Brazil Has Approved A Cryptocurrency Bill that Accepts Bitcoin As A Form Of Payment.

Lawmakers in Brazil have approved a cryptocurrency framework bill for the use of digital currencies in the Latin American country. Brazilians will be able to use Bitcoin as a payment mechanism if the legislation is implemented, and digital assets will…

New Research Shows Smaller Bitcoin Investors Are Buying As Whales Sell Off

According to on-chain data, some non-whale Bitcoin investors appear to have had no problems with the cryptocurrency bear market or the fear, uncertainty, and doubt (FUD) surrounding the demise of FTX. A Tale of Shrimps and Crabs According to research…

Binance Publishes BTC Proof Of Reserves to Reassure Customers Of Funds Safety

As promised by CZ, the CEO of Binance, the exchange has made public its proof of reserves for Bitcoin. On-chain reserves totaling more than 582,000 BTC—more than 1% of the entire amount of client deposits—back consumer funds. Proof Only Covers…

Belgium Declares that Bitcoin and Ethereum Are Not Securities

Belgium’s Financial Services and Markets Authority has declared that crypto assets without issuers, like Bitcoin (BTC) and Ethereum (ETH), are not securities. In a press release on November 24, the financial regulator stated that it is unconcerned with the technology…

Grayscale Holds 633K Bitcoins According to An Independent Research Report

Since FTX’s demise, other exchanges and digital asset managers have been under growing pressure to show that they actually have the cash they claim to. A major black swan event would be the liquidation of GBTC’s holdings or its collapse…

Senators Warn Fidelity Not to Offer Bitcoin in Retirement Savings

In April of this year, Fidelity Investments announced that it will start to give customers the option to put Bitcoin (BTC) in their 401(k)s.  But US Senators are trying to convince the Financial Giant to renege from offering BTC-backed retirement…

Kaspersky: Crypto Scammers Will Soon Move Away From Using Bitcoin

Ransomware negotiations and payments may soon rely less on Bitcoin as a form of payment, according to cybersecurity firm Kaspersky. The company with Russian roots ascribed this shift to advancements in the technology used to track Bitcoin’s movement and suppliers,…

New York Governor Bans Crypto PoW Mining For 2 Years

On November 22, New York Governor Kathy Hochul officially enacted a two-year ban on proof-of-work (PoW) crypto mining, making it the first state in America to do so. Mining Now Restricted to Green Companies The PoW mining moratorium will not…

El Salvador Begins Dollar Cost Averaging On Bitcoin Despite the Crypto Winter

El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several months due to the market’s bearishness. The Bitcoin Hoarding Begins El Salvador’s president Nayib…

Crypto Industry Delivers Greatest One-Day Collapse In Billionaire History

The CEO of crypto powerhouse FTX lost $16 billion of his personal wealth as his business ran out of cash and had to rely on a rival to save it. After accepting a bailout from competitor Changpeng Zhao’s Binance, Sam…