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  • US Sues Binance Crypto Exchange and CEO Changpeng Zhao Over ‘Web of Deception’ as Bitcoin Tumbles

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    US regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending Bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint, filed in a federal court in Washington, D.C., listed 13 charges […] More

  • Intel Discontinues Production of Bitcoin Mining Chip Series After Crypto Market Rout

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    Chipmaker Intel said on Tuesday it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the cryptocurrency market hurt some chip companies including Nvidia, whose high-end graphics chips became popular for crypto mining. Intel expects to stop taking orders for the series, called Blockscale, by October […] More

  • Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent

    Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent

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    El Salvador, that has been criticised by the IMF for legalising Bitcoin as a payment option, is reportedly witnessing a drop in the usage of the cryptocurrency. The economy of the central American nation, that depends largely on remittance incomes, has recorded a significant fall in BTC-based remittances. Data from the Salvadoran Central Reserve Bank […] More

  • Bitcoin, Ether Stick to Risen Prices Despite Minor Dips, Crypto Market Remains Shaky

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    The crypto market is undergoing a high-priced volatile period, with majority cryptocurrencies recording profits as well as losses within a matter of only a few hours. Bitcoin reflected a small loss of 0.40 percent on Wednesday, April 12. Despite the minor dip, BTC continues to trade at its nine-month high price point of $29,894 (roughly […] More

  • Bitcoin, Ether Slip with Minor Losses, Crypto Market Remains Volatile

    Bitcoin, Ether Slip with Minor Losses, Crypto Market Remains Volatile

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    The global crypto market recorded a subtle period of small fluctuations throughout this week. Bitcoin, the world’s oldest cryptocurrency, stepped into the treading rink with a loss of 0.24 percent on Friday, April 7. At the time of writing, the value of BTC stood at $28,015 (roughly Rs. 22.9 lakh). In the last 24 hours, […] More

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