US Judge denies Changpeng Zhao travel to UAE despite $4.5B Binance equity offer
CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer. Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad. Sentencing for CZ, facing 10-18 months in prison, is set…
Swan Bitcoin announces mining business, revealing 750 BTC mined
Swan Mining started its operations in the summer of 2023, and has mined over 750 BTC. Currently, it has 4.5 exahash and expects to exceed 8 exahash by March. Swan Bitcoin, a US-based investment platform focused Bitcoin (BTC), has announced…
Silk Road Loot Goes Public: US Government To Sell Off $132.5M In Seized Bitcoin
The U.S. District Court for the District of Maryland announced its intention to sell a substantial amount of Bitcoin (CRYPTO: BTC), valued at approximately $132.5 million, which was seized in connection with the Silk Road scam investigation. The forfeiture involved…
Court Rules Against Trudeau In Canadian Truck Dispute, Bitcoin Expert Calls It A ‘National Travesty’
A Canadian federal court determined this week that Prime Minister Justin Trudeau violated the nation’s Charter of Rights and Freedoms. What Happened: Trudeau’s use of the Emergencies Act in 2022 was aimed at stopping truck drivers’ protests against COVID-19 mandates…
EXCLUSIVE: Is Crypto Mainstream Now? 4 Experts Weigh In At Benzinga’s Crypto & Blockchain Outlook
Experts from Grayscale, Tether and the Chamber of Digital Commerce reached a unanimous conclusion at Benzinga’s virtual Crypto & Blockchain Outlook webinar Thursday: the spot Bitcoin ETF approval has taken the cryptocurrency space from “not relevant to relevant.” But does…
US government plans to sell 17.8 billion yen worth of Bitcoin related to Silk Road
Will there be selling pressure on Bitcoin? The U.S. Department of Justice has filed a notice in court announcing its intention to destroy 2,934 BTC of bitcoins seized from the Silk Road dark web site. The notification was made on…
SEC postpones decision on Grayscale Ethereum spot ETF conversion application again
Successive postponements Following BlackRock’s postponement yesterday, Grayscale’s Ethereum spot ETF conversion application was also postponed by the SEC. connection: U.S. SEC postpones judgment on BlackRock’s Ethereum spot ETF, industry insiders and Chairman Gensler’s opinions In a filing on Tuesday, the…
9 Bitcoin ETFs including BlackRock bought over 100,000 BTC in the past week
Increased inflow, but outflow from GBTC is causing selling pressure Excluding Grayscale’s GBTC, nine Bitcoin spot ETFs, including BlackRock, currently hold and manage 109,221 (approximately $4 billion) of virtual currency BTC. For simple comparison, MicroStrategy currently holds 189,150 BTC. The…
Bitcoin does not respond to China’s 2 trillion yuan market stimulus plan | CoinDesk JAPAN
Chinese authorities are considering market stabilization measures worth 2 trillion yuan (approximately 40 trillion yen, equivalent to 1 yuan = 20 yen) to revive the sluggish stock market. The impact of this plan, which boosted markets in Hong Kong and…
1 in 10 US workers belong to unions − a share that’s stabilized after a steep decline
Members of the faculty union of the California State University system walk a picket line in December 2023. Frederic J. Brown/AFP via Getty Images CC BY-ND The share of U.S. workers who belong to a union fell slightly to 10%…