LONDON, UK, Monday, April 8, 2024 – A United Kingdom court has frozen $8.4 million (6.7 million British pounds) of assets belonging to Craig Wright, a self-proclaimed inventor of Bitcoin. The order, issued on March 14, stems from a legal battle between Wright and the Crypto Open Patent Alliance (COPA). COPA sued Wright in 2019, […]
New York, Monday, January 22, 20245- In an unexpected twist in the cryptocurrency market, collapsed hedge fund Alameda Research abandoned its lawsuit against Bitcoin fund manager Grayscale, reports said. This resulted in Grayscale shares rising and igniting concerns about a potential Bitcoin price dive. Alameda and Grayscale were locked in a legal battle over the […]
Thursday, April 18, 2024 – Argentina’s market regulator, the Comision Nacional de Valores, imposed a new mandatory registry for Bitcoin and crypto trading in March, Forbes reported. The CNV is the regulatory body responsible for overseeing and regulating the securities market in Argentina. It functions similarly to the Securities and Exchange Commission (SEC) in the […]
BASEL, Switzerland, Thursday, July 4, 2024- The Basel Committee on Banking Supervision (BCBS) announced a series of measures on Wednesday aimed at strengthening oversight of banks’ cryptoasset holdings, managing interest rate risk, and mitigating risks associated with third-party service providers. The framework takes effect in January 2026. The committee finalized a disclosure framework requiring banks […]
New York, Monday, September 09, 2024-Bitcoin ATMs, designed to simplify cryptocurrency transactions, have increasingly become a significant security concern, according to a report by CNBC. While these machines aim to provide easy exchanges between fiat currencies and cryptocurrencies like Bitcoin, their rise has been accompanied by a surge in security breaches and fraudulent activities. The […]
New York, Wednesday, December 27 – The U.S. Securities and Exchange Commission (SEC) faces a crucial deadline on January 10, 2024, to rule on applications from several major players seeking to launch physically-backed Bitcoin ETFs. Experts view that an SEC approval would mark a significant validation for Bitcoin, offering traditional investors an easier way to […]
NEW YORK, Wednesday, April 24, 2024 – The much-anticipated Bitcoin halving event that took place on Friday, April 19, 2024, will also result in a projected $10 billion annual revenue loss, a Bloomberg report claimed. The much-anticipated Bitcoin ‘halving’ event took place on Friday, April 19, 2024, when miners hit that magic 84000 Block This […]
Beijing, China, Tuesday, January 09 – Amidst a dizzying rally in Bitcoin, Ethereum, XRP, and Solana that pushed aggregate crypto market capitalization above $1.6 trillion, China signaled a potential departure from its hardline stance on cryptocurrencies, raising eyebrows and sending ripples through the global digital asset landscape. The shift emerged subtly through a government document […]
New York, Thursday, December 28, 2023 – Bitcoin’s recent surge, from under $20,000 to over $40,000, has ignited speculation about a potential $2 trillion market cap by 2024, multiple reports said last week.They said that fueling the fire are predictions linking the rise to Donald Trump’s potential return to the White House and an expected […]
New York, Wednesday, October 02, 2024-Bitwise, a leading crypto asset manager, has filed for an XRP-based exchange-traded fund (ETF), marking a potential new development in the growing crypto investment space. The filing, confirmed as legitimate by Bitwise to Decrypt, was made with the state of Delaware. This move follows the U.S. Securities and Exchange Commission’s […]
New York, Tuesday, October 01, 2024-BlackRock’s spot Ethereum ETF has reached a significant milestone, surpassing $1 billion in total asset value just two months after its launch. This achievement follows a favorable week of trading, with U.S.-based spot Ethereum exchange-traded funds (ETFs) logging their highest weekly inflows since early August. Friday (27) saw $58.7 million […]
WASHINGTON, DC Wednesday, December 6, 2023: JPMorgan Chase CEO Jamie Dimon reignited his long-standing feud with cryptocurrency, stating he would “close it down” if he held the reins of government. Dimon, who is noted for his vocal criticism of Bitcoin and other digital currencies, doubled down on his skepticism, questioning the legitimacy of the entire […]
