The Norwegian government decided on Friday to temporarily halt Bitcoin mining as the industry was using too much electricity. Even in wealthy Norway, it has become highly profitable to mine Bitcoin. Crypto Over the years, Norway, especially the northern part of the country, has become a haven for Bitcoin mining companies due to its relatively […]
The Czech Republic’s ruling coalition narrowly avoided collapse this week after a high-profile Bitcoin scandal that began two weeks ago which led to a vote of no confidence against the government. Prime Minister Petr Fiala’s center-right coalition won 98 votes, just ahead of the 94 MPs who voted to bring down the government instead. Donation […]
Iran’s largest cryptocurrency exchange, Nobitex, got hacked yesterday. More than $90 million worth of cryptocurrencies were stolen, with a pro-Israel hacking group claiming responsibility. The cyberattack on the exchange, Nobitex, appeared to be prompted by the ongoing hostilities between Israel and Iran and was immediate front page news in the USA. Nobitex On Wednesday, June 18, […]
Scandal and disgrace according to the international media now that the American government is dropping its investigation into Tron, the crypto company of Chinese magnate Justin Sun, and granting him an IPO instead. Sun invested heavily in Donald Trump’s various crypto companies last year and now seems to be reaping the rewards of that investment. […]
The European version of Bybit is ready to launch. From July 1st, Bybit.eu will officially go live, a fully regulated trading platform for crypto within the European Union. Those who pre-register now will receive a $5 bonus at launch. Sign up here to claim your $5 bonus and pre-register at Bybit Europe. $5 bonus for […]
Metaplanet, the Japanese former hotel developer that now buys Bitcoin in bulk, announced last week that it would take out a 5 billion yen loan to buy even more crypto. Investors in both Asia and Europe responded enthusiastically. Bonds Just as geopolitical tensions are dominating the markets, the stock of one Japanese company is still […]
While the Middle East is burning (due to the expanding war between Israel and Iran) and investors are looking for safe havens, Circle’s stock has continued to rise ever since its IPO a week ago. This shows once again that investors realize that there is a future for stablecoins, the digital currencies whose value is […]
BlackRock, the world’s largest investment fund led by CEO Larry Fink, has already bought so many Bitcoins with its investment fund iBit that it now owns 3% of the entire stash of 21 million. That is more than Satoshi Nakamoto (the anonymous inventor of Bitcoin) and Strategy, the investment company of Michael Saylor. That boring […]
The Israeli attack on Iran, which was preceded by the evacuation of US security personnel in Iraq, sent the stock markets and cryptocurrencies deep into the red on Friday. Once again, geopolitical movements are the main reason for the stock market movements. Bitcoin had a relatively easy time trading above $100,000, a level it has […]
The situation in the Middle East are prompting investors to increase safety (and thus take profits) in their portfolio. Bitcoin is still struggling to break the $110,000 ceiling and is trading below it again. Is this just a brief pause until we set a new ATH or is there more to it? Investors The attacks […]
