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What is Bitcoin?
Bitcoin (BTC) is the first cryptocurrency created by Satoshi Nakamoto in 2008. With the underlying technology blockchain, bitcoin has redefining money in terms of money form, money issuance standard and money movement. Bitcoin has a limit of 21 million coins and uses proof-of-work (POW) consensus. In some sense, bitcoin removes our reliance on central banks and traditional financial institutions that we have to trust on. Bitcoin brings monetary freedom.
Bitcoin (BTC) is the first cryptocurrency created by Satoshi Nakamoto in 2008. With the underlying technology blockchain, bitcoin has redefining money in terms of money form, money issuance standard and money movement. Bitcoin has a limit of 21 million coins and uses proof-of-work (POW) consensus. In some sense, bitcoin removes our reliance on central banks and traditional financial institutions that we have to trust on. Bitcoin brings monetary freedom.
Bitcoin Hodlers Experience Profits on Majority of Trading Days
Bitcoin's profitability challenges the narrative of depreciating volatility. 88.50% of Bitcoin's tradable days were profitable for hodlers, with just 11.56% being unprofitable. Understanding market cycles is crucial for investors, while some prefer daily trades. General Bytes shut down its cloud services due to a discovered security vulnerability.
Former Coinbase CTO Bets $1 Million on Bitcoin Reaching $1 Million in 90 Days
Former Coinbase chief technology officer Balaji Srinivasan has placed a bet worth $1 million on Bitcoin's price reaching $1 million by June 17. Srinivasan accepted the wager from pseudonymous Twitter user James Medlock, who bet $1 million that the United States would not experience hyperinflation.
Bitcoin's Market Cap Surpasses Meta's Despite Turbulent Week for Crypto
Bitcoin's market cap has surpassed that of tech giant Meta, despite a turbulent week for the crypto market following the downfall of Silicon Valley Bank and Signature Bank. Bitcoin's market cap has risen 9.7% in the past 24 hours, sitting at $471.86 billion and ranking it 11th among top assets by market cap.
Bitcoin Surges as US Inflation Rises
The price of Bitcoin surged over $26,000 as the US Department of Labor reported a 0.4% increase in the Consumer Price Index (CPI) for February 2023, with inflation rising by 6% over the last year. The cryptocurrency markets reacted positively to the news, with both Bitcoin and Ether experiencing price surges.
Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000
A solo Bitcoin miner successfully mined the 780,112th block in the Bitcoin blockchain, earning a block reward of 6.25 BTC worth over $150,000. The miner was able to produce a valid hash after just two days of mining, a rare occurrence that typically takes solo miners months to achieve. The miner may have rented hashing power to produce the output hash, and they used the Solo CK Pool mining service to create a solo mining pool.
SEC Rejects VanEck Spot Bitcoin Trust Proposal
The United States Securities and Exchange Commission has denied the proposal for a spot Bitcoin trust by investment manager VanEck. This decision follows a trend of the SEC denying every application for a spot Bitcoin trust over the last six years. Two SEC commissioners have released a statement criticizing the decision and alleging a double standard in the Commission’s approach to commodity-based exchange-traded products (ETPs).
BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Arthur Hayes, the co-founder and former CEO of BitMEX, has proposed creating a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar. Unlike major reserve-backed U.S. dollar-pegged stablecoins, the proposed NakaDollar would be pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD, without relying on any USD reserves. The stablecoin's peg to the U.S. dollar would be maintained via mathematical transactions between the new decentralized autonomous organization (DAO) authorized participants and derivatives exchanges.
$1 Billion Worth of Bitcoin Moved from US Law Enforcement Seized Wallets
Over 50,000 Bitcoin, valued at $1 billion, were transferred from multiple wallets linked to US law enforcement seizures. Approximately 9,861 BTC was sent to Coinbase, while the rest were internal transfers. The BTC was seized from the Silk Road marketplace, one of the first darknet markets to accept Bitcoin payments.
Bitcoin Ordinals: Controversial but Here to Stay
Bitcoin Ordinals, the ability to permanently store data on the Bitcoin blockchain, are a controversial topic within the cryptocurrency community. However, builders and CEOs of Bitcoin-focused companies see potential for the technology, despite concerns over blockchain congestion and offensive content. Ordinals offer a new use case for the Bitcoin network beyond peer-to-peer cash, allowing for permanent and censorship-resistant storage of culturally significant events and data.
European Asset Manager Believes Bitcoin is Not Doomed Despite Industry Collapse
A European asset manager, Amundi, believes that the ongoing cryptocurrency industry collapse does not mean that digital assets like Bitcoin are doomed to fail. Despite BTC's inability to protect investors from rising inflation, its limited supply may still attract attention if inflation remains high.
Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike
Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty.
Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decline in revenue, Canaan's mining revenue improved by 368.2% YoY to $10.46M.
Bitcoin of America indicted for operating unlicensed kiosks
Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018.
NFT Firm Yuga Labs Faces Criticism Over Bitcoin Auction Plan
Yuga Labs has come under fire from the cryptocurrency community for its plan to auction its new Bitcoin NFT collection. The company's plan requires participants to send their entire bid amount in Bitcoin to a unique BTC address controlled by Yuga, and winners would pay up the BTC they bid while Yuga said it would return BTC to those unsuccessful in placing a top bid. The manual refund process for unsuccessful bids and the potential for significant price discrepancies in the top 288 bids have led to criticism from some within the crypto community.
Bitcoin NFTs to Hit $4.5B Market Cap
Galaxy Digital's research unit predicts that the Bitcoin nonfungible token (NFT) market could reach a $4.5 billion market cap by March 2025 based on conservative estimations. The report also outlines bear and bull case scenarios for the market.
TBD's Block Launches c= to Enhance Bitcoin Lightning Network
TBD, a division of Block, has launched c=, a venture aimed at improving the Bitcoin Lightning Network by providing added liquidity and routing services. The Lightning Network is a layer 2 payment network designed to make Bitcoin more accessible through faster, cheaper, and more reliable transactions.
Bored Ape Yacht Club Creators Launch Bitcoin NFT Collection
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have launched a new collection of 300 tokenized computer-generated artworks on Bitcoin called TwelveFold. The collection is based on mathematics, time, and the Bitcoin blockchain. The announcement comes amidst falling search interest for NFTs, however, trading volume data for February indicates the market is still strong. In other news, the Golden Key NFT, won by Twitch streamer Mongraal in a Dookey Dash competition hosted by Yuga Labs, has been sold for 1,000 Ether to BAYC NFT hodler Adam Weitsman. Polygon Foundation has partnered with Lotte Group to host the conglomerate's NFT projects on its Ethereum layer 2 scaling network Polygon, and intends to develop its Web3 initiatives in partnership with Polygon. Finally, a group of Japanese tech companies have agreed to forward the creation of the Japan Metaverse Economic Zone and an open metaverse infrastructure called "Ryugukoku."
Bitcoin Core Developer Luke Dashjr Calls Out Misleading NFT Auction
Bitcoin core developer Luke Dashjr called out an auction site for using his name and code without consent to create and sell a misleading NFT. The NFT, which featured a picture of code Dashjr wrote, was sold for 0.41 Bitcoin or roughly $9,500. Dashjr clarified that he was not involved in the creation or sale of the NFT and had not given consent for his name or code to be used.
Bitcoin Depot Converts Crypto ATMs to Software
Bitcoin Depot, a provider of physical Bitcoin ATMs, has converted all of its 7,000 crypto ATMs and kiosks to a software-based offering powered by BitAccess. This move eliminates the need for annual software licensing fees and comes after Bitcoin Depot acquired majority equity in BitAccess in November 2022. The market for crypto ATMs has seen a decline in installations since July 2022, according to data from Coin ATM Radar.
Grayscale CEO Calls on SEC to Protect Investors
Grayscale Investments’ CEO Michael Sonnenshein has called on the United States Securities and Exchange Commission (SEC) to protect Grayscale investors by returning the true asset value to them. Sonnenshein stated in a recent interview that the SEC acted arbitrarily by denying approval for the Grayscale Bitcoin Trust (GBTC) to be a spot Bitcoin exchange-traded fund (ETF) in June 2022, while approving Bitcoin Futures ETFs. He explained that the SEC violated the administrative procedures act, and that Grayscale is suing the SEC over the denial of its initial application. Grayscale has over a million investor accounts, and Sonnenshein called on the SEC to protect investors and return the value to them.
wBTC Supply Hits 9-Month Low After Major Burn
The supply of wrapped Bitcoin (wBTC) has hit its lowest point since May 2021 following a significant burn of 11,500 wBTC linked to Celsius. The current total supply of wBTC stands at 164,396, with a monthly growth rate of -7.39%. wBTC is an ERC-20 token that mirrors the value of Bitcoin and is pegged 1:1 with its price. It is managed by the decentralized autonomous organization wBTC DAO.
Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting
Cash App has integrated TaxBit into its services, allowing Bitcoin holders to easily report their taxes. Cash App users can track their Bitcoin transactions for tax reporting purposes through TaxBit’s platform. TaxBit simplifies tax reporting for everyone who has integrated digital assets into their portfolio. The IRS set Jan. 23 as the start of the 2022 tax filing season and reminded taxpayers of their crypto income reporting obligations, including capital gains from trading, mining, and staking activities.
Crypto Lawyers Dispute SEC Chief's Jurisdiction Claims
Lawyers for the cryptocurrency industry have challenged recent comments made by the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, in which he claimed that all cryptocurrencies except Bitcoin fall under the agency's jurisdiction. The lawyers argue that the SEC must prove its case in court for each token individually before it can claim jurisdiction over them.
BitCard® and Blackhawk Network (BHN) to Offer Bitcoin Gift Cards at Select U.S. Retailers
BitCard® has announced a new relationship with Blackhawk Network (BHN), one of the world's leaders in branded payment technology. Through this groundbreaking commercial relationship, BitCard® will offer its Bitcoin Gift Card at select U.S. retailers in BHN's vast network of retailers and B2B channels.
IMF Urges Countries to Consider Banning Cryptocurrencies
US Treasury Secretary Janet Yellen underlined the need for effective cryptocurrency regulation.
Grayscale CEO challenges SEC's denial of application
If GBTC becomes a spot BTC ETF, Grayscale Investments CEO Michael Sonnenshein stated investors will get a "few of billion dollars" back.
BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub
Don't worry—BlueWallet is just another step toward self-custody and lightning nodes.
Former facilities worker who allegedly set up a secret cryptocurrency mining operation
After skipping a court arraignment session, Nadeam Nahas faces arrest for using a school's energy for bitcoin mining.
A cryptocurrency mining rights bill prohibit the discrimination of crypto
The Montana Senate approved a law to protect cryptocurrency miners from discrimination.
Block's Cash App Bitcoin Revenue Falls 7%
Jack Dorsey's Block Inc. reported a 7% reduction in Bitcoin sales in Q4, with its Cash App producing $25 million of BTC gross profit, down 25% YoY.
US Congress needs to take control of crypto legislation
Blockchain Association CEO Kristin Smith said crypto regulation is occurring "behind closed doors" and asked for a more collaborative and "transparent approach."
BIS has long taken a cautious approach
Agustin Carstens mocks crypto and Bitcoin. Tech doesn't work for money, he told Bloomberg.
Alex Gladstein Fights Government Corruption
Human Rights Foundation CSO Alex Gladstein thinks Bitcoin can improve democracy and combat state corruption by restricting government and institutional authority.
Bitcoin Ordinals Create Stir Within Crypto Community
Luxor CEO Nick Hansen stated Bitcoin Ordinals might produce "synergies" between the mining pool and OridinalHub.
Bitcoin Flips Visa Again
Bitcoin (BTC) market valuation surpassed Visa's after a near 50% price increase in 2023. BTC has "flipped" the payment giant three times.
Gemini co-founder: Crypto's next bull run will start in Asia
Last October, former BitMEX CEO Arthur Hayes and Gemini co-founder Cameron Winklevoss predicted that Asia will lead the next bull run.
Kimchi premium refers to when the price of BTC cheaper
CryptoQuant data shows that South Korea's Kimchi premium has fallen again, fluctuating between -0.24 and 0.01 between Feb. 17 and 19.
Kimchi premium refers to when the price of BTC cheaper
CryptoQuant data shows that South Korea's Kimchi premium has fallen again, fluctuating between -0.24 and 0.01 between Feb. 17 and 19.
Public feedback on the SFC's proposed cryptocurrency exchange licensing regime
Hong Kong's Securities and Futures Commission seeks public input on bitcoin exchange registration.