Dubai, Tuesday, June 11, 2024 – The June 6 announcement by Bybit, a major cryptocurrency exchange, has sparked widespread speculation that China might be softening its stance on cryptocurrencies. This has created a buzz in the crypto markets, further fueled by renowned author Robert Kiyosaki’s prediction that Bitcoin could reach $350,000 by August 2024. Kiyosaki, […]
Hoboken, New Jersey, Monday, February 19, 2024 – After nearly 18 months of going through the Chapter 11 bankruptcy process, Celsius Network LLC successfully emerged on January 31, 2024. This follows the confirmation of its reorganization plan in November 2023 and analysts say signifies a partial recovery for creditors impacted by the platform’s financial struggles. […]
New York, Tuesday, September 17, 2024-CleanSpark, a U.S.-based Bitcoin mining company, has announced the acquisition of seven mining facilities in the Knoxville, Tennessee area. The purchase is expected to increase CleanSpark’s total hashrate by 22%, significantly expanding its operations. The facilities, bought from Exponential Digital for $27.5 million, will contribute 85 megawatts (MW) of energy […]
CHICAGO, IL February 27, 2024 – CME Group, the world’s leading derivatives marketplace, announced plans to expand its cryptocurrency offerings with the launch of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory approval, a press release said. The new contracts, designed to meet the growing demand for risk management tools […]
SAN FRANCISCO, Friday, June 28, 2024- Cryptocurrency exchange Coinbase is suing the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after both agencies denied requests for public records, the company announced Thursday. “Coinbase, Inc., the largest digital-asset trading platform in the United States, retainedHistory Associates Incorporated to submit Freedom of […]
NEW YORK, NY, Monday, April 8, 2024- Blockchain software company Consensys is disputing the U.S. Securities and Exchange Commission’s (SEC) concerns regarding spot Ether exchange-traded funds (ETFs). In a recent comment letter submitted to the regulatory agency, Consensys addressed the SEC’s inquiries about potential fraud and manipulation risks associated with Ethereum’s proof-of-stake (PoS) system, particularly […]
New York, Sunday, September 15, 2024 –A new Chainalysis report reveals a troubling surge in cryptocurrency-related scams in 2024. The research highlights that 43% of illicit crypto inflows have gone to wallets activated this year, a significant increase from 29.9% in 2022. The report indicates a shift from long-term Ponzi schemes to more targeted frauds, […]
New York, Monday, September 30, 2024-Decentralized finance platform Curve Finance is reportedly considering the removal of TrueUSD (TUSD) as collateral for its Curve USD (crvUSD) stablecoin. This follows concerns within the crypto community about the reliability and transparency of TrueUSD’s reserves. The proposal to delist TUSD is being discussed by Curve’s governance community, which plays […]
SAN SALVADOR, El Salvador, Thursday, December 21 – El Salvador’s Congress has reportedly passed a bill change to the migration law that could expedite citizenship for foreign nationals who contribute donations in Bitcoin to government-led social and economic development initiatives. The measure, backed by President Nayib Bukele’s New Ideas party, received initial approval on December […]
New York, NY, Monday, February, 19, 2024 – With the recent approval of Bitcoin spot exchange-traded funds (ETFs) in the United States many reports said that the next potential could be Ethereum spot ETFs by as early as May 2024. Industry experts speculate that approval could potentially happen as early as May 2024, building upon […]
WASHINGTON, DC, Friday, September 13, 2024 — eToro USA had reached a $1.5 million settlement with the SEC over charges of operating an unregistered broker and clearing agency about its cryptocurrency trading platform, a Reuters report said. This settlement includes the cessation of most crypto asset trading for US customers, allowing only Bitcoin, Bitcoin Cash, […]
NEW YORK, Tuesday, May 28, 2024 – A new report by cryptocurrency data aggregator CoinGecko sheds light on the transaction processing speeds of the largest blockchain networks. The study, released in May 2024, reveals a surprising trend: established giants Bitcoin and Ethereum fall outside the top 15 fastest blockchains. CoinGecko’s analysis examined the actual and […]
New York, Thursday, September 19, 2024 – The US Federal Reserve slashed its benchmark interest rate by 50 basis points, bringing it down to 4.75%-5.00%. This is the first time in four years that the Fed has made such a sharp rate cut. Fed highlighted the decision as a recalibration to protect the job market […]
