Month: May 2023

How to play it when BTC price moves up or down 10%

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Here’s how Bitcoin (BTC)  traders can profit whether its price move up or down 10% within 55 days. Bitcoin options: Bracing for volatility Traditional market analysts have started calling for a volatility spike due to the U.S. government debt discussion. Moreover, signs of stress coming from the banking sector took investors by surprise after the DXY index, which measures the U.S. dollar against a basket of foreign currencies, reached its lowest level in 12 months at 101 on May 4. Stock market and macro analyst Markets & Mayhem posted a…

Syrian Crypto Dealer Freed From Kidnappers Who Demanded Ransom of Over $1.1 Million – Featured Bitcoin News

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Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto Dealer’s Captors Were His Party Friends Spanish law enforcement recently freed a Syrian cryptocurrency dealer from three kidnappers that were demanding a ransom of $1.12 million (or €1 million). According to a report by a Spanish-language publication, the captured trio was set to appear in court on May…

Liechtenstein Plans to Add Bitcoin as Payment Option for State, Prime Minister Daniel Risch Says: Report

The European Union is now finalizing its landmark licensing regime known as the Markets in Crypto Assets (MiCA) regulation – something that could draw to the region crypto firms seeking regulatory clarity. Although Liechtenstein is not a member of the bloc, it is part of the greater European Economic Area (EEA), to which the framework’s relevance can be extended. Source AddBitcoinDanielLiechtensteinMinisterOptionPaymentPlansPrimeReportRischState CryptoX Portal

Bitcoin’s unexpected chain fork results in double spending of 10 BTC

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Fork Monitor, a platform dedicated to tracking chain forks, the Bitcoin network recently experienced an unexpected chain fork at the block height of 788686. The unforeseen event resulted in the double spending of almost 10 bitcoins (BTC). Prominent Chinese blockchain reporter Colin Wu called attention to the development in a tweet today, citing data from Fork Monitor.  According to ForkMonitor, a chain fork with a length of 2 occurred at block height 788686 of…

Baidu to Make Its First Entry into Smartphone Market Next Week

The move appears to signal the intent of Baidu to create a hardware ecosystem that will complement its already prominent internet services. Beijing-based internet company Baidu might be only a week away from launching the brand’s first-ever smartphone. According to a Bloomberg report, the smartphone represents another addition to Baidu’s growing portfolio of smart gadgets. However, the move appears to signal the intent of Baidu to create a hardware ecosystem that will complement its already prominent internet services. In a similar manner to Google and Amazon, the firm had recently…

European Lawmakers to Review Smart Contract Laws that Threaten to Kill DeFi

Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation. As Europe embarks on its journey to bring clear crypto regulations in place, the blockchain industry is making a final push in preventing laws that would crush the smart contracts underpinning the decentralized finance (DeFi) protocols. The lawmakers are currently having negotiations over the Data Act, which will be concluded by the end of June. This Data Act seeks to regulate data shared…

Chinese Supreme Court Allows Use of Virtual Assets to Settle Basic Debts Despite Cryptocurrency Ban

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The apex Chinese court has ruled that virtual assets can be used to settle basic debts, despite the country’s ban on cryptocurrency transactions. The decision was made during a conference held by the Supreme People’s Court of China earlier this year, media reports said.  According to the court, cryptocurrencies share some similarities with virtual properties, and if the parties involved in a case agree to use small amounts of cryptocurrencies to settle their debts, the contract will be considered valid by the Chinese courts. However, if the cryptocurrency transaction cannot…