Bitcoin

A collection of 572 posts

Bitcoin

Bitcoin Drops Near $90K as Crypto Market Sees Intense Sell-Off

In what can only be described as a tumultuous day for the market, Bitcoin, the most popular and well known digital currency, has witnessed a significant drop, touching a low of $91,215. This marks a decline of over 3% against the U.S. dollar, reflecting the broader instability within

Bitcoin

UK Judge Dismisses James Howells' $770 Million Bitcoin Landfill Case

James Howells, an IT engineer from Newport, Wales, has faced a significant setback in his quest to recover a hard drive containing over $770 million in Bitcoin. The hard drive, which contains Bitcoin mined back in 2009, and incidentally pre-fork coins such as Bitcoin Cash, was inadvertently discarded and buried

Crypto

Gary Gensler Takes One Final Jab at Crypto Before Quitting the SEC

As Gary Gensler prepares to step down from his role as the Chair of the U.S. Securities and Exchange Commission (SEC), he has not shied away from delivering one last critique of the cryptocurrency sector. In his parting remarks, Gensler described the crypto industry as a field "rife&

Crypto

Asset Manager Standard Chartered Ventures into EU Crypto Custody Services

Standard Chartered, a global banking heavyweight, has taken a significant step into the digital frontier by establishing a new entity in Luxembourg. This move is aimed squarely at offering custody services for cryptocurrencies and other digital assets within the European Union. As traditional financial institutions continue to eye the lucrative

Bitcoin

US Government Set to Liquidate Massive Silk Road Bitcoin Stash as Trump Comes into Office

In a surprising turn of events, the US government has received authorization to liquidate a staggering 69,000 Bitcoins, valued at approximately $6.5 billion, that were seized from the infamous Silk Road marketplace. This decision comes amidst a politically charged atmosphere, with the timing being particularly notable as it

Bitcoin

Trump's Digital Trading Cards Launched on the Bitcoin Blockchain, Stirring Ordinals Market

President-elect Donald Trump has introduced his latest venture into the Bitcoin and digital realm: the "Trump Bitcoin Digital Trading Cards." This collection, featuring 160 unique items, has been inscribed onto the Bitcoin blockchain via the Ordinals protocol, marking a significant moment where politics meets blockchain. The initiative targets

Bitcoin

Bitfinex Shifts Derivatives Operations to Bitcoin Friendly El Salvador

In a significant move that underscores the growing acceptance of digital assets, Bitfinex Derivatives exchange has announced its relocation to El Salvador, following the acquisition of a Digital Asset Service Provider (DASP) license in the country in 2023. This strategic shift not only marks a new chapter for the company

Bitcoin

Fidelity Predicts Governments Will Invest in Bitcoin Next Year

Fidelity Investments, a firm managing assets worth $5.4 trillion, has declared that 2025 might see significant government involvement in Bitcoin. The financial giant suggests that nation-states and central banks are on the brink of becoming the next major investors in this cryptocurrency, reflecting a shift towards recognizing Bitcoin as

Strategic Bitcoin Reserve

Federal Reserve Officials Dismiss Bitcoin Reserve Proposal in Heated Meeting

In a recent video clip that has stirred both the cryptocurrency community and traditional finance circles, Perianne Boring, founder and CEO of the Chamber of Digital Commerce, shares a startling account of her visit to the Federal Reserve. The purpose of her visit was to discuss the potential of establishing

Bitcoin Mining

Trump's $20 Billion Data Center Investment Signals Potential Boost for US Bitcoin Mining

In a recent announcement, President-elect Donald Trump has unveiled plans for a significant $20 billion investment in data centers across the United States, spearheaded by DAMAC Properties and its billionaire owner, Hussain Sajwani. The initiative, centered in states like Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, is primarily

Crypto

Pierre Poilievre's Vision for a Crypto Haven if Elected Canada's Next Prime Minister

In the wake of Canadian Prime Minister Justin Trudeau's unexpected resignation announcement, political eyes have shifted to Pierre Poilievre, the opposition leader with a clear pro-cryptocurrency agenda. Poilievre, who has been at the helm of the Conservative Party since 2022, once ambitiously declared his intention to transform Canada

Bitcoin

France Threatens to Freeze Elon Musk’s Funds, Unless He Moves Them to Bitcoin

In a recent wave of political controversy, French President Emmanuel Macron has accused tech mogul Elon Musk of interfering in European elections, spotlighting a growing concern among European leaders about the sway of influential figures on democratic processes. This accusation against Musk, known for his leadership roles at Tesla, SpaceX,