CleanSpark Buys 20000 New Bitcoin Miners to Boost
CleanSpark bought 20,000 Antminer S19j Pro+ devices for $32.3 million to increase its mining capacity.
The top Mt. Gox creditor chose to have an early payout in BTC
Mt. Gox creditors may be paid more, but it may take nine years to finalize the bankruptcy procedure.
El Salvador is Opening a Bitcoin Embassy in the United States
El Salvador, the first nation to legalize Bitcoin, is opening a Texas Bitcoin Embassy to promote BTC.
How Cryptocurrencies Can Help You Find Love This Valentine's Day
A Valentine's Day poll reveals that cryptocurrency may be key in compatible relationships.
Ark Invest continues to buy Coinbase shares
Ark Invest has invested roughly $30 million on Coinbase stock in 2023 while selling Grayscale Bitcoin Trust.
The United Kingdom Tax Reform Council Launches Campaign Against Bank of England
UK Tax Reform Council and Bitcoin community worry over Bank of England's CBDC intentions.
Interactive Brokers Launches Crypto Trading Services for Institutional Clients
In 2023, Hong Kong will cooperate with cryptocurrency and fintech firms.
The United Kingdom's Financial Conduct Authority is cracking down on unregistered cryptocurrency
West Yorkshire crypto ATM operators were penalized by the Financial Conduct Authority.
Bitcoin's Average Block Size Hits All-Time Highs
The average Bitcoin block size has reached record highs after Bitcoin NFT Ordinals protocol launched.
Crypto Assets Conference 2023 (CAC23A) | March 29 to March 30, 2023 | Frankfurt School of Finance & Management
As crypto jargon makes its way into everyday business, Bitcoin and Ethereum disrupt the traditional understanding of currencies and the use of DeFi in traditional banking is increasingly inevitable - the world of digital assets evolves and matures in unprecedented style. With Web3 having the ability to revolutionize how society interacts and tokenization transforming the concept of ownership, blockchain technology has more use cases than ever before. Increasingly, established industries adapt to these use cases and a future without digital assets becomes unthinkable.
What Happens When the Bitcoin Blockchain Produces an Empty Block
Accept the oddities: Bitcoin's blockchain has more empty blocks than intended.
Iris Energy to Triple Mining Capacity With Thousands of New Rigs
Iris Energy will triple its crypto mining capacity with 44,000 ASIC machines.
PEGA Pool Announces the Official Launch of Its Eco-friendly Bitcoin Mining Pool
UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with a more consistent and attractive income than mining alone.
Publicly Listed Bitcoin Mining Companies Show Steady Increase in Hash Rate
Bitcoin mining firms produced more BTC and hashrate in January than December.
Kazakhstan plans to reduce tax fraud and unlawful business operations
The obligation will gather "information on the revenue of digital miners and digital mining pools for tax purposes" starting Jan. 1, 2024.
The Importance of Community in Bitcoin's Success
Crypto Twitter user @ Bosch_ uncovered the mark after updating the Bitcoin logo's sizes.
Mississippi State Senate Passes Bill to Protect Crypto Miners
The Mississippi state senate approved a law to shield the bitcoin mining business from unfair "regulatory hurdles."
Bitfarms Settles Debt with BlockFi
Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.
Russia Gives Tax Incentives to Crypto Miners
Russia offers tax benefits for crypto mining investors during tough times.
Global Efforts to Classify Cryptocurrencies
Cryptodata website 21Shares and CoinGecko have launched a worldwide crypto asset classification system.
SEC to Keep Close Watch on Crypto Brokers and Advisers
The SEC stated the 2023 review goals would ensure crypto brokers and advisors follow "respectful standards of care."
Digital Currency Group Sells Shares in Subsidiary's Crypto Funds
As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.
Hut 8 Mining Company to Merge with US Bitcoin
Hut 8 Mining and U.S. Bitcoin will consolidate under New Hut, pending court clearance.
Damus, a decentralized social network teased an upcoming feature
One community member called the feature the future of monetization.
CEO Sues Board Members for Seizing Control of Crypto Miner
Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.
North Korea Stole Over $1 Billion in Crypto in 2022
According to a UN study, North Korea stole more bitcoin in 2022 than ever before and targeted multinational aerospace and military industries.
