Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support. Bitcoin Bitcoin continued to trade at high levels of uncertainty on Friday,Continue Reading
South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from realityContinue Reading
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bankContinue Reading
The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet approved new tax relief rules Tuesday forContinue Reading
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable to Use Their Mastercard and Visa Cards on BinanceContinue Reading
Bitcoin environmental concerns are often portrayed in misleading and exaggerated ways contrary to proper research. Bitcoin receives disproportionate media coverage over its tiny fraction of a percent of global emissions and relatively inconsequential environmental impact. Why this happens requires following the money into environmental, social and corporate governance (ESG) accounting.Continue Reading
Gleb, a Ukrainian and Bitcoin Core developer since 2018, is using BTC to deliver humanitarian supplies in wartorn areas of his native country. Demonstrating its unique utility on the biggest world stage of the moment, Bitcoin has helped Ukrainian armed forces and nongovernmental organizations raise money from overseas supporters toContinue Reading
Analyzing bitcoin derivatives data makes it clear that market participants are cautious in this period of uncertainty. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight toContinue Reading
Foundation also announced Envoy, a companion mobile Bitcoin wallet for the Passport Batch 2. Foundation Devices, Inc. has unveiled its new Bitcoin hardware wallet, Passport Batch 2, a thinner and cheaper update to its previous Passport Founder’s Edition. The company also announced a new Bitcoin mobile wallet, Envoy, which servesContinue Reading
Less than 24 hours after U.S. President Biden’s executive order, cryptocurrency markets were back in the red, as the global market cap fell by over 5%. Bitcoin was once again trading below $40,000, with ETH hovering marginally above $2,500. Bitcoin As the smoke clears following yesterday’s executive order, crypto tradersContinue Reading
