Posted on

BTC Faucets and Cryptocurrency Regulations: What You Need to Know

Screenshot 2024 02 21 8.27.38 PM scaled e1708565349233

BTC faucets have been around for a while, allowing users to earn bitcoin rewards through micro-earnings. 

As interest in Bitcoin and other cryptocurrencies grows, it becomes increasingly important to understand how these faucets work within the larger framework of cryptocurrency legislation. 

This post provides an overview of Bitcoin faucets and the regulatory landscape that surrounds them.

Continue reading BTC Faucets and Cryptocurrency Regulations: What You Need to Know

Posted on

Wild Day for Bitcoin Traders Amid Unconfirmed US Government Dump Rumors

holding bitcoins 1838262591

the staff of the Ridgewood blog

Ridgewood NJ, crypto markets whipsawed in dramatic fashion yesterday. The day started out with crypto rising sharply on strong earnings in the stock market. BTC then experienced a dramatic crash, dumping from $30,000 to below $28,000, retracing the day’s gains in a single hourly candle. Liquidations neared $200 million over four hours. Although the exact cause is unconfirmed, crypto news alerter “db” reported Mt. Gox and U.S. government wallets making transactions. Market intelligence platform Arkham responded but later deleted their reply, clarifying that the alert was due to a bug fix. After this was confirmed, Bitcoin then regained some ground, marching up above $29,000 again.

Continue reading Wild Day for Bitcoin Traders Amid Unconfirmed US Government Dump Rumors