Bitcoin and altcoins fail to rally even as U.S. inflation cools down

Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors’ sentiment was significantly impacted by an…

The halcyon days of state subsidized electricity are over. Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity.Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new measures.…

Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future.According to data from on-chain monitoring resource Glassnode on April 16, Bitcoin's network hash rate has passed total exahashes per second (EH/s) for the first time in its history.Hash rate…

The deal brings Polygon’s cumulative zero-knowledge technology investment to over $1 billion, the company said. Toposware’s team is behind Polygon’s Type 1 Prover technology.

The protocol chose Cosmos as the best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second. 129 Total views 21 Total shares On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum layer 2, announced that it would be moving to a…

Brazil’s central bank believes you’ve got to change money, to save money. The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry.According to the central…

Crypto.com’s Crypto.org Chain aims to bring cryptocurrency payments mainstream. 1095 Total views 14 Total shares Blockchain infrastructure provider Bison Trails has announced another major industry partnership, this time with Crypto.com, a leading digital currency exchange looking to bring familiar transactional use cases to cryptocurrency markets.Bison Trails is providing key infrastructure to Crypto.org, Crypto.com’s public, open-source…

An ICO fraudster spent more than $7 million in fraudulently obtained covid relief on luxury personal expenses, including a Rolex, a luxury apartment, and a new Mercedes. 2182 Total views 16 Total shares A 24-year-old New York resident has pleaded guilty to acquiring more than $7 million in Covid-19 relief through fraudulent loan applications and…

The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US.