Brazil Aims to Address Illegal Use of Bitcoin and Stablecoins with New Proposals
Simply put Brazil’s central bank announced that transactions involving virtual assets tied to fiat currencies will be classified as foreign exchange activities. President Luiz Inacio Lula da Silva has proposed a bill to Congress that would empower authorities to confiscate virtual assets and other properties. This year, the governor of Brazil’s Central Bank, Gabriel Garipolo, […]
Exodus Reports Strong Third-Quarter Growth as Bitcoin Earnings Increase
Simply put Revenue surged by 51% to $30.3 million, while the exchange platform’s trading volume hit $1.75 billion in the third quarter. At the end of the quarter, Exodus reported $314.7 million in digital and liquid assets, which included 2,123 BTC and 2,770 ETH. This update follows a notable decline in corporate Bitcoin purchases, with […]
Bitcoin User Unintentionally Pays More Than $105K To Transfer Only $10
User Accidentally Pays Over $105K for $10 Bitcoin Transfer In a surprising turn of events, a Bitcoin user, perhaps inadvertently, ended up paying a massive $105,197 to transfer a mere $10 worth of cryptocurrency. This incident, which has captured attention in the digital asset space, raises some important questions. On Monday, blockchain data indicated that […]
Stock soars 100% after $50M purchase of ‘encrypted Bitcoin’ by billionaire twins
Leap Therapeutics to Rebrand as Cypherpunk Technologies Inc. Leap Therapeutics, a biotech company based in Cambridge, Massachusetts, is set to change its name to Cypherpunk Technologies Inc., as announced on November 12. Starting tomorrow, the company will trade under the ticker symbol “CYPH.” This shift reflects its transition from biotechnology to focusing on crypto assets, […]
China Blames the United States for a $13 Billion Bitcoin Mining Pool Breach
China Accuses US of Involvement in Bitcoin Hack Last week, China’s Cybersecurity Agency publicly blamed state actors, including the United States, for the 2020 hacking of a Bitcoin mining pool known as LuBian. This incident led to the theft of 127,272 Bitcoins, which are currently valued at around $13 billion. A Bitcoin mining pool is […]
Bitcoin Drops 1.2% as Trading Volume Decreases Around $100K Support
Bitcoin Price Update Bitcoin recently experienced a slip from its previous highs, dropping from $103,413 to $101,775. This decline, about 1.24%, saw the cryptocurrency fall below a key resistance point at $102,000. Trading volume during this dip was relatively low, only 2.11% above the seven-day average, suggesting that market engagement remains cautious, especially as Bitcoin […]
Bitcoin reaches $105K as analysis points to significant Binance BTC withdrawals.
Bitcoin Price Movement Towards $105,000 Bitcoin is showing an upward trend as it heads into U.S. trading hours, with bulls aiming for a peak of $107,000 as Wall Street opens. It’s a pivotal moment for traders. Key Highlights: The price of Bitcoin is inching higher, suggesting traders are hoping to see a retest of $107,000. […]
Zhimin Qian: Chinese ‘cryptoqueen’ with royal ambitions sentenced in the UK for $6.6 billion Bitcoin fraud
Cryptocurrency Fraudster Sentenced in UK A woman from China was sentenced to over 11 years in prison by a British court for defrauding more than 128,000 people through a Ponzi scheme. She was found with £5 billion (approximately $6.6 billion) in Bitcoin. Police disclosed that this was the largest cryptocurrency seizure in the UK, where […]
Bitcoin User Spends More Than $105,000 in BTC to Transfer Only $10
Simply put Someone spent over $100,000 just to transfer $10 on the Bitcoin network. Usually, Bitcoin transaction fees are only a small fraction of the amount being sent. Experts say this was definitely an unusual mistake. On Tuesday, Bitcoin users paid more than $105,197, which was nearly 1 BTC at that point, to send only […]
Billionaires are offering Bitcoin ETFs to achieve significant tax advantages, according to an analyst
Bitcoin whales are starting to sell off their holdings as they look to reinvest in exchange-traded funds (ETFs) that come with significant tax advantages, according to Martin Hiesboec, who heads research at Uphold, a cloud-based financial services platform. In a recent post on X, Hiesboec explained why long-term crypto holders are opting to sell. The […]