Fri, July 24

Indonesia Closes 10 Bitcoin Mining Operations Over $1M Power Theft

Ten Bitcoin mining operations allegedly have been shut down by Indonesian police, who have accused the organizers of stealing roughly $1 million USD worth of power. The North Sumatra Police Force reportedly raided a ten-location Bitcoin mining enterprise, seizing 1,134 mining machines, 11 meters of electrical cable, and a variety

December 30, 2023 1 min read

Goldman Sachs Foresees Major Boost Post Spot Bitcoin ETF Approval

Mathew McDermott, head of digital assets at Goldman Sachs, has highlighted the possible effects on the crypto market of approving spot Bitcoin and ether ETFs. According to McDermott, this change has the potential to greatly increase institutional support for digital currencies. He claims that the market’s liquidity will be improved

December 30, 2023 2 mins read

Bitcoin Miners’ Reserves Hit Record Low Amid Selling Surge

Data from CryptoQuant reveals that miners’ bitcoin reserves hit a new low which was last seen in May after a wave of withdrawals this week, suggesting increasing selling pressure as Bitcoin achieves a gain of over 13% in December. Miner reserves are the total amount of coins kept in the

December 30, 2023 1 min read

AI-Driven Deepfake Crypto Scam Targets Singapore Prime Minister

Prime Minister Lee Hsien Loong of Singapore has issued a public warning against a new kind of cyber fraud that employs deepfake technology. Recent Facebook posts of his have drawn attention to the proliferation of videos purporting to show him encouraging crypto frauds, which he claims are the product of

December 29, 2023 2 mins read

Bitcoin Witnesses Brief Uptick as Market Sentiment Remains Positive

Under the leadership of CEO Michael Saylor, MicroStrategy yesterday spent an unprecedented $615.7 million to purchase 14,620 BTC, at an average price of $42,110 in December. Renowned Bitcoin advocate Max Keiser explained Saylor’s lofty objective, which is at the heart of this and all earlier substantial transactions. Bitcoin Accumulation Spree

December 28, 2023 2 mins read

Cathie Wood Led Ark Invest Dumps Remaining Grayscale (GBTC) Shares

Dumping of cryptocurrency equities is ongoing as a due date for the anticipated approval of the spot Bitcoin ETF by the U.S SEC approaches. Following reports that Coinbase executives dumped their $COIN holdings, Cathie Wood’s asset management company Ark Invest allegedly dumped all of Grayscale Bitcoin Trust’s (GBTC) remaining shares.

December 28, 2023 1 min read

MicroStrategy Continues Accumulation Spree, Acquires 14,620 BTC

Amidst mounting speculation about the possibility of a spot Bitcoin ETF being approved in the U.S, business intelligence company MicroStrategy continues to accumulate Bitcoin. MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC

December 27, 2023 2 mins read

Grayscale Amends Bitcoin ETF Filing Amidst Barry Silbert Departure

Concurrent with Barry Silbert’s announcement of his departure from Grayscale’s board of directors, crypto asset management firm Grayscale filed an updated S-3 with the U.S securities regulator. Silbert is the CEO of Digital Currency Group, the business’s parent company. While the company waits for a judgment from the SEC, some

December 27, 2023 1 min read

Crypto VC Investment Plummets 68% to $10.7 Billion in 2023

From $33.3 billion last year to $10.7 billion in 2023, venture capitalists (VC) put 68% less money into blockchain and cryptocurrency firms. With a decrease in the second half and an increase in November, the majority of these investments occurred in the first half of the year. One interesting trend

December 27, 2023 1 min read

Barry Silbert Steps Down from Grayscale’s Board of Directors

Notable executives at cryptocurrency investment business Grayscale Investments have resigned from their positions on the board. The company runs the Grayscale Bitcoin Trust. In its 8-K filing with the U.S SEC on December 26, Grayscale formally revealed that Barry Silbert, founder and CEO of Digital Currency Group (DCG), the parent

December 26, 2023 1 min read