Hashrate recovery reduces Bitcoin miners’ selling pressure in July

Square’s Cash App product has generated $875 million in revenue from Bitcoin (BTC) trading in the second quarter of this year. This is a 600% increase over the comparable quarter in the previous year. This shows increased trader interest, which could have been spurred by the cash heavy “government stimulus programs.”The recent breakout of Bitcoin…

Are future prices written in the stars? Meet Maren Altman, presciently named for cryptocurrency, who combines astrology and day trading crypto into a winning blend. In 1973, Princeton University professor Burton Malkiel published his book A Random Walk Down Wall Street, in which he famously states that a “blindfolded monkey throwing darts at a newspaper’s…

The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.

Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.

The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. 1137 Total views 5 Total shares Own this piece of crypto history Collect this article as NFTThe Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits…

The Monetary Authority of Singapore placed Binance on its investor alert list on Sept.1 over concerns that the crypto exchange may have violated local payments regulations. 1234 Total views 3 Total shares Global cryptocurrency exchange Binance announced Sunday that it will roll back product offerings in Singapore amid warnings from financial regulators that the company…

Switzerland’s leading stock exchange, SIX Swiss Exchange, has announced a partnership with Omniex - a San Francisco based firm that develops trading platforms designed for institutional investors targeting the crypto asset markets.According to a Feb. 25 press release published by SIX, the partnership will provide the firm and its clients with a gateway to digital…

The Reserve Bank of Zimbabwe, the country’s central bank, is considering a regulatory sandbox for crypto companies in an apparent change from its previous anti-cryptocurrency stance. The proposed sandbox is reportedly part of a broader agenda by authorities in Zimbabwe to revamp the nation’s financial sector, which has seen massive hyperinflation since 2007.Meanwhile, Zimbabwe’s government…

There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa.For instance, the DXY index dropped from 103.0 on Jan. 2017 to a 92.6 low on Aug. 2017, while Bitcoin rallied…