Day: April 24, 2024

Early Impacts of Bitcoin’s Fourth Halving Examined

Bitcoin’s recent fourth halving event has now been in effect for four days, offering analysts ample data to assess its early impacts on the cryptocurrency’s market dynamics and broader financial implications. As anticipated, the halving has significantly reduced Bitcoin’s supply inflation rate. Previously, each Bitcoin block, mined approximately every ten minutes, produced 6.25 BTC. Post-halving, […]

Block Introduces Bitcoin Conversion for Square Users

Block, the payments company formerly known as Square Inc. and led by Jack Dorsey, has unveiled a new feature that significantly simplifies the process of acquiring Bitcoin for retail businesses. This innovation allows stores utilizing Square’s technology to convert a portion of their daily sales directly into Bitcoin, integrating seamlessly with Block’s consumer-oriented Cash App. […]

Puffverse Shifts to Ronin with New Game and Funding

Puffverse, a prominent gaming initiative utilizing NFT characters on Binance’s BNB Chain, is making a significant transition to the Ethereum-based Ronin network. This move coincides with the announcement of their upcoming play-to-earn party game, PuffGo, which aims to merge traditional gaming fun with blockchain technology’s rewards. In conjunction with this strategic migration, Puffverse has successfully […]

Solana Meme Coins Defy Market Downturn

The global cryptocurrency market cap has recently experienced a minor setback, declining by 2.30% to stand at $2.4 trillion. This correction encompasses Bitcoin, Ethereum, and the rest of the top 10 most capitalized cryptocurrencies following a slow start to the week. Despite the broader market downturn, certain tokens on the Solana blockchain, notably the meme […]

Hong Kong Approves Bitcoin, Ethereum ETFs

Hong Kong’s Securities and Futures Commission (SFC) has made a significant move in the cryptocurrency market by officially approving several spot Bitcoin and Ethereum exchange-traded funds (ETFs). This development marks a notable advancement in the accessibility of cryptocurrency investments in the region. The approved ETFs include products from ChinaAMC, Harvest, and Bosera HashKey, with the […]

Confusion Over Nigeria’s Crypto Directive

Nigeria’s central bank recently found itself at the centre of a controversy involving major cryptocurrency platforms such as Bybit, KuCoin, OKX, and Binance. Reports emerged claiming that the Central Bank of Nigeria (CBN) had issued a directive to regulated financial institutions to monitor and report transactions related to these platforms. However, the CBN swiftly denied […]

Space Nation Online’s Beta Woes

Space Nation Online, a promising sci-fi blockchain MMORPG, has recently entered its closed beta phase, offering participants a glimpse into what the future of gaming might hold. Founded by industry veterans Jerome Wu and Tony Tang and backed by director Roland Emmerich, this Los Angeles-based venture combines the allure of space exploration with the cutting-edge […]

IRS Form Sparks Fear in the Crypto Industry

A recent draft version of IRS Form 1099-DA has stirred significant anxiety across the cryptocurrency landscape. This form, scheduled for mandatory use by 2025, has introduced a potential requirement for American decentralized finance (DeFi) users to report their self-custodial wallet addresses to the federal government. The essence of this development is the inclusion of a […]