James Zhong, a Silk Road scammer, admitted to stealing 50,000 BTC from the Silk Road darknet market in 2012. Zhong allegedly generated 140 transactions that prompted the Silk Road withdrawal processing system to deposit 50,000 BTC into his nine accounts, according to the U.S. Justice Department (DOJ). ICYMI 📣U.S. Attorney announces historic $3.36 billion cryptocurrency […]
Information about Bitcoin purchases made in El Salvador cannot be made public. BANDESAL, a national development bank in El Savardo, allegedly declined to provide the trustee, ALAC El Salvador, a non-governmental anti-corruption organization, with information about the nation’s Bitcoin acquisitions and transactions since the cryptocurrency became legal tender. Citizens’ access to information on BANDESAL operations […]
The analytics company Glassnode compared the bottom of the current Bitcoin market cycle with those from earlier bear markets in its “week on-chain” report on October 31. The recent relief recorded in the market appears to have dried up, following a double-top rejection at the $21,00 mark. The market was “hammering out a Bitcoin bottom, […]
The government of Hong Kong has intended to grant licenses for retail Bitcoin and altcoin trading as part of its effort to establish itself as a significant financial hub. According to a recent Bloomberg story, the city of Hong Kong is presently preparing to lift China’s prohibition on cryptocurrency retail trading within its province. In […]
Bitcoin, the most valuable cryptocurrency in the world by market capitalization, is expected to experience increased selling pressure if mining companies begin declaring bankruptcy, according to cryptocurrency analytics firm Messari. Public Bitcoin miners have been compelled to liquidate their shares to fund their activities. Due to a double dose of ill luck following the rising […]
The cryptocurrency community is bullish on Ethereum (ETH), the second-largest cryptocurrency in terms of its price at the end of November, as the market for cryptocurrencies continues to trade in calm waters with its key assets registering little volatility. According to the recent data obtained using a ‘Price Estimates’ tool on October 25, the community’s […]
According to the creator of Ark Invest, Cathie Wood, who purchased Bitcoin when it was only worth $250, she now owns almost $7 million worth of the digital currency. On the recommendation of Reagan-era economist Arthur Laffer, Wood purchased $100,000 worth of bitcoin, she revealed to Peter McCormack last week on the What Bitcoin Did […]
Does Bitcoin mining involve a shovel? The simple answer to this question is no. However, it is more complicated than that. Using the underlying blockchain technology, Bitcoin (BTC) is the first decentralized digital currency that permits peer-to-peer transfers without the use of third-party mediators like banks, governments, agents, or brokers. Regardless of location, anyone on […]
Binance Pool raises $500 million for new loan programs for Bitcoin miners.The company must have been driven to launch a new loan business for the miners by the recent upheaval from crypto mining businesses. For the loan, which can last up to 18 months, miners just need to provide security in the form of tangible […]
