Bitcoin miner reserves have reached their lowest level in more than 14 years, falling to 1.90 million BTC as of June 19, 2024. This significant decline marks the lowest point since February 2010, reflecting a trend where miners hold less Bitcoin on their balance sheets. Despite this reduction in Bitcoin reserves, the fiat value of...
Fireblocks said it has partnered with onchain financial data platform TRES to give clients data sources to compile audit tax-ready reports. Fireblocks’customer base of institutions and companies will be able to use TRES to consolidate digital assets and financial activity across wallets and exchanges including non-fungible tokens (NFTs). The TRES report can be streamlined by...
A Nigerian court dismissed on June 19 a wrongful detention lawsuit brought forward by fugitive Binance executive Nadeem Anjarwalla after the country dropped tax charges against him and still detained the Binance compliance chief. According to a June 20 report from Nigeria’s Punch News, Judge Inyang Ekwo rejected Anjarwalla’s litigation grounds of lacking “diligent prosecution.”...
The Monetary Authority of Singapore (MAS) has released a new money laundering risk assessment report, labeling crypto tokens and service providers under “high risk” financial sectors. “There has been an increase in reported cases involving digital payment tokens (DPTs) and there is a range of ways in which DPTs can be exploited,” the report read....
Cryptocurrency exchange Kraken confirmed on June 20 the recovery of nearly $3 million in digital assets from blockchain security firm CertiK following extortion allegations that had overshadowed their white-hat hack. Kraken’s Chief Security Officer Nick Percoco took to X to announce the return of the funds, minus the amount spent on transaction fees. Update: We...
Bitcoin development company MicroStrategy announced its purchase of another 11,931 BTC on Thursday, bringing its total holdings up to 226,331 coins. MicroStrategy Buys Almost 12,000 Bitcoin The recent purchase – worth $786 million – was funded through the company’s recent convertible debt offering, which successfully raised $800 million upon closing on June 18. Each coin...
Italy plans to implement stricter regulations for its crypto market, including significant fines for market manipulation and insider trading. According to a recent report by Reuters, the Italian government is preparing to introduce measures to enhance oversight of cryptocurrency activities. The draft decree reviewed by Reuters included considerable fines for relevant crimes. Italy Strengthens Crypto...
Bitcoin, the world’s leading cryptocurrency, struggled to maintain its recent mild upward trend, peaking at $66,180 but turning bearish around $64,700 and dropping to an intraday low of $64,300. This downward movement is likely linked to the news that Binance.US lost its money transmitter licenses in multiple states, including North Dakota. This development creates uncertainty...
Digital asset manager Bitwise has made its mark in the world of non-fungible tokens (NFTs) by allowing its first spot Ether exchange-traded fund (ETF) commercial to be minted. The 39-second clip, which showcases the advantages of Ethereum, can now be minted on the Ethereum blockchain. Bitwise introduced the commercial as an opportunity to “capture a...
The billionaire Winklevoss twins, founders of the crypto firm Gemini, announced on Thursday that they had each contributed $1m in Bitcoin to support presidential candidate Donald Trump. Tyler and Cameron Winklevoss revealed their contributions on social media platform X. They did not specify what address they sent the Bitcoin to. Tyler Winklevoss cited the Biden...