News

Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges 

June 30, 2023 0

Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating SHA256 hashrate to the chain as BCH is currently 2.7% more lucrative to

News

Biggest Movers: LTC, BCH Surge 20% Higher on Friday

June 30, 2023 0

Litecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April. The move came prior to the latest consumer sentiment report from the U.S, which rose to a reading of 64.4. Bitcoin cash climbed to its highest point since April 2022. Litecoin (LTC) Litecoin (LTC) […]

News

Insiders Say SEC Deems Blackrock’s Spot Bitcoin ETF and Other Applications as Inadequate

June 30, 2023 0

According to a report citing “people familiar with the matter,” the U.S. Securities and Exchange Commission has allegedly informed Nasdaq and Cboe that Blackrock’s registration for a bitcoin exchange-traded fund (ETF) and the multitude of other spot bitcoin ETF applications currently in progress are considered inadequate. SEC Reportedly Finds Flaw in the Latest Slew of

News

US Presidential Candidate Ron DeSantis Supports Plan to Eliminate IRS and ‘Break the Swamp’

June 30, 2023 0

In an interview this week, Ron DeSantis, the Republican governor of Florida and a presidential candidate, revealed his support to eliminate several federal agencies should he win the general election. Among the entities he mentioned were the U.S. departments of Education, Commerce and Energy, and the Internal Revenue Service (IRS). If Elected, DeSantis Administration Would

News

WebX Conference Welcomes Distinguished Guests: Japan PM, Yuga Labs CEO, Kabosu (Doge), Desdemona (AI Robot)

June 30, 2023 0

PRESS RELEASE. WebX, Asia’s leading Web3 conference (July 25-26), is thrilled to announce the participation of more esteemed guests at this year’s event: Japan prime minister Fumio Kishida, Yuga Labs CEO Daniel Alegre, the Dogecoin dog Kabosu, and the groundbreaking AI robot Desdemona (Made by Hanson Robotics, sister to Sophia the Robot). WebX is a […]

News

Bitcoin, Ethereum Technical Analysis: BTC Remains in the Green, Ahead of US Consumer Sentiment Report

June 30, 2023 0

Bitcoin remained close to the $31,000 level on Friday, as momentum in the market continued to be bullish heading into the weekend. This comes ahead of the anticipated consumer sentiment report from the United States, which is expected to show an increase in overall consumer confidence. Ethereum also edged higher today, climbing above $1,900. Bitcoin […]

News

Coinbase Alleges SEC Lacks ‘Any Powers to Regulate Digital Asset Exchanges’ in Recent Filing

June 30, 2023 0

Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has filed a 177-page answer to the complaint introduced by the U.S. Securities and Exchange Commission (SEC), where the agency states the company was involved in the illegal brokerage of securities. Coinbase alleges that the institution lacks “any powers to regulate” cryptocurrency exchanges and that this

News

US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million

June 30, 2023 0

According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also requires Ackerman to pay $27 million in restitution to defrauded victims […]

News

Haru Invest Fallout: South African Crypto Platform Says Customers Can Only Access 76% of Crypto Holdings

June 30, 2023 0

The South African crypto platform, Revix, said on June 28 that customers can now only access just over three-quarters (76%) of their crypto assets. Revix said the move to block customers’ access to 24% of their crypto assets was made after one of its primary service providers Haru Invest suspended deposits and withdrawals. Impact of […]

News

UK Commission Publishes Recommendations for Reform and Development of the Law on Digital Assets

June 30, 2023 0

The Law Commission of England and Wales has published its “recommendations for reform and development of the law on digital assets.” The recommendations, which seek to secure the U.K.’s position as a global crypto hub, are intended “to provide a comprehensive legal foundation for digital assets which will allow these new technologies to flourish.” Accommodating […]