Amidst the clampdown on Bitcoin miners from China, the difficulty rate drops to nearly half of the latest peak in May 2021.
Notably, ARK also made another tangible investment into the shares of the only publicly listed crypto exchange Coinbase.
SoftBank has made enormous investments into the crypto space recently. For example, it has invested $200 million in a Brazilian company Mercado Brazil.
Bitcoin has been battling with tech, commodities, and ESG to emerge as one of the most popular trades over the last few months. This happens even as BTC price comes crashing down 50% from its all-time high.
Tennessee city’s Jackson Mayor Scott Conger has said that the only vital way through which the economy can be saved from the growing inflation is via adopting Bitcoin as an early form of payment.
The gradual acceptance of crypto among customers across the globe has not gone unnoticed by PayPal.
Cambridge’s study reveals how China’s anti-crypto stance has made the country fall back by 75% in their mining activities, while Kazakhstan has emerged as the third leading contender for crypto mining services.
TBD will be joining other Square lines of businesses including Cash App, Square Seller, and the Tidal streaming service.
A recent industry report shows that the fund-of-fund unit for the banking giants will help in onboarding crypto strategies for portfolio managers who actively trade in cryptocurrencies.
Reportedly, the Paraguay Bitcoin bill seeks to regulate crypto ownership and registration, as well as mining and trading.
The second-largest cryptocurrency prices went below $2K as US Inflation is surfing ahead and breaking all records.
Goldman Sachs further reiterated how the crashing Bitcoin value can still be beneficial for the exchange in the long term business and termed it as a tactical trade for the exchange.
With a majority of MicroStrategy’s treasury in Bitcoin, Capital Group has increased its exposure to cryptocurrency.
While the British Police crackdown was one of the biggest targeting the organized crime industry, there have been investigations and unearthing of frauds at the individual level too.
Coinchange’s High Yield Account which is scheduled for launch on July 30 will enable users to lock their USDC and receive an annual percentage yield of up to 25%.