(Bloomberg) — Bitcoin’s rally has hit a pace bump, placing it on monitor for the worst weekly slide in virtually a yr amid wider losses in threat property. The most important cryptocurrency slumped as a lot as 23% this week, probably the most because the pandemic-fueled selloff final March. The broader Bloomberg Galaxy Crypto Index,…
February 26, 2021 Anchorage acquires banking charter and will practically start its own bank while raising $80 million in series C funding as we can see in today’s crypto news. Anchorage became the first crypto company to secure a federal banking charter, it closed an $80 million Series C round led by Singapore’s sovereign wealth…
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Canada-based Evolve Funds Group said it has lowered the management fee on their Bitcoin ETF by 0.25 percentage point to 0.75% just days after it was launched. To compare, Purpose Bitcoin ETF, which…
Now that it’s income tax filing season, people holding bitcoin and other cryptocurrencies will see the IRS is actually very curious about a taxpayer’s cryptocurrency transactions. So much so, they’ve tweaked the first page of the Form 1040 — the main piece of income tax paperwork taxpayers file yearly — to ask taxpayers if they’ve…
Craig Wright, the individual that claims to be Satoshi Nakamoto, seems to be planning to initiate legal action against a number of open-source blockchain developers. Wright’s legal team, Ontier LLP, has allegedly sent letters to programmers who work on blockchains like Bitcoin, Bitcoin Cash, and Bitcoinsv as well. The self-styled Bitcoin inventor’s legal action letters…
Bitcoin has surged to never-before-seen highs over recent weeks, breaking through to levels that seemed unimaginable just a few months ago. MORE FROM FORBESDoge King: One Cryptocurrency Account Revealed To Hold 36 Billion Dogecoin-Worth Over $2 BillionBy Billy Bambrough The bitcoin price has climbed to around $50,000 per bitcoin in recent weeks, smashing through its…
Bitcoin pioneer and Blockstream CEO Adam Back says Square’s massive BTC purchase is a sign that institutions are scooping up the leading crypto asset amid the marketwide correction. Back, who created a proof-of-work system before Bitcoin was invented, explains to his 247,500 followers the significance of Square’s latest BTC investment. “Worth noting… from the $51,000…
February 24, 2021February 24, 2021 In the Q4 earnings report, Square revealed that it purchased even more BTC. The company also reported $1.76 billion in revenue from BTC trading in Q4. Now, Square purchased another $170 million or 3,318 bitcoins which is on top of the 4,709 BTC that is bought and added to its…
February 24, 2021February 24, 2021 The price extended the decline and tested the $45K support against the US dollar but the price is now recovering the losses while the $52K zone could act as a strong resistance. BTC dropped heavily below $50K and tested the $45K support zone. However, the price is now recovering well…
One of Cape Cod’s largest hospitals received two bitcoin donations this year totaling $800,000 in value. The Massachusetts-based not-for-profit medical centre (NPO), Cape Cod Healthcare, explained that an anonymous donor donated $400k last Friday and the NPO received a $400k bitcoin donation last month as well. The hospital Cape Cod Healthcare (CCHC) is considered one…
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