WASHINGTON, Tuesday, April 09, 2024 – In a move likely to impact the cryptocurrency market, the U.S. government has transferred a significant amount of Bitcoin from a wallet linked to the defunct illegal marketplace Silk Road. On-chain data analysis by blockchain intelligence firms suggests the transfer involved roughly 30,000 Bitcoin, currently valued at approximately $2 […]
LONDON, UK, Monday, February 27, 2024 – Fidelity International, a leading asset manager, announced a significant reduction in the fee associated with its European Bitcoin Exchange-Traded Product (ETP) on Tuesday, joining a growing trend in the European crypto ETP market. The Fidelity Physical Bitcoin ETP (FBTC) will now have a total expense ratio (TER) of […]
WASHINGTON, DC Tuesday, February 20, 2024 –The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released a report on February 13, 2024, highlighting a significant increase in the use of cryptocurrency, particularly Bitcoin, for Online Child Sexual Exploitation (OCSE) and human trafficking. This report, based on Bank Secrecy Act (BSA) reporting data from […]
New York, Friday, August 09, 2024- A US district court has ordered cryptocurrency exchange FTX and its sister company Alameda Research to pay $12.7 billion to fraud victims, marking the largest recovery in the history of the Commodity Futures Trading Commission (CFTC). The ruling was issued by the U.S. District Court for the Southern District […]
New York, Tuesday, October 01, 2024– Crypto exchange Gemini has announced its exit from Canada, instructing all Canadian users to withdraw their assets before December 31, 2024. In a private communication sent on Monday, the exchange, run by the Winklevoss twins, informed its customers that they have 90 days, starting from September 30, to remove […]
New York, NY Tuesday, February 13, 2024 – Bankrupt cryptocurrency lender Genesis Global Capital filed a motion with the U.S. Bankruptcy Court for the Southern District of New York on Friday, seeking approval to sell approximately $1.4 billion worth of shares held in various trusts. The proposed sale includes shares in the Grayscale Bitcoin Trust […]
Dresden, Germany, Tuesday, February 13, 2024 – In a major blow to cryptocurrency activity, German police seized 50,000 Bitcoins worth approximately $2.17 billion, marking the largest cryptocurrency confiscation in the country’s history, reports said last week. The Dresden Police Department, supported by the Federal Criminal Police Office (BKA), the FBI, and a Munich-based forensic IT […]
New York Friday, August 16, 2024- Goldman Sachs has disclosed a substantial $418 million investment in spot bitcoin exchange-traded funds (ETFs) for the second quarter of 2024. The investment bank’s largest position is a $238 million stake in BlackRock’s iShares Bitcoin Trust (IBIT). Additionally, Goldman Sachs holds significant investments in the Fidelity Wise Origin Bitcoin […]
NEW YORK, NY Monday, April 1, 2024 – Goldman Sachs is reporting a resurgence of interest in cryptocurrency options trading among its hedge fund clients, according to a recent interview with Max Minton, the bank’s Asia Pacific head of digital assets. Minton attributes this renewed interest to the recent approval of cryptocurrency exchange-traded funds (ETFs) […]
Stamford, Connecticut Tuesday, February 13, 2024 – Grayscale Investments CEO Michael Sonnenshein urged regulators on Monday, February 5, to swiftly approve exchange-traded fund (ETF) options for Bitcoin spot assets, highlighting their potential benefits for investors and price discovery. In an X post, Sonnenshein argued that listed options on Bitcoin spot ETFs would “equip investors with […]
WINNIPEG, Manitoba, Saturday, July 27, 2024- HIVE Digital Technologies Ltd. It announced on July 23 that it was expanding its Bitcoin mining operations into Paraguay.HIVE’s announcement can be read here. The new facility, expected to consume 100 megawatts of electricity, will double HIVE’s mining capacity. The company says it plans to source power from the […]
HONG KONG, Monday, May 6, 2024 – Hong Kong has launched Asia’s first spot Bitcoin and Ethereum exchange-traded funds (ETFs) on Tuesday, April 30, 2024, HKEX has announced. Six new ETFs, issued by China Asset Management (Hong Kong) Limited, Bosera Funds, and Harvest Global Investments, allow investors to gain exposure to Bitcoin and Ethereum […]
