Bitcoin and Cryptocurrency News and Updates

Bitcoin has achieved magnificent progress over the past six months as the world suffered from the outcomes of the Covid-19 pandemic. According to reports, the cryptocurrency has nearly tripled since the peak of the pandemic [...] The post Will Bitcoin See an Explosion in the Near Future? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/will-bitcoin-see-an-explosion-in-the-near-future/

Yearn.finance logo [...] The post Yearn.finance surges to $38,104 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/yearn-finance-surges-to-38104/

President Donald Trump’s former White House Chief of Staff Mick Mulvaney is starting a hedge fund. The fund aims to bet on financial services stocks. Hedge fund and its aim The new fund, Exegis Capital, [...] The post Ex-Trump Chief of Staff Mulvaney Launches Hedge Fund appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/ex-trump-chief-of-staff-mulvaney-launches-hedge-fund/

China Construction Bank (CCB) has launched a digital renminbi wallet in its official app, according to 21st Century Business Herald. Reports revealed that users in tested places could register for the wallet, for example in [...] The post China Construction Bank Launches Digital Renminbi Wallet appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/china-construction-bank-launches-digital-renminbi-wallet/

Currencies [...] The post Venezuela Blocks Digital Currency Exchange Airtm appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/venezuela-blocks-digital-currency-exchange-airtm/

The Winklevoss twins wrote a blog post Thursday making the case for Bitcoin to reach $500,000. A bizarre speculation that caused eyebrows to raise, given the dire world economic situation after the COVID-19 pandemic. The [...] The post Bitcoin Hit $500K? Speculators Explain the Reasons appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitcoin-hit-500kspeculators-explain-the-reasons/

Starbucks, a leading American multinational chain of coffeehouses, adopted this week the blockchain technology to track the ‘journey’ of its coffee beans from the farmer that cultivates them, all the way to the branch. Starbucks [...] The post Starbucks Adopts Blockchain Technology for Coffee Traceability appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/starbucks-adopts-blockchain-technology-for-coffee-traceability/

Singapore decided, on 28 August, to adopt the NULS blockchain technology to save the nation from the looming food scarcity. Currently, the island nation imports more than 90% of its food. However, it’s striving to [...] The post Singapore to Use Blockchain to Avoid Food Safety Crisis appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/singapore-to-use-blockchain-to-avoid-food-safety-crisis/

The fiat currency of Argentina, Peso, has been in a flux as of late and confidence in it has dropped to a record low. In this country, long seen as a bastion of prosperity and [...] The post Cryptocurrency Trade Booming in Argentina appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/cryptocurrency-trade-booming-in-argentina/

France is one of the leading economies in the European Union. For this reason, it maintains extensive influence over decisions made at Brussels. Like Russia, it has a global sphere of influence, including its former [...] The post France: Europe’s Burgeoning Blockchain Leader appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/france-europes-burgeoning-blockchain-leader/

In June 2016, the British public voted through referendum for the UK to become independent of the European Union. Three Prime Ministers later, the act was performed on 31 January 2020. The drawn-out process mostly [...] The post How Will Brexit Affect Cryptocurrency Trade in UK appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/how-will-brexit-affect-cryptocurrency-trade-in-uk/

Scotland has made headlines recently as the calls for Scottish independence have resurged in the wake of the Brexit fiasco. The northern nation in the UK has also of late become a global centre for [...] The post Scotland Sees Thriving Digital Currency Market appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/scotland-sees-thriving-digital-currency-market/

Since the days of the Cold War, Russia (then USSR) has been a force to be reckoned with. It did, and of late continues to, consistently challenge the systems of global hegemony. As such, Russia [...] The post The Significance of the Russian Cryptocurrency Journey appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/the-significance-of-the-russian-cryptocurrency-journey/

Despite Morocco’s ban of cryptocurrency trading in 2017, the country is one of Africa’s top four Bitcoin traders, reported Ya Bilady. As more and more African and developing countries institutionalise and adopt cryptocurrency features into [...] The post Morocco’s Cryptocurrency Renaissance appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/moroccos-cryptocurrency-renaissance/

Angola has been in the limelight recently, as reports of corruption at the highest levels have entered the public’s knowledge. Isabel dos Santos, the billionaire daughter of Angola’s former president, reportedly funneled money from numerous [...] The post How Digital Currency Could Help Angola with Corrupt Financial Institutions appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/how-digital-currency-could-help-angola-with-corrupt-financial-institutions/

People know the Bahamas for its alluring coastline, attractive tax regimes, and an island getaway from the hum-drum of daily life. It has also marketed itself as a innovator in Blockchain technology and is at [...] The post The Role of the Bahamas in the Blockchain World appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/the-role-of-the-bahamas-in-the-blockchain-world/

