Report: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset

A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order... Read more »

Bitcoin is a ‘wild card’ set to outperform —Bloomberg analyst

Bloomberg analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out.  In a Sept.7 post on Linkedin and Twitter, McGlone explained... Read more »

Arthur Hayes is bullish on The Merge, believes ETHPoW will fail

On Laura Shin’s Unchained Podcast, the journalist and BitMex founder Arthur Hayes explained why he changed his view on Ethereum and believes an ETHPoW fork will fail. Hayes explained that utility is... Read more »

Bitcoin Mining Firm Cleanspark Purchases 10,000 Bitmain Miners for $28 Million

The bitcoin mining company Cleanspark revealed on Wednesday that the company has signed a purchase agreement for 10,000 new Bitmain Antminer S19j Pro mining rigs for $28 million. Cleanspark expects the machines... Read more »

Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run

Bitcoin (BTC) crashed below $19,000 on Sept. 6, driving the price to its lowest level in 80 days. The movement not only completely erased the entirety of the 32% gains accrued from... Read more »

Algorand mainnet performance to increase 5x after new upgrade

Proof of stake network Algorand (ALGO) has upgraded its network’s mainnet transaction capacity to 6,000 transactions per second (tps), according to a press release shared with CryptoSlate. The upgrade places the Layer... Read more »

India’s Central Bank RBI Starts Digital Currency Pilot With 4 Banks: Report

India’s central bank, the Reserve Bank of India (RBI), has reportedly asked four banks to pilot the country’s central bank digital currency (CBDC) ahead of its public launch. RBI to Pilot India’s... Read more »

As Bitcoin Loses $19,000, Crypto’s Hopes Rest on the Ethereum Merge

Key Takeaways Bitcoin has slid below $19,000 for the first time since June. The cryptocurrency market has looked rocky for weeks despite a relief rally over the summer. Crypto traders and investors... Read more »

A year of ups and downs

Sept. 7, 2022 marks exactly one year since El Salvador became the first country in the world to adopt Bitcoin (BTC) as legal tender by enforcing the Bitcoin Law. Advocating for Bitcoin... Read more »

Aave votes to pause ETH borrowing following concerns of users trying to maximize ETHPoW airdrops

Aave has voted to suspend Ethereum borrowing ahead of The Merge in a vote that received a 77.87% majority in favor. The governance proposal stated, “A proposal to pause ETH borrowing in... Read more »