Bitcoin bulls were obliterated, but is it time to catch the falling knife?

The U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) as tax payment, the Wall Street Journal (WSJ) reports today, Nov. 25.As the WSJ writes, the move initially applies only to businesses, with plans to extend the offering to individual taxpayers in future. Starting this week, Ohio-based businesses will…

A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% of these options are now deemed worthless.As we approach the expiry date, call (buy) options above the current level begin to depreciate…

The CEO and founder of Canadian social media and messaging app Kik has vowed to fight U.S. regulators over the future of the native Kin (KIN) cryptocurrency “no matter how hard it is.”According to a Sept. 25 report from Global News, Kik CEO Ted Livingston told an audience the Elevate Conference in Toronto on Wednesday:“We…

Major mining hardware manufacturer TSMC has announced plans to build a $12 million facility in Arizona. 1664 Total views 45 Total shares The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona.The move comes after TSMC suffered significant disruptions across…

Messari co-founder Ryan Selkis says Cardano’s recent price surge is proof that staking isn’t dead preparing for the upgrade to Shelley. 1214 Total views 15 Total shares After Cardano surged to become sixth-biggest cryptocurrency by market cap last week, Messari co-founder and CEO Ryan Selkis still believes traders could buy and stake more of the…

Decentralization via blockchain technology has given rise to several applications such as cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and many more use cases. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC),…

The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries.In a Friday announcement, the White House said leadership from the United States, Canada, France, Germany, Italy, Japan, the United Kingdom and…