The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation and insider trading. On April 27, the government of Gibraltar published the 10th Regulatory Principle of the country’s financial services regulation. The details are revealed in…
Cointelegraph Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others. Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it really doing this? The team of experienced crypto analysts…
Fort Worth, Texas has launched a pilot program to mine Bitcoin in partnership with the Texas Blockchain Council. In a Tuesday city council meeting, Fort Worth approved a resolution to start running three Antminer S9 Bitcoin (BTC) miners donated by the Texas Blockchain Council in the city hall building. The pilot program was aimed at recognizing “the exponential growth of the blockchain…
In a 95-52 win, the New York State Assembly has voted to pass an act that would place a two-year moratorium on Bitcoin mining. The bill will now go to the State Senate for another round of voting. “Thrilled that my bill with Senate champion [Kevin Parker] A7389C/S6486D just passed in the Assembly as part of the #EarthDay Package!” tweeted…
The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling. Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin ETF added 1,132 BTC to its holdings. Data: Buy the dip interest “skyrocketing” Despite fears that Bitcoin is not yet done with its sell-off, an about turn…
A new class-action lawsuit alleges Intuit “intentionally, willfully, recklessly, or negligently” failed to protect Mailchimp data, leading to the theft of cryptocurrency from Trezor wallet users. The lawsuit, filed in California on Friday, claims the financial software firm and its subsidiary Rocket Science Group, which operates Mailchimp, are responsible for “millions of dollars of losses.” That includes $82,000 stolen from…
21Shares, a major issuer of cryptocurrency exchange-traded products (ETP), is launching a new ETP tracking a mix of Bitcoin (BTC) and gold. The Switzerland-based firm on Wednesday announced the launch of the 21Shares ByteTree BOLD ETP (BOLD), a new product aiming to provide inflation protection by tracking an index providing risk-adjusted exposure to both BTC and gold. Listed on the SIX…
Billionaire Tesla CEO Elon Musk has brought free speech front and center amid his imminent takeover of Twitter. Now, he’s finding support from the CEO of one of the crypto industry’s largest exchanges. “Elon buying Twitter is a great win for free speech, and probably changes the trajectory of the world more than most people realize,” tweeted the CEO of…
The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these assets — which ostensibly don’t have any kind of support behind them — can introduce systemic risks via…
Singapore-based crypto exchange Bybit has recently announced its service expansion into crypto options trading, allowing users to trade USD Coin (USDC) options and perpetuals. The Bybit media team told Cointelegraph that this decision to add options to the product line was in response to its community’s demands. Bybit noted that investors want to trade options because it can “serve as…
