Bitfarms Addresses Riot Platforms’ Suggested Board Alterations Bitfarms has issued a response to Riot Platforms following the latter’s public letter addressing recent changes to its board of directors, describing these modifications as a beneficial initial step but indicating that further changes are necessary. Mining company Bitfarms has reacted to an open letter from Riot Platforms […]
Bitcoin, the first and most well-known cryptocurrency, has gained significant attention since its creation in 2009 by an anonymous individual or group known as Satoshi Nakamoto. It revolutionized the financial landscape by introducing a decentralized currency that operates on a technology called blockchain. This article aims to explore how Bitcoin works, its significance, and the […]
Bitcoin Faces Delay as It Remains 10% Down Post-Halving Bitcoin’s recent price performance has raised concerns among traders, with popular analyst Peter Brandt offering a candid evaluation of the situation. Observations from Peter Brandt Bitcoin (BTC) is experiencing a historically slow recovery, failing to achieve a new all-time high after its latest halving, as noted […]
Understanding the Impacts of Pi Network on Users and Their Relationships While cryptocurrencies can offer opportunities for profit, they may also lead to addiction, straining personal relationships. A South Korean student, YSM, who chose to remain anonymous, shares his family’s challenges stemming from their involvement with an app named Pi Network. Despite YSM’s skepticism regarding […]
The cryptocurrency landscape continues to evolve, with new trends and dynamics shaping the market every year. In 2023, one notable phenomenon is the rise and popularity of meme coins—alternative cryptocurrencies inspired by internet humor and social media trends. But where do these quirky coins fit into the broader narrative of cryptocurrency in 2023? This article […]
Former Mt. Gox CEO Announces Launch of EllipX Crypto Exchange in Europe Mark Karpeles, the ex-CEO of the now-defunct Mt. Gox cryptocurrency exchange, is set to introduce a new cryptocurrency exchange named EllipX in September. Based in Poland, EllipX will initially focus on serving users across Europe, with future plans for global expansion. The platform […]
Bitcoin, the first and most well-known cryptocurrency, revolutionized the concept of money and financial transactions by introducing a decentralized system. This fundamental principle of decentralization is what separates Bitcoin from traditional currencies and banking systems. In this article, we will explore how decentralization works in Bitcoin and why it is essential for its functionality and […]
Bitcoin Price Forecasts and Market Reactions As Bitcoin trades below $56,000, investors are cautiously assessing risk assets amid ongoing market fluctuations. Nvidia’s Impact on Bitcoin Prices On September 4, Bitcoin (BTC) approached its monthly lows as the cryptocurrency market reacted to a significant downturn in U.S. tech stocks. BTC/USD 4-hour chart. Source: TradingView Data from […]
Surge in Bitcoin ATM Scams: A 1,000% Increase Since 2020 The rapid rise of scams involving Bitcoin ATMs has raised alarms, particularly affecting older individuals. Authorities, alongside industry leaders, are emphasizing the need for awareness and preventive tactics. Reports indicate that scams associated with Bitcoin ATMs in the United States have surged tenfold since 2020, […]
Japan’s Financial Regulator Proposes Lower Crypto Taxes by 2025 The Financial Services Agency (FSA) of Japan has put forth a plan aimed at revising the country’s tax code, which includes a proposal to reduce the tax rate on crypto assets starting in 2025. On August 30, the FSA requested tax reforms specifically addressing the treatment […]
