The Bitcoin-hating European Central Bank isn't doing much to stop scammers

Disclaimer: This news is breaking and will be subject to updates.Oct. 26 — Bitcoin (BTC) is back above $10,000 for the first time since Sept. 22 after seeing massive gains of 36% on the day as of press time.Images courtesy of Coin 360Currently at $10,146, Bitcoin has seen an amazing 24 hours. It had been…

New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global electricity consumption over the next decade. 805 Total views 11 Total shares A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over…

The collaboration will have both parties researching the offline capabilities of CBDC issued by South Korea’s central bank. 124 Total views 3 Total shares Tech giant Samsung Electronics has reportedly partnered with the South Korean central bank to conduct research on central bank digital currency (CBDC) for offline payments.On May 15, South Korea’s central bank…

The humanoid robot named Sophia returned to the Web Summit stage, where she fielded questions from participants and journalists, including inquiries about blockchain technology and cryptocurrencies. On Nov. 6, Sophia addressed the room at the latest edition of the Web Summit in Lisbon, Portugal, where she talked about artificial and robotic intelligence while answering questions on…

After a successful run in Nigeria, Quidax announces global expansion plans and the launch of its native token, QDX. After nearly three years in operation, Nigerian cryptocurrency exchange Quidax has reported more than $3.2 billion in transactions, underscoring the rapid adoption of digital assets in Africa’s largest economy.Since launching in August 2018, Quidax has amassed…

Bitcoin’s volatility is now higher than it was on the day of its all-time high in March, with traders suggesting this could signal the end of the “massive consolidation.”

The new caucus will have the goal of cementing the US’s leadership in the future of digital assets and blockchain innovation. US Congresspeople Ritchie Torres and Tom Emmer are forming a “Congressional Crypto Caucus” with the goal of advancing crypto-friendly policies in the US House of Representatives. Torres announced the news via his X account

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day. 347 Total views 10 Total shares In the three months ending Oct. 31, defunct crypto exchange FTX has been burning through approximately $53,000 every hour on bankruptcy lawyers and advisers

Stablecoin usage lost steam amid the recent crypto market downturn. From peaking at nearly $2 billion on May 19, the daily transaction volume has fallen off its 2021 average by about 60%. The significant drop begs the question about stablecoin activity in the current market environment.Unsurprisingly, the two cryptocurrencies that remain in a tight race…