Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining
2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies
Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more.
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated … read more.
Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With Microstrategy’s ‘Disproportionate … read more.
Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will … read more.
Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans
Fidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds, … read more.
Spain’s Second Largest Bank BBVA Launches Bitcoin Trading and Custody in Switzerland
BBVA, the second-largest bank in Spain, has announced the launch of its bitcoin trading and custody service through its Swiss subsidiary. Beginning with bitcoin, BBVA plans to expand its services for other cryptocurrencies. BBVA Rolls Out Bitcoin Trading and Custody … read more.
Southeast Asia’s Largest Bank DBS Launches Full-Service Bitcoin Exchange
DBS, the largest bank in Southeast Asia, has officially announced the launch of several crypto services, including a crypto exchange. DBS’ crypto trading platform supports four fiat currencies and four cryptocurrencies, including bitcoin. DBS Launches Bitcoin Services DBS officially announced … read more.
Twitch Director Shaan Puri Moves 25% of Net Worth Into Bitcoin to ‘Front Run Wave of Institutional Capital’
Twitch director and former CEO of Bebo Shaan Puri announced that he has put 25% of his net worth into bitcoin. He believes that bitcoin presents “a rare opportunity to front run a wave of institutional capital.” Shaan Puri Puts … read more.
Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan
The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining … read more.
Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings
Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, … read more.
Ledger Wallet Customer Data Leak Invokes Threats, Phishing Scams, User Allegedly Loses Life Savings
The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to … read more.
Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. … read more.
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, … read more.
US Lawmakers Caution Against Regulations Restricting Use of Self-Hosted Crypto Wallets
Four U.S. lawmakers have sent a letter to Treasury Secretary Steven Mnuchin, warning of the risks of restricting the use of self-hosted cryptocurrency wallets. Their concerns follow reports that the Treasury Department may be on the verge of imposing such … read more.
Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens … read more.
Vitalik Buterin Warns Current Crypto Wallets Are Not Ready for Mainstream Adoption
The cofounder of the world’s second-largest cryptocurrency, ethereum, warned about crypto wallet vulnerabilities, claiming the tools are not ready for widespread adoption and encouraged to open more discussions on security matters. Buterin Calls for More User-Friendly Crypto Wallets for Non-Technical … read more.
Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purchases
Microstrategy Inc. has raised $650 million from the sale of convertible senior notes so that it could buy more bitcoin. In a note to investors on Dec. 11, the business intelligence and mobile software firm said it completed the sale … read more.
Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity
Cleanspark Inc., a Nevada-based corporation, said Thursday that it is acquiring U.S. bitcoin miner ATL Data Centers for $19.4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software. It claims that it can … read more.
Pornhub’s Premium Services Now Default to Crypto Payments, 13 Digital Assets Supported
During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium … read more.
Chaintip Creator Unveils New Tipping Tool Sharetip
Tipping internet users with cryptocurrency, particularly Bitcoin Cash, seems like a great way to spread adoption. The creator of one popular tipping tool is cooking up something brand new. Self-Serve Tipping It’s called Sharetip and I had the opportunity to … read more.
Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits
According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and … read more.
Authorities Shut Down Darknet Marketplace Sipulimarket, Seize Bitcoin
A major darknet marketplace, Sipulimarket, has been shut down and its assets, including bitcoin, were seized by Finnish Customs, in cooperation with Europol and the Polish police. Darknet Marketplace Shut Down, Bitcoin Seized Europol and Finnish Customs (Tulli) announced last … read more.
Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results
As the digital asset economy grows popular and a number of crypto companies become well known, copycat scammers appear in greater numbers. There are a number of websites that are clones of the official web page from companies that provide … read more.
The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’
Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a … read more.
France Approves New Cryptocurrency Measures to Fight Anonymous Transactions
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says … read more.
JPMorgan Sees $600 Billion Demand for Bitcoin From Global Institutional Adoption
JPMorgan’s analysts have predicted significant demand for bitcoin following the $100 million purchase of the cryptocurrency by Massmutual. The analysts believe that other traditional investors, including pension funds, will follow suit, leading to a conservative estimate of $600 billion demand … read more.
Paypal’s Stock Soars to All Time High as Demand for BTC on the Platform Now More Than Supply of New Coins
E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. … read more.
Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold
Chinese state-operated media outlets keep adding cryptocurrencies — specifically bitcoin — on their reporting agenda. Lately, they have been replicating bitcoin predictions that are surprising in some way to the crypto community due to the number of mentions on the … read more.