Bitcoin miner profits drop as halving, power costs weigh — JPMorgan
BTC miners are struggling to adapt to a post-halving environment.
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Bitcoin price battles $23K as data says US in ‘technical recession’
Bitcoin (BTC) regained more lost ground on the July 28 Wall Street open amid confusion over whether the United States had entered a new recession.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts call recession for United States on GDP printData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it tested $23,000 for support after a leg…
Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. 2945 Total views 19 Total shares The government of Bahrain, the third-richest Arab country, is working with American investment bank JPMorgan Chase on a digital currency settlement pilot.The Central Bank of Bahrain officially announced…
Aptos launches keyless wallets that use ZK-proofs to verify identities
Aptos Connect allows users to log in with a Google ID without needing an MPC Network, Magic Links, or Windows passkey.
Italian Banks Successfully Test Data Reconciliation Via Blockchain
The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform.The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test of the framework has been first announced by Italian media at the…
Crypto and blockchain won’t catch on until they’re actually useful
A perennial question surrounding blockchain technology is: When will it make a mainstream impact? Understandably, enthusiasts in the industry are anxious to see this technology live up to its promise of empowering consumers, accelerating cross-border payments and bridging the financial inclusion gap for the under- and unbanked.The reality is that today, its scope is limited.…
US Treasury Sanctions Bitcoin, Litecoin Addresses Under Kingpin Act
The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, or the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be associated with foreign narcotics operators.The Treasury updated its SDN list with recent…
Community Is Puzzled as Crypto.com’s Token Receives Branded Twitter Hashtag
The Crypto.com token becomes the second cryptocurrency to receive an emoji hashtag on Twitter. 838 Total views 27 Total shares The Crypto.com Chain token (CRO) is now the second cryptocurrency to receive an emoji hashtag on Twitter. This follows a similar move for Bitcoin (BTC) in February.Since Thursday, tweeting the “#CRO” hashtag automatically add the…
Historically accurate Bitcoin metric nears the next ‘potential’ price peak
Exciting action for the historically accurate metric lays the foundation for a new cycle to a price peak. 4883 Total views 1 Total shares Bitcoin (BTC) losing over 50% in a month may have a big silver lining as lower prices set up a classic bull flag.On Thursday, Philip Swift, creator of the Pi Cycle…