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Babel Finance Loses 8,000 BTC and $280 Million of Customer Funds
Babel Finance Loses 8,000 BTC and $280 Million of Customer Funds

Babel Finance, a crypto financial services firm, recently reported a whopping $280 million liquidation loss, which includes losing 8,000 BTC and a significant quantity of another token, according to a report from The Block.  Once again, a reminder that users can never be fully assured that their Bitcoin is

News  •  Bitcoin  •  Jul 30, 2022
U.S. Senators Express Outrage Over Fidelity Investments Bitcoin 401(k) Retirement Option
U.S. Senators Express Outrage Over Fidelity Investments Bitcoin 401(k) Retirement Option

Three U.S. senators wrote an open letter to the CEO of Fidelity Investments to express their disapproval of the firm's recent introduction of a Bitcoin 401(k) retirement plan. Senators Elizabeth Warren, Tina Smith, and Richard Durbin said it was “immensely troubling” that Fidelity offered exposure to

News  •  Bitcoin  •  Jul 28, 2022
Foundry Logistics Arm Offers One-stop Shop for Bitcoin Mining Equipment
Foundry Logistics Arm Offers One-stop Shop for Bitcoin Mining Equipment

Foundry Digital LLC announced on July 28th, 2022 the launch of Foundry Logistics, a new division that advances the company's goal of establishing high standards for dependability, efficiency, and transparency in the Bitcoin and cryptocurrency mining sector. The company specializes in mining Bitcoin and other cryptocurrencies while being

News  •  Bitcoin  •  Jul 28, 2022
Core Scientific To Expand Mining Operations by 75 MW
Core Scientific To Expand Mining Operations by 75 MW

Core Scientific Inc. (NASDAQ: CORZ), which holds the third largest Bitcoin stack by a publicly traded company after MicroStrategy and Tesla, has announced that they are expanding their mining operation by 75 megawatts (MW). The company expects $50 million in increased revenue from the addition of new ASICs to its

News  •  Bitcoin  •  Jul 28, 2022
Coinbase Faces SEC Probe on Crypto Listings
Coinbase Faces SEC Probe on Crypto Listings

Coinbase has faced significant amounts of scrutiny from the U.S. SEC since the platform decided to increase the amount of tokens listed on its platform. The company now faces an investigation by the SEC on its listings for whether or not it allowed American citizens to trade digital assets

News  •  Altcoins  •  Jul 28, 2022
Babel Finance Loses 8,000 BTC and $280 Million of Customer Funds
Babel Finance Loses 8,000 BTC and $280 Million of Customer Funds

Babel Finance, a crypto financial services firm, recently reported a whopping $280 million liquidation loss, which includes losing 8,000 BTC and a significant quantity of another token, according to a report from The Block.  Once again, a reminder that users can never be fully assured that their Bitcoin is

News  •  Bitcoin  •  Jul 30, 2022
Featured Articles 4 Articles
Business View All
Tesla Confirms No Bitcoin Sales During Q3
Tesla Confirms No Bitcoin Sales During Q3

Tesla confirmed no Bitcoin sales in Q3 2024, retaining its $184 million holdings for the fifth consecutive quarter.

Venmo Users Can Now Purchase Bitcoin Through MoonPay Integration
Venmo Users Can Now Purchase Bitcoin Through MoonPay Integration

Venmo users can now buy Bitcoin via MoonPay integration, except in New York and Texas.

Italy Considers Raising Bitcoin Capital Gains Tax to 42% From 26%
Italy Considers Raising Bitcoin Capital Gains Tax to 42% From 26%

Italy plans to raise the Bitcoin capital gains tax from 26% to 42% in its 2025 budget and eliminate the revenue thresholds for the Digital Services Tax.

Blockstream Raises $210M from Fulgur Ventures to Boost Layer-2 Innovation and Increase Bitcoin Holdings
Blockstream Raises $210M from Fulgur Ventures to Boost Layer-2 Innovation and Increase Bitcoin Holdings

Blockstream raised $210 million from Fulgur Ventures to expand Bitcoin infrastructure, layer-2 technologies, and tokenization efforts.

