Cryptocurrency

The CHIPS Act: Strategic Re-shoring of Semiconductor Production The CHIPS Act represents the Biden administration’s flagship reform aimed at restoring semiconductor manufacturing to U.S. soil, backed by $39 billion in federal grants and subsidies, in addition to billions more for loans and R&D. Major players such as Intel, TSMC, Samsung, and Micron have qualified for…

VanEck’s Bitcoin Projection: $3 Million in Sight by 2050 Matthew Sigel, the digital assets research lead at VanEck, has issued a groundbreaking projection for Bitcoin’s future. In an interview with CNBC, Sigel shared that VanEck’s predictive model suggests Bitcoin might soar to $3 million by 2050, provided it solidifies its position as a global reserve…

With just over two weeks remaining until the U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is neck-and-neck across seven crucial swing states, according to a survey by The Washington Post. Harris holds a narrow lead in Georgia with 51% compared to Trump’s 47%. Meanwhile, Trump is slightly…

Cryptocurrency investors seem increasingly confident that Donald Trump, the Republican candidate, will win the upcoming U.S. presidential election in November. According to a recent Bloomberg analysis, Bitcoin’s bullish trend appears closely tied to political expectations among investors. Despite a brief pullback, Bitcoin (BTC) has posted a significant 12% gain over the past week, as reported…

The cryptocurrency market kicked off the week on a positive note, with a strong rally in the price of major tokens. However, the Bitcoin surge was not as favorable for traders, particularly those who had opened short positions. In the last 24 hours, short-sellers have incurred losses amounting to $143.13 million. Overall, the market saw…

In the United Arab Emirates (UAE), cryptocurrency transfers and conversions are now exempt from VAT, marking a significant move toward embracing digital assets. The UAE Federal Tax Authority (FTA) recently announced amendments to its regulations under Cabinet Decision No. (100) of 2024. Notably, the law update is applied retroactively, covering activities from January 1, 2018.…

As another week closes in the volatile world of cryptocurrencies, Bitcoin has managed to maintain its position above $60,000 despite fluctuations. In this analysis, we provide a comprehensive overview of the most critical developments in the Bitcoin mining industry over the past week. The mining business has seen several noteworthy developments. One key trend is…

This Friday, the US employment data for September was released, and it brought great news for equity investors. The job gains in the month far exceeded expectations, which in turn triggered a rise in Bitcoin during the early hours of the trading day. In September, non-farm payrolls saw a total increase of 254,000 jobs, a…

Bitcoin cloud mining presents an enticing opportunity to generate passive income by leveraging the power of cryptocurrency mining without the need to manage cumbersome hardware setups. As the cryptocurrency landscape evolves, it becomes increasingly crucial to choose a reliable and efficient mining platform. This comprehensive guide reviews the top five Bitcoin cloud mining platforms in…

The United Kingdom has registered its first-ever conviction for the illegal operation of cryptocurrency ATMs. The individual responsible, Olumide Osunkoya, pleaded guilty on Monday to running an unregistered network of cryptocurrency ATMs across the country, processing millions in transactions despite being denied registration by the UK’s Financial Conduct Authority (FCA) in 2021. The FCA revealed…