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Bitcoin
Crypto Assets like Bitcoin (BTC) Cannot Be Legal Tender: IMF
Bitcoin’s path to becoming an official legal tender in regions has witnessed multiple setbacks. Bodies like the International Monetary Fund (IMF) clarified their narrative in the latest report. ‘No’ to BTC as legal tender, ‘Yes’ to…
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Yuga Labs Launches Ordinal Inscription NFT Collection Twelvefold
On Feb. 28, Yuga Labs announced Twelvefold, its latest contribution to the world of nonfungible tokens.
Riding on the back of the Ordinal inscription craze, the firm unveiled a limited edition collection of 300…
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Inflationary vs. deflationary cryptocurrencies, Explained
Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to…
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Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From…
On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of…
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Bitcoin Mining Difficulty Reaches New ATH, Maintains $23k
Bitcoin mining difficulty increased by 9.9% to a new all-time high over the last two weeks, suggesting that more miners are coming online to take advantage of the increase in BTC price.
According to data from BTC.com, the mining…
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Bitcoin Falls 3% As PCE Rises 0.6% in January
Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January.
The higher-than-expected…
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Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in…
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that…
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Bitcoin Is ‘Unresponsive’ to Monetary and Macroeconomic News
Bitcoin, cryptocurrency’s flagship coin has been a grey area in relation to both monetary and macroeconomic factors. Different regulators, such as the New York Federal Reserve, deep-dive into this relationship and the after-effects the…
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IoV Labs Launches RIF Flyover to Ease Transfers Between Bitcoin and Rootstock
South American blockchain technology company IoV Labs has launched its Rootstock Infrastructure Framework (RIF) Flyover designed to enable seamless bitcoin (BTC) transfers.
According to a press release CryptoPotato, the…
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Bitcoin regains $25K amid hope record China easing will boost BTC price
Bitcoin (BTC) spent another day tackling $25,000 on Feb. 20 as analysts continued to warn over market manipulation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin buoyed by “Notorious B.I.D.”Data from Cointelegraph…
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