Compass Mining, a Bitcoin mining company, published a blog article entitled ‘Bitmain Has Changed Its ASIC Design. The blog post ‘Miners Need to be Ready’ highlights changes in Bitmain’s ASIC design. Compass believes that bitcoin mining facility operators need to be aware of changes which could lead to problems. Compass identified three issues with the Antminer S19 (producing 90 […]
Category: Bitcoin News
Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities
Market strategists, economists, and analysts are making predictions about the future of asset prices and performance in 2023. Some forecast that gold and cryptocurrency will perform well while others anticipate less favorable outcomes. On Jan. 27, 2023, in an interview published Thursday, Kitco News Anchor and Producer David Lin spoke with Gareth Soloway, president of inthemoneystocks.com, about the […]
Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law
As part of its budget law 2023, the Italian parliament approved a cryptocurrency tax on Dec. 29. Senators approved a Dec. 24 document that approved 26% aliquots for cryptocurrency gains exceeding 2,000 euros (approx. $2,060 during a tax period Since Dec 1, the draft of the budget law was presented, the capital gains tax for cryptocurrency had […]
Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell
Ledger revealed a brand new hardware wallet that is roughly the size of a credit card. Ledger Stax features an eink touch screen, which can be customized and provides capacitive touch. French-based manufacturer of crypto hardware wallets is known for making wallets like the Nano. Stax also allows users to protect their crypto assets and non-fungible tokens in a […]
The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply
After three major seizures in the last two years, the U.S. government now has a substantial bitcoin stash. In November 2020, the DOJ detailed seized 69,370.22 BTC, which was valued at over $1 billion. The stash seized from ‘Individual X” is now worth $1.36 Billion. On February 1, 2022, onchain researchers noticed 94 636 Bitcoin consolidate in a single address. Two individuals, Heather Morgan […]
Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange
Eurasian Bank, which is based in Almaty, and Intebix, a Kazakhstan-based cryptocurrency exchange, reported that they had conducted what they described as the country’s first crypto-related transaction. This involved a platform for digital asset trading, a bank institution and a customer. The announcement of the deal, which involved cryptocurrency being acquired using local fiat, took place […]
Gary Gensler Asks SEC Staff to Fine-Tune Crypto Compliance – Says ‘Vast Majority Are Securities’
Chairman of the U.S Securities and Exchange Commission (SEC), Gary Gensler spoke about compliance and crypto regulation at Thursday’s SEC Speaks conference by the Practising Law Institute. He stated that the core principles in the SEC’s statutes are applicable to all securities markets, which includes securities and intermediaries in crypto markets. The vast majority of […]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend
As traders responded to July’s nonfarm payrolls reports, Bitcoin was consolidating Friday’s gains to begin the weekend. After the release of data, Bitcoin/USD surged up to an intraday high of $23,422.83 Friday. This sentiment is now somewhat fading, as prices fell to $22,800.36 today. This is because bitcoin bulls decided to liquidate their positions earlier to make […]
Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds
A report on countering illegal activity in Russia’s financial markets reveals that 56% of pyramid schemes in Russian Federation, or 537 entities raised funds in cryptocurrencies or advertised cryptocurrency investments. The paper was published by the Central Bank of Russia ( CBR). RBC Crypto quoted the regulator as saying that sanctions imposed by Russia over the conflict in Ukraine […]
Professional trader hints at ‘sizeable’ upward move as Bitcoin regains support level
After a bearish market that affected most of its assets, the cryptocurrency marketplace flashes yellow. Bitcoin ( BTC is following suit and recording an increase in daily and weekly charts. Experts believe there may be an upward trend in the near future. A professional crypto trader, identified by his Twitter account @CryptoDonAlt has stated his belief that Bitcoin could see a significant […]