On November 22, New York Governor Kathy Hochul officially enacted a two-year ban on proof-of-work (PoW) crypto mining, making it the first state in America to do so. Mining Now Restricted to Green Companies The PoW mining moratorium will not…
El Salvador Begins Dollar Cost Averaging On Bitcoin Despite the Crypto Winter
El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several months due to the market’s bearishness. The Bitcoin Hoarding Begins El Salvador’s president Nayib…
FTX Collapse Triggers Massive Run On Exchanges Pushing Bitcoin to Self-Custody Wallets
According to data reviewed by CryptoSlate, after the FTX collapse, investors are shifting significant quantities of Bitcoin (BTC) to their self-custody wallets and leaving Ethereum (ETH) to invest in stablecoins. BTC Rushes to Self Custody The amount of very liquid,…
Billionaire Tim Draper Gives Bitcoin 5 Years To Achieve Global Adoption
Tim Draper, a billionaire venture capitalist, believes that the acceptance of Bitcoin (BTC) is progressing very well on a global scale. 100 Million Bitcoin Wallets And Counting Draper described Bitcoin reaching 100 million wallets as an “amazing” accomplishment in a…
ARK’s Cathie Wood Bought Bitcoin At $250 Years Ago, Currently Sitting On $7.6M Profit
Cathie Wood recently disclosed that she bought $100,000 worth of Bitcoin (BTC) when the price was approximately $250 years ago. The popular cryptocurrency’s quoted unit price indicates that Wood probably made the transaction in 2015. The CEO of ARK Investments…
Christiano Ronaldo’s Homeland Of Madeira Launches Bitcoin Trial
Madeira’s President Miguel Albuquerque was invited by Jan3 CEO Samson Mow to the platform at Bitcoin Miami 2022 to make the announcement that the Madeiran archipelago had accepted Bitcoin (BTC). Madeira Cannot Legally Adopt Bitcoin The president had announced that…
El Salvador Makes Bitcoin Legal Tender
Despite the recent struggles that Bitcoin was facing, the cryptocurrency received a strong push by the Central American Nation, El Salvador on Wednesday as the country is going down in history as the first country in the world to adopt…
Music Artists to Receive Crypto Payments from Legacy Records
Cryptocurrency industry has experienced a rapid growth with the COVID-19 pandemic as many of the products started going digital. Meanwhile, cryptocurrency was embraced by major institutions and industries as a payment mechanism replacing fiat currency. With the latest initiative of…
Two Firms Have Bought More than $150 Million Worth of Bitcoin Miners
Bitcoin mining machines are rapidly rising in popularity. Two additional organizations — The9 Limited and Blockcap — have now bought an aggregate of 36,000 bitcoin miners worth more than $150 million from Bitmain. The9 Limited, a Nasdaq-registered Chinese gaming organization,…
Bitcoin Now Worth More than Visa and Mastercard Combined
Bitcoin (BTC) accomplished more than hit $60,000 per coin a week ago — it also became worth more than the world’s three greatest banks consolidated. According to publicly available data, the biggest digital currency outperformed the three highest valued financial…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
