Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp
The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624…
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Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower
At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and…
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600…
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners…
Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’
Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor…
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023…
Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team
Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily…
SEC’s Crypto Enforcement Chief Departs After 9 Years
The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under…
JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The…
Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions
According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas…
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