Category: News

Based on the latest data, the well-known Genesis address owned by Satoshi Nakamoto now holds over 100 BTC after someone inadvertently sent 0.10754671 BTC, valued at $7,211, to the wallet. The current value of the wallet, which has never been spent, is estimated at $6.75 million. Another Unintentional Bitcoin Transaction Pushes up the Value of […] Source: https://news.bitcoin.com/accidental-bitcoin-transfer-pushes-satoshi-nakamotos-genesis-wallet-over-100-btc/

Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to a failed crypto exchange, this token still holds a market valuation of $535 […] Source: https://news.bitcoin.com/despite-ftxs-collapse-ftts-535m-market-cap-highlights-crypto-absurdity/

Tether CEO Paolo Ardoino stated that the stablecoin company might put “significant resources” into developing a global peer-to-peer (P2P) financial markets terminal. Ardoino explained that decentralization in the payments area, where humanity is “getting rid” of the monopolistic intermediaries, could also improve the financial markets data industry. This would also allow exchanges to monetize their […] Source: https://news.bitcoin.com/tether-ceo-hints-at-development-of-global-p2p-financial-markets-terminal/

Historian Yuval Noah Harari criticized bitcoin, calling it a “currency of distrust.” The Nigerian naira has become the world’s worst-performing currency after erasing its early April gains due to ongoing foreign exchange shortages. Robert Kiyosaki warned of a potential collapse of the U.S. dollar if the BRICS nations launch a gold-backed cryptocurrency, predicting hyperinflation. Gold […] Source: https://news.bitcoin.com/yuval-harari-criticizes-bitcoin-naira-becomes-worlds-worst-performing-currency-and-more-week-in-review/

In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million of Unicredit’s assets, equivalent to about 4.5% of its […] Source: https://news.bitcoin.com/western-banks-face-major-asset-seizure-in-russia-amid-gazprom-subsidiary-dispute/

The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority […] Source: https://news.bitcoin.com/uk-shuts-down-crypto-advisory-firm-for-misleading-investors-and-poor-financial-records/

Coinbase, the largest US crypto exchange, is planning to tap into Australia’s $600 billion self-managed pension sector, according to a Bloomberg report. The company is developing a service tailored for this sector, aiming to cater to the growing interest in crypto investments among self-managed funds. This move comes amidst a significant increase in crypto holdings […] Source: https://news.bitcoin.com/coinbase-ventures-into-australias-600-billion-pension-market-with-tailored-crypto-services/