UK Watchdog Proposes Tougher Advertising Rules
If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.
Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms
Riot Platforms' 2023 hash rate ambitions were slowed by Texas winter weather.
Hodlnaut Seeks to Sell Business
Hodlnaut temporary judicial management are considering several offers to buy its Singapore crypto firm and FTX claims.
The Bitcoin price surge has led to a market FOMO among small BTC addresses
Small BTC addresses surge in 2023, boosting bitcoin market enthusiasm.
Rehab Centers Add Services for Crypto Trading Addicts
A posh Spanish rehab institution now treats crypto traders.
Crypto Firms Make Job Cuts Amidst Ongoing Crypto Winter
Protocol Labs, Chainalysis, and Bittrex slashed 216 employees during the crypto winter.
Binance Acquires Majority Stake in Gopax
Binance returned to South Korea with a controlling ownership in ailing exchange Gopax.
Core Scientific to Pay Outstanding Debt with Mining Machines
In a court filing, crypto mining firm Core Scientific stated the equipment were no longer needed for its operations and future plans.
Australia Opens Public Consultation on National Taxonomy of Crypto Assets
A crypto licence and custody document will be released in mid-2023.
WisdomTree cryptocurrency funds lose value in fourth quarter
Despite rising revenues and fund inflows, the $82 billion fund manager posted a fourth-quarter net loss.
Billionaire Ray Dalio believes that fiat is in jeopardy
A Bitcoin admirer said the billionaire is close to "really understanding Bitcoin."
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor's Microstrategy, sold 1,500 BTC.
Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
Greenidge Reduces Debt with NYDIG
Greenidge lowered its NYDIG debt by 76% by relinquishing partial ownership of Bitcoin mining gear and credits.
Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
Q1 2021 Tesla spent $1.5 billion on Bitcoin.
The launch of a nonfungible token protocol on the Bitcoin mainnet
On Jan. 21, Bitcoin introduced "Ordinals," an NFT-like programme. However, meme-inspired JPEGs are filling Bitcoin blockspace.
The Bitcoin mining community has experienced a 50% increase in revenue through mining
Bitcoin mining income dropped to $13.6 million on Dec. 28, 2022, putting pressure on mining businesses.
Binance shuts down accounts in relation to Bitzlato investigation
The U.S. Department of Justice announced action against Binance, which blocked accounts due to the Bitzlato probe.
Core Scientific seeks to sell $6.6 million in Bitmain coupons
On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.
U.S. Representative French Hill offers insights into digital asset regulations
French Hill urges the Senate to create innovative crypto rules.
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.
Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
Argo Blockchain's 2021 IPO investors launched a class-action lawsuit.
Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender
Arizona state senator Wendy Rogers also supported a tax-exempt crypto bill.
New York State Introduces Bill Allowing State Agencies to Accept Crypto
The crypto sector has attacked New York's "BitLicense" and crypto mining restrictions.
Tesla refuses to sell any more Bitcoin
Tesla kept its Bitcoin for the second half of 2022 after selling 75% in the second quarter. As Bitcoin's price fell, the firm's financials reveal it didn't buy or sell Bitcoin in Q2 or Q3.
On-chain data is signaling a "generational buying opportunity"
Technical analyst "Game of Trades" discovered six on-chain measurements for his 71,000 Twitter followers. Bitcoin's Realized Price (RP) is an estimate of what the market paid for all coins at their previous price.
Bitcoin Cash advocate Roger Ver sued for $20.8 million
Genesis sued Roger Ver for $20.8 million in unpaid crypto options. GGC International sued Ver in New York State Supreme Court on Jan. 23. BCH has not reacted to the lawsuit.
Australia Breaks Into Top 3 Nations for Crypto ATM
Australia has 234 crypto ATMs, third worldwide behind the US and Canada. Australia has added 16 ATMs since Jan. 1, while Spain has lost 4 and El Salvador hasn't.
The U.K. government is recruiting for a head to its central bank digital currency project
The U.K. is hiring a central bank digital currency (CBDC) chief to establish a digital pound. CBDCs promise financial inclusion and lower corporate and consumer expenses. A former Bank of England senior advisor opposed CBDCs. In 2021, 23 million Brits did not use cash, and fewer than 15% of payments are done using cash.
Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders
Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo.
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.
