Santa Monica Opens Bitcoin Office, Plans October Festival
The municipal council of Santa Monica unanimously approved the office on July 11, and its webpage went live on August 8. The City of Santa Monica, California, established a Bitcoin Office to educate residents, identify potential economic opportunities, and consolidate the city’s position as a center for Bitcoin innovation. Proof of Workforce is a nonprofit […]
Grayscale Shows Increased Optimism for Bitcoin and Ethereum
Grayscale Research expects Bitcoin to reach its all-time high and other crypto assets to rise if the US economy avoids a recession. Grayscale, an asset management firm, has forecasted positive growth for Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies driven by macroeconomic factors. While assets saw a decline last month compared to first-quarter numbers, the […]
China Shifts $2B Ethereum Seized In Ponzi Scheme
On Wednesday, hundreds of wallets transferred $2 billion Ethereum seized by Chinese police in 2021 when authorities cracked down on the Plus Token ponzi scheme. Today, hundreds of Ethereum (ETH) wallets that had been inactive for over three years have recently resumed operations, facilitating the transfer of huge amounts of ETH. The Chinese police confiscated this Ether […]
California County to Enact State Laws on Bitcoin ATMs
Chico, California, relies on state and local regulations to regulate Bitcoin ATMs to limit fraud and transparency. The city of Chico, California, believes that state-level legislation and local rules will work together to regulate Bitcoin teller machines or ATMs properly. Andy Pickett, the chief administrative officer at the County of Butte, addressed the ongoing attempts to […]
Bitcoin Nears Death Cross Formation
Bitcoin is nearing a death cross formation, where its 50-day moving average is about to fall below the 200-day moving average, according to Barchart. Bitcoin’s (BTC) imminent formation of an ominous death cross is predicted by Barchart. An ominous formation emerges when the short-term gains of the largest cryptocurrency surpass its long-term gains. Specifically, this […]