Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Japan’s SBI Holdings partners with US investment firm Franklin Templeton to launch a Bitcoin ETF-focused investment company. With SBI holding a 51% stake, this move aligns with Japan’s anticipated easing of Bitcoin ETF regulations. #BitcoinETFs #CryptoMarket #FinanceNews
Coinbase liquidated a Chinese investor’s Bitcoin due to inactivity, transferring funds to Wyoming’s Unclaimed Property Division. This highlights the risks and importance of managing digital assets. “Not your keys, not your coin,” noted one commenter. Potential asset recovery is possible by proving identity. #Update
Senator Cynthia Lummis (@CynthiaMLummis) to propose a bill at Bitcoin 2024 requiring the Federal Reserve to hold Bitcoin as a strategic reserve asset. This historic move aims to strengthen U.S. financial reserves and boost cryptocurrency adoption. #Bitcoin #Update
Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
Sen. Cynthia Lummis will propose legislation to designate Bitcoin as a strategic reserve asset at the Bitcoin 2024 conference. If passed, this bill could see the Federal Reserve holding Bitcoin, enhancing U.S. financial stability. #Bitcoin2024
Riot Platforms, Inc. acquires Block Mining, Inc. for $92.5M to boost hash rate. The deal includes 60 MW capacity, aiming to hit 100 EH/s by 2025. Analysts raise 2024 revenue estimates to $344.2M. #CryptoNews #Update
? Major news! The Bitcoin Conference in Nashville, July 25-27, will feature key speakers like Donald Trump and Robert F. Kennedy Jr. Trump now supports Bitcoin and accepts crypto for his campaign. Expect discussions on crypto’s future and policy impact. #BitcoinConference2023
Bitstamp begins distributing $BTC, $BCH, and $ETH to Mt. Gox creditors, ending a decade-long wait for 20,000 investors. This follows Bitcoin’s rise from $600 in 2014 to about $51,000 today. Over $9 billion in cryptocurrencies are being returned. #CryptoNews
Bitstamp will distribute $BTC, $BCH, and $ETH from Mt. Gox to hack victims starting July 25. Reportedly, 2,619 $BTC worth $172M was moved to Bitstamp, while 32,371 $BTC valued at $2.13B went to an unlabeled wallet. #Update
Proton, the Swiss privacy company, launched Proton Wallet, a self-custody wallet for $BTC. It lets users send Bitcoin via email and buy BTC in 150+ countries. Security features include 2FA and Proton Sentinel. #CryptoNews
Crypto.com celebrates its 8th anniversary by launching a groundbreaking Bitcoin ad on the MSG Sphere in Las Vegas. This makes Bitcoin the first cryptocurrency to be featured on the 54,000 sqm LED screen, underscoring its mainstream acceptance. #Bitcoin #Update
Senator @CynthiaMLummis opposes a 30% energy tax on Bitcoin miners, arguing it risks pushing the industry overseas and stifles innovation. Up to 52.6% of Bitcoin mining is emissions-free, and the tax targets even off-grid sources. #CryptoNews
?? The Russian parliament passes a bill to use crypto for international trade and legalize crypto mining, effective Sept 1, 2024. This move aims to counteract Western sanctions and boost trade with China, India, and Turkey. #CryptoNews #Update
Europol’s April 2024 IOCTA report highlights Bitcoin’s dominance in cybercrime, especially in fraud and money laundering. It also notes a rise in the use of stablecoins like $USDT and privacy-focused currencies like Monero. New AML regulations aim to counteract these trends. #Update
