Delivering his speech at the recently concluded Bitcoin 2022 conference in Miami, Florida, PayPal co-founder Peter Thiel shared a list of what he called: “enemies stopping Bitcoin from rising 100x.” Thiel noted that the “enemies list [is] a list of people who I think are stopping Bitcoin.” He explained that “there’s a lot of them, […]
A new critical cryptocurrency law just passed in the EU, and it went largely unnoticed by the market. While this new law only affects cryptocurrency investors in the EU directly, it could have a ripple effect on the rest of the market. The new law essentially enforces cryptocurrency companies to mandate strict KYC (Know Your […]
In 2020, the global NFT market did about $338 million in transaction volume. In 2021, it surpassed $41 billion. Meanwhile, the global physical collectibles market, including trading cards, games, toys, coins, etc., is a $370 billion market. If history is any indication, when a physical market goes digital, it eventually grows even bigger than the […]
As Bitcoin (BTC) records a massive correction, it would seem that large whale addresses have seized the moment to purchase the benchmark cryptocurrency at a discount, as reports show that whales accumulated over 6,000 coins yesterday alone. This revelation came from CryptoQuant analysts. Meanwhile, popular crypto commentator Yu Shiuan Chen recently tweeted an insight into […]
The Central Bank of Russia (CBR) has ruled out the possibility of using cryptocurrency to evade the hefty sanctions imposed on the country following its military invasion of Ukraine in late February. The latest development came from a statement by the Bank’s First Deputy Governor, Ksenia Yudaeva, as a response to a proposal forwarded by […]
Recent reports show Lucky Block (LBLOCK) has accumulated over 49,000 holders as the lottery cryptocurrency continues to scale up. That said, tapping 50,000 holders would be a significant achievement for the cryptocurrency project, which began operating in late January on PancakeSwap DEX and LBank, the only centralized exchange it trades on. LBLOCK rallied by over […]
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), made some comments about the regulation of the cryptocurrency industry at a seminar hosted by the University of Pennsylvania Carey Law School. Gensler began his speech by making clarifications on the duty of the Commission, noting that “the SEC’s remit is overseeing the capital […]
MicroStrategy’s crypto subsidiary, MacroStrategy, has secured a $205 million Bitcoin (BTC) collateralized loan from Silvergate Bank through its SEN leverage program. Macrostrategy revealed that it would use the proceeds of the loan to purchase more Bitcoins. Silvergate Bank, the banking subsidiary of Silvergate Capital Corporation, revealed last week that it had agreed to one of […]
The cryptocurrency market welcomed the news that the British government plans to make the UK a staple name in global crypto-asset technology. The UK government revealed several ways it plans on achieving this feat on Monday, including regulating stablecoins, creating a “financial market infrastructure sandbox” to foster blockchain and crypto technology-related innovations, organizing a Financial […]
