Bitcoin News
@bitcoin_news
News Feed

Posts published by Bitcoin News 263/459

The SEC Is ‘out of Their Mind and a Change of Regime Is Required’ — Former US Ambassador

Trevor Traina, the founder and CEO of Kresus, has said he foresees non-custodial mobile wallets “transforming into something more comprehensive than just tools for storing digital assets.” According to Traina, such a transformation is…

‘Bitcoin in the West Has Sold out, and Now Only the Global South Can Save BTC’ — Ray Youssef

According to Ray Youssef, the CEO of Noones, peer-to-peer (P2P) bitcoin trading is the United States’ public enemy number one because its potential widespread adoption by people from the Global South represents the “world’s…

Coinbase ‘Extensively Prepared’ for Spot Bitcoin ETF Approval

Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed…

Avalanche Foundation to Hop Onto the Meme Coin Train, Announces Investment in Selected Projects

The Avalanche Foundation, an institution that funds avalanche initiatives, has recently announced that it will start investing in meme coins. These purchases will be made using funds from the $100 million Culture Catalyst fund launched in 2022, and…

Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline

Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been…

5 Mining Pools Dominated in 2023, Discovering Over 84% of Bitcoin’s Blocks

Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners…

ETF Fever Continues, Gensler Warns Against Crypto’s ‘Wild West’ of Permissionless Exchange, Latam Update — Week in Review

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has repeated earlier warnings about crypto “non-compliance” being a global “Wild West,” as speculative fever for BTC exchange-traded funds continues to…

Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite Jamie Dimon Wanting to Ban Crypto

Blackrock, the world’s largest asset manager, has named JPMorgan as a lead authorized participant for its spot bitcoin exchange-traded fund (ETF). This followed JPMorgan CEO Jamie Dimon stating in a congressional hearing that bitcoin and…

DOJ’s Decision on SBF Case Outrages Crypto Industry — Coinbase Calls It ‘Miscarriage of Justice’

The decision by the U.S. Department of Justice (DOJ) not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried (SBF) has outraged the crypto industry. Crypto exchange Coinbase calls the decision a “miscarriage of justice.” One…

Meme Coin Rollercoaster Ride — BONK’s Value Plummets Amidst Market Turbulence and Rising Contenders

While the meme coin phenomenon bonk (BONK) captivated users on the Solana network, the cryptocurrency recently witnessed a 41% decline over the preceding fortnight, accompanied by a 20.8% descent in the past week. Following its mid-December peak to…

Spot Bitcoin ETF Applicants Flood SEC With Filing Updates Before Deadline

Major asset managers, including Blackrock, Fidelity, Bitwise, and Wisdomtree, submitted their revised spot bitcoin exchange-traded fund (ETF) filings shortly before the deadline set by the U.S. Securities and Exchange Commission (SEC) on Friday…

Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales

In November, Bitcoin clinched the leading position in monthly non-fungible token (NFT) sales, and interestingly, this month Bitcoin continued to retain its top status, amassing a total of $853 million in sales. NFT Sales Surge: Bitcoin Holds Top…

Bitcoin ETF Mania and Nigeria’s New Stance on Crypto to Drive the Industry’s Revival in Africa — Experts

The U.S. Securities and Exchange Commission’s expected approval of bitcoin exchange-traded funds and Nigeria’s lifting of a directive which excluded the crypto industry from the banking ecosystem are expected to help revive African…

India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms

The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi…

DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’

On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman…