PEPE (PEPE) has been holding its position as the third-largest meme token in terms of market capitalization, but has been losing value since May 5. The digital currency hit $0.00000431 per unit on May 5, and since then, its value has plummeted by 60% in USD terms. Bitcoin.com News noted on May 8 that the
Bitcoin
In 2010, Gavin Andresen, a former Bitcoin developer, discussed the project with Satoshi Nakamoto, the inventor of Bitcoin. Among the topics covered were Andresen’s concerns about Bitcoin’s scripting language and the potential for network spam. Andresen’s Concerns During the conversation, Andresen expressed his apprehension about Bitcoin’s scripting language, stating that its complexity could be a
Bitcoin (BTC) experienced a drop in value at the start of the week due to the latest nonfarm payrolls report. The report showed an increase in jobs added to the U.S. economy, which many believed justified the Federal Reserve’s decision to hike interest rates by 0.25%. As a result, BTC/USD fell to an intraday low
New York State Attorney General Letitia James has put forth a proposal for landmark legislation to regulate the cryptocurrency industry. This proposal aims to provide protection for investors, consumers, and the broader economy. The proposed bill, titled “Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act,” is considered the strongest and most comprehensive set of regulations
Sergey Lavrov, the Russian Minister of Foreign Affairs, has stated that there is a growing understanding about increasing the use of national currencies in settlements between the member states of the Shanghai Cooperation Organisation (SCO). The statement was made following discussions with counterparts in Panaji, the capital of the Indian state of Goa. To achieve
Binance, the cryptocurrency exchange, has had an interim proprietary injunction set aside by the United Kingdom high court. The injunction was issued after a victim of cryptocurrency fraud claimed to have traced the stolen funds to accounts held with Binance. The claimant had sought the preservation of a certain amount of cryptocurrency, but Binance argued
Bolivia has passed a law that allows the government to sell up to 50% of its gold reserves in dollars, as a measure to ease the internal scarcity of dollars. The law gives the government the authority to negotiate the sale of 22 tons of gold out of the almost 44 available in the local
The US banking industry has faced chaos in recent months after the second, third, and fourth-largest bank failures in the country’s history. Despite this, Fed chairman Jerome Powell has stated that the US banking system is “sound and resilient.” However, financial expert Greg Foss believes that Powell is a “horrible poker player” and that there
Intelion Data Systems, a major Russian importer and distributor of mining hardware, has reported that the Russian Federation has the potential to increase its leadership in the field of crypto mining. As countries such as the United States, Canada, and China begin to toughen policies towards the industry, there may be a major migration of
Billionaire Bill Ackman, CEO of Pershing Square Capital Management, has voiced concerns over the US regional banking system and warned that time is running out for the government to fix the banking system. Ackman has pointed the finger at the Federal Deposit Insurance Corporation (FDIC), blaming the agency’s “failure” to update and expand its insurance