Category: Bitcoin News

The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has said it stands by its story and called on the central bank to provide facts to disprove its report. Central Bank Says Report Contains ‘Destabilising Innuendos’ The Nigeria central bank has rejected reports it had devalued the local currency to 630 per dollar and branded the report in the Daily Trust “fake…

PRESS RELEASE. Two new products which could change the way society interacts with the digital world may be released soon. Apple Reality Pro and Apple Glasses are the products in question, and they could be announced by Apple as early as June. If the release does happen, Over the Reality (OVER) has plans of integrating this technology to help further its position as a pioneer in the field of AR. OVER empowers users to immerse themselves in a new digital era by fully utilizing Apple’s AR capabilities, bridging the gap…

Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy. Commencing on June 26, 2023, users residing in these four countries will no longer have the option to purchase or trade these privacy coins on Binance’s trading platform. Binance to Delist 12 Privacy Coins in Spain, France, Poland and Italy Binance has recently informed its customers in France, Spain, Italy, and Poland via email that it intends to remove…

Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin Trading at Lower Rates on Binance Australia Australians traded bitcoin (BTC) and other cryptocurrencies at discount on Binance Australia compared to other exchanges operating in the country on Tuesday. The price difference has been attributed to a popular domestic payment provider’s decision to quit processing withdrawals…

Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis Refute SEC’s Claims of Unregistered Securities, File Motion to Dismiss In January 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Gemini and Genesis for allegedly offering unregistered securities to American customers. The SEC complaint alleges that “through this unregistered offering,…

In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August 5, 2021, just below conventional ETH transfers, is the Opensea platform, which has contributed to the burning of 230,050 ETH. More Than $6 Billion in Value Destroyed Since EIP-1559 Back on August 5, 2021, a significant event occurred in Ethereum’s history with the…

China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation, and the ongoing impasse over the debt ceiling. U.S. Credit Rating Suffers Downgrade by Chinese Credit Agency Amidst Debt-Ceiling Issues China’s Chengxin International Credit Rating (CCXI) has joined the chorus of credit agencies expressing concern over the United States’ credit rating. Following earlier warnings from Moody’s, S&P, and Fitch…

Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty, already at an unprecedented level of 49.55 trillion, seems poised to breach the 50 trillion threshold within five days. Although the process of mining bitcoin (BTC) has become increasingly challenging, the hashrate has maintained an average rate of 364 exahash per second (EH/s) during the last 2,016 blocks. As of May 26,…

During a virtual discussion with Twitter’s proprietor Elon Musk on Wednesday, governor Ron DeSantis of Florida declared that he is throwing his hat into the ring for the presidency of the United States in 2024. DeSantis will confront the reigning president Joe Biden in addition to the existing presidential candidates: Donald Trump, Robert F. Kennedy Jr., Nikki Haley, and Vivek Ramaswamy. DeSantis Reveals Presidential Aspirations Florida’s incumbent Republican governor, Ron DeSantis, has set his sights on the presidency, announcing his candidacy for the next U.S. election. Challenging the current Democratic…