Bitcoin

Republic of Ireland to Prohibit Political Cryptocurrency Donations

April 20th, 2022

The government of Ireland is preparing to ban political parties from accepting campaign donations in cryptocurrency. The move aims to block the perceived threat of Russian interference in the European nation’s elections against the backdrop of a clash between the West and Moscow over the war in Ukraine. Ireland to Limit Foreign Political Support for…

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

April 19th, 2022

The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This…

Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals

April 18th, 2022

A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk business as secret as possible to attract a clientele that would pay top dollar for…

Fumb Games Mobile App Bitcoin Miner Integrates Real BTC Rewards via Zebedee

April 15th, 2022

Four years ago, a mobile game application called “Bitcoin Miner” came out that simulates bitcoin mining but at the time, the game’s development team Fumb Games could not integrate bitcoin rewards. On Thursday, Fumb Games revealed it has partnered with the fintech firm Zebedee and the Bitcoin Miner game now allows players to earn real…

Iran Will Not Allow Crypto Payments, Prepares to Pilot Digital Rial

April 11th, 2022

Iran will not recognize cryptocurrencies as a means of payment, a high-ranking government official has indicated. His statement came as the Central Bank of Iran announced rules for the issuance of digital coins in the country. These are meant, however, for its own “crypto rial,” the pilot phase of which should start in the near…

Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees

April 11th, 2022

The global crypto community has actively supported humanitarian efforts in Ukraine and two crypto exchanges are also looking to help Ukrainian refugees abroad. Binance, the largest coin trading platform, and the Ukrainian Whitebit have turned their attention to the Ukrainians who had to leave their country as a result of Russia’s invasion. Binance to Launch…

Bitcoin Exchange Outflows Near 100K BTC, Gear Up for Bitcoin Conference 2022

April 4th, 2022

The Bitcoin exchange outflows have approached 100K BTC once again during the last month of March 2022. This happens as Bitcoin recovers from the downside pressure followed by strong buying interest. On-chain data provider Glassnode explains: “Bitcoin exchange outflow volume recently hit a rate of 96.2k $BTC per month. Aggregate exchange outflows of this magnitude…

Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC

March 30th, 2022

Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries…

Terra Buys an Additional $135 Million Worth of Bitcoin, LUNA Price Hits $100

March 29th, 2022

Bitcoin and the broader crypto market have bounced back strongly at the start of this new week as long-term holders continue to make strong accumulation. On the other hand, Terra continues with its strong Bitcoin accumulation as part of its strategy to back the UST stablecoin. On Monday, March 28, the Terra Foundation added another…

Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days

March 27th, 2022

The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during the last 24 hours, as the valuation stands at $2.1 trillion today. Furthermore, the price of bitcoin jumped over the $46K zone on Sunday as…