Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation
Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern.
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British Virgin Islands court reportedly orders to liquidate 3AC
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Bitcoin got stronger despite government crackdowns, says Edward Snowden
The famous whistle-blower referenced his statement about Bitcoin from March 2020 during the events of “Black Thursday.” 423 Total views 4 Total shares Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world.Tweeting on Sunday, the former Central Intelligence Agency (CIA) agent stated that Bitcoin has gotten…
Boeing Uses Blockchain to Track and Sell $1 Billion in Aerospace Parts
Boeing has partnered with multinational aerospace conglomerate Honeywell to use its GoDirect platform to track and sell $1 billion worth of excess airplane parts using blockchain technology.The partnership was revealed at the Hyperledger Global Forum 2020 in Arizona. Lisa Butters, the general manager of Honeywell, stated that the parts were uploaded to the GoDirect Trade…
Competition for global crypto derivatives market dominance heats up
At the start of October, the crypto market was faced with extremely tumultuous financial conditions, thanks in large part to the recent filings against BitMEX, which saw the company’s top brass being indicted by the United States Commodity Futures Trading Commission on several charges. Not only that, but just a few days before the BitMEX…
Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report
The crypto community reportedly expects Kazakhstan’s internet and mining industry to return to normal by next Monday. 424 Total views 20 Total shares Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet.BIT Mining, one of the largest BTC mining…
Hong Kong central bank warns against crypto firms using banking terms
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. 1227 Total views 7 Total shares The Hong Kong Monetary Authority (HKMA) has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In
Gaming crypto GALA rallies nearly 350% in November — Correction ahead?
Gala Games' in-house currency GALA rallied by nearly 350% in November, ignoring corrections across the top cryptocurrencies, including Bitcoin (BTC). Notably, GALA price surged from $0.088 to $0.42 between Nov. 1 and Nov. 22.GALA/USD four-hour price chart. Source: TradingViewGALA's gains primarily came in the wake of a price rally across a majority of gaming and metaverse…
WEF Says Complete Blockchain Overhaul Unlikely
The WEF's blockchain project lead said the technology has its place, but likely will not takeover as the underpinning of all systems. Ashley Lannquist, blockchain project lead for the World Economic Forum, or WEF, explained blockchain has its use cases, but the technology is not without limitations. "I think it is unlikely that blockchain technology will…