Hash Rate is Collapsing Faster Than Bitcoin’s Price

The Bitcoin (BTC) network hash rate has just taken a steep fall and is now below almost 45% from its 2020 peak. On March 1, The network’s hash rate dropped from 136.2 quintillion hashes per second (EH/s) to 7.5.7 EH/s today, March 26, according to data from Blockchain.com.  Coin.dance, another analytics site …

Bitcoin Price On $2 Trillion Stimulus Agreement Inches Higher to $6.7K

On March 25, Bitcoin (BTC) price is raising beside U.S. equities markets, which yesterday marked a memorable 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. The strong relief rally was the only largest daily rally since 1933. This rally also explained that investors foresee that the stimulus …

CoinDCX-An Indian Crypto Exchange, Raises $3 Million in Series A Round

CoinDCX, Mumbai-based India’s largest cryptocurrency exchange, raised $3 million in a Series A funding round was led by Bain Capital Ventures, Polychain Capital, and BitMEX operator HDR Group on March 24. CEO and Co-founder of CoinDCX, Sumit Gupta, said that the funding would provide the means for the exchange to …

BitMEX supports mass liquidation event in BTC Price Crash

Bitcoin (BTC) derivatives exchange BitMEX remains to handle objections after trying to explain a mass liquidation experience through which BTC/USD dropped 60%. In a blog post on March 23, BitMEX asked what it says were “a number of questions” from traders after the event happened 11 days ago. BitMEX insurance fund  BitMEX …

How High BTC Price May Reach, If $6.4K Becomes New Support?

Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200, BTC returned from 21.6% to a new high at $6,375. On March 13, the digital asset has made a remarkable 66% recovery since falling to $3,775, and the majority of altcoins are also indenting double-digit gains. But …

BlockFi – Crypto Lender Firm Raising Interest Rates on BTC and ETH

From April 1, BlockFi- Crypto lender firm is raising interest rates on bitcoin (BTC) and ether (ETH). According to CEO Zac Prince, BlockFi users up to 5 bitcoins now will earn a 6% annual percentage yield (APY) as compared to 3.6% APY currently, while Ether holders for up to 500 ETHs will …

$50M for Indian Blockchain Startups, announced by Binance and Indian Exchange WazirX

Crypto exchange Binance and WazirX — the Indian competitor it acquired in November 2019, have declared a fund proposed at supporting blockchain advancement in India. On March 16, the “Blockchain for India” was announced and to encourage the use and adoption of blockchain technologies in the country. With WazirX, the firm has …

The Coinbase Starts BTC Transaction Batching, saving users more than 50% on network fees

The Coinbase, Major cryptocurrency exchange on March 12, revealed a new feature that significantly decreases the load that Coinbase puts on the Bitcoin blockchain and may save users money more than 50% on network fees. According to a blog post released by the exchange, The Coinbase would begin allowing Bitcoin (BTC) transaction …

How North Korea Laundered $100 Million of Stolen Crypto Through Several Banks and Cryptocurrency Exchanges?

CipherTrace, Blockchain forensics firm has issued a thorough study of how two Chinese citizens, connected with North Korea, Laundered 100 Millions of dollars worth of stolen cryptocurrency. Both are supposed to be linked with the shadowy Lazarus Group, was also found guilty for the Sony breach in 2014, the WannaCry ransomware epidemic …

U.S. Securities and Exchange Commission: Ex-Riot Blockchain CEO Settles in principle for alleged ‘lucrative market manipulation’

John O’Rourke, Ex-CEO of Riot Blockchain, agreed to settle with the U.S. Securities and Exchange Commission (SEC) for $3.5 M above three alleged penny stock pump-and-dump plans, on March 6. The Securities and Exchange Commission posted a letter Tuesday morning declaring that it had entered agreements to settle with three …

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