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Does Bitcoin Have Competition?


Every time cryptocurrencies are brought up in conversations, the first thing that comes to one’s mind is bitcoin. And indeed, since the bitcoin came into existence many years ago, there was nothing similar on the market. It entered our lives slowly and left such an impression that no one even...

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal


The U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change...

104 Addresses Hold 70% of Tether, Research Reveals


The ownership of tether (USDT) turns out to be quite concentrated. According to a recent report, a few addresses control the bulk of the stablecoin, which is widely used by bitcoin traders. The finding comes on top of fresh accusations of creating a bubble levied in a lawsuit against tether’s...

Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto


Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about...

CFTC Unearths $11M Cryptocurrency Scam, Files Charges


The Commodity Futures Trading Commission (CFTC) of the United States, has declared to file a civil prosecution action against Nevada headquartered Circle Society. CFTC announced yesterday that it was indicting Circle Society and its owner, David Gilbert Saffron, on account of “fraudulent...

80% of Crypto Trade Volume Tracked by Blockchain Surveillance


Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday,...

Where US Regulators Stand on Crypto Assets


The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read:...

Bitcoin Price Breaks the Freeze Zone Around $8,300 and Drops to $8,100


BTC price books loss with its intraday movement The price breaks the freeze zone at $8,300 Bitcoin (BTC) was seen trading around $8,300 since a long time now. Last week, the price slipped to $7,900, but soon recovered and kept itself tight around the above-mentioned level. The current market...

G20 Informed Stablecoins Could Pose Financial Stability Risk


The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...

Bitcoin Wallet Electrum Will Support Lightning Network in Next Release


The Bitcoin wallet Electrum tweeted on October 14 that it will support the Lightning Network (LN) in its upcoming release. The announcement revealed that the company is set to install a more efficient inbuilt Python-based system. Integration with the Lightning network will be done after the release...

Street Artist Pascal Boyart Helps Venezuelan Creators Earn Crypto


Crypto-passionate street artist Pascal Boyart, well known in the space for being the first artist in his style to affix Bitcoin QR codes to his work, is now helping Venezuelan muralists and creators earn crypto. The Paris-based “Pboy,” also famous for hiding BTC in...

Bitcoin Buyers: 19th-Century UK Church for Sale at BTC 180


Source: a screenshot, Rightmove So you’ve amassed a small fortune in Bitcoin? If you’re now wondering what to do with all your tokens, a property owner in the United Kingdom would like a word. Per a post on real estate portal Rightmove, the vendor in question is selling a decommissioned church...

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