On the 1st of August, 2017, a user-activated softfork (UASF) called Segregated Witness (SegWit) marked the end of a long-battle that became known as the blocksize war. The blocksize war was a battle over bitcoin’s protocol rules. It was fought between two camps: The small blockers and the large blockers.
The Israeli government is banning cash payments above $4,400 or 15,000 Shekels for individuals beginning 1st of August 2022. Businesses are limited to cash transactions of $1,760 or 6,000 Shekels. These efforts are made in an attempt to boost digital payments.
A clip of a recent interview of Michael Saylor talking about Ethereum gained traction on Twitter over the weekend. In the clip Saylor states that Ethereum, according to him, is a security that was advertised as a decentralized cryptocurrency.
In a recent interview with Bloomberg News, the Finance Minister of El Salvador Alejandro Zelaya doubled down on the country’s bitcoin bet. In September last year the government of El Salvador made bitcoin legal tender.
Babel Finance, a Hong Kong based bitcoin and crypto lender, reportedly lost 8,000 bitcoins trading customer funds in June. Combined with altcoins, the company lost $280 million in customer funds during the cascade of liquidations that happened when bitcoin fell from around $30,000 to $20,000 last month.
Celsius, the crypto lending platform that recently filed for chapter 11 bankruptcy proceedings, sent out an email yesterday stating that customer email addresses were leaked in a data breach related to customer.io. The email states: “We are writing to let you know that we were recently informed by our vendor Customer.
The Bureau of Economic Analysis has rolled out its report on the second quarter of 2022 Gross Domestic Product (GDP) which shows a decrease at an annual rate of 0.9%. This marked the second consecutive quarter of the United States having negative economic growth.
Turkey’s year-over-year inflation rate hit 78.62% in June, sparking worries that the country might slip into hyperinflation, which is traditionally defined as an inflation rate of 50% per month.
Paxful is a peer-to-peer bitcoin marketplace that allows users to buy and sell bitcoin without using a centralized exchange. In countries where governments have made bitcoin illegal, users frequently resort to buying bitcoin on black markets or peer-to-peer exchanges.
Earlier this week president Nayib Bukele announced in a Tweet that he submitted two bills to secure funds for a government bond buyback. The plan is to buy back sovereign bonds that mature in 2023 and 2025.