HONG KONG, Friday, July 26, 2024-Hong Kong introduced Asia’s first Bitcoin futures inverse product on July 23, offering investors a way to profit from declines in the cryptocurrency’s price. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, issued by China Southern Asset Management Co., will track the inverse daily performance of the S&P Bitcoin Futures […]
Canberra, Thursday, July 25, 2024- HSBC Australia has abruptly blocked all customer transactions to cryptocurrency exchanges, citing a surge in scam activity. The move, which took effect on July 24, 2024, restricts both bank transfers and credit card payments to crypto platforms. The bank claims the decision is to protect customers from financial losses. The […]
Washington, Tuesday, August 13, 2024– The International Monetary Fund (IMF) said Monday it has made progress in talks with El Salvador on a potential economic aid package. The fund is focusing on fiscal consolidation, strengthening financial reserves, and improving governance. The Statement by the IMF can be reached here. While the IMF continues to evaluate […]
New Delhi, Thursday, September 12, 2024- India remains the top country for cryptocurrency adoption, according to Chainalysis’ 2024 Global Crypto Adoption Index released a while ago.The Chainanalysis report can be seen here. This marks the second consecutive year that India has ranked first, surpassing countries like Nigeria, Indonesia, the United States, and Vietnam. Chainalysis analyzes […]
Monday, November 6: Institutional investments in Bitcoin (BTC) are surging as the U.S. Securities and Exchange Commission (SEC) takes a more favorable stance towards cryptocurrency. The SEC has been taking a more cautious approach to cryptocurrency regulation in recent months, after years of cracking down on the industry. In July, the SEC approved the first […]
Tuesday, June 11, 2024 – DMM Bitcoin, one of the leading crypto exchanges in Japan, reported the theft of $305 million (48 billion yen of BTC) and 4502.9 BTC from its wallet. The following services—new account openings, new buying orders for spot trading, and crypto asset withdrawals—have been temporarily suspended to secure the infrastructure of […]
TOKYO, Friday, July 26, 2024-Metaplanet, a Japanese investment firm, has partnered with Hoseki to independently verify its Bitcoin holdings, a move aimed at enhancing transparency and trust in the cryptocurrency market. Hoseki offers a Bitcoin proof-of-assets verification service, allowing users to prove ownership without compromising privacy, and facilitating transactions like loans, financial statements, and regulatory […]
Washington, Tuesday, September 10, 2024 – Vice President Kamala Harris unveiled her policy positions for her presidential campaign yesterday, but the list notably excludes any mention of cryptocurrencies, reports said. While Harris has committed to supporting “American innovation and workers,” focusing on sectors like artificial intelligence, she has remained silent on the growing cryptocurrency industry […]
NEW YORK, DC, Thursday, August 15, 2024- Marathon Digital Holdings, one of the largest Bitcoin miners, has acquired $249 million worth of Bitcoin following a $300 million note sale aimed at expanding its business. The company announced on August 14 that it used part of the proceeds to purchase approximately 4,144 Bitcoins at an average […]
Tysons Corner, VA, Monday, February 12, 2024- MicroStrategy’s Q4 Earnings Statement also revealed that it had purchased an additional 850 Bitcoins in January 2024 alone. Its total holdings now stand at 190,000, valued at approximately $8.1 billion. Its Q4 2023 earnings statement also reveals that the company had purchased 56,650 Bitcoins throughout 2023 at an […]
New York, Wednesday, September 25, 2024-MicroStrategy’s financial profile could significantly strengthen as the company continues to expand its Bitcoin holdings and explore potential yield-generation strategies through lending, a report by Benchmark said. Reports said that last week MicroStrategy (MSTR) purchased 7,420 Bitcoin for $458 million, bringing its total Bitcoin holdings to 252,220 BTC, valued at […]
TYSONS CORNER, Va. Friday, June 14, 2024- Business intelligence company MicroStrategy announced plans to raise $500 million through a private offering of convertible senior notes. The company intends to use the proceeds to acquire more Bitcoin and for general corporate purposes. Due in 2032, the notes will be offered to qualified institutional buyers and convertible […]
