U.S. inflation comes in a full 0.3% higher than expected, causing a dollar strength spike and the euro to fall below parity with USD. Bitcoin (BTC) fell $800 in minutes on July 13 as the latest United States Consumer Price Index (CPI) data came in far ahead of estimates. BTC/USD 1-hour candle chart (Bitstamp). Source:...Continue Reading

Saudi Arabia is a significant market for digital currencies with the country’s favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says. The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the...Continue Reading

Bitcoin’s blast off to becoming “space money” takes one giant leap with a satellite full node in Brazil. A Bitcoiner in Brazil has beamed the blockchain from space. Mauricio Cessere, product manager at Ledn and a Venezuelan national, has established the purported first Bitcoin (BTC) satellite full node in Brazil.  The full satellite node that...Continue Reading

The Tesla and SpaceX CEO had flirted with the idea of adding DOGE payments to Twitter. Dogecoin (DOGE) has missed a much-anticipated technical upside target and is down nearly 10% over the past week amid an ongoing spat between Elon Musk and Twitter. Musk hurts DOGE price To recap: Musk, whose companies Tesla, SpaceX, and...Continue Reading

The municipal government pledged to support the enterprises that are discovering the non-fungibles market. China’s biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan.  On July 13, Shanghai’s Municipal Government published the draft of its “14th Five-Year...Continue Reading

The digital gold, aka Bitcoin, has been marked “dead” at least 458 times since 2009. However, BTC proved to be more than alive each and every time. Last year, the word “crypto” was trending all over the internet as the crypto market was generally flourishing.  However, now it appears that the good fortunes of digital...Continue Reading

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months. The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation. Cryptocurrency use in South Africa is in...Continue Reading

“Highly elevated” CPI numbers due in hours as one theory suggests that there is already no more room for Fed rate hikes. Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly elevated” inflation reveal Data from...Continue Reading

Alex Tapscott told Cointelegraph that bear markets lead to great ideas being formed and new businesses being built. Bear markets often result in investors showing extreme fear in tools that measure the market’s sentiments. However, despite the uncertainties during a crypto winter, some prefer to focus on the opportunities that it can bring.  Alex Tapscott,...Continue Reading

The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. Vermont’s Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is...Continue Reading