On July 23, Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. Lummis argues that this tax could severely impact the growing Bitcoin mining industry in the U.S., based on what she describes as “unfounded concerns” about environmental pollution and risks to the energy grid. Lummis’ Critique “Even if we assume the administration’s goals are genuine, this tax should still be rejected,”...
Read More »BTC Inc. Announces Xapo Bank as Title Sponsor of The Bitcoin Conference
TC Inc., the leading provider of Bitcoin-related news and events, is thrilled to announce today that Xapo Bank, the only fully licensed bank that makes it simple for members to bank with Bitcoin, will serve as the title sponsor of the world’s largest Bitcoin conference: The Bitcoin Conference 2024. This sponsorship underscores Xapo Bank’s commitment to innovation, Bitcoin adoption, and advancing retail banking solutions within the cryptocurrency space. Founded in 2013, Xapo Bank has evolved...
Read More »Biden’s Exit and Harris’s Rise Could Mean Short-Term Caution for Crypto Investors
President Joe Biden’s withdrawal from the 2024 election race caused a significant stir in the crypto market. Bitcoin initially fell by 3% in response to the news but later recovered and even tapped a multi-week peak. According to Bitfinex analysts, this was a knee-jerk reaction to temporary uncertainty in the market. By Monday morning, Bitcoin had climbed 0.9% over the past 24 hours, reaching over $68,000 for the first time since early June. Now all eyes are on what...
Read More »Are Mt. Gox Creditors HODLing The Newly-Received BTC?
Beginning in early July, the defunct crypto exchange – Mt. Gox – initiated repayments to creditors affected by the 2014 hack. While Kraken has completed the distribution of all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the former’s price remained stable. This could be due to the fact that creditors on Kraken have refrained from offloading their tokens. Mt Gox’s repayments had sparked significant concerns among crypto investors, who feared that many of the...
Read More »Crypto Liquidations Surged 150% Amid US Election Saga
Data supplied by Coinglass, a globally renowned platform for crypto data analysis, has shown that the crypto liquidity surged by 150% since President Biden announced that he’s stepping down in the presidential race. Vice President Kamala Harris was chosen as the replacement, but that didn’t change anything as the crypto market experienced a small downward momentum. Statistics Show That Bitcoin Leads the Chart According to Coinglass, Bitcoin sat atop the charts with $49.5 million in...
Read More »BTC Dropped to $65,500 as Mt. Gox Creditors Received Funds Via Kraken
BTC saw a 4% decline to $65,500 in value on Tuesday as Kraken sent funds, which constitute repayments, to Mt. Gox creditors. The defunct Mt. Gox, overseen by its bankruptcy estate, has chosen multiple exchanges to ensure prompt reimbursements to those who lost their funds in 2014 when it went bankrupt due to hacks that persisted for two years. Chosen exchanges, besides the obvious Kraken, include Bitstamp, Bitbank, BitGo, and SBI VC Trade. While Mt. Gox is working on moving funds to all of...
Read More »Proton lance un wallet Bitcoin
La société suisse Proton Technologies AG, qui propose un service de messagerie chiffrée et de VPN, vient d’annoncer le lancement d’un wallet Bitcoin open source. Ce service permet d’envoyer ou de recevoir du bitcoin en utilisant une adresse Proton mail. « Proton Wallet est un portefeuille self custodial, ce qui signifie que nous utilisons un cryptage de bout en bout pour garantir que vous êtes le...
Read More »Canaccord Tips Iris Energy to Become A-List Bitcoin Miner
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Read More »Proton Launches Bitcoin Self-Custodial Wallet with Email Transactions
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Read More »Fold Inc Poised for $500M IPO through SPAC Merger
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