BTC price suddenly drops 5% as Bitcoin rejects low CPI print

ShuttleFlow will change ownership to be operated and developed by Zero Gravity. 654 Total views 1 Total shares ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years. The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero

Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence. 203 Total views 1 Total shares Officials in China have warned about the risks posed by the rapid advancement of artificial intelligence (AI) development and subsequently called for tighter measures on national security. The…

The price of Bitcoin (BTC) broke out of a 2-month range and rallied to $8,400 during this week. However, the price couldn’t break out of the downtrend and is stuck in a new range.Is the price of Bitcoin already in a bull market, or is the price expecting continuation downwards?Crypto market daily performance. Source: Coin360Bitcoin…

A Salvadoran government official has said that while businesses must accept BTC transactions, they can choose whether to receive BTC or USD upon settling transactions. 956 Total views 6 Total shares In an interview with local media, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the…

As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants. 527 Total views 6 Total shares Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However,…

The World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender. 926 Total views 8 Total shares The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender. It cited issues with Bitcoin’s environmental impact and…

Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue. 1569 Total views 14 Total shares The United Kingdom's Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so.The FCA made this known via a policy statement issued on its…

Bitcoin a secure cryptocurrency, whereas Ethereum has been a “frontrunner” when it comes to smart contracts. As interest in smart contracts surges, some Bitcoiners are asking: why can't Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)?Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to…