Shitcoins are similar to counterfeit coins because they do not function properly and can be a waste of money. And Vitalik Buterin, one of the founders of Ethereum, is fully aware of that fact. Because of this, he decided to liquidate the meme coins that he had been given as a gift, which was a … Read more
The regulator has taken yet another step in its ongoing enforcement campaign. This time, it has accused BKCoin Management and its key person, Kevin Kang, of being involved in a fraudulent operation involving cryptocurrency assets. According to the regulating body (1), the company raised around one hundred million dollars from fifty-five investors to initially invest … Read more
Given how easy it is to obtain bitcoins, many people are interested in cryptocurrencies and think the expanding trend of bitcoin ATMs will drive further acceptance. Yet, Bloomberg stated that Bitcoin ATMs were impacted by the crypto winter that occurred a year ago. A recent instance demonstrates that regulators have cracked down on a Bitcoin … Read more
After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
Mike McGlone, a senior macro analyst at Bloomberg Intelligence, explained (1) the major factor that led to a decline in the price of Bitcoin and other cryptocurrencies. McGlone mentioned the hawkish inflation-curbing stance of the US Federal Reserve as the major issue that could impose negative pressure on riskier assets like crypto assets in his … Read more
Block Inc., the American global payments company, has recently announced (1) the foundation of a new subsidiary that will be known as C=. This move was made in an effort to drive the general usage of the Lightning Network. Despite the fact that it was not the original creator of the Lightning Network, Block has … Read more
Riot Platforms, a firm that mines Bitcoin (BTC), has recently published a report on its business’s financial and operational success for the entire year 2022. But at the same time, tripling its hashrate capability, the company brought in a total of $259.2 million in revenue for the fiscal year that concluded in December 2022. Riot … Read more
Reports indicate (1) that Marathon Digital Holdings, Inc. anticipates recording revenue of $38.4 million for the quarter ending in December 2022. Even though this amount is three times higher than what the cryptocurrency miner made in the previous quarter, it is still lower than the $60.3 million that it made in the same time period … Read more
The next Bitcoin halving event is expected to occur in March 2024, according to data (1) from Bitdegree. The anticipation surrounding this event looks to be reaching a fever pitch. In the past, Bitcoin halvings have occurred around every four years, although it is impossible to forecast when the next one will take place accurately. … Read more
Another cryptocurrency company in India is now the target of an investigation by India’s financial crimes unit. According to recent reports, India’s Enforcement Directorate (ED) has leveled allegations of illegal forex activity against one of India’s top cryptocurrency exchanges, CoinSwitch Kuber. Additionally, on Thursday, the agency conducted investigations at five other CoinSwitch locations. Reuters was … Read more