Bitlux, a leading private aviation company based in Boca Raton, Florida, has disclosed an industry-leading trend: the use of cryptocurrencies for approximately one-third of its flight bookings. This adoption reflects a significant move towards digital payment methods in the luxury travel sector. Since the beginning of 2021, Bitlux has completed almost 1,000 occupied flights and...
Recent developments have cast a shadow over the cryptocurrency industry, with the United States Securities and Exchange Commission (SEC) issuing multiple subpoenas to parties connected to the Ethereum Foundation. This action, reported by Fortune on March 20, 2024, has ignited fears that Ether, Ethereum’s native cryptocurrency, might be reclassified as a security—a move that could...
On March 19, 2024, United States-based Bitcoin exchange-traded funds (ETFs) recorded their most significant outflow to date, as Bitcoin’s value plummeted, briefly touching $62,000. This mass withdrawal amounted to $326 million across ten funds, underscoring the escalating investor concern amidst the cryptocurrency’s price volatility. Grayscale’s Bitcoin Trust (GBTC), the largest of these ETFs, saw a...
In the wake of a particularly tumultuous weekend for cryptocurrencies, Bitcoin has started to claw back its losses, showing signs of recovery. The leading digital currency experienced a sharp decline but has since begun to rebound, with investors and analysts closely watching for signs of a sustained resurgence. The past week’s economic developments have cast...
NFPrompt, an AI-driven platform for art and NFT trading, backed by Binance, has experienced a significant security breach, resulting in a notable downturn in its associated token’s value. The FBI is currently investigating the incident, which involved unauthorized access to the NFPrompt treasury, user accounts, and administrator wallets. Following the attack, the NFPrompt team took...
Russia’s nickel and palladium miner Nornickel, through its digital arm GPF Investments, has launched a new type of digital financial asset (DFA) on the Atomyze blockchain platform. This financial product encompasses a diverse basket of metals, including gold, palladium, platinum, copper, and nickel, the miner said in its press release. Based in the resource-rich Arctic...
In a move that escalates the ongoing conflict between the Nigerian government and cryptocurrency exchange Binance, officials have demanded detailed transaction records for the country’s top 100 users over the last six months. This request, which also seeks information on Binance’s compliance with tax obligations, signifies an intensification in the scrutiny faced by the global...
In the run-up to the anticipated Bitcoin halving event, the cryptocurrency mining sector has seen unprecedented profits, with miners’ daily revenue hitting all-time highs. Data from CryptoQuant reveals that on March 7, Bitcoin miners’ daily earnings soared past $78.6 million, breaking the previous record set in April 2021 during the last crypto bull run. This...
BlockDAG has recently made headlines with its innovative approach to the $2.17 billion cryptocurrency mining sector, as revealed in their latest keynote. This strategic development introduces a new era in crypto mining, aimed at democratizing the process through the use of smartphones. Leveraging Kaspa’s technology, BlockDAG promises enhanced speed, safety, and scalability in the crypto...
Bitstamp, a prominent European cryptocurrency exchange, has recently received in-principle approval from the Monetary Authority of Singapore (MAS) to operate within the city-state. This approval marks a significant milestone for Bitstamp, positioning it as the first crypto exchange with a major presence in the European Union (EU) to secure such acknowledgment in Singapore. With the...
