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Adoption of bitcoin (BTC) as legal tender raises "a number of macroeconomic, financial and legal issues that require very careful analysis," Reuters reported, citing a spokesman for the International Monetary Fund (IMF). The fund is following "developments closely" and will continue "consultations with the authorities." As reported, Nayib Bukele, the President...
Until bulls run again, bitcoin (BTC) can be expected to consolidate or go lower, while ethereum (ETH) remains in a "bullish uptrend," according to analysts at Kraken Intelligence. Whatever comes next is to follow a market-wide sell-off, the worst correction since March 2020, preceded by a flurry of negative news,...
A South Korean politician has waded into the debate about the unnamed senior financial regulator who wants to quit his job to join Upbit, the domestic market-leading crypto exchange. In contrast, no such issues appear to have got in the way of crypto firms in the United States. The regulator,...
Shiba Inu (SHIB) token has taken over the Cryptoverse, calling itself the dogecoin (DOGE) killer and prompting many to raise alarms. Meanwhile, 50% of SHIB's total supply is deposited to the wallet of Ethereum (ETH) co-founder Vitalik Buterin, while the Ethereum fees skyrocket yet again and DOGE received another...
A mysterious Bitcoin (BTC)-loving projectionist has been lighting up the London nights with fiat-bashing, BTC-themed slogans. The projectionist’s activities have been chronicled by Dominic Frisby, a comedian and actor who rose to fame with a viral video about Brexit named “17 Million F**k Offs.” In recent years, Frisby has become a...
Quantum computing has long been regarded as Bitcoin (BTC)’s ‘bogeyman.’ The popular fear is that, as secure as Bitcoin and other proof-of-work cryptoassets are in terms of standard cryptography, quantum computers could provide additional means of breaking them. One other popular assumption is that, because they don’t use PoW, proof-of-stake...
Bitcoin (BTC) transaction fees have hit an all-time high after an explosion in Xinjiang, China, drove miners offline last week. According to data from BitInfoCharts, the average (mean) fee is now USD 58.42, eclipsing the former record of USD 55.16 set in December 2017. The drop in hashrate, which coincided with...
China may be softening its tone on cryptoassets, almost four years after it exacted a crackdown on bitcoin (BTC), altcoins and crypto exchanges, with encouraging remarks from Li Bo, the new deputy governor of the central People’s Bank of China (PBoC). Li Bo was quoted by multiple media outlets, including...
The de facto South Caucasus state of Abkhazia’s crypto mining miseries continue to deepen, with the government set to criminalize mining – and extend a mining ban as power supplies continue to experience disruption. As previously reported, anarchic scenes have become commonplace as large-scale miners have been driven out of...
Russian parliamentarians could be set to alter the soon-to-be-imposed legal threshold for crypto tax declarations, a State Duma committee member has conceded. As previously reported, lawmakers have previously voted in favor of a bill that would force crypto traders to declare total annual earnings of over USD 8,250 per year....