Category: Latest news

[ad_1] The Ministry of Culture and Information in Kazakhstan recently blocked access to prominent crypto exchange Coinbase and select online brokerage websites, including the New York Mercantile Exchange (NYMEX), local media reported on Nov. 7. The actions are grounded in Kazakhstan’s stringent “Digital Assets Law,” a comprehensive piece of legislation that governs the issuance and…

[ad_1] The recent analysis of Bitcoin Inscriptions reveals a substantial uptick in activity and interest, a trend that carries notable implications for network performance and user costs. Between Aug. 10 and Nov. 6, 2023, the total count of Bitcoin Inscriptions escalated from 22.66 million to 38.27 million, with Text/BRC-20 inscriptions – which allow for embedding…

[ad_1] Quick Take Bitcoin’s inflation rate, currently sitting at about 1.750%, is expected to reduce by half to approximately 0.875% upon the next halving in April 2024. The upcoming reduction in Bitcoin’s annual increase of supply created an interesting point of comparison with Ethereum, which experienced significant changes in its own rate after transitioning to…

[ad_1] Quick Take The Reserve Bank of Australia’s (RBA) recent decision to increase their interest rate from 4.1% to 4.35% – the first rise since May 2023 – presents an intriguing trend in contrast to the anticipated actions of the Federal Reserve and other Western central banks. Australia’s Consumer Price Index (CPI) inflation currently persists…

[ad_1] Quick Take This week saw an unexpected upsurge in the Bitcoin mempool transaction count. The increase has been primarily driven by a new wave of Inscriptions, which has pushed the 7-day moving average transaction count above 70,000. Graph showing the 7-day moving average mempool transaction count from November 2022 to November 2023 (Source: Glassnode)…

[ad_1] Proof Group, part of the Fahrenheit consortium that acquired bankrupt Celsius Network, has shown interest in the potential relaunch of FTX, Bloomberg reported, citing people familiar with the matter. The investment firm is reportedly exploring potential partnerships with other entities to secure the acquisition of FTX. Proof Group is a prominent Silicon Valley company…

[ad_1] The supply of Binance’s USD (BUSD) stablecoin has declined by more than 90% to under 2 billion after peaking at an all-time of nearly 23 billion in November 2022, according to CryptoSlate’s data. BUSD supply sits at around 1.88 billion as of press time. Graph showing the supply of BUSD in 2023 (Source: Glassnode)…

[ad_1] Quick Take Historical analysis reveals a fascinating pattern between Bitcoin’s (BTC) risk profile and the market performance of altcoins. The Bitcoin Risk Signal, a measure of the potential for a significant drawdown in Bitcoin’s price, is currently at ‘0,’ indicative of the least risk. Over the past year, there have been four instances of…

[ad_1] The U.S. Security and Exchange Commission (SEC) is facing challenges in recruiting cryptocurrency experts, a problem partly attributed to its own policies, as highlighted in a recent agency document. That document, published in October and modified Nov. 2, is titled The Inspector General’s Statement on the SEC’s Management and Performance Challenges. It indicates that…

[ad_1] In a significant development that echoes the broader trend of AI integration across various industries, Microsoft announced that its gaming brand, Xbox, has announced a multi-year partnership with Inworld AI. According to the announcement, this collaboration aims to utilize the power of Generative AI to create dialogue and narrative tools for game development. The…