A cryptocurrency is a form of digital asset that may be traded freely, independent of a bank or centralized authority. The $1 trillion cryptocurrency industry is now represented by 23,994 different cryptocurrency projects. There are dozens of different cryptocurrencies, ranging from the likes of Ethereum and Bitcoin to Dogecoin and Tether. Although cryptocurrencies have been…
Daily Crypto News- Solana Hits Yet Another All-Time High as Rally Accelerates
El Salvador Has Bought Its First $10 Million of Bitcoin El Salvador has bought $10 million of Bitcoin(BTC), as revealed on the Twitter profile of the country’s president, Nayib Bukele. Bukele stated that the El Salvador government has purchased 200 BTC. The purchase was made in preparation for the country’s plans to make the cryptocurrency…
Singapore Central Bank Selects 15 Retail CBDC Companies
The Singapore Monetary Authority (MAS) has ultimately chosen 15 companies to assist in the development of retail CBDC. These companies will take part in the Global CBDC challenge and contribute to the development of an in-house retail central bank digital currency. Singapore Central Bank Select 15 retail CBDC Companies According to the MAS release, four…
Bitcoin Miners and Oil Producers Meet in Texas to Discuss Mining Possibilities
A meeting in Houston’s car warehouse was a meeting point for oil and bitcoin miners to discuss possible crypto-mining options on the spot last week. More than 200 investors attended a conference to discuss an alliance that would make it possible for oil producers to manage their resources more effectively, while miners could benefit from…
Daily Crypto News- Students Are Now Turning To Crypto To Help With School Expenses
Bitcoin (BTC) Gives A Daily Close Above the Key Resistance, $55,000 In Sight As the altcoin space is looking for some consolidation after a strong rally, Bitcoin (BTC) seems to be gaining momentum. In the last 24-hours, the world’s largest cryptocurrency has gained nearly 4% moving past $51,500 levels. Bitcoin (BTC) gained nearly 8% over…
Govt Plans to Produce a Bill To Treat Cryptos as a Commodity
Three individuals who are aware that the development is being said ET are planning to define cryptos in the new draught bill which also proposes to divide virtual currencies into their use cases. For all purposes, including taxation and for each user’s sake — payments, investment, or utility, cryptocurrencies will be treated as an asset/commodity.…