The syndicate had been operating for six months before being apprehended last week. Source
Indonesian Authorities Bust Synthetic Marijuana Lab Supported by Crypto
Day: May 7, 2024
Robinhood (HOOD) Would Likely Win Crypto Court Case With the SEC: KBW
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Grayscale’s spot Bitcoin ETF sees second day of consecutive inflows
Grayscale’s Bitcoin Trust (GBTC) experienced a second consecutive day of net inflows, marking a notable turnaround from the outflows exceeding $17.5 billion since the introduction of spot Bitcoin (BTC) ETFs in January. According to data provided by Farside Investors, GBTC, which stands tall as the world’s largest spot Bitcoin ETF, saw $3.9 million in inflows on May 6. While this figure pales in comparison to the capital influx of others such as the Fidelity Wise Origin Bitcoin Fund (FBTC), it was sufficient to secure GBTC its second consecutive day of…
Why Are Ethereum Whales Disappearing?
Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty after a steep price decline. Investors are on tenterhooks, with whales exiting their positions and the market sentiment teetering between fear and a glimmer of hope. Ethereum Price Struggles To Regain Footing Ethereum’s price has been on a rollercoaster ride in recent months. After reaching new highs in late 2021, the cryptocurrency plunged dramatically, leaving investors reeling. The recovery has been slow, with Ethereum currently hovering around $3,077 – a far cry from its peak. Source: Coingecko This lackluster…
Leading Colombian Conglomerate Bancolombia Launches Crypto Exchange, Introduces Peso Stablecoin
Bancolombia Group, one of the leading banks in Latin America and the biggest bank in Colombia, is entering the crypto business with the launch of Wenia, a cryptocurrency exchange. Wenia seeks to disrupt Bitso’s and Binance’s dominance in the cryptocurrency exchange industry in Colombia, and offer a Colombian peso-pegged stablecoin as part of its asset […] Source
What is B-money it and how it works
Why did B-money remain a theoretical concept, and how did Wei Dai’s ideas contribute to developing practical digital currencies like Bitcoin? In the late 90s, as the digital revolution was beginning to take shape, computer scientist Wei Dai introduced a concept that would lay the foundation for modern cryptocurrencies: B-money. This idea proposed a decentralized digital currency, challenging the traditional notion of centralized monetary systems. Unlike fiat currencies controlled by governments, B-money envisioned a currency created and managed by its users, having principles of decentralization and user autonomy. Let’s delve…
Binance CEO Teng Says Nigeria Must Release ‘Beloved Colleague’ Gambaryan
“As you may be aware, one of our beloved colleagues, Tigran Gambaryan, continues to be held by the government in Nigeria for more than 70 days,” Teng wrote in a blog post. “I also feel that it’s time to speak out about this issue on behalf of the global business community. To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide.” Source
The Next Big Catalyst For Bitcoin? What Michael Saylor Predicts
In an interview with journalist Natalie Brunell, Michael Saylor, executive chairman and co-founder of MicroStrategy, laid out his vision for what could next propel the price of Bitcoin. His insights come at a time when the digital currency landscape is experiencing pivotal regulatory and institutional developments. The Next Big Catalyst For Bitcoin Price Saylor pinpointed the specific moment he believes heralded the onset of a new era for Bitcoin. “January of 2024 marked the beginning of the period of corporate adoption of Bitcoin,” he stated. The significance of this shift,…
Bitcoin wallet developer Exodus to go public on New York Stock Exchange
Exodus Movement, Inc., the developer of non-custodial crypto wallet Exodus, is set to go public on May 9 on the NYSE American in a bid to create “long-term value” for investors. Crypto wallet maker Exodus Movement, Inc. received approval for its common stock for listing on the New York Stock Exchange (NYSE), the company announced in a press release on May 6. The company disclosed that its common stock had secured approval for listing on the New York Stock Exchange (NYSE). The Class A common stock, valued at $0.000001 per…
Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Traders: Reuters
The Australian Financial Review reported on Monday that “as part of a surveillance effort announced in April, the ATO said its latest data collection protocol would require designated cryptocurrency exchanges to provide the names, addresses, birthdays and transaction details of traders to help it audit compliance with obligations to pay capital gains tax on sales.” Source