Hong Kong authorities have proposed accepting and regulating fiat-pegged stablecoins (FRS). According to the document, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) will allow retail investors to purchase stablecoins, but note that their issuers must obtain a special local HKMA license. To obtain a license, companies must fully support all...
Bitzlato has suspended the withdrawal of Bitcoins (BTC) from the platform indefinitely amid legal problems in France. On Dec. 27, the crypto exchange platform Bitzlato announced the suspension of special balance withdrawals and technical customer support. The administration called it a “temporary measure” to prepare for upcoming court hearings regarding the seized assets of users in France. At the...
Michael Saylor’s MicroStrategy now holds some 189,150 Bitcoin worth over $8 billion as of Dec. 27. MicroStrategy bought an additional 14,620 Bitcoin (BTC) at an average price of $42,110 per coin, according to Michael Saylor, who founded the company back in 1989. Saylor’s firm spent $615.7 million acquiring its latest BTC purchase. The company started buying BTC in 2020...
A new report from The New York Times sheds light on how Chinese investors, aided by Binance, acquired a Texas mining facility. A 23-year-old Chinese national and NYU student, Jerry Yu, appears to be the majority owner of a Texas-based crypto mining facility BitRush, which was backed by $6 million in Tether (USDT) by undisclosed Chinese investors,...
If you decided to invest $100 in each BTC and ETH last Christmas, how much would they be worth today? As the market is seemingly out of a prolonged crypto winter that began in early 2022, on Christmas day, we’re witnessing a significant contrast in the value of major cryptocurrencies, notably Bitcoin (BTC) and Ethereum (ETH),...
Creditors of long-failed cryptocurrency exchange Mt. Gox have finally started receiving payments for their Bitcoin (BTC), which has been locked up on the exchange since February 2014. On Dec. 25, on the mtgoxinsolvency Reddit page, users speculated that Mt.Gox was sending refunds in Japanese yen through PayPal – almost ten years after the funds were blocked on...
An anonymous trader turned a $2,220 investment of 30 Solana tokens (SOL) into over $5.7 million in just six days, achieving a staggering 2,570 percent return through a series of strategic trades. According to blockchain analysts Lookonchain, on Dec. 20, an unknown user purchased 16 billion ANALOS, a new meme coin based on the Solana with...
Solana’s over 87% surge in December has made several millionaires in the past weeks, some on less than a $100 investment. Analysis from Lookonchain reveals several extraordinary cases of significant financial gains from modest investments in Solana-based tokens. A trader began with a mere $92 worth of Solana (SOL) and astonishingly turned this into approximately $1.55 million in 16...
In 2016, former New York Times reporter Nathaniel Popper published Digital Gold, an early account of Bitcoin that holds up as one of the best books on crypto. Since then, there have been a flood of other titles as publishers rushed to cash in on a subject defined by easy riches, outrageous characters, and a mind-boggling array of scams. This past...
Bloomberg) -- Bitcoin dropped below $42,000 for the first time in a week and the recent rally in memecoins has started to show signs of stalling. Most Read from Bloomberg Tesla Plans Revamp of Smash Hit Model Y From China Plant Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker Apple’s iPhone Design Chief Enlisted...