NEW YORK, Tuesday, April 23, 2024- Short sellers betting against business intelligence firm MicroStrategy (MSTR.O) have suffered significant losses in recent months, according to data from S3 Partners. The data, released on April 10, 2024, shows that short sellers have lost an estimated $1.92 billion since March. This comes amidst a rally in the cryptocurrency […]
NEW YORK, Monday, May 6, 2024 – MicroStrategy Incorporated (MSTR), known for its aggressive Bitcoin holdings, reported a net loss of $53.1 million for the first quarter of 2024, as reported in the Q1 2024 Financial Report. This translates to $3.09 per share. The loss stems primarily from a $191.6 million digital asset impairment charge, […]
New York, Monday August 5, 2024-MicroStrategy plans to sell up to $2 billion in class A shares to invest further in Bitcoin and for other corporate purposes, according to a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday, August 1, 2024. The Virginia-based company, led by Bitcoin advocate Michael Saylor, has not […]
TYSONS CORNER, Va., Tuesday, February 7, 2024- Business intelligence firm MicroStrategy surprised analysts by reporting a net income of $89.1 million for the fourth quarter of 2023. MicroStrategy is the largest corporate holder of Bitcoin and the largest independent publicly traded business intelligence company. MicroStrategy has continued its aggressive strategy of acquiring Bitcoin during the […]
NEW YORK, Wednesday, September 18, 2024- MicroStrategy has announced plans to raise $700 million through the issuance of convertible senior notes due in 2028. The company says it intends to use the proceeds from this offering to further expand its Bitcoin holdings. The announcement said that the private placement would be made available to qualified […]
NEW YORK, Monday, May 27, 2024 – Investment bank Morgan Stanley has revealed a $269 million investment in Grayscale Bitcoin Trust (GBTC), a leading spot bitcoin exchange-traded fund (ETF), according to a recent filing with the Securities and Exchange Commission (SEC). Morgan Stanley thus becomes the latest among banks to disclose its crypto assets. The […]
Stamford, Connecticut, Tuesday, March 12, 2024 – Grayscale Investments, the company behind the world’s largest Bitcoin exchange-traded fund (ETF), announced on March 4 the launch of a new cryptocurrency product, the Grayscale Dynamic Income Fund (GDIF). It said the GDIF is a first-of-its-kind actively managed fund for Grayscale, focusing on staking rewards from various Proof-of-Stake […]
Menlo Park, California – Thursday, December 7, 2023 – Robinhood, the trading app of Robinhood Markets Inc, officially launched its crypto trading services in the European Union (EU) on Thursday, December 7. The launch coincides with a strong recovery in the Bitcoin price, which reached a 19-month high in recent times. Robinhood’s crypto platform offers […]
Las Vegas, Nevada, Wednesday, May 8, 2024 – A Bitcoin wallet from the early days of the cryptocurrency, known as the “Satoshi Era,” has awakened after 14 years of inactivity. The wallet transferred 50 bitcoin (BTC), currently worth over $3 million, on April 15. The transaction highlights a recent trend of dormant Bitcoin wallets reactivating, […]
London, Monday, March 4, 2024 – Competition for spot Bitcoin (BTC) funds is intensifying in Europe as established players and new entrants vie for a larger share of the burgeoning digital asset market. The surge in competition within the European Bitcoin market is spurred by several key factors. Notably, growing institutional interest plays a pivotal […]
New York, Tuesday, September 24, 2024-The US Securities and Exchange Commission (SEC) has approved Nasdaq’s International Securities Exchange (ISE) to list and trade options on BlackRock’s iShares Bitcoin Trust (IBIT).This significant move follows months of review and signals growing acceptance of Bitcoin derivatives in the financial sector. BlackRock initially submitted the proposal in March 2024, […]
New York, USA – October 31, 2023: A federal appeals court last week ordered the Securities and Exchange Commission (SEC) to revisit Grayscale Investments’ application for a spot Bitcoin exchange-traded fund (ETF). The court’s ruling is viewed as a substantial win for Grayscale, with the potential to create broad ramifications within the cryptocurrency market. In […]
WASHINGTON, Monday, April 29, 2024 – The Securities and Exchange Commission (SEC) has announced it would begin consultations on potential rule changes governing exchange-traded options linked to Bitcoin in a filing on April 24. The move signifies a potential step forward for the regulation of cryptocurrency derivatives in the United States. Bitcoin, the world’s leading […]
