The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department wing tasked with monitoring potential legal violations of domestic financial laws, wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset service providers. FinCEN announced its intention...
Month: December 2020
4 reasons why the top 15 richest Bitcoin wallets still matter in 2021
Transparency is one of the most intriguing aspects of cryptocurrency and it was this openness that drew many early supporters to Bitcoin (BTC). Blockchain technology makes all information associated with the network’s operation accessible for anyone interested in taking a look. Every known address, transaction,...
Market Wrap: Bitcoin Closes 2020 Near Record Highs – CoinDesk
The Takeaway: Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours. Bitcoin’s 24-hour range: $27,916.63 – $29,280.05...
Faulty data? Grayscale didn’t liquidate massive amounts of XRP and XLM
Bybt data apparently showing a massive liquidation of XRP and Stellar Lumen (XLM) by Grayscale Investments earlier this week is inaccurate, according to the investment company. On Wednesday, a public Bybt data set suggested that Grayscale Investments reduced its exposure to XRP by roughly 9.19 million...
A New Attempt: VanEck Files for a Bitcoin ETF
Following a couple of unsuccessful attempts, the New York City-based giant asset manager VanEck has filed another document with the SEC to launch a Bitcoin ETF. If successful, the VanEck Bitcoin Trust would reflect the performance of the MVIS CryptoCompare Bitcoin Benchmark Rate. VanEck Tries...
2020’s Important Bitcoin Infrastructure, feat. Alyse Killeen – CoinDesk
A look at privacy and infrastructure advances that will shape the bitcoin ecosystem in the years to come. Alyse Killeen is the founder and managing partner of StillMark, and has been investing in bitcoin companies since 2013. While much of the conversation this year has...
Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer
Without any doubt, the year 2020 was unlike any other year in the 21st century: The ongoing COVID-19 pandemic, global governments unstoppably printing money, “lockdowns” and “social distancing” becoming the new normal, protests against racial discrimination and police brutality, and so on and so forth....
2020 Year In Review: Bitcoin’s Journey From $3800 To Nearly $30K
2020 has been an interesting year. To say anything else would be an understatement. The global COVID-19 pandemic took the entire world by a storm and changed the lives of millions of people. This had a direct impact on all industries and markets. Cryptocurrencies were...
Relax, Tether won’t be targeted by SEC, says Bitfinex CTO
Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response to a tweet from CryptoQuant CEO Ki Young Ju, Ardoino said...
Sasha Ivanov: Crypto Dollars and CBDCs Do Battle – CoinDesk
By late 2013, it was clear crypto assets would be the future of finance. It was the first time bitcoin crossed $1,000. To the cypherpunks’ chagrin, central banks around the world began publishing warnings to curb the “decentralized genie” threatening the stability of the familiar...