Tag Archives: Bitcoin News

Singapore-stationed crypto mining firm Bitdeer Technologies Holding Co. is merging with a company known as Blue Safari Group Acquisition Corp. The former enterprise is controlled by Jihan Wu – a Chinese billionaire who is responsible for bringing Bitmain to life – and will begin trading on the Nasdaq once the $4 billion acquisition is complete. Bitdeer Has Some Big Plans As one of the most influential people in the digital currency space, Wu worked as the head equipment...

Just the other day, Live Bitcoin News reported on an auction that was taking place for an original copy of the U.S. Constitution. It was supposed to be only one of 13 copies of the original 500 that ultimately survived history and lasted the 230+ years that have gone by since it was first written. The Constitution Wasn’t Won with Crypto… A group of avid crypto fans – known as Constitution DAO – began collecting crypto funds from people everywhere through social media and...

The crypto space hasn’t been doing all that well, lately. The industry – which recently experienced a crash that brought it below the $3 trillion mark – has lost about $500 billion over the past seven days, as many investors have seemingly cashed out after bitcoin rose to a new all-time high of nearly $69,000. Bitcoin and Crypto Experience Further Drops We have seen this time and time again. Sadly, the space is filled with many individuals who have short-term goals. It...

A group of crypto fans are getting together to bid on a first edition copy of the U.S. Constitution. Buying the Constitution with Crypto… Can It Be Done? The group – which calls itself Constitution DAO – has allegedly raised more than $32 million in crypto funds from anonymous donors in under seven days. Apparently, they really want to purchase a piece of American history. At this stage, enough money has been raised that the individuals can compete with the heavy bidders...

Over the past few months, crypto has really taken precedence with traders and American politicians. For example, New York City’s mayor-elect Eric Adams wants to be paid in BTC. He also wants to see crypto taught in schools. Miami’s mayor Francis Suarez also wouldn’t mind bitcoin-based pay. Crypto Isn’t Loved By Everyone The point is that crypto is witnessing heavy growth in its popularity. Unfortunately, many environmentalists still don’t see the space as worthwhile....

A bitcoin-based exchange-traded fund (ETF) has made it onto the New York Stock Exchange (NYSE). Released by a company called Pro Shares, this product became the target of many crypto-related news headlines in recent weeks, and it has caused many people to see the digital currency space in a whole new light: one of legitimacy and precedence. A Physical Bitcoin ETF Is Needed for the Space to Grow Sadly, this and other recently greenlit ETF products are based on bitcoin...

A teenager hailing from the Hamilton, Ontario area of Canada has been arrested for allegedly taking part in a SIM swapping incident that stole as much as $46 million in crypto funds. The victim, who is unnamed at the time of writing, is situated in the United States. SIM Swapping Is a Big Problem The arrest occurred following a joint investigation led by the United States Secret Service Electronic Crimes Task Force and the Federal Bureau of Investigation (FBI), which...

Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike. Jon Cunliffe Thinks Crypto Presents Certain Hazards Over the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is...

Approximately four percent of the world’s cryptocurrency is held by billionaires. Many of them, according to recent reports, have obtained these funds through discreet family offices. Family Offices Keep Buying Crypto The situation is a tough one to evaluate for many reasons. For one thing, it is a bit disconcerting that crypto holdings could be so concentrated when it was designed to give power to general members of the public. There are so many people out there that...

The Perth Heat – a baseball team stationed in Australia – is now the first official sports team in which all staff members and players will garner their pay in bitcoin. The Perth Heat Sets a BTC Standard The idea of being paid in bitcoin is taking heavy precedence in the world of sports as of late. This fad was likely begun by Russell Okung, a former football player with the Carolina Panthers. Okung made headlines when he announced that he would be converting half of his...