Blockstream Secures $210M Led by Fulgur Ventures To Drive Layer-2 Growth and Expand Bitcoin Treasury
Blockstream Secures $210M Led by Fulgur Ventures To Drive Layer-2 Growth and Expand Bitcoin Treasury

Blockstream aims to use new funding to accelerate market adoption of Layer-2 technologies, level up its mining business, and significantly expand its already-substantial Bitcoin Treasury, positioning it as one of the world’s largest.

Simplicity Launches on Liquid Testnet for Versatile Smart Contracts and Enhanced Bitcoin Functionality
Simplicity Launches on Liquid Testnet for Versatile Smart Contracts and Enhanced Bitcoin Functionality

Simplicity, a new smart contracting language, is now live on the Liquid testnet with developer tools and the Simfony companion language.

New Documentary Examines Tether’s Role Amid High Inflation
New Documentary Examines Tether’s Role Amid High Inflation

Stability and Freedom in Chaos explores how Tether (USD₮) offers financial stability in inflation-hit countries like Argentina, Turkey, and Brazil.

National Bank of Bahrain Launches Its First Bitcoin Investment Fund
National Bank of Bahrain Launches Its First Bitcoin Investment Fund

The National Bank of Bahrain and ARP Digital launched a Bitcoin fund for GCC investors with capped gains and downside protection.

Tether Celebrates 10 Years of Global Success With 350+ Million Users
Tether Celebrates 10 Years of Global Success With 350+ Million Users

Tether celebrates 10 years, serving 350+ million users with USD₮ and nearly $120 billion in market cap.

New HBO Money Electric Documentary Seeks To Unravel the Mystery of Satoshi Nakamoto
New HBO Money Electric Documentary Seeks To Unravel the Mystery of Satoshi Nakamoto

An upcoming HBO documentary reignites speculation about the identity of Bitcoin's creator, Satoshi Nakamoto.

Swan Bitcoin Sues Former Employees Over Alleged Theft of Mining Business
Swan Bitcoin Sues Former Employees Over Alleged Theft of Mining Business

Swan Bitcoin is suing former employees for allegedly stealing proprietary information to launch a competing mining company with Tether's support.

Boltz Unveils BTCPay Server Plugin To Facilitate Bitcoin Lightning Payments
Boltz Unveils BTCPay Server Plugin To Facilitate Bitcoin Lightning Payments

The Boltz BTCPay Plugin lets BTCPay Server merchants accept non-custodial Lightning payments and transfer funds to the Liquid Network.

PayPal Expands Services to Business Accounts for Buying, Holding, and Selling Bitcoin
PayPal Expands Services to Business Accounts for Buying, Holding, and Selling Bitcoin

PayPal now allows U.S. business accounts to buy, hold, sell, and transfer Bitcoin, expanding its crypto options for merchants.

Brink Contributes More Than $1 Million To Support Bitcoin Developers in the Past Year
Brink Contributes More Than $1 Million To Support Bitcoin Developers in the Past Year

Brink's 2023 report announced over $1 million in donations supporting Bitcoin protocol improvements.

SEC Greenlights Options Trading for BlackRock’s IBIT Spot Bitcoin ETF
SEC Greenlights Options Trading for BlackRock’s IBIT Spot Bitcoin ETF

The SEC approved options trading for BlackRock's iShares Bitcoin Trust, marking a key milestone for Bitcoin in traditional finance.

Politics View All
Pennsylvania House of Representatives Approves Bitcoin Bill
Pennsylvania House of Representatives Approves Bitcoin Bill

The Pennsylvania House passed HB-2481, protecting Bitcoin self-custody, tax exemptions, and node operation.

A Review of “Money Electric: The Bitcoin Mystery”
A Review of “Money Electric: The Bitcoin Mystery”

“Money Electric: The Bitcoin Mystery” moves from the search for Satoshi Nakamoto to exploring Bitcoin's resilience and global impact.

Italy Considers Raising Bitcoin Capital Gains Tax to 42% From 26%
Italy Considers Raising Bitcoin Capital Gains Tax to 42% From 26%

Italy plans to raise the Bitcoin capital gains tax from 26% to 42% in its 2025 budget and eliminate the revenue thresholds for the Digital Services Tax.

