Six of these coins, Chun told the outlet, were airdrops to EOS coin holders, while three others were airdropped to XRP owners. “[We] sold everything that could be sold. [We] are left with only small amounts of [dust] that cannot be traded.” Chun Ha-ram, New Reform Party Lawmaker Bitcoin Sell-off The media outlet also gave...
Canaan is known in the crypto world as a major producer of ASIC Bitcoin (BTC) mining hardware. Under Argentinian law, only permit-holding companies may import dedicated crypto mining rigs. Officers also published photos of armed officers standing in front of what appears to be a clothing store. This may suggest that the ring may have...
Initially, the Deposit Token PoC will focus on two use cases: simple payments between participating banks and delivery versus payment transactions with escrow functions. A successful PoC, according to the Swiss Bankers Association, could pave the way for the widespread adoption of a digital Swiss franc, offering several benefits such as faster and cheaper transactions,...
This sentiment echoed previous comments by CryptoQuant CEO Ki Young Ju, who noted that past post-halving rallies have typically started in the fourth quarter of each halving year. In the last #Bitcoin halving cycle, the bull rally began in Q4. Whales won't let Q4 be boring with a flat YoY performance. pic.twitter.com/LIWH53OpkD — Ki Young...
The deputy minister added that the ministry expected MPs to approve a law on crypto mining tax by the end of the State Duma’s autumn session. Late last year, lawmakers floated the idea of introducing a tax on crypto-related income, rather than profits. The Treasury Department has floated similar ideas. However, exchange rate calculations may...
Cardano founder Charles Hoskinson warned on Friday that Donald Trump’s newly launched crypto platform, World Liberty Financial, could face serious political and regulatory challenges. He highlighted the potential for investigations by institutions like the Department of Justice (DoJ) and the SEC, emphasizing the risk of politicizing the entire crypto industry. Trump’s Crypto Platform Could Trigger...
Balancing Risks and Benefits However, the report also acknowledges the risks associated with Bitcoin, including its volatility, regulatory challenges, and the uncertainty surrounding its adoption as a global payment asset. Despite these risks, BlackRock argues that Bitcoin’s unique properties can provide a valuable diversification benefit for investors. “While Bitcoin has shown instances of short-term co-movements...
MicroStrategy, the world’s largest corporate Bitcoin holder, announced on Wednesday it had raised the principal offering on its convertible senior note sale by $175 million, increasing the total offering to $875 million. MicroStrategy initially announced a $700 million convertible debt offering on Monday, maturing in 2028, with proceeds set to refinance existing debt and fund...
Bitcoin (BTC) saw choppy, albeit bullish, price action on Wednesday after the Fed cut rates in the US by 50bps to 4.75-5.0% and signaled more interest rate easing than the market had anticipated in 2025 in its updated dot-plot. FOMC Cuts Rates By 50Bps; Target Range Stand At 4.75% – 5.00%– Cut Interest On Reserves...
In response to accusations stemming from a devastating $235 million cyber-attack on the Indian crypto exchange WazirX, Binance publicly refuted any responsibility on September 17. In a detailed blog post, Binance stated unequivocally that it has never been involved in WazirX’s operations. Binance Refutes Claims And Questioned WazirX’s Accountability The exchange emphasized that its 2021...