Bitcoin ‘Halving’ Spurs Exodus of Old US Mining Computers Abroad

About 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs.Source: Bloomberg Crypto The post Bitcoin ‘Halving’ Spurs Exodus of Old US Mining Computers Abroad appeared first on […]

NFT Sales Tumble 18.57% in 7 Days Amid Broad Crypto Market Retreat

This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with […]

Ethereum Drops Below The 100-Day Moving Average – What’s Next?

The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day […]

EU enacts ban on anonymous crypto transactions via self-custody wallets

The recent Anti-Money Laundering legislation specifically outlaws certain limits for cash transactions and anonymous cryptocurrency payments. In a recent regulatory change, the European Union (EU) has prohibited cryptocurrency transactions of any value made through unidentified self-custody crypto wallets. This update is a component of the region’s newly implemented Anti-Money Laundering (AML) regulations. According to a […]

Top Crypto Stocks to Buy Before Bitcoin Halving!

The post Top Crypto Stocks to Buy Before Bitcoin Halving! appeared first on Coinpedia Fintech News The cryptocurrency industry has displayed a significant increase in price volatility as the market is days away from the upcoming Bitcoin Halving. With the upcoming major event, the crypto market is set to pave the path toward a new […]

Silvergate Bank Faces Legal Battle Over Alleged Role in FTX Fraud

In latest Silvergate Bank news, the fallen bank now faces a class-action lawsuit filed by FTX users, alleging the bank’s involvement in aiding fraud at the now-defunct digital asset exchange and its associated trading firm, Alameda Research. Involvement With FTX San Diego federal court Judge Ruth Bermudez Montenegro, in an order dated March 20, denied […]