One of the most common narratives in the Bitcoin space is that it is completely uncorrelated with other financial markets. The reason is that cryptocurrency is largely separate from normal economic trends, and this makes it easy for many people to think that Bitcoin is not affected by, say, a recession. However, over the past …
The average transaction cost of Bitcoin has fallen below the price of $ 1 or around 14 thousand IDR, and has returned to levels not seen since before halving. According to data from the BitInfoCharts crypto analytics website, from May 20 to June 14, Bitcoin transaction fees (BTC) fell 91% from $ 6.65 to $ …
One startup unicorn cryptocurrency, Coinbase, reportedly provided assistance to the United States government through partnerships with the Drug Enforcement Administration (DEA) and the United States Reveneu Service (IRS). This is a collaborative project involving DEA and IRS, as well as other companies, such as Chainalysis, Elliptic, CipherTrace who took part in this project to help …
Former deputy governor of China’s central bank, Wu Xiaoling, said in an interview with local news media outlets that Bitcoin is perhaps the most successful use of the blockchain so far. Despite the government’s anti-crypto attitude and unwillingness to regulate cryptocurrency, China’s central bank, and other high-ranking officials have acknowledged and made efforts to raise …