DCG's subsidiary Genesis Capital slapped with new class
Genesis Capital, a DCG subsidiary, faces a class action lawsuit. Digital asset lending clients filed the complaint. Genesis violated securities laws by providing unregistered securities.
Binance Admits to Storing Customer Funds in the same wallet
Binance maintains certain client assets in the same wallet as its collateral for in-house tokens. Binance moved the funds to collateral wallets after the disclosure. B-Tokens are 1:1 collateralized, according to the company.
New partnership to enable Bitcoin micropayments for content platforms
Crypto has enabled micro-monetization across businesses. Play-to-earn games and music streaming led this crypto integration. ZEBEDEE and Fountain, a value-for-value podcasting platform, partnered.
New clause in South Africa's advertising code for cryptocurrency
South Africa's Advertising Regulatory Board now covers cryptocurrencies. Ads must "expressly and plainly" warn investors of money loss. They must also provide balanced information on product returns, features, advantages, and dangers.
Brazil and Argentina explore a common currency
Coinbase CEO Brian Armstrong promotes Bitcoin for Brazil and Argentina. A alternative currency to the Argentine peso and Brazilian real is being prepared by the two South American nations. BTC might become the second-largest currency bloc after the US dollar.
Argo Blockchain regains stock listing compliance with Nasdaq
Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovered.
The Bitcoin logo lights up Berlin
The Berlin TV Tower displayed the Bitcoin logo. German Bitcoiners tweeted images and videos of the lighting. These "advertisements" are legally illegal, so proceed cautiously.
Bitcoin's Winning Streak Finally Comes to an End
Bitcoin lost its two-week streak. Jan. 18 saw BTC's first red candle. The U.S. Department of Justice statement earlier in the week seems to have caused the price drop.
Binance linked to illegal cryptocurrency platform Bitzlato
Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators.
Why Bitcoin's Price Rebound Could Signify a Market Bottom
Since July, Bitcoin market mood is strong. Analysts think Bitcoin's recent price rise may indicate a greater breakthrough. Investor sentiment spiked three times since 2021, most recently in January.
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.
1inch Network Launches Hardware Wallet Amid Rise of Self-Cust
1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.
U.S. sanctions: Customers suing Compass Mining
Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.
1inch Network Launches New Hardware Wallet
1inch is the newest hardware wallet supplier for cryptocurrency. The 1inch Hardware Wallet's 2.7-inch E-Ink grayscale touch panel and stainless-steel frame mimic the iPhone 13.
Samsung Investment Exploring Hong Kong Spot-Bitcoin ETF
Samsung Asset Management is exploring a Hong Kong spot Bitcoin ETF. The Hong Kong Exchanges and Clearing Market, Asia's sole Bitcoin futures exchange, launched the company's Bitcoin futures ETF on Jan. 13.
Australian Bitcoin ATMs Demonstrate Lightning Network
Coolangatta has its first Lightning Network-enabled Bitcoin ATM. Bitcoin Lightning ATMs operate like regular Bitcoin ATMs but faster. Crypto ATMs number 38,602, with 6,071 added in 2022.
MicroStrategy Bitcoin Buying Splits The Crypto Community
MicroStrategy, a business that specializes in software analytics, has just increased the amount of Bitcoin it holds. Following the transaction, the company now has a total ownership of 132,500 BTC, which were acquired for a sum of $4.03 billion. Some people believe that this new move may have the ability to cause a new minimum price for the leading digital asset. Others say that increasing one's Bitcoin holdings exposes one to the danger of centralization.
Conflux Network Expands into Hong Kong
Dr Ming Wu, Co-Founder of Conflux Network, was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments.
$1.7M In QuadrigaCX Bitcoin Wakes After Years
ZachXBT tweeted on Dec. 19 about five wallets that moved 104 Bitcoin to multiple wallets. The wallets hadn't transferred Bitcoin since April 2018. Following Gerald Cotten's death in December 2018, QuadrigaCX filed bankruptcy in April 2019.
Nigeria Passes Bitcoin And Cryptocurrency Law
The Nigerian government will soon legalize Bitcoin and other cryptocurrencies. Punch Newspapers of Nigeria announced the news on December 18 after interviewing House of Representatives Committee on Capital Markets Chairman Babangida Ibrahim. If passed, the local Securities and Exchange Commission might consider cryptocurrencies and other digital monies as investment capital.
