Kazakhstan’s authorities have confiscated 360 specialized Bitcoin ASICs as part of the country’s ongoing campaign to weed out “gray” crypto miners. According to an announcement published by the Financial Monitoring Agency today, officials have “identified persons engaged in mining activities in violation of the laws of the Republic of Kazakhstan.” “During the search, 360 units…
It looks like no matter how hard they try, Russian legislators are unable to tackle the topic of cryptocurrency regulation without near-banning digital assets. Further, some recent developments have shown that regulators’ right hand apparently doesn’t always know what the left is doing at best—or tries to undermine it at worst. Case in point, both…
Billionaire investor Kevin O’Leary revealed in a recent Stansberry Research interview with Daniela Cambone when will the price of Bitcoin appreciate dramatically, and why. The Shark Tank star, also known as Mr. Wonderful, explained why he sold his exposure to “dirty” Bitcoin miners and where he reinvested the capital. “Dirty” Bitcoin miners Until the market…
Bitcoin price performance might currently be leaving a bitter taste in the mouth of many crypto enthusiasts, but available data has shown that that has not reduced the level of competition amongst miners. Bitcoin mining difficulty keeps rising According to data from CoinWarz, Bitcoin’s mining difficulty reached a new ATH of 27.97 trillion earlier today….
Amid the crypto market meltdown, MicroStrategy stock slid as much as 15% before equity markets rebounded late Monday–following the US Securities and Exchange Commission (SEC) objecting to the company’s Bitcoin accounting strategy. The newly released filings show that the SEC rejected how Michael Saylor’s software company accounts for its crypto holdings. Unfavorable accounting ruling by…
Over 300,000 customers of Banca Generali will be able to purchase and hold Bitcoin this year. The feature was enabled through the bank’s partnership with cryptocurrency platform Conio, which will be integrated into Bance Generali’s Home Bank application. Bitcoin trading is coming to Banca Generali According to a recent report from We Wealth, Banca Generali’s…
The latest data from analytics company Glassnode showed that people have spent the last few months of 2021 hodling their Bitcoin. And according to various on-chain metrics, this trend is set to continue in the coming months. Even Bitcoin’s fall below $48,000 can’t shake these diamond hands After reaching its all-time high of almost $69,000…
The intense bull run Bitcoin experienced this year pushed more than just its price up. As the world’s largest cryptocurrency inched closer to its all-time high, the eyes of the entire world seemed pointed at Bitcoin. This is most evident when analyzing social media posts, which show that there has been a huge increase in…
Last week, sources in the financial markets industry revealed that Russia’s central bank (Centrobank) wants to bar the country’s residents from buying Bitcoin and other cryptocurrencies. Consequently, one of the currently considered ways of doing so is to block certain merchant category codes (MCCs), a knowledgeable source revealed to Forbes today. An MMC is a four-digit…
The Federal Bureau of Investigations (FBI) has taken the first legal action to return 3,879 Bitcoin (roughly $190 million)—which it recently seized from an alleged embezzler—to insurance company Sony Life, a subsidiary of Tokyo-based Sony Group Corporation. According to the agency’s complaint for forfeiture filed with the U.S. District Court of Carolina on December 20,…