Bitcoin price loses $60K support to hit 2-month lows

Data also shows that the average gas price on the Ethereum has been dropping rapidly since the start of the year, plunging from 218 Gwei on Jan.10 to 40.82 on March 9. 73 Total views 23 Total shares Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August.…

The tax bureau of Beijing has officially announced that it will start implementing blockchain invoicing within the city on March 2.Beijing hopes blockchain invoicing can bring more transparency to taxpayersBeijing aims to bring blockchain’s unique transparency, traceability and immutability to its future governance with the usage of blockchain invoicing. The official announcement said that:“To reduce…

The Canadian PM has also begun to unfreeze many of the bank accounts of protestors and donors to the Freedom Convoy who are turning to Bitcoin to protect them from future interference. 695 Total views 4 Total shares Prime Minister of Canada Justin Trudeau has announced he will repeal emergency powers used to freeze $8…

Bitcoin (BTC) use for commercial payments has reduced significantly this year, according to a study by Chainalysis cited by Reuters Nov. 20.To prepare the study, Chainalysis reportedly surveyed 17 Bitcoin payment processors. The amount of BTC handled by major payment processors reportedly dropped by almost 80 percent from the beginning of the year to September.The…

An SEC filing reveals NYDIG’s intent to raise $720 million while a recent press release shows the company’s commitment to HODLing. 644 Total views 18 Total shares The bear market has not deterred one of the biggest Bitcoin (BTC) bulls. The balances of the New York Digital Investment Group, or NYDIG, hit record highs in…

On the latest episode of Hashing It Out, Avail’s co-founder explains the need to unify multiple networks in the Web3 space, not just ideologically but through innovation.

The United States dollar (USD) index is currently testing the bottom of a 12-year trendline. But as some traders are calling it the “most pivotal moment” for the global reserve currency since 2008, they believe that continuous depreciation will likely boost the price of Bitcoin (BTC).Since April, for over three months, the USD has declined…