Bank Of Russia Opposes International Trade Crypto Investment
The Bank of Russia is prepared to look into the possibility of permitting the usage of cryptocurrencies within the borders of the country, but this would be done solely for the purpose of conducting a legal experiment. Elvira Nabiullina, the governor of the Bank of Russia, stated that the major problem that the central bank has always had with cryptocurrencies is that they cannot be used as a payment tool.
World’s First Ecological Mining Pool Set for Launch in 2023
While Bitcoin has been at the epicentre of a global controversy storm for several years now, one company is hoping to change that by turning the entire industry on its head – in the best way possible.
Senator Lummis Still Trusts Bitcoin For Retirement
US politician Cynthia Lummis is crypto-friendly. She's unfazed by lawmakers' Bitcoin retirement plan bans. Instead, Elizabeth Warren, Tina Smith, and Richard Durbin want Fidelity to discontinue its BTC-linked 401(k) (k).
VRJAM Announces The Initial Exchange Offering Of Its Revolutionary Metaverse Currency, Vrjam Coin
VRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges Gate.io and MexC. VRJAM’s and metaverse crypto-coin is currently valued at $US40M and has attracted investment from 15 of the world's leading web3 focussed VC’s and investors.
A Number of Renowned Speakers are Expected to Take Part in Blockchain Fest Singapore 2023
A Number of Renowned Speakers are Expected to Take Part in Blockchain Fest Singapore 2023
El Salvador Bukele's administration proposed 'Bitcoin bonds'
El Salvador submitted a law to legalize digital assets in public issuances. The government intends to raise $1 billion for "Bitcoin city" Half of the cash would go to Bitcoin.
Launch of Ethereum Climate Platform to reduce PoW emissions
The coalition aims to redress the network's former proof-of-work (PoW) carbon emissions. It was formed by Web3 firms, civil society leaders and the U.N. Framework Convention on Climate Change. The group will invest in climate projects that promise to mitigate Ethereum's past emissions.
Oracle Red Bull Racing Streaks Ahead
Transcending Worlds: Oracle Red Bull Racing and Partners Make History
Oracle Red Bull Racing and Partners create perfect storm of creativity, innovation, and passion
Bitcoin Falls as Crypto Market Crashes Again
Crypto markets recoiled Wednesday with most major cryptocurrencies spending much of the day in the red. Lending arm of Genesis Global Trading temporarily suspended redemptions and new loan originations. Bitcoin down 1.4%, Ether down 3.7%, CEL, UNI, and FTX off more than 5%. Genesis Global Capital (DCG) has temporarily suspended redemptions and new loan originations in the wake of the FTX collapse. DCG's announcement is the latest entanglement to FTX's liquidity crisis and subsequent filing for bankruptcy protection last week.
Web3 Platform Angelo Prepares to Reimagine Physical Art Collection
Angelo, an investment platform tying physical fine art to NFTs, has announced its launch. The web3 platform aims to add a more tactile component to the abstract concept of NFT ownership.
Candy Club Integrates with OKC (OKX Chain) Ecosystem
Candy Club has successfully integrated into the OKC ecosystem and added a use case for the OKC token and community. OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.
WAHED Coin to Launch on LBank Exchange on December 5
WAHED Coin, the native cryptocurrency of the WAHED ecosystem, is to be listed on LBank on December 5. The asset powers a growing array of features within WAHED’s next-generation investment hub.
ARGOS ID presents the World’s First Travel Rule Solution for Unhosted Wallets
ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage.
Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable
Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline.
FTX Affirms to 'Unauthorized Access’ to Some Assets, Working With Law Enforcement
After confirming the recent incident of unauthorized access" to its crypto holdings, citing a hack, FTX’s general counsel Ryne Miller took to his Twitter on Saturday to explain that the exchange is now working with law enforcement
FTX to Have Its European Operating License Suspended
Following its turmoil, the FTX’s European license is now said to be soon suspended by Cyprus regulators, according to a report.
Bitcoin Gains Momentum Based on Positive CPI Numbers
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.
Binance Publishes Details of Holdings in its Hot Wallet
Binance has posted a snapshot of its hot wallet reserve to lead the exchange's transparency push
Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse
Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work.
