Keyword: crypto
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The Financial Times, perhaps THE arch-critic of cryptocurrencies over the past decade, has conceded that Bitcoin might just have a purpose. It’s just the latest data point that there is a great shift happening in how people view crypto, from ex-President Donald Trump to Larry Fink. They may not fully grasp what’s going on (who does?), but they sense it’s important. “The bitcoin bulls have been proved mostly right about its prospects as a long-term investment,” Rockefeller International Chair Ruchir Sharma wrote in an opinion piece titled “Once dismissed as fanatics, the bitcoin bulls must be feeling vindicated.” Noting that...
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The emergence of new technologies means demand is soaring for power across the country; in Georgia, "demand for industrial power is surging to record highs, with the projection of electricity use for the next decade now 17 times what it was only recently," Evan Halper said for The Washington Post. Northern Virginia "needs the equivalent of several large nuclear power plants to serve all [its] new data centers," Halper said, while Texas faces a similar problem. This demand is resulting in a "scramble to try to squeeze more juice out of an aging power grid." At the same time, companies...
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Bitcoin exchange-traded funds have been a smash hit, helping feed into a frenzy that has sent the cryptocurrency’s price to a record high. Bitcoin exchange-traded funds have been a smash hit, helping feed into a frenzy that has sent the cryptocurrency's price to a record high. Investors have piled into the funds at a historic clip since their Jan. 11 launch, with total assets in the 10 U.S. spot bitcoin funds on the market swelling to nearly $50 billion. BlackRock's iShares Bitcoin Trust eclipsed $10 billion in assets Thursday, the fastest a new ETF has ever reached that milestone. Fidelity's...
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Fairfax County, VA – Detectives and investigators from our Financial Crimes Division warn community members of Bitcoin and crypto-related scams being reported within the county. In over a dozen reported cases since the beginning of the year, our investigators have observed a trend in scams involving cryptocurrency. Criminals are exploiting individuals into depositing money into crypto ATMs and defrauding them of their money. 1/11/2024: Victim was scammed into depositing $10,500 into bitcoin ATM.1/12/2024: Victim was scammed into depositing $31,100 into bitcoin ATM.2/13/2024: Victim was scammed into depositing $10,000 into bitcoin ATM.2/14/2024: Victim was scammed into depositing $6,500 into bitcoin ATM.2/15/2024:...
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Bitcoin has reached a new all-time high for the first time in more than two years, as this year's rally - fueled by excitement over bitcoin ETFs and the upcoming halving event - accelerated...The price of the cryptocurrency topped $69,210 on Tuesday morning before retreating, according to Coin Metrics.
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Blue Note From crypto-focused site Blockworks: With bitcoin nearing its all-time high, eye watering nonfungible token sales appear to be cropping back up. A CryptoPunk just sold for 4,500 ether, worth over $16 million at current prices. That’s the second largest sale ever for the blue-chip NFT collection, trailing only a $23.7 million CryptoPunk purchase made in Feb. 2022. CryptoPunk 3100, the one that sold Monday morning, sold for $2,127 in 2017 before changing hands again for $7.58 million in 2021. There are 10,000 unique CryptoPunks. Each punk has randomly generated attributes, like differing glasses or hairstyles. Punk 3100 is...
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The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. [All time high - $69,000 - Nov 2021] [High today - almost $67,000]
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Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill Lynch, and Wells Fargo’s wealth management unit have begun offering some clients access to SEC-approved spot bitcoin exchange-traded funds (ETFs), Bloomberg reported Thursday, citing people familiar with the matter. Clients must have brokerage accounts and specifically request the bitcoin ETFs. A representative for Wells Fargo...
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Bitcoin blew past $60,000 for the first time in more than two years on Wednesday as the popularity of spot ETFs drove a renewed trading frenzy for volatile cryptocurrencies — and crashed popular crypto exchange Coinbase. The price of bitcoin soared to nearly $64,000 in the early afternoon, nearing it’s all-time high of $$68,789 in November 2021, before falling to around $61,000 by 6 p.m. That marked an 18% increase in the leading digital currency compared to one week ago and 40% bump compared to a month ago. In the midst of Wednesday’s rally, Coinbase, one of the largest digital...
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Bitcoin breaks $60.000.00
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LONDON/SINGAPORE (Reuters) -Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million. The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and...
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SINGAPORE, Feb 27 (Reuters) - Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy (MSTR.O), opens new tab that it had recently purchased about 3,000 bitcoins for an outlay of $155 million. The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United...
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2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings by almost $9 billion within the last two months. Bitcoin Creator’s Wealth Reaches $51B, Stash of Bitcoin Climbs Nearly $9B Higher in 2024 It is believed that upon the inception of the Bitcoin network, its founder, Satoshi Nakamoto, also mined the digital currency, amassing between...
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On February 14, 2024, a significant development unfolded in the financial regulatory landscape as four leading financial associations—the Bank Policy Institute (BPI), the American Bankers Association (ABA), the Financial Services Forum (the Forum), and the Securities Industry and Financial Markets Association (SIFMA)—jointly addressed a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). This letter represents a unified request from these influential bodies for the SEC to consider targeted modifications to Staff Accounting Bulletin No. 121 (SAB 121), a directive that has significantly impacted U.S. banking organizations’ ability to engage with digital assets since its issuance...
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Bitcoin marched higher to end the week, with its price breaching the $48,000 level for the first time since spot bitcoin exchange-traded funds began trading. [$47,800 as I post]
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A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country. Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan condominium bought for $8 million from Jeffrey R. Immelt, the former General Electric chief executive. And he is the majority owner of a Bitcoin mine in Texas, acquired last year for more than $6 million. Mr. Yu, a 23-year-old student at New York University, has also become — quite...
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Former President Donald Trump’s latest business venture sees him return to the world of crypto, once again leveraging a surprising network that he has come to favor within the space: Polygon. Trump has announced a non-fungible token (NFT) collection, portraying his now-infamous mug shot from Fulton County Jail in Atlanta, minted via the Layer 2, Ethereum-interoperable blockchain network, which currently has an $8.3 billion market cap. “Former President Donald Trump has backed (Polygon) not once, not twice, but three times total in 2023, making a bold statement into 2024,” explained TheStreetCrypto’s Austin Arnold in the video above. “And this is...
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Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty to money laundering violations, the government said on Tuesday, a stunning blow to the most powerful and influential figure in the global crypto industry. Binance itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution [and much, much more]
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Former FTX general counsel Can Sun, who was a key witness in the Sam Bankman-Fried trial, and former Alameda Research software developer Armani Ferrante are building a Dubai-based exchange called Backpack Exchange. Two former colleagues of recently convicted Sam Bankman-Fried are building a new crypto exchange just days after their former CEO was found guilty on seven charges of fraud. FTX’s former general counsel, Can Sun, and former Alameda Research software developer Armani Ferrante have teamed up to start Trek Labs, a Dubai-based company that recently obtained a license from the Virtual Assets Regulatory Authority, or VARA, which regulates digital...
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By day, Brian Krewson is a technical expert at computing giant Oracle. But by night he’s Mr. Poto, a fire-breathing, stilt-walking party entertainer, happy to perform at birthdays, weddings and corporate picnics. A Facebook photo from Halloween 2020 shows Krewson dressed in full methlab attire as a remarkably convincing Walter White, the infamous drug trafficker played by Brian Cranston in Breaking Bad. According to a Justice Department DOC, Krewson's resemblance to that character extends beyond appearance. The agency alleges that Krewson helped store and launder $54 million worth of cryptocurrency for two friends, Christopher Castelluzzo and Luke Atwell, who were...
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