Tag Archives: social

A fundamental aspect of Bitcoin’s appeal lies in its status as a form of currency resistant to censorship and immune to arbitrary regulations. The principle is that anyone with the means to cover network fees should be able to engage in transactions without requiring permission. However, a new report suggests that a major Bitcoin mining pool filtered transactions based on sanctions imposed by the US Office of Foreign Assets Control (OFAC). Asian-Based Bitcoin Mining Pool...

Binance is the largest crypto exchange in the world by volume. The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine. Furthermore, the exchange saw over $1 billion in outflows in under 24 hours as customers withdrew funds and tokens following the news. Supporters sent CZ an outpouring of sympathy and cheers on X.com. Here are three powerful...

CoinGecko, a prominent independent cryptocurrency data aggregator, has recently announced its acquisition of Zash. This strategic move is set to increase CoinGecko’s cryptocurrency services by incorporating Zash’s NFT information into its API, offering users a holistic perspective of fungible and non-fungible tokens. CoinGecko Announces Its Acquisition of Zash CoinGecko announced earlier this week the strategic purchase of Zash, a front-runner in the NFT data infrastructure...

On Nov 1, the IRS announced, “The limit on annual contributions to an IRA increased to $7,000, up from $6,500,” for the 2024 tax year. The 401(k) limit also went up by $500 to $23,000. That means Bitcoin investors who are saving for retirement with a self-directed Bitcoin IRA can now contribute $500 more next year. Bitcoin IRA Contributions Are Tax Deductible Saver investors looking to hedge inflation, diversify their portfolio, or add a risk-reward, high-growth tech play to...

While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe. COIN and MSTR Up by Triple Digits YTD After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political...

The realized capitalization for bitcoin has recently witnessed significant growth and increment, indicating an improvement in the liquidity conditions of the leading digital asset. According to a report by on-chain market analytics platform CryptoQuant, bitcoin’s growing realized cap and the rising stablecoin market cap are evidence of the influx of new capital into the crypto market. Bitcoin’s Growing Realized Cap The realized cap is a metric that helps estimate bitcoin’s...

The global division of Spanish financial institution Banco Santander – Santander Private Banking International – has reportedly introduced a new feature that enables customers with Swiss accounts to engage in the investment and trading of Bitcoin (BTC) and Ethereum (ETH). Given Banco Santander’s extensive history of more than 160 years and its broad customer base of 166 million individuals, the private banking division, which attends to 210,000 affluent clients and oversees...

United States prosecutors arrested three people for allegedly stealing $10 million from financial institutions and laundering the stolen funds using cryptocurrency exchanges. The individuals could each get up to over 80 years in prison if found guilty of the allegations. Defrauding Banks and Channeling Proceeds to Crypto Exchanges A press release by the U.S. Attorney’s Office for the Southern District of New York announced the arrest of Zhong Shi Gao, Naifeng Xu, and Feo...

The U.S. Securities and Exchange Commission (SEC) in its latest report revealed that the number of enforcement actions filed in the fiscal year 2023 (FY2023) increased by three percent from the previous record in the financial year of 2022. Some of the enforcement actions involved heavyweights in the crypto industry, with various accusations against cryptocurrency businesses and executives ranging from fraud to securities violations. Nearly $1 Billion Distributed to Harmed...

Ripple Labs and the SEC are in discovery for the remedies phase of the Ripple case until February. Meanwhile, Gary Gensler recently gave a speech in which he quoted the first SEC chair, Joseph P. Kennedy. That’s what started the X skirmish between the Commission and members of the crypto industry. Gary Gensler’s SEC Remarks Irk Ripple Labs In his speech, Gensler touted the original SEC chair’s words as a model for the agency’s ethical behavior as a government regulatory...