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The Turkish government plans to create a central bank for cryptocurrency custody after two prominent exchanges locked customers out last week. According to a report from Bloomberg today, authorities may also require exchanges to keep a certain amount of cash on hand and introduce credential requirements for exchange executives. The moves are aimed at limiting …
Continue reading “Turkey to Regulate Bitcoin Exchanges After Fiascos: Report”
Tesla has cashed out some of its Bitcoin. In an investor call today, the electric carmaker reported its Q1 2021 earnings and revealed $272 million in proceeds and a “$101M positive impact” from a net cash outflow of $1.2 billion in crypto. According to Tesla CEO Elon Musk, the company “sold 10% of its holdings …
Continue reading “Elon Musk’s Tesla Sold Bitcoin in Q1, Earnings Report Reveals”
Between August 2020 and February 2021, roughly 5,000 Bitcoin worth an estimated $125 million at the time of trading (and over $280 million in today’s value), left wallets owned by now-shuttered Turkish exchange Thodex and landed in US exchange Kraken, according to Israel-based blockchain tracking firm Whitestream. Whitestream, which has contracts with the Israeli Defense …
Continue reading “Turkish Exchange Thodex Sent $125M in Bitcoin to Kraken Before Closing: Report”
A panel of experts established by the US Department of Justice last week to combat ransomware is expected to recommend “aggressive tracking of Bitcoin and other cryptocurrencies,” according to a report from Reuters today that cited anonymous sources. The potential recommendations would expand the regulatory requirements on cryptocurrency exchanges and hold them to similar standards …
Continue reading “DOJ Ransomware Panel to Propose ‘Aggressive’ Bitcoin Regulations: Report”
About $3.6 billion in Bitcoin options are due to expire tomorrow, giving speculators their last chance to either buy the asset at a predetermined price or sell. If many investors choose the latter, expect to see more Bitcoin available in the market. If they exercise their option, it could push the price up. Data from …
Continue reading “$3.6 Billion in Bitcoin Options Expire Friday. Here’s What That Means”
Goldman Sachs analysts said yesterday that Bitcoin cannot yet be seen as digital gold, on account of the cryptocurrency’s massive energy demands. Competition from other cryptocurrencies and a worrying lack of use cases were also cited as concerns in a research note released by the bank. As a result, the report claims, it is therefore “too …
Continue reading “Goldman Sachs: Bitcoin’s Energy Problem Undermines Idea Of Digital Gold”
While Europe and the US grapple with more bad news around COVID, Bitcoin’s doing its thing again. Overnight, BTC surpassed the $35,000 mark, and at the time of writing, is holding. The push seems to be linked to an explosion in trading volume. According to data site Nomics, in the past 24 hours, Bitcoin’s volume …
Continue reading “Futures Traders Fear Correction as Bitcoin Hits Another ATH”
The holiday season might have put Square Crypto in a giving mood, as the firm has awarded its fifth Bitcoin developer grant of December alone. This time around, the grant went to Leon Johnson, a London-based developer of Bitcoin-related technology. Johnson told Decrypt that the grant is for $100,000 and that it will help fuel …
Continue reading “Square Crypto Grants $100K to Bitcoin Dev Simplifying Key Management”
Liron Shapira, CEO of coaching website Relationship Hero and an early investor in Bitcoin and Coinbase, said that his introduction to the cryptosphere was a combination of luck, opportunity, and his personal investment thesis. During the latest episode of the Pomp Podcast hosted by Morgan Creek Digital Assets co-founder Anthony Pompliano, Shapira noted that he …
Continue reading “Early Coinbase Investor Discusses Buying Bitcoin in 2011”
The number of active Bitcoin addresses has shot up by over 105% this year, according to Coin Metrics’ data. In its latest ‘State of the Network’ report, released today, the crypto data site said that the number of active addresses this year doubled to hit 1.2 million. Why’s this important? It’s evidence of a healthy …
Continue reading “Bitcoin Active Addresses Doubled in 2020: Coin Metrics”
Grayscale has temporarily halted investments into six of its trusts, among them its Bitcoin and Ethereum Trusts, just a few days after Bitcoin prices broke $20,000 and surged to new all-time highs. Investment management firm Grayscale no longer accepts investments in trusts tracking the performance of Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, and its …
Continue reading “Grayscale Halts Investments in Bitcoin and Ethereum Trusts”