Bitcoin

Crypto Market Soared to $3.91 Trillion in 2024 According to Binance Research

The cryptocurrency market in 2024 wasn't just another blip on the financial radar; it was a monumental rise to a record-breaking $3.91 trillion market cap, as reported by Binance Research. This surge wasn't just numbers on a screen; it was a clear sign of Bitcoin&

Bitcoin

Canadian Man in Hiding After Bitcoin Kidnapping

A Canadian father of four, a moderator for a Facebook crypto forum, has been thrust into a harrowing ordeal that led him and his family into hiding. The man, whose identity remains undisclosed to safeguard his him and his family, recounted to La Presse an attempt by assailants to kidnap

Bitcoin

Vivek Ramaswamy’s Asset Management Company Unveils Bitcoin Bond ETF Strategy

Strive Asset Management, co-founded by the high-profile Vivek Ramaswamy, has announced plans to introduce the Strive Bitcoin Bond ETF. This groundbreaking exchange-traded fund (ETF) aims to invest in bonds issued by companies specifically to finance their Bitcoin holdings, according to a recent filing with the Securities and Exchange Commission. The

Bitcoin

MicroStrategy Starts New Year with $101 Million Bitcoin Purchase

MicroStrategy, led by the ever-optimistic Michael Saylor, has once again made headlines by investing another $101 million into Bitcoin. This latest acquisition brings their total Bitcoin stash to an impressive 447,470 BTC, solidifying their position as one of the largest corporate holders of the cryptocurrency. The decision to buy

Bitcoin

Bitcoin Transactions Soar to $19 Trillion in 2024, Doubling Previous Year

In 2024, Bitcoin not only solidified its position as a formidable asset in the financial world but also demonstrated its robustness with an astounding $19 trillion in transactions processed through its network. This figure marks a significant rebound from the previous years, showcasing a more than double increase from the

Bitcoin Mining

US Dominates Bitcoin Hashrate with Over 40% Control

The landscape of Bitcoin mining has shifted dramatically, with the United States now leading the charge by accounting for over 40% of the global Bitcoin hashrate, as reported by the close of 2024. This significant portion of the network's computing power is primarily funneled through two US-based mining

Tether

Concerns Grow as Tether Encounters More Issues

Tether is a key player known for its stablecoin USDT, and is currently facing a series of developments that are causing a mounting concern within the market. Recent events surrounding Tether have sparked speculation and worry, suggesting that the company might be on the verge of a crisis. The quiet

Satoshi Nakamoto

Unveiling Top Satoshi Nakamoto Candidates on Bitcoin Genesis Block Day

In the world of crypto, one name echoes through the community with both mystery and reverence: Satoshi Nakamoto. Since the launch of Bitcoin in 2008, the identity of its creator has been cloaked in enigma. Despite endless speculation and investigative efforts, Satoshi's true persona remains a riddle. However,

Bitcoin

Today Marks 16 Years Since Bitcoin's Genesis Block

Today, we celebrate a monumental moment in the digital age - the 16th anniversary of Bitcoin's Genesis Block. On January 3, 2009, an enigmatic figure known only as Satoshi Nakamoto mined the first block of what would become the world's first decentralized cryptocurrency, Bitcoin. This event

Bitcoin Mining

Bitfufu Secures Massive Bitcoin Mining Boost with Bitmain Deal

In a bold strategic move to dominate the digital asset mining landscape, Bitfufu, a publicly traded company listed on Nasdaq, has revealed a significant partnership with Bitmain. On January 2, 2025, Bitfufu revealed it had secured a deal to acquire an additional 80,000 Antminer S units, showcasing its intent

Crypto

KuCoin's New Payment Solution Transforms Merchant Transactions

Cryptocurrency exchange KuCoin has unveiled a new payment platform, KuCoin Pay, which aims to transform how merchants accept crypto payments. This new initiative is set to simplify the process, making cryptocurrency transactions as commonplace as traditional ones. KuCoin Pay seamlessly integrates with the KuCoin app, which boasts a user base

Crypto

BBVA Expands Crypto Trading in Europe with New MiCA Regulations

In a significant move towards embracing cryptocurrencies, Banco Bilbao Vizcaya Argentaria (BBVA), one of Spain's leading banks, is set to introduce cryptocurrency trading services across Europe. This expansion is facilitated through its subsidiary, Garanti BBVA Kripto, a platform previously known for its crypto custody services. The initiative leverages

Crypto

Morgan Stanley to Offer Crypto Trading Once Trump Gets Into Office

In a move that could shake up the crypto landscape, Morgan Stanley's online brokerage, E-Trade, is reportedly considering diving into the world of digital asset trading. This strategic shift comes at a time when expectations of a more favorable regulatory environment under the Trump administration are gaining traction,