Tag Archives: Bitcoin News

It looks like the Grayscale Bitcoin Trust could be one of the few digital currency companies to get its way against the Securities and Exchange Commission (SEC). After several months of deliberation, the lawsuit the company filed against the federal financial agency could wind up taking a very unexpected turn. Grayscale Might Pull off a Win! Many companies have sought to take on the SEC in the past, though few have been successful. This is arguably what’s making...

Crypto regulation has been at the forefront of many Congress-led discussions for the past several years, but while democrats have spent a long time talking about it, they haven’t acted, and quite frankly, given the fact that so many of them have accepted donations from entities like Sam Bankman-Fried of FTX notoriety, we probably don’t want them getting involved in regulation in the first place. Is Regulation Finally Coming? It now looks like republicans are taking it...

Bitcoin fans are making fun of economist Paul Krugman after he vented on Twitter the other day about dealing with a particularly rough financial company. Is Krugman Getting a Taste of His Own Medicine? Krugman has long been anti-bitcoin and crypto. He’s offered words on his skepticism for some time, and it’s clear he’ll probably never take digital assets seriously. It’s obvious that there are many bitcoin fanatics out there that have taken his words somewhat personally...

Residents of Egypt are angry after being taken advantage of and falling victim to a cryptocurrency scam last August known as Hogg Pool. Hogg Pool Was Probably Never Real A promotional video for the company said it was founded in the year 2019 in the state of Colorado, though regulators believe this is false information. It was touted as a presenter of crypto and blockchain technology investments. Plans through the company allowing customers to invest their cash and...

Arthur Hayes says Maelstrom is “patient” and is currently only seeking to invest in projects that can prove their worth. Erstwhile BitMex CEO Arthur Hayes plans to beat returns offered by Bitcoin (BTC) and Ether (ETH). Together with former BitMex head of corporate development Akshat Vaidya, Arthur Hayes founded Maelstrom Capital, a fund they plan would considerably outperform the top two largest cryptocurrencies by market cap. The Maelstrom website describes the company as Arthur Hayes’...

The infamous hack of the Mt. Gox crypto exchange in 2014 saw it lose 850,000 Bitcoin (BTC) overnight. The situation around repaying creditors of the defunct Mt. Gox cryptocurrency exchange has reached yet another chapter. This follows after the just concluded registration exercise where clients who lost funds to the famous Mt. Gox hack were asked to come forward with their repayment information. In its most recent statement,  the exchange has confirmed that the time for registration has...

The trouble surrounding Silvergate is getting even bigger. So big, in fact, that the prices of many leading digital currencies – including bitcoin and Ethereum – took serious dips during the early weeks of March. Silvergate Crash Causes Crypto Assets to Sink Bitcoin, for example, fell from about $22,300 to just over $20,000 after news emerged that Silvergate was planning to shut down completely. The company said it will wind down all operations and liquidate the assets...

The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.  On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to successfully inscribe their Bitcoin-based NFT collections. Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows inscribing of digital assets on...

Block – the company formerly known as Square and run by Jack Dorsey of (past) Twitter fame – is looking into building what it’s calling a “mining development kit (MDK). Block Wants to Boost Bitcoin Mining Opportunities The goal is to establish a do-it-yourself bitcoin and crypto mining kit that retailers and individuals can use to extract their own units from the blockchain. Dorsey and his crypto-fanatical cronies are hoping this will help to educate more people about...

The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after it stated it has concerns about how well it can do in the future. Silvergate Is in Hot Water Silvergate is a crypto lender that lost billions of dollars in 2022 due to the ongoing volatility and market speculation. That year was easily the worst on record for crypto given how poorly assets did. Bitcoin, for example, lost...