Expressions related to stock market and cryptocurrency are not few and baffling. However, diving into their details and definitions might change the stereotype around them. Cryptolydian reviews more details about margin trading, including its definition [...] The post What is Margin Trading? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-margin-trading/

Tether logo [...] The post Tether Shines in Cryptocurrency Market, Ranks No. 1 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/tether-shines-in-cryptocurrency-market-ranks-no-1/

Russia’s internet censorship agency, Roskomnadzor, blocked a number of Bitcoin-related websites, including BestChange.ru. BestChange is an aggregator of over-the-counter (OTC) cryptocurrency providers in Russia. Head of public relations at BestChange Nikita Zuborev said this is the [...] The post Russia Blocks Websites Related to Bitcoin appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/russia-blocks-websites-related-to-bitcoin/

Fed Chairman Jerome Powell [...] The post Powell Statement Casts Shadow on Bitcoin Price appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/powell-statement-casts-its-shadow-on-bitcoin-price/

Syria is just emerging from an almost decade-long civil war. Forces loyal to President Bashar al-Assad’s regime, anti-Assad guerrillas, and ISIS terrorists all vied for power over Syria’s crucial landscape. Assad’s regime has emerged victorious, [...] The post How Cryptocurrency Added a New Vision to Syria’s Wartime Economy appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/how-cryptocurrency-added-a-new-vision-to-syrias-wartime-economy/

Zimbabwe is notorious for its corruption, poor economic stability, and phenomenal inflation. The African nation came of age in the 1980s, liberated from British colonial rule by the now infamous Robert Mugabe and the ZANU-PF [...] The post Zimbabwe and the Cryptocurrency Question appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/zimbabwe-and-the-cryptocurrency-question/

Lebanon, the Jewel of the Mediterranean, is the subject of various love songs and songs of praise. But ravaged by civil war towards the end of the 20th century, it then emerged as a struggling [...] The post How Cryptocurrency Could Assist Lebanon’s Weakened Institutions appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/how-cryptocurrency-could-assist-lebanons-weakened-institutions/

Exchanges, mining businesses, and fiat on-ramp services are thriving nowadays based on high demand. This week, Xangle Research published a comprehensive report about digital currencies and the environment in Russia in 2020. Hotbed for crypto [...] The post Russia Owns the 3rd Biggest BTC Mining Power in the World appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/russia-owns-the-3rd-biggest-btc-mining-power-in-the-world/

Portugal is a country that has delicious cuisine, sun-kissed beaches, and rustic countryside scenes. It is, however, also one of the more struggling countries in the European Union. The country has been bailed out several [...] The post Why Portugal is a Blockchain Heaven appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/why-portugal-is-a-blockchain-heaven/

FTX logo [...] The post FTX Acquires Portfolio Tracker Blockfolio for $150m appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/ftx-acquires-portfolio-tracker-blockfolio-for-150m/

ChainLink (LINK) continues its uptrend to become one of the fastest and most increased cryptocurrencies of the year. LINK ranked fifth on top 100 cryptocurrencies by Market Capitalization, recording $5.34 billion, according to CoinMarketCap. On [...] The post ChainLink Continues its Uptrend Trading appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/chainlink-continues-its-uptrend-trading/

Australia, known for its scenic landscapes, turquoise oceans, and jovial people, has emerged as a global hub for digital currencies. As more and more capitalists flood money into the Australian cryptocurrency market, and the Australian [...] The post The Australian Cryptocurrency Boom appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/the-australian-cryptocurrency-boom/

BRICS, a developmental collective formed of five developing countries, namely Brazil, Russia, India, China, and South Africa, have all entered stages of legitimising cryptocurrency practices through legislation. Brazil has become the latest of the BRICS [...] The post BRICS Countries Legislate on Cryptocurrency appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/brics-countries-legislate-on-cryptocurrency/

Botswana is a developing African country, located between its much more famous big sister, South Africa, and its economically and politically strained neighbour Zimbabwe. It has, however, become a bastion of smart growth in the [...] The post The Case for Cryptocurrency in Botswana appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/the-case-for-cryptocurrency-in-botswana/

China is taking real steps to launch its national digital currency, “digital yuan”, with plans for use at the Winter Olympic Games 2022 in Beijing. The news comes as China is sloping up pilots for [...] The post China to Launch Digital Yuan at Winter Olympic Games 2022 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/china-to-launch-digital-yuan-at-winter-olympic-games-2022/

Lawmakers in the developing BRICS-country, Brazil, have proposed legislative reforms in order to better regulate the cryptocurrency market, reports Coindesk. Brazil’s official bodies have been ignoring cryptocurrency for a long time, but the proposed regulations [...] The post Brazil Proposes Regulations on Cryptocurrency appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/brazil-proposes-regulations-on-cryptocurrency/

