Indian authorities have apprehended eight individuals in connection with a large-scale illegal cryptocurrency scheme that has been operating since 2018, defrauding over 100,000 people of USD 300 million or approximately IDR 4.6 trillion (assuming an exchange rate of IDR 15,648 per US dollar). Four out of the eight arrested individuals are law enforcement officers, according […]
John Deaton, a well-known attorney representing XRP holders in the SEC vs. Ripple case, predicts that the United States could potentially approve Bitcoin ETFs by late 2023. This forecast coincides with the anticipated Bitcoin Halving and key Federal Reserve decisions expected in the second or third quarter of 2024. If approved, the Bitcoin ETFs could […]
VanEck, a renowned New York-based asset manager specializing in ETFs, has recently updated its application for the VanEck Bitcoin Trust ETF. The company, known for its expertise in managing ETFs and its early interest in the crypto market, is making waves with its unique approach. According to legal expert Scott Johnsson, VanEck’s approach stands out […]
Bitcoin has reached its highest value since last May, following news of progress in the launch of a spot Bitcoin exchange-traded fund (ETF) by BlackRock, the world’s largest asset manager. The updated filing suggests that BlackRock might infuse cash into its iShares Bitcoin Trust as early as this month. The move to seed the ETF […]
Bitcoin Amsterdam shed light on the persistent challenges in achieving consensus on proposed improvements to the Bitcoin protocol. This issue has been a source of contention within the Bitcoin community, reminiscent of the heated block size debate in 2017. Key Bitcoin core developers, Paul Sztorc and Peter Todd, recently engaged in a contentious exchange at […]
Bitcoin, a prominent cryptocurrency, has recently witnessed a surge in its annualized funding rate, hitting a two-month peak of over 7.5%. This rate essentially represents the cost of holding a position in Bitcoin, which significantly influences how traders engage with the market. The spike in the funding rate could potentially attract more traders, leading to […]
Bitcoin ASIC manufacturer Bitmain has temporarily halted the payment of salaries to its employees, according to recent reports. The company has also eliminated bonuses and incentives for its staff, and it has not paid the salaries owed from the previous month. Furthermore, employees are facing a 50% reduction in their base salaries. Bitmain, founded in […]
The former boss of crypto company Terra Labs, Do Kwon, admitted to falsifying trading volumes, according to court documents from the US Securities and Exchange Commission (SEC). An SEC filing on Sept. 22 shows a text message exchange between Do Kwon and Daniel Chin, the founder of payment app Chai, in which Do Kwon told […]
Former Facebook executive and co-creator of Diem, David Marcus, is exploring exciting opportunities within the Bitcoin ecosystem. Marcus, now the CEO of Lightspark, a startup focused on developing enterprise payment solutions using Bitcoin’s Lightning Network, believes that real-time payments have vast potential across various industries worldwide. In a recent interview with Anthony Pompliano, Marcus discussed […]
The crypto and Bitcoin markets continue to decline after the decision of the Federal Reserve (the Fed) or the United States central bank to hold the rate of increase in interest rates in the range of 5.25 to 5.5 percent. However, not only that, there are several other factors that keep Bitcoin prices under pressure. […]