Tags : BTC

Bitcoin

Duo vanishes with 69,000 Bitcoin, stash worth $4 billion at

Two South African brothers made away with nearly 69,000 Bitcoin earlier this year, hacking one ‘Africrypt,’ their own exchange platform, and bagging one of the biggest crypto heists in dollar terms ever. Africrypt was set up in 2019 and advertised “bumper returns” for investors. But those hopes didn’t take long to turn into broken dreams. […]Read More

Bitcoin

VanEck files Bitcoin ‘mutual fund’ with SEC even as ‘whales’

Exchange-traded funds (ETFs) and mutual fund provider VanEck has filed for a new Bitcoin fund in the US, a filing with the Securities and Exchange Commission (SEC) shows. Routed via Cayman Islands Called the new “Bitcoin Strategy Fund,” the instrument will invest in Bitcoin “futures” and other publicly traded financial products that provide exposure to […]Read More

Regulation

BTC dumps after Agricultural Bank of China issues, deletes, and

The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled […]Read More

Bitcoin

MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC

Business analytics firm MicroStrategy has acquired 13,005 Bitcoin (BTC), CEO Michael Saylor said in a tweet today. The firm now holds over 105,000 Bitcoin in total as a result. “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin,” tweeted Saylor, adding: “As of 6/21/21 […]Read More

Bitcoin

Holder of 92,000 BTC explains why energy concerns aren’t Bitcoin’s

Michael Saylor discussed what he perceives as the biggest risk to Bitcoin, and it’s not to do with environmental, social, or governance (ESG) factors. Environmental, Social, and Governance (ESG) ESG refers to a set of standards that investors use to determine how a particular company stacks up in terms of social responsibility. Environmental criteria look […]Read More

Bitcoin

Bitcoin (BTC) miners in China plot plans to ‘go green’

Some of China’s storied Bitcoin miners are planning to use more renewable energy sources to power their expansive mining rigs, local outlet CGTN said today. Chinese officials said last month they would crackdown on mining farms for their high power usage and large environmental impact. One of the culprits was illegal coal extraction in some […]Read More

Bitcoin

A top Bitcoin whale picked up 3,706 BTC amidst brutal

A top Bitcoin whale picked up 3,706 BTC amidst brutal dip, data shows Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin › Investments BTC whales step up at a time when market uncertainty remains fearful. Samuel Wan · June 10, 2021 at 2:00 […]Read More

Bitcoin

Macau casino investor bets on Bitcoin (BTC) amidst a bleak

Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24.3 Bitcoin ($1.35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today. “In recent times, the Board observed increasing popularity of cryptocurrencies in the […]Read More