Posts published on September 3, 2023 go to media archive

US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’

A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the…

Musk Funded Dogecoin, Mulled Blockchain Social Media, Biography Details

A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a…

BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span

The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark…

The Elite Ten: How a Handful of Ethereum Wallets Command Over a Third of ETH’s Total Supply

Ethereum (ETH), boasting its position as the second most dominant cryptocurrency by market capitalization, is held by a staggering 242,686,839 unique addresses. Fast forward to September 3, 2023, and a mere ten ether addresses command a whopping…

Fact or Fiction? Theories Littered Across Social Media About Blackrock’s Alleged Bitcoin Buying Spree

This past week, the U.S. Securities and Exchange Commission (SEC) delayed seven spot bitcoin exchange-traded funds (ETFs), including Blackrock’s proposed Ishares Bitcoin Trust. Alongside this news, Into The Block metrics indicate that from…

The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years

Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum…

Tornado Cash Founders Accused, Court Rules in Favor of Grayscale Against SEC, and More — Bitcoin.com News Week in Review

The U.S. government has charged the founders of crypto mixing and privacy tool Tornado Cash with money laundering, calling them “criminals.” In other news, the U.S. Court of Appeals for the District of Columbia has ruled in favor of…

France’s Data Watchdog Conducts Checks at Worldcoin Office in Paris

The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the…

Bitwise Retracts Bitcoin and Ether Market Cap Weight Strategy ETF Registration

In a recent submission to the U.S. Securities and Exchange Commission (SEC), Bitwise has decided to retract its registration for its Bitcoin and Ether Market Cap Weight Strategy exchange-traded fund (ETF). The reasoning behind this action remains…