Tag Archives: Bitcoin News

11 members of a drug operation have been arrested and jailed after taking part in an operation through which they sold 40 kilograms of cocaine on the streets of the United Kingdom. Crypto Crime in the United Kingdom is Getting Bigger However, once they were placed behind bars, their crimes didn’t end. They got in touch with friends and family members and used them to launder their criminal funds through Coinbase, one of the biggest and most popular digital...

Grayscale says it will do everything in its power to ensure it gets approval for a new bitcoin-based exchange-traded fund (ETF). Grayscale Wants the SEC to Approve All ETFs Also, the crypto company has asked that all the current bitcoin ETF applications the SEC is looking at be approved simultaneously. The bitcoin ETF train began in recent weeks through BlackRock, which is slated to be the big gamechanger in the world of crypto-centered ETFs. As a standard...

Bitcoin has come a long way. There’s no doubt about that, and it’s garnered a lot of fans along the way, but for some, bitcoin is nothing but a Ponzi scheme. This is the ultimate sentiment of State Street Global Advisors’ George Milling-Stanley, who oversees the world’s biggest gold exchange-traded fund. George Milling-Stanley: Gold Always Beats BTC In a recent interview, Milling-Stanley commented that while bitcoin has garnered a reputation for being “digital...

The House Financial Services Committee has approved new legislation that’s set to create a regulatory framework in the United States for digital currency trading. New Crypto Legislation Heads for the U.S. The legislation was largely pushed by republicans, though six democrats – including representatives Jim Himes of Connecticut, Steven Horsford of Nevada, Wiley Nickel of North Carolina, and Brittany Pettersen of Colorado – joined them in their efforts to cement...

Tim Draper of Draper Associates recently took part in an interview in which he commented that bitcoin is likely to outdo all other digital currency assets, and that it will maintain its position at the top of the virtual food chain. Tim Draper: The Ever-Loving BTC Fanatic He commented: I think we are going to see bitcoin rise above the other cryptos. Having a bank and government decide on what currency is good is not as effective as having a bitcoin where there is...

Gideon Powell – the chief executive of Texas-based petroleum company Cholla Inc. – thinks bitcoin miners are revolutionary people that are bringing new levels of innovation to the U.S. Gideon Powell on What Makes BTC Miners Important In an interview, he said: Thinking about this from a capability standpoint, the ‘compute cowboys’ are unlocking new power markets for data centers and thinking about the future of industrial manufacturing. It’s all in its infancy....

The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a result of the Financial Accounting Standards Board (FASB) approving new guidelines. Berenberg, a respected investment bank, has...

Rob Nelson – the anchor of Roundtable – recently hosted a discussion regarding the future of bitcoin and how it can help the world’s poor population. Bitcoin Can Do a Lot for Unbanked People The discussion took place in Miami and featured renowned BTC and crypto figures like Evilio Medina, the president of the Downtown Miami Chamber of Congress. The goal of bitcoin has always been to enable democracy in the world of finance. As things have turned out over the...

Presidential hopeful and crypto fan Robert Kennedy Jr. said that following the Bitcoin Conference in Miami this year (during which he gave a speech), he purchased 14 bitcoin units, two for each of his seven children. Robert Kennedy Purchases BTC for His Children In a recent interview, Kennedy mentioned: Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoins for each of my seven children. During the time that they...

Robert F. Kennedy Jr. – a presidential hopeful and known bitcoin fan – has serious qualms with how the Freedom Convoy was treated last year in Canada. Robert Kennedy on the Freedom Convoy Last Year The Freedom Convoy was comprised of truckers who were protesting the region’s sudden pro-COVID vaccine laws. The idea was that to work as a trucker, one now had to be injected with a vaccine that hadn’t been fully proven and was swirling with controversy. As a result,...