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Square Sends Letter to FinCEN Over Proposed Crypto Wallet Ruling
Square Sends Letter to FinCEN Over Proposed Crypto Wallet Ruling
News  •  Bitcoin  •  Jan 04, 2021 by Nick Chong

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

SkyBridge Capital Confirms $300 Million Bitcoin Position
SkyBridge Capital Confirms $300 Million Bitcoin Position
News  •  Bitcoin  •  Jan 04, 2021 by Nick Chong

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

A Tale of Two Currencies
A Tale of Two Currencies

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
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A Tale of Two Currencies
A Tale of Two Currencies

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
Square Sends Letter to FinCEN Over Proposed Crypto Wallet Ruling
Square Sends Letter to FinCEN Over Proposed Crypto Wallet Ruling

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
SkyBridge Capital Confirms $300 Million Bitcoin Position
SkyBridge Capital Confirms $300 Million Bitcoin Position

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 Is Now Up Over $1 Billion on Its Bitcoin Purchases
MicroStrategy Is Now Up Over $1 Billion on Its Bitcoin Purchases

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
U.S. Banks Can Run Nodes and Facilitate Stablecoin Payments: OCC
U.S. Banks Can Run Nodes and Facilitate Stablecoin Payments: OCC

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
Blockstream Launches Open-Source Hardware Wallet for Bitcoin and Liquid Assets
Blockstream Launches Open-Source Hardware Wallet for Bitcoin and Liquid Assets

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
Why More Bitcoin Miners Now Choose Kazakhstan
Why More Bitcoin Miners Now Choose Kazakhstan

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
Bitcoin Hits $33,000 as Investors Eye Further Gains for 2021
Bitcoin Hits $33,000 as Investors Eye Further Gains for 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
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