The newest development involves allegations of securities law breaches at the Montana Data Center. Which has led to a subpoena being issued to Bitcoin miner Marathon Digital Holdings by the U.S SEC. Marathon Digital said on Wednesday, May 10th, in filings: “The Company received an additional subpoena from the SEC
BDO Italia, one of the major international networks of audit and professional services, has revealed that Bitcoin has made up around $1.5 billion of the Tether reserves, which is nearly 2% of the total at the end of Q1. Recently, the stablecoin issuer Tether released the Q1 2023 results. According
The recent sale of $98K worth of Bitcoin by the US government has caused a stir in the cryptocurrency market. While the amount sold relatively small compared to the total market cap of Bitcoin, it has raised concerns among investors about potential market manipulation and the government’s stance towards cryptocurrencies.
With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from these coins. Founded in 2016, Gbitcoins is one of the earliest companies that provide cloud mining services by taking minimum charges and giving lucrative rewards to the miners. Thus cloud
Galaxy Digital, a leading cryptocurrency investor, is the latest significant player to leave the United States in response to the recent governmental onslaught. CEO Mike Novogratz of Galaxy Digital made the decision to relocate the company’s operations on Tuesday, May 9. He cited the challenging regulatory climate in the United
According to the US Bureau of Labor Statistics, annual inflation in the United States for April came in at 4.9%, which was lower than the consensus estimate of 5%. In addition, after increasing by 5.6% in March, the annual core inflation rate declines to 5.5% in April. As a consequence,
Investors in digital assets are experiencing a shift in sentiment as fund outflows increased in the week ending May 7, 2023. According to CoinShares’ latest digital asset fund flows weekly report, investment products saw outflows of $54 million, marking the third consecutive week of negative sentiment. Bitcoin was the primary
Nearly 400 virtual asset service providers (VASPS) in Estonia have either voluntarily shut down or had their licenses canceled. This is post the government’s new, stricter Terrorist Financing Prevention and Anti-Money Laundering rules (AML) went into effect in March. The Financial Action Task Force Travel Rule was implemented. Moreover, the
The Ordinals protocol is transforming the world of Bitcoin by allowing people who operate Bitcoin nodes to inscribe each sat with data, creating Ordinals ($ORDI) token. To note, the token is now available on many centralized exchanges. Bitcoin is highly sought after due to its unique features such as its
When it comes to establishing guidelines for Hong Kong’s cryptocurrency sector, the government has been quite transparent. According to the most recent data, the Securities and Futures Commission in Hong Kong will shortly publish regulations for the cryptocurrency sector. Regulators in Hong Kong have warned cryptocurrency businesses not to count
