Author: Atis. Sh

Per the Senate report, Australia needs to amend its laws to include cryptocurrencies and compete with the crypto market outlooks in the United States, United Kingdom, and Singapore. The Senate report indicated that there is a need for Australia to facilitate crypto mining activities through licensing crypto exchanges and providing tax discounts.  The report which was published on October 20 by the Senate’s Committee on Australia as a Technology and Finance Centre also urged that there needs to be a detailed guideline as to under what circumstances can banks refuse to undertake clients that are working in the crypto industry. …

Oil and gas companies have petitioned Russian officials to allow them to mine cryptocurrency with natural gas by salvaging it from going to waste in the process of drilling for oil.  The Russian Central Bank, Ministry of Industry and Trade, and Ministry of Digital Development are reportedly considering the authorization of requests from industry players to use natural gas for crypto mining, according to an article from Kommersant dated October 20. Natural gas that is found on top of oil reserves is referred to as “associated petroleum gas.” Because extracting and shipping that gas is generally unprofitable, oil drilling frequently…

Bitcoin (BTC) is steadily moving towards everyone’s expectations – going off the charts! Since the last few trading sessions, Bitcoin (BTC) price has been on a rampage. It has already surpassed $66,000 as a new all-time high. At the time of writing, the biggest cryptocurrency was trading for roughly $66,040. Bitcoin (BTC) had reached an all-time high before, particularly in mid-April of 2021 where the price topped $64,900. Apart from Bitcoin (BTC), the market cap of cryptocurrencies has surpassed $2.7 trillion, notwithstanding the price surge of other cryptocurrencies as well.  Ethereum (ETH) has also incurred a considerable surge by breaking…

From a hospital unit manager and a pediatric nurse, Josh Dorgan quit his day job to become a full-time crypto trader as he realized the worth of diving into cryptocurrencies. “These Out-of-Work Americans Tell Us Job Market Turmoil Is Anything But Transitory”, an article published on the 14th of October includes the details of how Josh Dorgan quit his job to trade cryptocurrencies. Dorgan revealed how his crypto trading began Bitcoin (BTC) in 2017 during his lunch breaks to Bloomberg Businessweek’s Katia Dmitrieva and Jill R Shah.  Dorgan told Insider that he saw a news report that Bitcoin (BTC) had…

Reportedly, Novi Wallet has been debuted by Facebook in a limited trial phase. Per the press release issued early Wednesday, Facebook has completed the rollout of Novi Wallet in a bounded pilot version.  The Novi wallet app will be offered to a small group of clients in Guatemala and the United States during its pilot phase. The trial will service the U.S.-Guatemala remittances corridor, where 56% of people lack access to banking and financial services, according to David Marcus, CEO of Novi. Monetary funds that are sent to individuals by relatives and friends overseas account for more than 14% of…

The rise of Shiba Inu (SHIB) to 15% has prompted an inquiry into the influences behind the Dogecoin (DOGE) nemesis; turns out, there is another driver in play aside from Elon Musk.  Apart from the misconstrued Elon Musk recent tweet as “Shiba Inu to the Moon,” causing Shiba Inu (SHIB) prices to rise, Santiment has revealed another important explanation for the 15%increase in the meme coin. Elon Musk, the CEO of Tesla and SpaceX yet again proved that he can still turn tides when wanting to boost prices of coins via Twitter, when early on Monday he tweeted an animal…

Amid the rise of cryptocurrencies, concerns over regulating the crypto market are piling up from both private businesses and regulatory agencies.  A number of local companies have petitioned New York State Governor Kathy Hochul to revoke permits for the conversion of the city’s outdated fossil-fuel power stations into crypto mining hubs. The letter-request was signed by representatives from a variety of organizations, enterprises, and labor unions. The contents of the letter urge a review for assessing the environmental factors of Proof-of-Work mining of cryptocurrencies in New York State as well as imploring the Governor to halt on approving the permit…

After the Securities and Exchange Commission (SEC) approved Bitcoin (BTC) Exchange Traded Funds (ETF), Grayscale plans to leverage the newfound opportunity to convert its Bitcoin (BTC) trust into an ETF. The CEO of Digital Currency Group subtly insinuated that Grayscale, its subsidiary company is working on making a spot-settled Bitcoin (BTC) ETF out of its Bitcoin (BTC) trust.  Preston Pysh, the avid Bitcoin (BTC) observer, previously critiqued the decision of the SEC to approve Bitcoin (BTC) Exchange-Traded Funds (ETFs) via Twitter. On the same persistence, while Pysh inquired about when the big change is happening, Silbert simply replied “Stay tuned.”…

The latest announcement of the SEC for the approval of the Bitcoin (BTC) Futures ETF has caused a staggering surge in the crypto market cap! Bitcoin (BTC) hit 60k which signifies the first time since the April surge after the Securities and Exchange Commission (SEC) announced that it will approve the first Bitcoin (BTC) futures ETF. This announcement had a positive impact on the whole crypto market.  These surges were fed by speculations that the SEC was ready to give the green light on the Bitcoin (BTC) ETF sometime during the following week.  The crypto market capitalization was $2,194 trillion…

Elon Musk is holding out hope that he can extend life on Mars as his Dogecoin Worth skyrockets.  Elon Musk, recently crowned the world’s richest man, now has a net worth of roughly 209 billion dollars which translates to 861 billion Dogecoins (DOGE). As Elon Musk expects that this money will eventually be enough to bring humans to Mars, other DOGE enthusiasts hold out hope of DOGE being the currency on Mars. Matt Wallace, a Dogecoin (DOGE) YouTuber, has gone to the trouble of converting Elon Musk’s riches into DOGE. As per Wallace’s tweet, the USD net worth is comparable…