BTC prepares for a relief rally as bulls take charge
Over the previous day on the BTC chart, the price of bitcoin maintained a support level after bouncing off the $15,400 price mark. Ever since then BTC has been fluctuating around the $16,000 price level over the past 24 hours. Bitcoin is waiting for a breakout as it is now trading sideways following the recovery. […]
Brazilian Government Approves Bill Regulating Crypto Transactions
Before the bill can become law, it still needs to be approved by the executive branch. Even though Brazil hasn’t made Bitcoin legal money like El Salvador did last year, the South American country did pass a law that makes crypto payments legal everywhere in the country. A federal legislative body in Brazil called the […]
Genesis Creditors Hire Lawyers to Prevent Bankruptcy
Bloomberg News says that Genesis is in talks with its creditors and possible investors. People who know about the situation told Bloomberg News on Wednesday that the creditors of Genesis Global Trading have hired restructuring lawyers to help figure out a way to keep the crypto brokerage from having to file for bankruptcy. People say […]
IBM, Maersk to halt activities on supply chain platform TradeLens
TradeLens, a blockchain-based supply chain platform co-developed by the American technology giant IBM and the Danish logistics business Maersk, will no longer be supported and will officially go offline in Q1 2023. On November 29, Maersk said that it has started taking urgent steps to stop using the platform, which should fully take effect by […]
Arrest Warrant For Terraform Labs Founders Surfaces
According to several stories in the media, the co-founder of Terraform Labs is being investigated for allegedly breaking the Electronic Financial Transaction Act as well as obtaining unlawful gains. Yonhap, a newswire agency based in South Korea, is claiming that prosecutors are trying to have an arrest warrant issued for Daniel Shin, who is the […]