The web3 gaming company Kryptomon partners with Unstoppable Domains
The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains.
The First Crypto Bank in Puerto Rico Rolls Out Digital-Asset Custody Service
FV (Fintech Ventures) Bank, a global financial entity registered in the U.S. territory of Puerto Rico, has launched a digital-asset custody service for seamless safeguarding and interoperability of crypto and fiat.
Binance Bails Out From FTX Takeover Deal
Binance on Twitter announced the crypto exchange has ended the acquisition plan because, among other reasons, FTX has mishandled customer funds.
Billions of Dollars Exit Exchanges as Investors Scuttle Towards Safety
Investors are withdrawing their funds from exchanges amid the FTX implosion
Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse
Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work.
No Significant Risk Exposure to FTX or FTT, Says Coinbase CEO
Coinbase CEO Brian Armstrong tweeted that Coinbase has no significant exposure to FTX and its platform currency FTT, as well as Alameda's exposure.
BitMEX to Launch BMEX Token Trading on Friday
Crypto exchange Bitmex has announced it will launch the trade of its BMEX token on 11 November.
BlockFi to Relaunch Yield Bearing Product in the US After SEC Settlement
Months after settling with the SEC, BlockFi has now re-introduced its yield product
Former Meta and Pinterest Executive Joins Sequoia-Backed Decentralized Social as COO
After years spent developing the category-defining technology powering its infrastructure, Sequoia-backed DeSo is hiring Salil Shah, a seasoned executive with experience at Meta and Pinterest, to scale the business.
MarginX, World's First Community-Based Decentralized Exchange, Launches on Function X Blockchain
MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency.
KuCoin lists AirDAO's $AMB token with a $USDT pair
The announcement gives KuCoin's 25 million global users the opportunity to participate in AirDAO's up-and-coming DeFi ecosystem, boosting its rapidly growing international community and marking another exciting exchange listing for AirDAO. KuCoin is running a Net Holding competition as part of the events surrounding the listing, with $30,000 in $AMB tokens up for grabs for participants. Also, KuCoin will launch a Twitter airdrop and a participation reward campaign to promote the listing.
MarketAcross To Join Benzinga’s Future Of Crypto Summit As Global Media Partner
MarketAcross, the premier blockchain PR and marketing firm, is the official global media partner for the Future of Crypto conference, organized by Benzinga. The event is a new Benzinga initiative which wants to focus on the broader cryptocurrency industry, including DeFi and NFTs.
Crypto Exchange Coinmetro Successfully Raises $7M
Crypto exchange Coinmetro has successfully raised $7 million in funding in a round backed by three angel investors and hundred shareholders.
Binance is Not In "a War" With FTX, Says Co-Founder Yi He
Co-founder and chief customer service of Binance exchange, in an explanation on Twitter, claimed that Binance is not in a war with FTX and has no intention of engaging in drama.
Bank of Korea Completes 2nd Phase of CBDC Simulation Test
The Bank of Korea said that it has completed a 10-month CBDC simulation experiment research work on the 10-month central bank digital currency.
FTX Sees Native Token FTT Tumble by 15% Following Binance Selloff
Popular crypto exchange FTX has witnessed a massive dip in the price of their native token, which has come about after an increase in withdrawals kickstarted by another top crypto exchange Binance, who planned to sell off all their FTX tokens.
Messari Releases Research Reports on the TRON Ecosystem and the Stablecoin USDD
Messari, the leading provider of crypto market intelligence, released two quarterly analysis reports related to the TRON ecosystem – State of TRON Q3 2022 and State of USDD Q3 2022. The two most significant highlights in the comparison of Q3 with Q2 2022 were the 480.4% increase in the number of holders of USDD and the 71% increase in the Total Value Locked of TRX. Both reports indicated positive conclusions about the stability and secure strength of USDD and the TRON network as a whole.
Choise.com Invites Investors to Become Crypto Company Co-Owners
Crypto-banking innovator Choise.com is preparing a major assault on the $250B crypto earnings sector and is opening its equity book for those who want to be part of the journey. Via the Seedrs crowdinvesting platform, Choise.com is offering a limited supply of equity to Seedrs and its own platform users.
Binance Liquidates Entire FTT Holdings
Binance is liquidating its remaining FTT holdings, according to the crypto exchange CEO Changpeng "CZ".