Bali's Crypto Crackdown Targets Tourists as Bitcoin Payments Banned on the Island

Bali’s Crypto Crackdown Targets Tourists as Bitcoin Payments Banned on the Island

As per the reports, the utilization of Bitcoin and other cryptocurrencies for transactions is now prohibited in Bali, Indonesia. Bank Indonesia, the central bank of the nation, had already restricted the use of cryptocurrencies as a payment mechanism in 2021. The objective of the prohibition on Bitcoin payments in Bali is to discourage tourists from utilizing virtual currency to buy …

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MicroStrategy Q1 2023 Revenue Soars and Bitcoin Strategy Still in Play

MicroStrategy Q1 2023 Revenue Soars and Bitcoin Strategy Still in Play

MicroStrategy’s Q1 2023 financial results are in, revealing that the company has returned to profitability. At $147.8 million, total revenue for the quarter was up 2.6% compared to that of 2022, generating a gross profit of $122.5 million – which is an impressive 82.9% gross margin. Even after all the ups and downs, they have still kept their Bitcoin strategy …

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UniSat Wallet's Bitcoin Ordinals Extension Under Siege by Numerous Double-Spend Attacks

UniSat Wallet’s Bitcoin Ordinals Extension Under Siege by Numerous Double-Spend Attacks

The Bitcoin Ordinals, a renowned add-on to the UniSat Wallet, has reportedly experienced a considerable number of double-spend attacks. Several individuals have expressed their concerns about the issue through social media, stating that their transactions were being reversed and their funds were being stolen. The UniSat Wallet team has acknowledged the problem and is currently taking the appropriate actions to …

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Bhutan's Bold Move: Investing Millions in Bitcoin and Other Cryptocurrencies

Bhutan Investing Millions in Bitcoin and Other Cryptocurrencies

Bhutan, a South Asian country recognized for its conservative financial practices and prioritization of Gross National Happiness, has garnered attention for its foray into the world of cryptocurrency.  The Bhutanese government has invested in multiple cryptocurrencies, such as Ethereum, Dogecoin, and Bitcoin, with the total amount of investment undisclosed. ‘ Reaction to this Move Bhutan’s decision to invest in cryptocurrencies …

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Bitcoin Surges Past $30K Mark as Federal Reserve's Outlook Changes

Bitcoin Surges Past $30K Mark as Federal Reserve’s Outlook Changes

Bitcoin experienced a significant surge on Tuesday, surpassing the $30,000 mark for the first time since June 2022. This notable increase was attributed to market expectations of a more lenient Federal Reserve in the coming months, as well as an overall improvement in sentiment for the crypto space. Bitcoin Breaks $30k At the time of writing this article, the world’s …

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DBS Exchange Defies Crypto Winter as Bitcoin Trading Surges 80% in 2022

DBS Exchange Defies Crypto Winter as Bitcoin Trading Surges 80% in 2022

The crypto winter of 2022 has not deterred trading on the DBS Exchange, as the platform has seen an impressive 80% surge in Bitcoin trading. The Singapore-based exchange, which is owned by DBS Bank, has managed to remain resilient amidst the market volatility, continuing to attract users and volume. Factors behind the success of DBS Exchange The exchange’s success can …

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Bitcoin ATM Operator Files for Bankruptcy with Debts of $100M-$500M

Bitcoin ATM Operator Files for Bankruptcy with Debts of $100M-$500M

Coin Cloud, a leading Bitcoin ATM operator, has filed for bankruptcy with liabilities estimated between $100 million and $500 million. This sudden turn of events has come as a shock to the cryptocurrency community and raises questions about the stability of the industry. Founding and growth as a leading Bitcoin ATM operator Coin Cloud was founded in 2014 and has …

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Argo Boosts Bitcoin Mining Efficiency by 14% in January

Argo Blockchain, listed on various stock exchanges such as London Stock Exchange, OTCQX, NASDAQ and ETR, reported that it mined 168 Bitcoin or its equivalents in January, representing a 14% rise from the previous month. The information was shared in the latest update from the London-based cryptocurrency mining firm. The rise in mined Bitcoin was mainly due to fewer reduced …

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MicroStrategy's Q4 Report Drags Bitcoin Down

MicroStrategy’s Q4 Report Drags Bitcoin Down

On Thursday, MicroStrategy, a business intelligence firm, announced its eighth straight quarter of losses but remains committed to keeping Bitcoin on its balance sheet. The value of Bitcoin dropped to $23,439 after the publication of the Q4 financial results. Despite this, shares of MicroStrategy increased by nearly 10% to $300 on Thursday, although it traded below $280 in pre-market hours. …

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Bitcoin Soars to Record Heights with its Best January in Last 10 Years

Bitcoin Soars to Record Heights with its Best January in Last 10 Years

The world’s largest cryptocurrency, bitcoin, has experienced a strong start to 2023 after a rough 2022. It has risen 40% in January, marking its best January performance in a decade since 2013.  The overall crypto market has seen an increase of $280 billion this month, with major players like bitcoin and Ethereum leading the charge with a 40% rise. In …

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