Renowned investor Charlie Munger, the vice chairman of Berkshire Hathaway Inc., passed away at 99, leaving behind a legacy of strong opposition to Bitcoin. His sentiments were shared by his longtime business partner, Warren Buffett, although they held distinct reasons for their skepticism. These views were often aired during Berkshire Hathaway’s annual shareholder meetings, known […]
As of mid-November 2023, the United States cryptocurrency sector has already surpassed its 2022 lobbying spending record, with a total expenditure of $20 million. The CoinGecko report reveals that this figure is expected to rise further by the end of the year. In comparison, the total lobbying spending in 2022 reached $22.2 million. The current […]
Investment firm Proof Group is one of many bidders seeking to relaunch bankrupt crypto exchange FTX, according to a person familiar with the matter. Reporting from Yahoo Finance, Wednesday (11/15/2023), this company is also part of the Fahrenheit consortium, a group of crypto investors and companies that won the bid to acquire the remains of […]
In a recent development, cybersecurity experts have uncovered a potential threat to the security of crypto assets, with up to $2.1 billion in digital currencies believed to be at risk. On November 14, Unciphered, a leading cybersecurity company, unveiled a vulnerability named “Randstorm” that affects crypto wallets generated through web browsers from 2011 to 2015. […]
OKX has teamed up with custody provider Komainu and asset manager CoinShares to enable continuous trading of segregated assets, aiming to boost institutional adoption of digital assets. CoinShares will handle trading on the OKX exchange, while Komainu, a third-party custody provider, will manage collateral assets to mitigate counterparty risks. Sebastian Widmann, head of strategy at […]
Global macro director at financial services giant Fidelity, Jurrien Timmer shared his bitcoin outlook in a series of posts on social media platform X last week. According to Timmer Bitcoin is a commodity currency that aims to be a store of value and he considers it to be exponential gold. “In my view, bitcoin is […]
Jump Crypto, a segment of the Jump Trading group, is currently facing scrutiny from the US Securities and Exchange Commission (SEC) for its alleged involvement in transactions with former Terraform Labs CEO Do Kwon. Reporting from Yahoo Finance, written on Sunday (12/11/2023), the SEC investigation is focused on whether Jump Crypto entered into an agreement […]
Summary: Grayscale’s Solana Trust Shares (GSOL) have surged, doubling in value to reach an impressive $202, indicating a surge in institutional interest in Solana. The GSOL shares are trading at a remarkable 784% premium over Solana’s token price of $55. Grayscale’s Role in the Crypto Market: Grayscale, a significant player in the U.S. for institutional […]
In the past week, the crypto market is still in a positive trend with Bitcoin (BTC) showing resilience by moving around the USD 35,000 resistance level. What is interesting is the significant increase experienced by altcoins, signaling further growth in the near future. On Tuesday, November 7 2023 at 08.00 WIB, bitcoin was at USD […]
In an X post, US Securities and Exchange Commission Chairman Gary Gensler reminded crypto companies to comply with securities laws, by not defrauding investors. Gensler did this to commemorate the 15th anniversary of the Bitcoin whitepaper. Gensler also asked whether the creator of the first cryptocurrency Bitcoin, Satoshi Nakamoto, could be identified in a Halloween […]