Norway Begins CrackDown on Crypto Data Centers

Moving forward, Norway will closely monitor the activities of data centers located within its territory. This action comes in response to the country’s recent announcement of plans to introduce new legislation that will oversee the data center industry. According to a recent local news article, Norway’s Digitalization Minister, Karianne Tung, announced that this is the … Read more

Crypto Investment Products Registered $126M in Outflows Last Week, What’s Next?

Last week, investors pulled money out of cryptocurrency investment funds more than they put in, amounting to a withdrawal of approximately $126 million. This came as market sentiment towards Bitcoin and other digital currencies remained uncertain, with prices fluctuating significantly. (Data from CoinShares) Despite an increase in trading volumes from $17 billion to $22 billion … Read more

Toncoin (TON) Surges 18% amid Expectations of Major Announcements at TOKEN2049 on April 19

Recently, Toncoin (TON), the cryptocurrency linked to The Open Network, has defied expectations, surging by over 18% in an unexpected development. This growth occurred even as the broader crypto market experienced a downturn, making TON’s performance all the more noteworthy. Additionally, recent updates enhancing its utility have likely contributed to this price increase. Toncoin Shining … Read more

Ethereum Whales Display Unwavering Confidence: Continue ETH Accumulation despite Recent Dip

Large investors holding Ethereum (ETH) have been actively purchasing the coin in large quantities recently. This buying surge occurred after a general price drop for most cryptocurrencies, including Ethereum, over the weekend. Before the stock market decline, analysts believed Ethereum was set to regain its prior record-high price. But unexpectedly, the coin dropped significantly, reaching … Read more

Bitcoin Goes Pro: UFC Winner Wants $300,000 Bonus Paid In BTC

The use of Bitcoin is rapidly growing in various industries, including sports, where it is becoming a norm. Evidence of this is seen with a UFC champion requesting his winnings to be paid in Bitcoin, highlighting Bitcoin’s rising influence in the sports world. Bitcoin Becomes Price Of Choice For UFC Winner Renato Moicano, a successful … Read more

UK to Roll Out New Crypto and Stablecoin Legislations in July

The UK government intends to pass new laws this summer to oversee the creation and application of cryptocurrencies and stablecoins within the country. This information was shared by the Economic Secretary, Bim Afolami, during the Global Summit on Innovative Finance held on April 15, 2024. According to a CoinDesk report, Afolami announced that these regulations … Read more

Crypto Miner Moves $3M Worth of BTC after 14 Years of Inactivity

A Bitcoin wallet that had been inactive for more than 10 years, belonging to an early miner named Satoshi, has recently become active again. As indicated by Blockchain records, this wallet just moved approximately $3 million in Bitcoin, making it the first transaction since April 2010. At the time this article was released, the person … Read more