Bitcoin News

Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report

Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks to Block Cryptocurrency Websites Pakistan’s Federal Investigation Agency (FIA) is seeking to block websites…

Bitcoin News

$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge

During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across 258,536 NFT buyers this week, the NFT collection Meebits…

Bitcoin News

Survey: Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin

The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below Global Average According to the…

Bitcoin News

Ukraine Demonstrates How Bitcoin Can Transform Developing Countries

The growth of bitcoin adoption in Ukraine offers a template for other countries where people seek dependable stores of value. This article describes the failure of centralized planning and government interventions in developing countries from the perspective of the Austrian school of economics. Numerous institutional and financial problems prevent ordinary citizens from achieving financial stability…

Bitcoin News

Massive Bitcoin Outflows Rock Crypto Exchanges As Charts Signal Extreme Bullish Winter

Bitcoin continues to exude strength despite the price being 38% below its all-time high. This strength is however being attributed to several reasons that experts argue are key recipes in igniting a sustained bull run this winter. Bitcoin Outflows Surge One glaring development has been the abrupt rise in Bitcoin outflows this week. According to…

Bitcoin News

What Bear Market? Analyst Highlights Three Bullish Catalysts For Bitcoin In 2022

The Crypto market bulls continue to struggle with bears. But market players have a positive outlook in the near term. So far, three bullish catalysts have been spotted for Bitcoin in the long term. The cryptocurrency market sits in a danger zone as it falters following liquidations from last week. While fear rises, some market…

Bitcoin News

Brazilian Mayor Eduardo On Why He’s Keen On Investing Part Of City’s Treasury Reserves In Bitcoin

The mayor of Rio de Janeiro intends to put 1% of the city’s Treasury reserves into cryptocurrencies. He wants to turn the second-most populous city in Brazil into a hub for cryptocurrency. Rio de Janeiro Mayor Warms To Bitcoin Speaking at a panel during the Rio Innovation week on Thursday, Rio de Janeiro mayor, Eduardo…