Proposal mandating the Swiss National Bank to hold Bitcoin now underway

The loan saved Argo from bankruptcy during the crypto winter of 2022.

Opinion by: Merav Ozair, PhD Technology is advancing at the speed of light today more than ever. We have surpassed Moore’s law — computational power is doubling every six months rather than every two years — while regulations are, and have been, playing catchup. The EU Artificial Intelligence Act just came into force in August

Tuesday Sept. 24 — Bitcoin's price has retraced rapidly from $9,800 to $8,150 in less than a day for the first time in months.Bitcoin 24-hour price chart. Source: Coin360Bitcoin prices crashed hard — dropping almost $800 in a few minutes to show double-digit losses. It was down 11.4% and trading at $8,150 as of publishing time. According to data from Coin360, Bitcoin investors are…

Bitcoin (BTC) prices broke below a long-standing support wave, which was instrumental in keeping its strong bullish bias intact after March 2020's crypto market crash.Dubbed as the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have paid for Bitcoin over the past 50 weeks. Over the years, and in…

Altcoin trading platform Coinexchange.io has announced that it is shutting down due to financial difficulties.In an official announcement on Oct. 1,  the platform noted that the closure was purely a business decision and is not connected to any security breach or other incident.No longer economically viableCoinexchange.io is currently seeing daily traded volumes of roughly $700,000,…

Three Irish banks have begun using a staff data solution running on blockchain technology, a joint press release confirmed on May 30.Together with the Institute of Banking (IoB), Bank of Ireland, AIB and Ulster Bank partnered with Big Four accounting giant Deloitte on the project, which verifies staff credentials.Deloitte developed the Ethereum-based tool using its…

The Bitcoin Cash (BCH) network update, which many predicted would lead to a hard fork, began as scheduled today, Nov. 15.At press time, Bitcoin ABC and Bitcoin Unlimited are currently leading Bitcoin SV in terms of both hash rate and number of nodes, according to Coin.Dance. Under the new consensus rules, 41 blocks have been…

Crypto investors are beginning to feel a sense of hope once more on Jan. 26 as the wider cryptocurrency market is seeing green and Bitcoin (BTC) price trading near $38,000. Even with the breakout, traders are advising caution ahead of the Federal Open Market Committee meeting where the Federal Reserve is expected to unveil their…