Bitcoin News

Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, presently valued at approximately USD 4.5bn, the US Department of Justice said.

The crypto exchange Bitfinex, which will host the issuance of El Salvador’s much-talked-about bitcoin (BTC) bonds, says that it has already received “half a billion dollars” worth of interest in the offering from its customers.

In a bid to enforce tightened rules for crypto businesses, Singapore’s unicameral parliament has passed a law that will oblige virtual asset service providers (VASPs) to apply for licenses.

Recent talk of a ban on crypto in Russia may be premature – particularly after the nation’s President Vladimir Putin appeared to talk up the country’s crypto capabilities. And with the United States threatening to sanction the Russian leader over heightened tensions on the Ukrainian border, Putin may be keeping his options open.

A "paper bitcoin" ETF could be useful because it simplifies things for institutional investors from a regulatory standpoint and makes buying bitcoin “totally straightforward.”

Some Chinese provinces appear to be cagey about whether they will ban crypto miners from operating during the rainy season – a time of the year when rivers swell and hydropower stations typically produce high quantities of surplus electricity.

Bitcoin (BTC) dropped below the USD 30,000 threshold - and it may drop further.

Bitcoin (BTC) and the broader crypto market continued to rise strongly today, as more analysts drew a parallel between the current market action and bitcoin’s role as sovereign money in a world heavily impacted by war and sanctions. According to the crypto exchange Bitfinex, the war in Ukraine could prove to be the first “great test case” for bitcoin.

Bitcoin price faced a strong selling interest near USD 40,000. Ethereum corrected sharply from USD 2,450, XRP is now approaching the USD 0.600 support. THETA, TEL, and AMP are down over 13%.

A man who police believe was ready to set himself on fire at the South Korean crypto exchange giant Upbit’s flagship customer service center has been taken into custody and charged with attempted arson.