Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving

The United States Internal Revenue Service (IRS) is considering a proposal that would have sweeping consequences for the cryptocurrency industry. Investors should be concerned, because it could significantly impact the way that individuals — both inside and outside America — are allowed to engage with digital assets.The IRS is proposing an initiative under Section 6045

Bitcoin (BTC) climbed to fresh all-time highs on Jan. 7, coming within striking distance of $40,000.Cryptocurrency market overview. Source: Coin360BTC price reaches $37,800Data from Cointelegraph Markets, Coin360 and TradingView showed Bitcoin getting yet another boost overnight on Wednesday as protestors stormed the Capitol in Washington D.C.After showing signs of continuing strength during trading the day…

New data suggests the total USD value locked in DeFi protocols is overestimated by roughly $2.83 billion. The total USD value locked in decentralized finance (DeFi) protocols recently surpassed the $6 billion mark according to onchain data resource, DeFi Pulse.Currently, the figure rests at $6.32 billion, after rising nearly six-fold since it reached the $1…

Crypto allies dominate the list of witnesses slated to appear before the House Committee on Energy and Commerce. 35 Total views 1 Total shares As U.S. Congress is preparing to take a thorough look at the energy use of crypto mining, the list of witnesses for the Thursday hearing contains more proponents of blockchain technology…

New York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license. 50 Total views 2 Total shares New York-based crypto trading platform Gemini claims to be the first one to get registered as a Virtual Asset Service Provider (VASP) by the Central Bank of…

According to former CFTC Commissioner Sharon Bowen, the U.S. is behind other nations working on a CBDC. 1083 Total views 4 Total shares Sharon Bowen, a former Commissioner at the United States Commodities Futures Trading Commission, today said that the U.S. was falling behind other nations that are working on a central bank digital currency,…

Binance cryptocurrency exchange has added support for buying Bitcoin (BTC) and other cryptocurrencies with the Turkish lira through its local digital wallet partner Papara. The exchange unveiled the addition on its website on Nov. 15, one week before CEO Changpeng Zhao's (CZ) visit to Turkey. According to the website, Turkish users are now able to exchange…

Bitcoin’s failure to hold $64,000 could be an early sign that a price reversal is beginning.

The funding will be used to develop debit and credit card payment rails in Asia. 2162 Total views 13 Total shares Digital asset custodian First Digital Trust has secured funding to bring crypto asset payment services and upgrades to the Asia Pacific region.The Hong Kong-headquartered company has raised $2.15 million in a convertible note funding…