Binance Pool raises $500 million for new loan programs for Bitcoin miners.The company must have been driven to launch a new loan business for the miners by the recent upheaval from crypto mining businesses. For the loan, which can last up to 18 months, miners just need to provide security in the form of tangible […]
Critics have been unable to understand how Bitcoin translates into actual value since its inception. If you’re sick of hearing the same arguments from friends, family, and coworkers, this article will arm you with the information you need to dispel myths and rationalize the controversy around Bitcoin adoption. Does Bitcoin Serve as Money? Bitcoin is […]
The Chinese government has put in measures to track and arrest Bitcoin miners in data centres. The regulators have tried to curb this crypto mining with threats, measurements of energy utilization, and the establishment of hotlines. The will to curb crypto miners has prompted the flee of many data miners to countries like Iceland and […]
Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, recently noted that Bitcoin (BTC) and the crypto industry could record a significant boost from the regulatory move headed by his organization. Behnam noted that a clearer regulatory pathway would open up the industry to institutional investments. The CFTC chair argued that the only way […]
The Central Bank of Bahrain (CBB) has announced plans to launch a Bitcoin (BTC) payment processing and payment solution through a partnership with BTC payment processor OpenNode. OpenNode noted in a press statement earlier today that the solution comes amid increasing interest in digital assets across the Middle East. The crypto payment company noted that […]
On-chain data provider Glassnode recently revealed that a large majority of Bitcoin (BTC) tokens on the market have been dormant for over 12 months. Bitcoin addresses described as dormant are those that have recorded no outgoing transactions within a given period and have maintained an above zero balance all through the said period. Glassnode some […]
Bitcoin (BTC) recorded a shock last week after Jerome Powell indicated that the US Fed was committed to sustaining its monetary tightening campaign to tackle inflation. However, the benchmark cryptocurrency appeared to get its leg under it quickly, a pattern some say indicates that the cryptocurrency has bottomed out. The flagship cryptocurrency is down by […]
Over the weekend, Bitcoin (BTC) slumped to the sub-$20,000 mark as traders took flight from risky assets once again. Investors responded to warnings made by US Fed Chair Jerome Powell at the recently concluded Jackson Hole symposium, where he said there was a likelihood of a fallout from the bank’s policy plans to curb rising […]
Bitcoin (BTC) recorded its worst fall in two months last week, plunging by over 10% after minutes from the July US Fed meeting surfaced. The recent fall crystallized expectations by many that the benchmark cryptocurrency would extend its decline to the sub-$20,000 region. Some Bitcoin “super-bears,” like Peter Schiff, believe that $10,000 is also on […]
