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9,404 Crypto Mining Devices Seized by Iranian Authorities Since March
25.8.2022
Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto mining rigs were operating in public locations that receive free or heavily-subsidized electricity, such as schools and mosques. Iran Confiscates Nearly...
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020
22.8.2022
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20 years after meeting parity with the dollar in mid-July. The dollar’s recent brawniness has resulted in the largest weekly rise since...
Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch
21.8.2022
While gold’s been teetering along at just under $1,750 per ounce, the price of silver has dropped considerably, sliding 2.33% in value against the U.S. dollar during the last 24 hours. Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite...
Yuga Labs Officially Releases IP Rights Tied to Cryptopunks, Meebits NFTs — Galaxy Digital Report Criticizes BAYC License
20.8.2022
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has officially released the intellectual property (IP) rights tied to the Cryptopunks and Meebits NFTs. The company acquired the IP rights to the NFT collections in mid-March 2022, and owners can...
Recreating MDN’s Truncated Text Effect
28.7.2022
It’s no secret that MDN rolled out a new design back in March. It’s gorgeous! And there are some sweet CSS-y gems in it that are fun to look at. One of those gems is how card components handle truncated …
Recreating MDN’s Truncated Text Effect originally published...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’
27.7.2022
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes...
Strawweight Luana Pinheiro Becomes First Female UFC Fighter to Be Paid in Bitcoin
27.7.2022
On Wednesday, the cryptocurrency payments service company Bitwage announced that the Ultimate Fighting Championship (UFC) strawweight Luana Pinheiro will be the first female UFC fighter to be paid in bitcoin. Pinheiro’s boyfriend, a UFC flyweight fighter, started getting paid in bitcoin last...
Bitcoin’s Mining Difficulty Slides 5% Dropping to Levels Not Seen Since March
22.7.2022
On July 21, 2022, at 2:14 p.m. (ET) at block height 745,920, Bitcoin’s mining difficulty dropped by 5.01% outpacing the last two epoch changes. The latest downward shift makes it 5% easier to find blocks than it was during the past two weeks, and roughly 8.77% easier since June...
Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in 2 Months
10.7.2022
Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down...
US Treasury Delivers Crypto Framework to Biden as Directed in Executive Order
10.7.2022
The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued in March. U.S. Treasury Secretary Delivers Crypto Framework to Biden The U.S. Department of the Treasury...
Bitcoin price builds best weekly candle since March despite new DXY peak
8.7.2022
The U.S. dollar is breaking out yet again, adding to misgivings about the authenticity of Bitcoin's surge to $22,400
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...
Ethereum Classic Declines; Will ETC Go Below March 2021 Levels?
5.7.2022
Ethereum Classic has been surrounded by controversy that led to the birth of the hard fork ETH, which now ranks as the second-largest cryptocurrency network offering multiple services. Despite ETC offering similar advantages, it has failed to replicate the success of its hard fork rival. In...
Tether continues to reduce commercial paper in sharp reduction since March
1.7.2022
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far
XRP Takes Support From March 2020 Levels; Downtrend Halted?
16.6.2022
XRP, the Ripple Labs flagship child, now has faced a huge negative momentum. The ups and downs seen on XRP haven’t yet been mindboggling since the token had failed to create a new all-time high despite the bullish momentum seen on all cryptocurrencies. XRP made its all-time high of $3.84 in January...
Bitcoin price needs to close above $29,450 for its first green weekly candle since March
5.6.2022
It's touch-and-go for BTC bulls this Sunday with a tenth red weekly candle still at stake
This classic Bitcoin metric is flashing buy for first time since March 2020
2.6.2022
The "Investor Tool" is now telling the market that "outsized returns" are due for anyone who buys Bitcoin now
Bitcoin price bottom signals flash as 'fear and greed' index matches March 2020 lows
25.5.2022
On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out
Analysts note parallels with March 2020: Will this time be different?
18.5.2022
Analysts across crypto and traditional stocks have taken notice of the similarities between what happened in March 2020 and market moves so far this month
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
17.5.2022
Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have...