Elon Musk: ‘I Don’t Spend a Lot of Time Thinking About Cryptocurrency’
Elon Musk, CEO of Tesla, Spacex, chairman of X, and the wealthiest man alive, has declared he doesn’t spend “a lot of time” thinking about cryptocurrency. In a recent X Space hosted by Cathie Wood, CEO of Ark Invest, the…
Nobel Prize Winner Robert Shiller Warns Confiscating $300B in Russian Assets Might Cause a ‘Cataclysm’ for the Dollar System
Nobel Prize winning economist Robert Shiller has warned against the effects that the confiscation of Russian assets in Western countries might have on the stability of the dollar-dominated financial system. According to Shiller, a move of this kind…
2023 in Review: The Year’s Most Impactful Crypto News Stories and Economic Trends
2023 proved to be an extraordinary year for bitcoin and the broader crypto economy, surging significantly in value once the dust settled from the FTX debacle and as major players such as Blackrock and Franklin Templeton lodged applications for spot…
Worldcoin Launches Minecraft Integration for ID Verification Purposes
Worldcoin, the biometric ID and digital wallet project, will now allow Minecraft server integration through one of its apps. A plugin called Luckperms, a Minecraft server mod, lets server admins tackle the bot problem by only giving access to the…
SEC Sets Deadline for Spot Bitcoin ETF Applicants — 3 Days Left to Update Filings for Early January Decision
The U.S. Securities and Exchange Commission (SEC) has reportedly set a deadline of Dec. 29 for spot bitcoin ETF applicants to finalize their filing amendments. According to reports, the SEC has told spot bitcoin ETF issuers that applications that…
Rich Dad Poor Dad Author Robert Kiyosaki Shares How He Made Most of His Money
The famous author of Rich Dad Poor Dad, Robert Kiyosaki, has shared how he made most of his money. He stressed that the future of stock and bond markets will depend on startups in resources, not Silicon Valley technology startups, predicting that…
Bitcoin Closes 2023 With 27 Dynamic Difficulty Adjustments, Netting a 74% Rise in Mining Challenges
Three days ago, on Dec. 23, 2023, Bitcoin marked its 27th and final difficulty adjustment for the year. This year witnessed 27 shifts in epochs, with the most substantial one on Jan. 15 at block 772,128, seeing a surge in network difficulty by…
2023 Crypto Wealth Surge — Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow
A recent analysis indicates that Changpeng Zhao, Binance’s former chief, experienced a near $25 billion surge in his estimated wealth in 2023, while Coinbase’s Brian Armstrong enjoyed a $5.8 billion increase. Yet, topping the list was…
Barry Silbert Resigns as Chairman of Grayscale Investments
Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as…
ORDI’s Record Rally — Leading the Charge in Bitcoin’s BRC20 Token Boom
On Dec. 26, 2023, the Bitcoin-based BRC20 token, ORDI, soared to a record $81.34 per coin before declining over 14% from its peak. BRC20s have emerged as significant players in the crypto asset arena, with several tokens mirroring ORDI’s…
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market…
41% of Central Banks Expect to Have Operational CBDCs by 2028 — Study
Some 41% of central banks that participated in the Official Monetary and Financial Institutions Forum (OMFIF) study said they expect to have an operational central bank digital currency (CBDC) by 2028. The survey found that the sentiment towards…
MS Wallet Drainer Has Siphoned Over $58 Million Using Google and X Phishing Ads
A recent report from Scam Sniffer, an anti-scam solution, revealed that MS Wallet Drainer, a cryptocurrency malware tool, has managed to siphon over $58 million in crypto since March. The drainer uses Google search and X ads phishing links as a…
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed…
China’s State Administration of Foreign Exchange Cracks Down on $2.2 Billion Crypto Exchange Ring
The Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved over…
US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC) “from…
Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
Venture capitalist Tim Draper has doubled down on his $250,000 bitcoin price forecast. “I would say that my number $250,000 will probably come pretty soon,” he emphasized, predicting that if the price of bitcoin hits $250,000…
Coinbase Fires Back at Senator Elizabeth Warren — Says Accusations Are Unfounded
Nasdaq-listed crypto exchange Coinbase has responded to U.S. Senator Elizabeth Warren’s accusations that it hires national security veterans to oppose her legislation. “Your claim that Coinbase is attempting to undermine bipartisan…
Survival of the Fittest: The Evolution and Consolidation of ASIC Bitcoin Mining Rig Makers
Several years ago, the landscape of ASIC bitcoin mining producers was diverse. Yet, over the recent couple of years, a select few top manufacturers have sustained the production of bitcoin mining rigs. ASIC Mining’s Changing Landscape Once…
Bitcoin Breaks Records: Christmas Eve Sees Lifetime Surge in Daily Transactions and Hashrate
On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023…
Bixos Unveils Groundbreaking Real World Asset Investment at Kartal, Istanbul Event
PRESS RELEASE. Kartal, Istanbul – 25th December 2023 – Bixos, a leading force in blockchain innovation, is pleased to announce a historic moment in its journey with the revelation of its inaugural Real World Asset (RWA) investment at a recent event…
Dyson Finance Becomes Fastest-Growing DEX on Polygon zkEVM and Linea, Revolutionizing Liquidity Provision
PRESS RELEASE. TAIPEI, December 25th 2023 – Dyson Finance, the game-changer in Decentralized Exchanges (DEX), has made waves in the past quarter on Polygon zkEVM and Linea, challenging the norm of DEXs grappling with Liquidity Provider (LP)…
Frog-Inspired Meme Token PEPE Drops to Fifth Place Amidst Dog-Centric Competition
While the meme coin pepe (PEPE) has risen by 29% in the last month and boasts a significant increase since its inception, a six-month review reveals a decline of over 8% in its value. Furthermore, despite its previous standing as the third-largest…
2023 Marks Bitcoin’s Spirited December Surge: A Glimpse Into Crypto’s Festive Frenzy
On Nov. 26, Bitcoin.com News highlighted the crypto community’s anticipation and hope for a ‘Bitcoin Santa Claus rally’ to manifest this year. Following the data collected from Dec. 1 to Dec. 24, 2023, the recent increase of…
Seychelles-Based Crypto Exchange MEXC Rejects ‘Baseless’ User Asset Freeze Claims
The Seychelles crypto exchange MEXC has rejected claims it is unilaterally freezing users’ accounts or “wiping” out their profits. The MEXC team said it opposes ongoing attempts to defame its name and may resort to taking legal…
Study: Nvidia Stock and Bitcoin the Top Two Performing Assets in 2023
With its U.S. dollar value having risen by nearly 160% since the start of the year, bitcoin is set to end 2023 as one of the best-performing assets. Only semiconductor giant Nvidia’s stock has outperformed the top crypto asset in 2023 so…
Japanese Cabinet Approves Tax Reform Eliminating Unrealized Crypto Gains Tax for Companies
The Japanese government has approved a tax reform that removes some crypto taxes for corporations and conglomerates. The reform, discussed since early December, removes the unrealized gains taxes on crypto holdings for companies, paving the way for…
Latam Insights: El Salvador Passes Bitcoin Citizenship Law, Argentina to Allow Crypto Denominated Contracts
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador passes a Bitcoin donation citizenship law, Argentina will allow the settlement of…
Former Bitmex CEO Arthur Hayes: ETF Success’ Might ‘Destroy Bitcoin’
Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate…
Epic Games Store Changes Policies to Allow Blockchain Games in Its Platform Again
The Epic Games Store, the digital distribution storefront owned by Epic Games, has made changes that will allow some blockchain games to be listed on its platform again. Epic Games has announced that it will now admit games rated as “Adults…
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