Bitcoin Hashrate Hits 8 Month Low Amid China Crackdown
China’s crackdown on mining operations seems to have negatively impacted the prices of Bitcoin and the broader crypto market. The crackdown has also led to a drop in Bitcoin’s hashrate and after several mining companies halted their operations in the country,
Coinbase Pro Adds Polkadot
Coinbase seems to be expanding the number of tokens available on the platform. Just a few days after adding Dogecoin to its list of tradable tokens, the exchange has now offered Polkadot to the list of supported assets on Coinbase
Tanzania Shows Optimism About Adopting Cryptocurrency
The Tanzanian Central Bank has stated that it works closely with the country’s president, Samia Suluhu Hassan, towards adopting cryptocurrencies. According to reports, the president had issued a directive urging relevant stakeholders to prepare to accept cryptocurrencies. The recent show of
El Salvador’s Opposition Party Files Lawsuit Claiming Bitcoin Law Unconstitutional
After creating history by becoming the first country to accept Bitcoin as legal tender, El Salvador is off to a rough start. The bold move made by the country’s president, Nayib Bukele, has been facing opposition on many fronts. The most
Thailand Bans Meme Coins and NFTs
The Thailand Securities and Exchange Commission (SEC) has banned crypto exchanges from offering services related to trading meme coins, fan-based tokens and non-fungible tokens. The move comes amidst a heavy crackdown on cryptocurrencies and digital assets around the world. The new
China Blocking Search Engine Results For Crypto
https://twitter.com/btcinchina/status/1402558454225465344 China’s FUD about cracking down on cryptocurrencies does not seem to be slowing down. After suspending Weibo crypto accounts recently, the country has gone a notch higher to block search engines from showing the results of major crypto exchanges. Various sources
El Salvador Considers Paying Workers in Bitcoin
https://twitter.com/1077Fuego/status/1404821535660167168 After passing a bill that will make Bitcoin a legal tender, the El Salvadorian government has gone a step further by considering paying salaries in Bitcoin. Last week, the crypto community got exciting news about El Salvador’s position on Bitcoin in
El Salvador Remittance Firms Hesitant To Adopt Bitcoin
El Salvador has made headlines in the past two weeks after its legislature passed a bill approving Bitcoin as legal tender. This means that Bitcoin would be used as legal tender in the Central American country alongside the U.S. dollar. Among
FCA Extends Deadline For Crypto Exchanges
The Financial Conduct Authority (FCA) has yet again extended the Temporary Registrations Regime (TRR) deadline for crypto firms. The end date has been pushed from July 9, 2021, to March 21, 2022. The TRR was established in December 2020 and focused
Starling Bank Suspends Crypto Exchange Deposits
Recently, United Kingdom-based Starling Bank suspended crypto exchange deposits, blaming it on the increased level of financial crimes with crypto payments. However, the bank, in its latest announcement, stated that it plans to resume such service by late June. The bank’s spokesperson