Glassnode, a blockchain analytics company, reports that the number of Bitcoins held by long-term holders has hit a new high of 14.599 million. A total of 43,949 Bitcoin, or almost $1.274 billion has been added to these wallets during the last week. Addresses that have held Bitcoins for 155 days
The National Crime Agency (NCA) of the UK is looking to hire four senior investigators to join its Complex Financial Crime Team and look into offenses involving digital assets. The job entails looking into organized criminal organizations’ use of blockchain technology for things like high-end crypto fraud and money laundering.
While Bitcoin (BTC) trading below $30K range, experts are pointing to bullish indicators that hint at the possibility of Bitcoin reaching an all-time high in the near future. Blockstream, a leading blockchain technology service provider, CEO Adam Back, one of crypto pioneers recently engaged in a million-dollar wager regarding Bitcoin’s
To enable the transmission of orders and signals to Bitcoin mining gears, Tether developers are releasing ground-breaking JavaScript libraries. Tether CTO Paolo Ardoino announced on Twitter that certain components of the mining software would be released as open source in the future. Improved efficiency in managing mining capacity is the
With its financial markets regulator soliciting public views on its proposed regulatory framework controlling digital assets, such as cryptocurrency. The Sultanate of Oman is moving closer to adopting its own virtual asset rules. Based on feedback from the public, the Capital Market Authority (CMA) of Oman released a consultation document
Investors in Bitcoin (BTC) are in a bind as the value of the leading cryptocurrency continues to consolidate. Crypto whales are being driven away as evidenced by the 30% volume drop. The price of Bitcoin is $29,054 at the time of writing as per data from CMC. Earlier on Aug
On Friday, Global X joined other industry participants in submitting paperwork to list a spot bitcoin exchange-traded fund (ETF) product. If the fund gets the go-light from regulators, it will boost widespread Bitcoin exposure. In addition to Grayscale’s petition to appeal the SEC’s denial of its intended spot-bitcoin ETF conversion,
Valkyrie, a major participant in the financial industry, has filed a Form 497 detailing their ambitious goal to convert their current fund, $BTF, into a revolutionary dual Bitcoin and Ether Exchange-Traded Fund (ETF) ahead of time. Bloomberg’s ETF Analyst, Eric Balchunas, claims that on October 3rd, the company will take
Revolut has decided to discontinue offering cryptocurrency trading services to US users as of September 2023. This is due to regulatory uncertainties in the US. On Friday, August 4th, a Revolut representative stated that from September 2nd, the company will no longer enable customers in the United States to purchase
Block Inc., a company that facilitates Bitcoin payments, has announced that its gross profit for the second quarter of 2023 was $1.87 billion, up 27% year over year. In addition, Bitcoin accounted for $2.4 billion of the firm’s reported $5.5 billion in net revenue during the second quarter. Bitcoin revenue
