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…

The Dark Side of Crypto Highlighted by US Congress Think Tank

One of the report, Congress Research Service report “Long Live Cash: The Potential Decline of Cash Usage and Related Implications” released on May 10, 2019, examines the decline of cash usage in the United States and contemplates on the rise…

Billionaire Tim Draper Gives Bitcoin 5 Years To Achieve Global Adoption

Tim Draper, a billionaire venture capitalist, believes that the acceptance of Bitcoin (BTC) is progressing very well on a global scale.  100 Million Bitcoin Wallets And Counting Draper described Bitcoin reaching 100 million wallets as an “amazing” accomplishment in a…

UK Legislators Enact Laws to Restrict Crypto Ads

On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…

China Has A $3.9 Billion Bitcoin Stash Despite Hostile Crypto Stance

The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector. Young Ju claims that China has seized $6 billion worth of cryptocurrencies from the PlusToken scam in 2019,…