Category : Bitcoin.com

Bitcoin.com

Mysterious Million-Dollar Bitcoin Transfer Sparks Wave of ‘Dust’ to Satoshi’s Genesis Wallet

After the enigmatic transaction on Jan. 5, 2024, in which an unidentified bitcoin wallet transferred 26.917 bitcoin worth $1.19 million to Satoshi Nakamoto’s Genesis wallet, there has been a surge of about 34 dust transfers to the same address...

New US Crypto Tax Law, SEC Still Processing BTC ETFs, Saylor Buys More BTC, and More — Week in Review

The U.S. introduces stringent tax reporting laws for transactions over $10,000, while the SEC grapples with a backlog of paperwork for pending spot Bitcoin ETFs. Meanwhile, Michael Saylor sells Microstrategy shares to increase his bitcoin holdings, a...

Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin

The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablecoin can prove to be vital...

Report: Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud

The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both ca...

Prohibition of Cash Withdrawals From VASPs Operated Accounts May Contradict Central Bank’s Cashless Policy — Nigerian Lawyer

Nigerian fintech lawyer Senator Ihenyen said the new central bank guidelines which bar the withdrawal of cash from accounts operated by virtual asset service providers (VASPs) seem “reasonable and understandable.” The lawyer however belie...

Former Citi Executives Launch New Bitcoin Product That Bypasses SEC Approval

A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They explained that this crypto product does not need to be registered with the U.S. Securities and Exchange Commission (SEC). The new offering ai...

Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In

The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator to reject spot bitcoin ETFs, wa...

Blackrock Lines up $2 Billion for Spot Bitcoin ETF Launch, Sources Say

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Watchdog Group Warns SEC: Reject Spot Bitcoin ETFs or Face ‘Financial Carnage’

Financial watchdog group Better Markets has called on the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs), warning that they “will inflict massive investor harm.” The organization features...

2.15 Million Ethereum Poured Into Liquid Staking Protocols in 6 Months

Recent statistics indicate that in the past six months, a substantial 2.15 million ethereum has been allocated to liquid staking derivatives protocols. As of Jan. 6, 2024, Lido Finance holds a dominant share, exceeding 75% of the total deposited ethe...

Solana’s Rocky Start to 2024 — SOL’s Value Dips Over 6% Amidst Previous Year’s Highs

During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on Sat...

Weekly NFT Sales Record Minor Ebb While Bitcoin Maintains Dominance

According to recent data, sales of non-fungible tokens (NFTs) over the last week declined by 1.31% to $308.23 million, a decrease of $4.09 million from the prior week’s $312.32 million. NFTs centered around Bitcoin remained at the forefront am...

11 Spot Bitcoin ETFs Inch Closer to Approval — Analyst Says It’s ‘Basically Done’

Eleven spot bitcoin exchange-traded funds (ETFs) are moving closer to approval by the U.S. Securities and Exchange Commission (SEC). Proposed rule changes to list and trade all 11 spot bitcoin ETFs on stock exchanges have been filed with the SEC. ...

Mystery Transfer — Unidentified Wallet Sends $1.19 Million in Bitcoin to Satoshi Nakamoto’s Genesis Address

Two days after Bitcoin’s 15th anniversary, an unidentified wallet transferred roughly 26.917 bitcoin, valued at $1.19 million, into Satoshi Nakamoto’s Genesis wallet. Originating on Jan. 3, 2009, this wallet has primarily accumulated no...

Ark Invest Continues to Sell Coinbase Shares

In a strategic move, Ark Invest has offloaded another portion of its Coinbase holdings, selling over $29 million worth of COIN shares from its ETFs. This decision aligns with Ark’s target weighting policy and follows Coinbase’s strong per...

Nasdaq-Listed Bitcoin Miner Cleanspark to Launch in-House Trading Desk, CEO States It ‘Makes Financial Sense’

Cleanspark, a Nasdaq-listed Bitcoin mining company, has announced that it will launch an in-house trading desk to maximize the return on its cryptocurrency holdings. Cleanspark CEO Zachary Bradford explained that organizing their trading desk made &a...

Harvesting the Digital Skies: The Controversial Practice of Airdrop Farming

As the crypto economy burgeons, a new trend called airdrop farming is taking root, offering both promise and pitfalls. The following is an exploration of this emerging practice, unraveling its intricacies, potential rewards, and the controversies it...

Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash

On Jan. 4, the decentralized finance protocol Gamma Strategies was a victim of a hacking attack which saw criminals make off with digital assets worth over $3 million. To pre-empt further attacks, Gamma Strategies said it has shut off all deposits on...

Binance Assigns Monitoring Tag to Privacy Coins, Including Monero and Zcash

Binance, the largest cryptocurrency exchange, has recently announced that it will start monitoring ten new projects, including privacy blockchains like Monero, Firo, Mobilecoin, and Zcash. Binance reported that these projects might be delisted in the...

Asset Manager Vaneck Pledges to Donate 5% of Spot Bitcoin ETF Profits to Bitcoin Core Developers for 10 Years

Asset management firm Vaneck has pledged to donate 5% of its spot bitcoin exchange-traded fund (ETF) profits to support Bitcoin Core developers for at least 10 years. The company is currently awaiting approval from the U.S. Securities and Exchange Co...

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