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“# Hashing out a future: Is Bitcoin hash rate drop an opportunity in disguise? ” China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem. China has long been a major contributor to…
“# ‘Bitcoin will go all the way to $160,000 this year,’ says Celsius CEO ” Although the price of Bitcoin (BTC) continues to hover around $30,000, industry experts are noting that there is a bullish long-term view. To put this into perspective, Alex Mashinsky, chief executive officer and co-founder of Celsius – the centralized cryptocurrency…
“# SEC inquiry regarding Robinhood’s crypto business reportedly delays IPO ” Major cryptocurrency and stock trading app Robinhood is reportedly struggling to move forward with its initial public offering due to an ongoing review from securities regulators. According to a Thursday report by Bloomberg, the United States Securities and Exchange Commission has been questioning Robinhood about…
“# NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers ” New York Digital Investment Group (NYDIG) has partnered with Q2, a firm specializing in providing digital services to financial institutions, to provide access to Bitcoin (BTC) for bank account holders in the United States. According to a release issued on…
“# NYC’s mayoral frontrunner pledges to turn city into Bitcoin hub ” Within the same month, talk of the United States’ budding capital of crypto has seemingly shifted its center from Miami to New York City. June opened with feverish excitement about the largest Bitcoin (BTC) event in history being hosted in Miami, and the city’s mayor, Francis…
“# Remembering John McAfee: computer programmer and crypto evangelist dead at 75 ” According to a Wednesday report from Spanish international news agency EFE, John McAfee has been found dead in his prison cell at the Brians 2 Penitentiary Center. Born in 1945, McAfee founded the software company McAfee Associates in his early forties. His company…
“# Spanish court rules John McAfee can be extradited to the United States ” John McAfee, the founder of the antivirus software company of the same name, is one step closer to facing prosecution in the United States for tax evasion. In a ruling released today, the Spanish National Court approved the extradition of McAfee…
“# SEC delays decision on Valkyrie Bitcoin ETF ” The United States Securities and Exchange Commission has postponed its decision on whether to approve a Bitcoin (BTC) exchange-traded fund. The SEC has delayed its decision on a Bitcoin ETF filing by Texas-based family investment fund Valkyrie Digital Assets after receiving comments on the proposed rule…
“# Biden nominee for Treasury Dept will prioritize crypto regulation ” Brian Nelson, U.S. President Joe Biden’s nominee for under secretary for the Department of the Treasury’s division on terrorism and financial crimes, said he would prioritize implementing new regulations around cryptocurrency. In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban…
“# Powers On… El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency ” Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an…