Toronto, Canada, Wednesday, August 28, 2024- A new study has linked cryptocurrency ownership to certain personality traits, including psychopathy, narcissism, Machiavellianism, and sadism. Researchers at the University of Toronto and the University of Miami surveyed 2,001 American adults to examine the relationship between cryptocurrency ownership and various psychological and social characteristics. However, the researchers cautioned […]
NEW YORK, Saturday, July 27, 2024- Swan Bitcoin, a digital asset financial services firm, announced on Platform X that it had abandoned plans for an initial public offering and shut down its managed mining unit. The company’s CEO, Cory Klippsten, cited a lack of expected near-term revenue from the mining operation as the primary reason […]
New York, Friday, August 16, 2024- Switzerland is exploring the inclusion of cryptocurrency tax data in its international information exchange protocols. On Wednesday August 14, the Federal Council initiated a consultation process for a new bill that aims to facilitate the sharing of crypto asset information with 111 jurisdictions. These jurisdictions are part of the […]
Taipei, Saturday October 5, 2024 – Taiwan’s Financial Supervisory Commission (FSC) has introduced new anti-money laundering (AML) regulations for virtual asset service providers (VASPs), setting a September 2025 deadline for full compliance. Firms failing to meet these requirements could face fines of up to NT$5 million ($155,900) or a two-year prison term. The updated regulations, […]
London, Thursday, March 14, 2024- A British judge ruled on Thursday that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The verdict came after a five-week trial at the High Court in London. A detailed ruling will be given later. Justice Mellor delivered a swift decision, citing “overwhelming evidence” against […]
SAN FRANCISCO, Tuesday, February 20, 2024 – Venture capital firm Founders Fund, led by billionaire investor Peter Thiel, reportedly placed a significant $200 million bet on Bitcoin and Ethereum before the recent cryptocurrency bull run, Reuters News Agency reported on February 12, 2024, citing “sources familiar with the matter.” The investment spread equally between the […]
Finalised Regulations to be Published on Sunday July 7 WASHINGTON, Friday, July 5, 2024- The U.S. Department of the Treasury and the Internal Revenue Service (IRS) on Wednesday June 26 finalized regulations implementing the bipartisan Infrastructure Investment and Jobs Act’s (IIJA) reporting requirements for brokers of digital assets, a media statement issued by Department of […]
London, Wednesday, February 14, 2024 – The British police announced on January 30 that they seized over £1.4 billion worth of Bitcoin in 2018, marking one of the largest cryptocurrency forfeitures globally. The announcement comes during the trial of a woman accused of laundering funds for her former employer, an alleged fugitive from Chinese authorities […]
Bitcoin halving is a critical event in the world of cryptocurrency, occurring roughly every four years. During a halving, the reward for miners who validate transactions on the Bitcoin blockchain is slashed in half. This reduction in block rewards is fundamental to Bitcoin’s design, aimed at gradually decreasing the rate at which new bitcoins are […]
November 2, 2023: Craig Wright’s Bitcoin Cash fork, Bitcoin SV (BSV), is facing increasing scrutiny following a new study casting doubt on his claims to be the creator of Bitcoin, Satoshi Nakamoto. The study, published by the cryptocurrency research firm CoinGeek, found that Wright’s claims are “not credible” and that there are significant inconsistencies in […]
Washington, DC, Wednesday, January 10, 2024 – Amidst great anticipation the US Securities and Exchange Commission (SEC) today (Wednesday, January 10, 2024) approved the listing and trading of multiple Spot Bitcoin exchange-traded products (ETPs), marking a milestone for the cryptocurrency market. The decision comes after years of SEC resistance to Bitcoin ETFs, with Chair Gary […]
New York, NY, Friday, June 28, 2024-In a move signaling broader acceptance of cryptocurrencies, VanEck, a New York-based investment firm, filed a proposal with the Securities and Exchange Commission (SEC) to launch the first-ever U.S. exchange-traded fund (ETF) for Solana (SOL). The VanEck Solana Trust, if approved, would offer investors direct exposure to SOL, the […]