Joe Burnett, a crypto analyst and senior product market manager at Bitcoin financial platform Unchained, has predicted that including MicroStrategy's stock in the S&P 500 index can result in widespread adoption of Bitcoin by both retail and institutional investors. In a video shared on his X handle, Burnett explained that ...
Read moreDetailsAn Australian police officer has been indicted and is currently undergoing court proceedings for stealing cryptocurrencies linked to a drug trafficking investigation, per local media reports. The accused cop, William Wheatley, allegedly stole 81.616 BTC from a crypto wallet identified during a joint investigation by the Australian law enforcement authorities ...
Read moreDetailsAustralian computer scientist Craig Wright is in a legal battle in the United Kingdom over charges brought by some cryptocurrency exchanges and developers for claiming to be Nakamoto Satoshi, the developer of Bitcoin. The trial hearing, which began on February 5, was marked by heated disagreements and serious allegations regarding ...
Read moreDetailsBitcoin's on-chain volume reached $1.21 trillion in January 2024, its highest monthly level since September 2022, according to data from The Block. The figure was more than double the $550 billion recorded in September 2023, highlighting a sharp increase in the value of Bitcoin moved on-chain. The jump came as ...
Read moreDetailsNayib Bukele is set to begin another five-year term as President in El Salvador as he boasts of a massive lead over his opponents, as indicated by exit polls reported by Reuters on Monday, February 2024. Provisional results revealed that Bukele had more than 80% of the votes cast by ...
Read moreDetailsEl Salvador went ahead with President Nayib Bukele’s reelection in February 2024, but the country’s Bitcoin policy later changed significantly. The government no longer requires businesses to accept Bitcoin, and taxes must be paid in US dollars. In February 2024, Vice President Felix Ulloa said Bitcoin would remain legal tender ...
Read moreDetailsIn the fiscal year 2023, US Bitcoin mining firm Core Scientific successfully mined over 19,274 BTC tokens, according to their recently released December and full-year production report. This impressive figure includes 13,762 self-mined tokens and 5,512 customer-mined tokens within its data centres. The mining firm also noted that it had ...
Read moreDetailsRenowned author Robert Kiyosaki has expressed a strong belief in Bitcoin as a robust defence against wealth erosion caused by inflationary policies and financial mismanagement by government authorities. Kiyosaki made this claim while explaining why he owns Bitcoin in a recent post on X. He attributed the devaluation of the ...
Read moreDetailsA crypto community stakeholder, Steven Lukba, has said the US government's planned sale of almost $130 million worth of Bitcoin is nothing compared to the outflows from Grayscale Bitcoin Trust Shares ($GBTC) ETF. A forfeiture notice, issued on January 10, outlined the government's intention to sell the 2,934 bitcoin seized ...
Read moreDetailsUS-based ETF issuers Invesco and WisdomTree have cut trading fees on their European exchange-traded funds by 60% in a bid to join the spurring war for market share by international ETF providers. Invesco and WisdomTree, currently the 6th and 10th largest spot Bitcoin ETF issuers in the U.S., are the ...
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