Tag: News

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices – Bitcoin News

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After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As of Jan. 13, 2023, Nexo’s attestation indicates that the company now holds 124,939 bitcoin, with $157.21 million worth of bitcoin having been withdrawn during the past 24 hours. Customers Withdraw $157 Million Worth of Bitcoin From Nexo’s Platform in 24 Hours Last year, a number of…

SHIB Hits 6-Week High, ETC Extends Recent Gains – Market Updates Bitcoin News

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Shiba inu was one of Friday’s biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high. Shiba Inu (SHIB) Shiba inu (SHIB) was one of Friday’s notable movers, as the meme coin moved to a six-week high. Following a low of $0.000009227 on Thursday, SHIB/USD raced to an intraday peak of $0.000009711 earlier in today’s session. As a…

Bitcoin Hits $19,200, But will Momentum Continue? – Blockchain News, Opinion, TV and Jobs

Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin is currently facing resistance at $19,200, and yesterday’s CPI news could provide some hope for the outlook of global markets and crypto in 2023. Bitcoin is rallying after the release, as CPI was expected to decrease by 0.1% month-over-month, and headline year-over-year CPI is expected to decrease from 7.1% to 6.55%, which it did. The latest inflation data, which were released on Thursday by the Bureau of Labor Statistics, showed prices were 6.5 percent higher in December than they…

Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS – Bitcoin News

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Several U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year. Biden Administration Opposes Bill for Rescinding Funding for IRS Enforcement of Tax Laws After Kevin McCarthy, the speaker of the United States House of Representatives, announced his intention to repeal the tens of billions in funding that was approved for the Internal Revenue…

BTC Hits 2-Month High, Climbing Above $19,000 – Market Updates Bitcoin News

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Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh multi-month high. Bitcoin Bitcoin (BTC) rallied to a two-month high earlier in today’s session, as prices climbed above the $19,000 mark. Following a low of $17,995.20 on Thursday, BTC/USD moved to a peak of $19,031.80 earlier in the day. As a result of…

More Than 65% of Oman’s Crypto Holders Are College Graduates — Study – Featured Bitcoin News

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Approximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority (90%) of Oman’s crypto holders are aged between 18 and 44. Crypto Awareness in Oman According to the findings of a new study by Souq Analyst, approximately 65,000 Oman residents, or 1.9% of the country’s adult population, own cryptocurrency. However, despite the seemingly low ratio of crypto holders relative to its population, the…

Forbes Gives Alchemy Pay Web3 Innovation Pioneer Award – Press release Bitcoin News

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press release PRESS RELEASE. Singapore, 12 January 2023: Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi, have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The Singapore-based payment solutions provider has a major research and development hub across Asia that has pioneered new payment systems at the very edge of modern fintech – convenient payments that seamlessly enable the movement of funds between traditional fiat currency and cryptocurrency. After its establishment in 2018, Alchemy Pay became Southeast Asia’s number…

El Salvador Chivo Wallet Programmer Opens Up About Alleged ID Fraud, Tech and Money Laundering Issues – Exchanges Bitcoin News

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A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to help in the handling of the issues, has talked about ID theft, money laundering problems, and the tech issues he observed while working with the Chivo team. Chivo Wallet Problems Deconstructed Shaun Overton, a developer that supposedly was part of the team for Chivo Wallet, has talked about the different problems that the flagship cryptocurrency wallet, created by…

Belarusian Fined $1 Million for Illegal Crypto Trading – Bitcoin News

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A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court The Supreme Court of the Republic of Belarus has rejected the appeal of a Belarusian against a lower-instance ruling ordering him to pay 2,700,000 Belarusian rubles (around $1 million) to the state for trading digital assets outside the law. The…

Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile – Regulation Bitcoin News

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The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies as customers for risks that are nevertheless managed in the case of servicing other kinds of customers. Cryptocurrency Exchanges Still Fighting Banks in Chile Cryptocurrency exchanges and other crypto-related companies are still fighting private banks for the right to open and manage bank accounts in Chile. The legal fight, which…