Rising inflation can lead to Bitcoin gains in the US, according to economic reports. US Federal Reserve Chair Jerome Powell will give a speech at the Jackson Hole Economic Policy Symposium on Thursday, 27 August, [...] The post How Can Bitcoin Benefit from Rising Inflation in US? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/how-can-bitcoin-benefit-from-rising-inflation-in-us/

Tokyo District Court ordered the first ever cryptocurrency seizure in the country last week, worth $46,000 of Bitcoin (BTC). The seized cryptoassets related to the Coincheck hack in 2018. The seizure comes after Tokyo police [...] The post Tokyo Court Orders First Cryptocurrency Seizure in Japan appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/tokyo-court-orders-first-cryptocurrency-seizure-in-japan/

The North Korean Lazarus Group organised a cyber-attack campaign targeting organisations in the cryptocurrency vertical in the United States, United Kingdom, Netherlands, Germany, Singapore, Japan, and other countries, F-Secure Corporation revealed Tuesday, 25 August, in [...] The post North Korea’s Lazarus Attacks Cryptocurrency Vertical appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/north-koreas-lazarus-attacks-cryptocurrency-vertical/

What is cryptocurrency? The International Monetary Fund (IMF) published on Sunday, 23 August, a video explaining what cryptocurrency is, which instantly went viral. The IMF referred to cryptocurrency as “a special currency,” since it could [...] The post IMF Says Cryptocurrencies Could Be Next Step in the Evolution of Money appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/imf-says-cryptocurrencies-could-be-next-step-in-the-evolution-of-money/

Fears overshadow the future of cryptocurrency markets following recent gains due to Covid-19, according to some experts. Bitcoin is up 133% since 15 March. Widespread US closures of schools and businesses began at the same [...] The post Covid-19 Causes Bubble Fears as Cryptocurrency Rises Sharply appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/covid-19-causes-bubble-fears-as-cryptocurrency-rises-sharply/

Following announcements on 27 July 2020 by Mostafa Rajabi Mashhadi, a senior executive at Iranian power corporation Tavanir, power plants have been approved to operate as crypto mines. These are subject to government regulations and [...] The post Iran Performs Crackdown on Unlicenced Crypto Miners appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/iran-performs-crackdown-on-unlicenced-crypto-miners/

After a great increase in prices and interest from big global investors, Bitcoin has soared in the African market. Forbes reported that the Bitcoin price in this region, up by 60% this year alone, has [...] The post African Market Witnesses Immense Growth for Bitcoin appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/african-market-witnesses-immense-growth-for-bitcoin/

The burgeoning economy of the developing nation of Mexico shows promising signs as a heaven for cryptocurrency enthusiasts. According to Luis Sosa, a Mexican national who spoke to Coindesk, cryptocurrency offers a more desirable alternative [...] The post Mexico’s Promising Cryptocurrency Market appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/mexicos-promising-cryptocurrency-market/

The process of Bitcoin (BTC) mining used as much energy as would be generated by seven nuclear power plants in 2020. What is Bitcoin Mining? In order to “mine” Bitcoin, people connect their computers, known [...] The post BTC Mining Consumes As Much Energy As Generated by 7 Nuclear Plants appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/btc-mining-consumes-as-much-energy-as-generated-by-7-nuclear-plants/

Stricter taxes on digital currency investments are on the horizon for South Africa. Cryptocurrency traders and owners should be aware of these, warns Mazars South Africa audit division partner Wiehann Olivier. This follows from South [...] The post South Africa Reforms Its Cryptocurrency Programmes appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/south-africa-reforms-its-cryptocurrency-programmes/

Climate change and economic recovery in a post-COVID-19 world could be the starting point to create a more sustainable future. The world is currently investing most of its time and effort in tackling COVID-19 and [...] The post Blockchain Technology to Combat Climate Change appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/blockchain-technology-to-combat-climate-change/

Last year, hackers stole around $292.66m in cryptocurrency through breaching users’ logins, raising concerns about the ability of cryptocurrency wallets to protect money.   With a market capitalisation exceeding $360bn, cryptocurrency investors became more suspicious. [...] The post How Can You Protect Cryptocurrency Wallet From Breaching? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/how-can-you-protect-cryptocurrency-wallet-from-breaching/

Over $50bn worth of cryptocurrency has flown out of China this year, CNBC reported. It prompts concerns that the Asian giant is transferring out more than is permitted. China allows a maximum of $50,000 in [...] The post China’s Cryptocurrency Market Progresses Despite Setback appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/chinas-rising-cryptocurrency-market/

Russia President Vladimir Putin signed Russian crypto bill into law on Friday, according to RIA Novosti. The law will come into force on Jan. 1. 2021. Main Features The new law legalises cryptocurrency, and views [...] The post Russia Legalises Cryptocurrency appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/russia-legalises-cryptocurrency/