Bitcoin drops as ‘sugar rush’ from Miami crypto event fades | The Straits Times

Since peaking at just above US$48,000 in late March, Bitcoin – and other tokens – has been dragged lower by concerns about tighter monetary policy. Inflation in the United States likely accelerated to 8.4 per cent in March, the fastest pace since early 1982, economists surveyed ahead of data due on Tuesday predicted. The token traded […]

Bitcoin drops, Ether falls amid broad crypto dip – The Straits Times

SINGAPORE , with Bitcoin sliding towards the US$60,000 level and Ether touching one of its lowest levels this month. He also cited concerns about China continuing its regulatory crackdown. New tax reporting requirements for digital currencies are part of the US$550 billion infrastructure bill that United States President Joe Biden just signed into law. It […]

Bitcoin still concentrated in a few hands, study finds – The Straits Times

However, by using a data collection method that differentiated between addresses belonging to intermediaries and individuals, NBER researchers were able to find that the former controlled about 5.5 million Bitcoin at the end of last year, while the latter controlled about 8.5 million. Such a high concentration could make the Bitcoin network vulnerable to a […]