Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the...
Year: 2023
Musk on ‘Massive Incentive’ to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases, and More — Week in Review
Twitter CEO Elon Musk has shared what he calls a “massive incentive” to get money out of bank accounts, noting...
‘The Future of Digital Payments Lies in Web3 Payment Services’ Says Robert Miller of Fuse
Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits such as lower...
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian...
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any...
Twitter’s New CEO Is Crypto Follower and NBCU Veteran Linda Yaccarino
Elon Musk has named Linda Yaccarino as the next CEO of Twitter. The new executive is already attracting controversy and...
Ordinals and BRC-20 will disappear in a matter of months, says JAN3 CEO
The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according...
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the...
Gallup Poll: Americans’ Preference for Real Estate, Crypto Plunges — Fondness for Gold Skyrockets
A recent Gallup Poll reveals a significant decline in the percentage of Americans favoring real estate as their preferred long-term...
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May...
Can memecoins be used as real currency?
Memecoins can be used as a form of currency, although their acceptance and stability may vary. What are the ethical...
‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
The United States Congressional Budget Office (CBO) has predicted that the U.S government's annual deficits will “nearly double over the...
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power...
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage...
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of...
