Blockstream CEO Predicts Bitcoin Will Need To Reach $700,000 To ‘Surely Flip Physical Gold’
Blockstream CEO, Adam Back, a key player in the development of technologies like the Bitcoin (CRYPTO: BTC) Lightning Network, said the apex cryptocurrency will have to reach $700,000 to outperform physical gold. What Happened: Back said on X, “Digital gold…
Kenya’s new proposed law could lead to the taxation of 4 Million crypto traders
Members of Kenya’s parliament are pushing for a law that would allow for the taxation of the country’s crypto traders. The bill in question if passed will ensure that an estimated four million Kenyan cryptocurrency traders would be taxed. Kenya’s…
BlackRock and others submit revised version of Bitcoin ETF application, expectations increase for simultaneous SEC approval
Expectations for simultaneous approval of Bitcoin ETFs U.S. asset management giants BlackRock and Bitwise have submitted a revised application form (S-1 form) for a spot ETF for the crypto asset (virtual currency) Bitcoin (BTC) to the U.S. Securities and Exchange…
BlackRock Secures $100K Seed Funding For Proposed Spot Bitcoin ETF
Investment giant BlackRock Inc. (NYSE:BLK) secured $100,000 as seed funding for its proposed Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF), according to a recent Securities and Exchange Commission (SEC) filing. What Happened: BlackRock revealed this investment was made in October. An…
Why We’re Publishing Never-Reported Details of the Uvalde School Shooting Before State Investigators
by ProPublica, The Texas Tribune and FRONTLINE ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. This article is produced in collaboration with The Texas Tribune and…
SoFi Shuts Down Crypto Trading: What You Need To Know
SoFi Technologies Inc. customers will have two options to choose from as the company plans to shut down its crypto services by Dec. 19. The default option is to liquidate and close your account. Customers who select this option will…
Bitcoin ETFs: Taiwan Takes Caution Despite Global Frenzy, Citing Crypto Volatility
Taiwan is cautiously approaching the introduction of cryptocurrency exchange traded funds (ETFs), with the Financial Supervisory Commission (FSC) indicating a need to closely monitorglobal trends in the crypto market. What Happened: The FSC has noted the significant price volatility in…
Planet for Sale? Record 2,500 Fossil Fuel Lobbyists Descend on COP28 U.N. Climate Summit in Dubai
This year, there are at least 2,456 lobbyists at COP28, the U.N. climate summit in Dubai — nearly four times as many as last year — from companies like Shell, Total and ExxonMobil. The lobbyists outnumber the delegations of every…
Riot purchases BTC miners worth $290M from MicroBT
Riot has announced its largest hash rate purchase with 18 EH/s supply from MicroBT. The 66,560 latest generation M66S model BTC miners will cost $290.5 million. Riot stock price rose following the news, trading to above $15 on Monday, December…
US Stocks Falter, Bonds, Dollar Gain, While Bitcoin Soars Past $43,000 On Rising Institutional Interest: What’s Driving Markets Tuesday?
The momentum on Wall Street during Tuesday’s session continues to lack strength as investors carefully scrutinize the most recent economic data. Moody’s decision to lower China’s credit rating outlook from stable to negative also weighed on risk propensity. While service…