El Salvador’s President Bukele Discusses Bitcoin and Volcano Bonds With Argentina’s Vice President Villaruel
El Salvador’s President Bukele Discusses Bitcoin and Volcano Bonds With Argentina’s Vice President Villaruel

El Salvador’s President Bukele and Argentina’s Vice President Villaruel discussed Bitcoin and volcano bonds.

Louisiana State Government Begins Accepting Bitcoin Payments
Louisiana State Government Begins Accepting Bitcoin Payments

Louisiana now accepts Bitcoin for government payments, giving residents more transaction options.

Donald Trump Completes Historic Bitcoin Transaction at PubKey
Donald Trump Completes Historic Bitcoin Transaction at PubKey

Donald Trump, former U.S. president and Republican nominee, is the first U.S. president to publicly transact with Bitcoin.

Bhutan’s $780 Million Bitcoin Fortune From Mining Comes To Light
Bhutan’s $780 Million Bitcoin Fortune From Mining Comes To Light

Bhutan has mined over $780 million in Bitcoin using renewable energy, highlighting its growing role in digital assets.

UK Parliament Proposes Bill To Classify Bitcoin and Crypto as Personal Property
UK Parliament Proposes Bill To Classify Bitcoin and Crypto as Personal Property

The proposed law seeks to establish clear legal guidelines and safeguard the rights of Bitcoin and digital asset holders.

Trump Outshines Kamala Harris and the Democratic Party on Bitcoin
Trump Outshines Kamala Harris and the Democratic Party on Bitcoin

Trump and the Republicans' pro-Bitcoin stance underscores the Democrats' omission of the issue, putting them at a disadvantage.

Democratic Party Backs Away From Bitcoin in Election Platform
Democratic Party Backs Away From Bitcoin in Election Platform

In a move that could disappoint Democrats who understand and hold Bitcoin, the Democratic Party released their election platform document at their national convention on August 19th, 2024, with no mention of Bitcoin. This contrasts with the Republican election platform, released on July 9th, 2024, which, although general in nature

Robert F. Kennedy Jr. Outlines His Bitcoin Strategy for Day One as U.S. President
Robert F. Kennedy Jr. Outlines His Bitcoin Strategy for Day One as U.S. President

As the world navigates through a recession, Robert F. Kennedy Jr. finds himself increasingly on the political fringes. As an outsider, he lacks the mainstream credibility of established candidates, suitable only in stable times. However, with less than three months to the final vote, he could still surprise as the

Putin Approves Legislation Legalizing Bitcoin and Crypto Mining in Russia
Putin Approves Legislation Legalizing Bitcoin and Crypto Mining in Russia

Russian President Vladimir Putin has signed a new law legalizing Bitcoin and cryptocurrency mining in Russia, according to a report by Russian news agency TASS.  The legislation defines terms such as digital currency mining, mining pools, and mining infrastructure operators.  Mining activities are now classified as part of financial turnover,

Libertarian Party of Australia and JAN3 Discuss Bitcoin Policy Reform
Libertarian Party of Australia and JAN3 Discuss Bitcoin Policy Reform

John Ruddick, a Member of the NSW Parliament and representative of the Libertarian Party of Australia, recently announced a significant discussion with JAN3 about Bitcoin policy for Australia.  In his post, Ruddick highlighted the party's pro-Bitcoin stance and detailed the rationale behind their advocacy for this asset. Just

Russia Approves Bitcoin and Crypto for International Trade To Evade Sanctions
Russia Approves Bitcoin and Crypto for International Trade To Evade Sanctions

Russian legislators have approved a bill that allows businesses to utilize Bitcoin and cryptocurrencies for international trade, according to a Reuters report.  This move is part of Russia's strategy to bypass Western sanctions imposed after the Ukraine invasion.  The law, which is anticipated to come into effect in

Trump’s Bitcoin 2024 Speech Sparks Mixed Reactions on Social Media
Trump’s Bitcoin 2024 Speech Sparks Mixed Reactions on Social Media

Former President Donald Trump's recent speech at the Bitcoin 2024 Conference on July 27th has stirred a wide range of reactions on the social media platform X.  The speech, which included bold promises such as firing SEC Chairman Gary Gensler, creating a national Bitcoin stockpile, and making the

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