The Silk Road balance sheet gap: $ 4.8 billion worth of Bitcoin still missing
The original Silk Road marketplace has been closed for over seven years now and to date 444,000 bitcoins worth $ 4.8 billion are still missing. Just recently, a report on these funds tackles one of the … read more.
The many facts indicating that Paul Le Roux is Satoshi Nakamoto
The 48-year-old former programmer and criminal cartel leader Paul Calder Le Roux was found to be suspicious of Satoshi Nakamoto in the spring of 2019. These suspicions have led a few people to believe that Le Roux is the most credible Satoshi to date, … read more.
Philippine regulator warns investors to stay away from Mining City’s Bitcoin Vault Ponzi scheme
There is a mining contract system that people are discussing and touring the web called “Mining City” or “Bitcoin Vault”. The Philippines’ SEC recently issued a warning against the operation and the alleged masterminds behind the project. One … find out more.
Fidelity Digital Assets touts Bitcoin credentials as publicly traded companies now hold over 600,000 BTC
Fidelity Digital Assets (FDA) says that diversifying an investment portfolio with Bitcoin is especially critical now when benchmark interest rates around the world are near or below zero. The opportunity cost of not allocating bitcoin is simply higher, says the FDA in its … read more.
Sharia Compliance Expert Says Cryptocurrencies Are Legitimate Products
Sharia compliance expert, the current Chairman of the Central Bank of Malaysia’s Sharia Advisory Board and a Sharia Board member of many financial companies, says cryptocurrency is a legitimate commodity that can be traded . Cryptocurrency and Sharia Compliance … Learn more.
Cryptocurrency ETF: SEC wants to facilitate tokenized products
The US Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to Chairman Jay Clayton. The agency is working with other US regulators to determine how to regulate different crypto products. SEC Open to Tokenization of … find out more.
Cashfusion usage increased 328%, $ 200 million in BCH merged and nearly 20,000 mergers
Cashfusion, the Bitcoin Cash network’s privacy protection solution, is approaching its first anniversary and over the past four months mergers have increased by 328.93%. The protocol recently completed a security audit and mergers are approaching 20k with almost … read more.
FSB Report Says Stablecoins Drive Financial Inclusion: Urges Regulators To Tighten Money Laundering Controls
The Financial Stability Board (FSB) asserts that stablecoins have the potential to improve the efficiency of financial service delivery. The organization adds that hybrid cryptocurrencies also have the potential to improve the efficiency of payments (including cross-border payments) … read more.
Bitcoin adoption soars in Turkey amid high inflation, pound hits record high
Turks are increasingly turning to bitcoin as the local currency, the Turkish Lira, recently hit another all-time high against the dollar. The adoption of Bitcoin in Turkey outshines other countries in the region. Turkey is the regional leader in Bitcoin adoption … read more.
The big financial reset: IMF Managing Director calls for ‘new Bretton Woods moment’
As the global economy shudders under the disastrous effects of central planning, the managing director of the International Monetary Fund (IMF) in Washington, DC, Kristalina Georgieva, calls for a “new moment at Bretton Woods.” Georgieva spoke about the economic situation on October 15 … read more.
Rare Batman NFT digital art collection sells for Record 540 Ether
A collection of five Batman digital art pieces sold for a combined ether of 540.86, or about $ 202,000, on Makersplace, a record price for non-fungible crypto artwork. Rare artwork is a collection of animation or PNG files of the dark … read more.
Peter Schiff’s Euro Pacific Bank under investigation by tax authorities in 5 countries
Euro Pacific Bank, founded by gold and bitcoin bug skeptic Peter Schiff, is reportedly under investigation by tax authorities in five countries. The bank’s clients are said to include several tax evasion brains and a Russian syndicate described by the FBI … read more.
Monetary stability: IMF and Fed Chairman Jerome Powell discuss implications of digital currency
On Monday, the International Monetary Fund (IMF) released a report on crypto assets such as central bank digital currencies (CBDCs) and global stablecoins (GSC). In addition, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the … read more.
Ethereum VR game starring Atari and Care Bears sells plots of virtual land for $ 76K
A large number of non-fungible tokens (NFTs) have sold this year in various markets, creating tens of thousands of dollars in NFT sales. A particular platform called The Sandbox sells virtual plots for thousands of dollars … read more.
Macro investor Dan Tapiero talks about crypto adoption: emerging economies ahead of developed states
Dan Tapiero, holder of Bitcoin and gold, says it is still early days to talk about widespread adoption of crypto, as the proportion of users to the rest of the population remains low. Tapiero makes the remarks with reference to a study, … find out more.
Bitcoin supporters lament Joe Biden’s proposed capital gains hike
The US presidential election is only 14 days away, and a number of bitcoin supporters have discussed the capital gains tax implications Joe Biden plans to invoke if he wins the US presidency. According to Biden’s plan, capital gains … read more.
Payments Giant Paypal Says Customers Can Now Buy and Sell Bitcoin
Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also claims that its customers will be able to use cryptocurrencies to shop at the 26 million merchants … read more.
Hackers Donate Bitcoin From Ransomware Attacks To Charities
A group of hackers have donated some of the bitcoin they extorted through ransomware attacks to charities, claiming they want to “make the world a better place.” However, the law states that donations from ill-gotten gains should be rejected but … read more.
Long Institutions and Short Hedge Funds: Bitcoin Options Traders Prepare for ‘Big Moves’ to Come
Trends in the Bitcoin options markets make it difficult for financial analysts to identify BTC’s next move. Data from the recently released CME Traders Report shows that institutional investors are capturing more bitcoin long contracts, while hedge funds … read more.
$ 10 billion in BTC reserves: companies with Bitcoin Treasuries order nearly 4% of supply
The bitcointreasuries.org web portal now shows nearly two dozen companies with a large number of bitcoin pools. Currently, the total total bitcoin held on reserve by the 23 companies listed is around 785,999 BTC worth well over $ 10 billion … read more.
‘Bitcoin No Longer Optional’ – What Investors Are Saying About Paypal’s Launch Of Crypto Services
The launch of cryptocurrency services through Paypal has given crypto investors a lot to think about. While many crypto users view the news as extremely bullish, some point to several areas of concern that Bitcoin investors should be aware of. ‘Every Major Bank Is Have … Read more.
Goldman Sachs to Settle $ 2.8 Billion Mass Corruption Case with US Government
Goldman Sachs has reportedly agreed to settle with the US government its role in a corrupt Malaysian government investment fund, which is one of the company’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to … read more.
Grayscale Adds $ 300 Million In Cryptocurrency Assets Under Management In Just 24 Hours
Grayscale Investments said Thursday it has added $ 300 million in net assets under management (AUM) in the past 24 hours. The company now has a record $ 7.3 billion in AUM, according to a tweet from Barry Silbert, chief … read more.
8 countries hit by skyrocketing inflation see Bitcoin prices reach historic highs
The price of bitcoin has hit new highs in 2020 and a number of supporters are optimistic that the value of the crypto asset will rise. In addition to the high price of bitcoin this year, around eight different countries have seen bitcoin touch … read more.