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In late December, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) released a proposed cryptocurrency regulation, as had been rumored previously. The document indicated that, if adopted, virtual asset service providers would need to verify the name and address of non-custodial wallet users for any transaction exceeding
As institutional capital continues entering Bitcoin, SkyBridge Capital announced on Monday that it has an "approximately $310 million" position in the asset. SkyBridge, which is led by Anthony Scaramucci, is an alternative investment fund operated in the U.S. In the press release announcing the position, SkyBridge claimed
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
News • Economy • Jan 04, 2021
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
News • Economy • Jan 04, 2021
In late December, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) released a proposed cryptocurrency regulation, as had been rumored previously. The document indicated that, if adopted, virtual asset service providers would need to verify the name and address of non-custodial wallet users for any transaction exceeding
News • Bitcoin • Jan 04, 2021
As institutional capital continues entering Bitcoin, SkyBridge Capital announced on Monday that it has an "approximately $310 million" position in the asset. SkyBridge, which is led by Anthony Scaramucci, is an alternative investment fund operated in the U.S. In the press release announcing the position, SkyBridge claimed
News • Bitcoin • Jan 04, 2021
MicroStrategy has been one of the largest buyers of bitcoin in recent months. The American business services company deployed $250 million into Bitcoin over August, then an additional $175 million in September. These two investments represented the first and second time a publicly-traded corporation had bought bitcoin for investment purposes.
News • Bitcoin • Jan 04, 2021
Federally chartered banks in the U.S. can now operate nodes and use stablecoins, according to a letter published by the Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Treasury department, on Monday. Specifically, the letter explains that banks may "connect to blockchains
News • Economy • Jan 04, 2021
The hardware wallet market is getting a new contender. Bitcoin infrastructure firm Blockstream is joining the game with its open-source hardware wallet Jade, according to a press release shared with the BTC Times on Sunday. The hardware wallet allows for the offline storage of bitcoin as well as all Liquid
News • Business • Jan 02, 2021
China's Bitcoin miners may be eyeing Sweden and the Nordic countries as a new home, but they may be crucially ignoring another place much closer to home. In a report released last month, Bitcoin mining and media firm HASHR8 identified Kazakhstan as a low-key newcomer in Bitcoin'
News • Bitcoin • Jan 01, 2021
After a couple of days at consolidation around $29,000, Bitcoin passed $30,000 on January 2nd and climbed as far as $33,300, before retracing to the $31,000 range. This latest milestone puts the cryptocurrency 50% above its previous all-time high of $20,000. It also marks a
News • Bitcoin • Jan 01, 2021