Tag: Bitcoin

Republican Congressman Pete Sessions has come out with a unique claim that the impact of Bitcoin mining can have a positive impact not only on Texas but also on the entire United States. The renowned Bitcoin proponent and Texan representative, took the boldness to Twitter on March 22 stating that Bitcoin mining would play a […]

Malaysia’s Ministry of Communications and Multimedia is pushing a crypto agenda that will appeal to the country’s youth population. According to the local news channel, The Star, Datuk Zahidi Zainul Abidin, the Communications Minister said at a presentation at the Dewan Rakyat, the lower chamber of the Malaysian parliament, that he wishes the government will […]

Bitcoin has been known to be used for illegal means on many occasions and this has been a major concern for regulatory authorities in recent years. It is important to note the United States President Joe Biden has partnered with leaders from over 30 nations to bring down the illicit use of cryptocurrencies.  In such […]

The Crypto market has seen massive adoption in the past few years with heavy institutional and individual funds inflowing. These inflows into crypto investment funds have seen a sharp spike last week, hinting that investors are widening their exposure to virtual assets despite the ongoing crypto market and geopolitical uncertainty along with monetary tightening from governments. […]

Despite Bitcoin’s (BTC) three-month fall and the ongoing Russia-Ukraine crisis, crypto mining firms in the United States remain devoted to boosting their hash rate with more hardware. Boosting the Bitcoin hash rate is the primary aim  Marathon Digital Holdings and GEM Mining, both United States-based Bitcoin mining firms, announced that they aim to extend their operations […]

Despite the ongoing tensions brewing along its borders with Russia, lawmakers in Ukraine have passed a law that legalizes digital currencies, a move that has sparked accolades in the global cryptocurrency ecosystem. As reported by News18, the Ukrainian Parliament – Verkhovna Rada – passed the bill with 272 votes to make history as one of […]

The Central Bank of Russia (CBR) has commenced the trials for its Central Bank Digital Currency (CBDC) dubbed the Digital Ruble. As announced by the apex financial institution, two out of the initial crop of 12 banks that volunteered to join the trials successfully completed a full cycle of the new form of money transfers […]

The digital currency ecosystem is currently experiencing a bullish resurgence, a move that has pushed the broad crypto market cap back above the $2 trillion benchmarks according to data from Coingecko. While this figure is far below the $3 trillion it once printed last year, it returns hope to the broader ecosystem as a whole […]

Singapore’s largest banking firm, DBS is mulling the idea to expand its crypto or more specifically, its Bitcoin trading services to retail investors or customers alike. The plan was unveiled by the bank’s Chief Executive Officer, Piyush Gupta at the financial institution’s Q4 earnings call, noting that the bank is working on its plans to […]

Despite the crypto market bleeding, Bitcoin (BTC) network has reached a new all-time high hash rate of 248.11 TH/s on February 12, further protecting the decentralized ecosystem through a growing network of worldwide BTC miners. The hash rate is a measure of how much computational power a miner’s computer needs to confirm a transaction. By discouraging bad […]

This week has seen tons of NFT and metaverse adoption in the crypto industry, along with the market acting sluggish with blooming hopes. We at TheCoinRise are here to summarise it for you. Major Funding round Confirming TheCoinRise December’s report that indicated that many venture Capitalists want to invest in the leading Layer-2 scaling solution Polygon; it has raised $450 million in […]

The Grammy winner and famous American rapper Aubrey Drake Graham, also known as Drake, recently revealed that he has put $1.26 million in BTC on the upcoming Super Bowl match between the Cincinnati Bengals and the Los Angeles Rams. Drake believes in Odell Beckham Jr. The rapper has put around $471,000 for the Rams to […]

The Canadian division of the professional services network KPMG has added Bitcoin (BTC) and Ethereum (ETH) to its company treasury, joining a growing list of prominent organizations that have converted a portion of their fiat holdings to cryptocurrencies. KPMG Canada’s decision to include Bitcoin and Ether on its balance sheet underscores the firm’s opinion that digital assets […]

Jack Dorsey, co-founder and CEO of Block, previously Square, talked about the BTC-powered universal basic income (UBI) with Aarika Rhodes, the US congressional candidate and a full-time elementary school teacher. Dorsey pointed out the lack of transparency in the current financial system and said: “Obscurity of information forces and incentivizes people to negative (financial) behaviors […]

This week has seen tons of regulatory actions in the crypto industry, along with the market going up and blooming hopes. We at TheCoinRise are here to summarise it for you. Bitcoin is currently up by more than 9% on the daily chart, notably the founder of investment firm SkyBridge Capital, Anthony Scaramucci, predicted that it will […]

Senator Rafael ‘Ted’ Cruz of Texas, who pushes Congress for crypto adoption, is putting his money in the biggest cryptocurrency in the world. Cruz purchased between $15k and $50k worth of Bitcoin (BTC) on January 25 using the River brokerage, according to a financial report filed on Friday. Bitcoin was trading between $36k and $37k […]

MicroStrategy, the renowned Bitcoin (BTC) investor, has revealed another major BTC purchase, making a total of 125,051 Bitcoin holding as of Monday. MicroStrategy purchased 660 BTC for about $25 million in cash between December 30, 2021, and January 31, 2022, according to an official form submitted with the U.S. Securities and Exchange Commission (SEC) on Tuesday. According […]

Despite the fact that the Central Bank of Russia (CBR) has continued to receive an enormous backlash on its proposed plan to ban Bitcoin (BTC) and cryptocurrencies, the apex bank is unrelenting in its push. As reported by local media channel Vc.ru, the CBR is contemplating banning cryptocurrency mining at the very least, even if […]