Bitcoin Mining: Mexico Seizes 300 Rigs
Mexican authorities seized 300 crypto mining rigs illegally drawing power from a hydroelectric dam in Tlaola; electricity theft charges are pending. #Update #Crypto
Bitcoin
Bitcoin Custody: Block Seeks Bank Charter
Block, the company behind Square and Cash App, applied to the OCC for a charter to establish Builders Bank & Trust to custody Bitcoin and digital assets. #Update #Crypto $BTC
Bitcoin Bypasses US Sanctions as Iran Eases Rules
Iran’s central bank eases foreign currency controls, allowing businesses to use $USDT and $BTC for cross-border transactions amid US sanctions. Exporters can directly finance imports with earnings. #Update #Crypto $BTC
Bitcoin Trust Bank Charter Approved by Block
@Block has applied to establish Builders Bank & Trust, a federally regulated trust bank for Bitcoin and stablecoin custody services, pending approval from the Office of the Comptroller of the Currency. #Update #Crypto $BTC
Bitcoin Price Boosted by Tax Exemption
U.S. de minimis exemption for small bitcoin payments could generate $2.58B in net revenue over 10 years, potentially boosting $BTC adoption and price. #Update #Crypto $BTC
Bitcoin Faces XBT Ticker Grab Crisis
Neoxa Exchange’s BTCB2 ticker change to XBT sparks backlash over misleading branding, while Alphapool’s hashrate dominance raises decentralization concerns. #Update #Crypto
Bitcoin Custody Launches with Lloyd’s Insurance
Coincorner launched Vault, a multi-signature insured custody service for bitcoin, in partnership with Anchorwatch, following Coldcard wallet hacks involving nearly 2,000 BTC. #Breaking #Crypto $BTC
Bitcoin Holds Steady Above $78K Amid Strikes
Bitcoin remains above $78,000 amid escalating U.S.-Iran tensions, with U.S. strikes on Iranian tankers prompting threats from Iran. Oil prices rise sharply as conflict intensifies. #Update #Crypto $BTC
Bitcoin Surges as MENA Crypto Volume Triples
MENA crypto volume projected to rise from $100B in 2022 to $350B by 2025-2026, led by Turkey and UAE; Bitcoin and stablecoins gain as hedges. #Update #Crypto $BTC
Bitcoin-Themed Jordans Spark Controversy
@Strategy’s $250 Bitcoin-themed Jordans sold out, sparking criticism for not accepting $BTC. Meanwhile, Saylor invests $176M into STRC as Strategy pauses BTC purchases. #Update #Crypto
Bitcoin Acquisition Strive Buys 1375 BTC
@Strive acquired 1,375 $BTC for $109M, boosting its holdings to 24,531 BTC. ASST surged 114% in 30 days as SATA nears $1B. #Breaking #Crypto $BTC
Bitcoin Acquisition Strive Invests $109M
Strive acquired 1,375 $BTC for $109M, increasing holdings to 24,531 BTC. 70% of funds came from SATA stock, nearing $1B in value. #Breaking #Crypto $BTC
Bitcoin Crashes $264M Liquidations Pre-CPI
Bitcoin dips below $78,000, triggering $264M in crypto liquidations ahead of U.S. inflation data release. Long positions account for most losses. #Update #Crypto $BTC
Bitcoin Soars After Gold-Ratio Breakout
@ARKInvest CEO Cathie Wood reiterated Bitcoin’s potential as a technology platform and new monetary system, noting its current low correlation with gold as a bullish signal. #Update #Crypto $BTC