According to the US Department of Justice, Wolf Capital’s co-founder has pleaded guilty to wire fraud conspiracy for luring 2,800 crypto investors into a Ponzi scheme. Source: https://cointelegraph.com/news/crypto-trading-wolf-capital-ceo-pleads-guilty-wire-fraud-charges-us-doj?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
North Dakota Considers Crypto Reserve as State Bitcoin Treasuries Gain Momentum
North Dakota is the latest U.S. state to consider including Bitcoin in its balance sheets. On Friday, the North Dakota State Legislature introduced a resolution aimed at investing “select state funds in digital assets and precious metals.” Resolution 3001 aims to curb the impact of inflation on North Dakota’s finances by diversifying the assets the state invests in. North Dakota…
Bitcoin’s Hashrate Takes a Nosedive: Miners Grapple With Plummeting Profits
Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalent […] Source: https://news.bitcoin.com/bitcoins-hashrate-takes-a-nosedive-miners-grapple-with-plummeting-profits/
Hal Finney’s Wife Celebrates Iconic ‘Running Bitcoin’ Post 16-Year Anniversary With Fourth ALS Run
Just seven days after Satoshi launched the Bitcoin network on January 3, 2009, Hal Finney, the first person to ever receive a bitcoin payment, announced to the world that he too had fired up a Bitcoin node. “Running bitcoin,” Finney tweeted on January 10, 2009, and those two words have become iconic in the Bitcoin […] Source: https://news.bitcoin.com/hal-finneys-wife-celebrates-iconic-running-bitcoin-post-16-year-anniversary-with-fourth-als-run/
This Publicly Traded Distiller Is Launching a Bitcoin Treasury Reserve
The number of publicly traded companies adopting the Bitcoin standard is growing, and the latest to go in on the orange coin is spirits firm Heritage Distilling. Heritage Distilling, which trades on the Nasdaq under the ticker CASK, said Friday that it would start to hold the cryptocurrency as a “strategic asset” and accept it for payments. The plan is…
Russia Begins Liquidating Seized Bitcoins From Bribery-Convicted Official
The Russian government has started selling part of the 1,032 bitcoins seized from former investigator Marat Tambiev, convicted of taking bribes. Russian Authorities Seize Real Estate Belonging to Bribery-Convicted Official The Russian government has reportedly begun selling a portion of over 1,032 bitcoins (BTC) seized from a former investigator, Marat Tambiev, who was convicted of […] Source: https://news.bitcoin.com/russia-begins-liquidating-seized-bitcoins-from-bribery-convicted-official/
Bitcoin corporate treasury shareholder proposal submitted to Meta
“Due to its verifiable fixed supply, Bitcoin is the most inflation-resistant store of value available,” the proposal read. Source: https://cointelegraph.com/news/bitcoin-corporate-treasury-proposal-meta?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Bitcoin reserve would have ‘profound’ impact on adoption: CoinShares
The Bitcoin Act’s passage could eventually send BTC’s price past $1 million per coin, industry executives say. Source: https://cointelegraph.com/news/us-bitcoin-reserve-profound-impact-adoption-coinshares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Spot Bitcoin ETFs Celebrate 1 Year With $106.82 Billion in BTC Reserves
Two days ago on Jan. 8, spot bitcoin exchange-traded funds (ETFs) and their ether equivalents faced significant outflows, yet the group has amassed a staggering $118.56 billion in bitcoin (BTC) and ether (ETH) holdings since their debut on U.S. stock exchanges. From 5.5 Months to 1 Year: Crypto ETFs Reshape Investment Trends With $118.56B in […] Source: https://news.bitcoin.com/spot-bitcoin-etfs-celebrate-1-year-with-106-82-billion-in-btc-reserves/
New Hampshire, North Dakota introduce bills for Strategic Bitcoin Reserve
According to Satoshi Action Fund CEO Dennis Porter, the North Dakota BTC bill “already has 11 sponsors.” Source: https://cointelegraph.com/news/new-hampshire-north-dakota-strategic-bitcoin-reserve-bills?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound