Retailers are Buying Bitcoin (BTC) at the Fastest Rate in Bitcoin’s History

Retailers are Buying Bitcoin (BTC) at the Fastest Rate in Bitcoin’s History

Onchain trackers reveal that retailers purchasing 1 BTC or less are ramping up at the fastest pace in Bitcoin’s history. Retailers are Ramping Up on Bitcoin In a tweet shared on July 20, an analyst noted that the current rate of retail Bitcoin acquisition was in early 2018 levels when prices were trending at around the $20k…

Workers in volatile economies most likely to take pay in crypto: Report

Workers in volatile economies most likely to take pay in crypto: Report

There has been an increase in employee crypto payments for the first half of this year despite the market crash, according to Deel. Residents in nations with volatile economies are more likely to receive their pay in crypto, according to global hiring platform Deel.  In its “State of Global Hiring Report” shared with Cointelegraph on…

Global Bitcoin mining ‘one of the most sustainable industries globally,’ BTC Mining Council claims

Global Bitcoin mining ‘one of the most sustainable industries globally,’ BTC Mining Council claims

Based on a Q2 2022 BMC survey, the efficiency of miners has increased by 46% year-on-year and by 5,814% compared to 8 years ago. The use of sustainable energy in Bitcoin (BTC) mining reached 59.5% globally in Q2 2022, a 6% year-on-year increase from Q2 of last year, the Bitcoin Mining Council (BMC) estimates. This…

Senator Cynthia Lummis Says US Officials Need More Time To Digest Crypto Regulation Before Signing Bill

Senator Cynthia Lummis Says US Officials Need More Time To Digest Crypto Regulation Before Signing Bill

Senator Cynthia Lummis says voting for the bipartisan crypto bill she helped introduce in June is unlikely to happen until next year. In a new interview aired during the Bloomberg Crypto Summit, Lummis says only a part of the proposed Responsible Financial Innovation Act (RFI) bill could go through the banking committee this year. “The part that…

The World Economic Forum is now hiring a blockchain and cryptocurrency lead

The World Economic Forum is now hiring a blockchain and cryptocurrency lead

The World Economic Forum (WEF) has joined the growing list of major organizations turning their attention to the future that includes an increasing role in the cryptocurrency industry and digital assets such as Bitcoin (BTC). Indeed, the international non-governmental and lobbying organization funded by its 1,000 member companies has recently posted a job ad on July 19, in which…

World’s largest telecom company AT&T to educate users on digital assets

World’s largest telecom company AT&T to educate users on digital assets

In an effort to keep its business and users up with the times and prepare for the future that increasingly includes cryptocurrencies, the largest telecom company in the world, AT&T Inc. (NYSE: T), has organized a special session in which two experts will discuss the innovation and security challenges involved with them. Titled ‘Securing Your Digital Assets Today…

New UK Treasury Minister Proposes New Regulations for Stablecoins

New UK Treasury Minister Proposes New Regulations for Stablecoins

U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins. The bill, presented at Parliament on July 20, 2022, gives the Bank of England the power to limit the reach of the Financial Conduct Authority in regulating payments systems using digital settlement assets or providers…

Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’

Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’

Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 basis points (bps) on July 26. Blackstone’s Private Wealth Solutions expects the Fed to raise the rate by 75 bps and bankrate.com…