Bitcoin whales 'took advantage' of $90K BTC price dip, scooping up $1.5B

The recent banking crisis in the United States seems to have shaken the belief of some customers in the legacy banking system. According to Federal Reserve data, customers pulled nearly $100 billion in deposits in the week ending March 15.American venture capital investor and entrepreneur Tim Draper said in a March 25 report that “founders…

A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been resubmitted to the United States Congress. Data confirming this was published on the Congress’ official website on Jan. 14.The bill, titled “To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain…

Digital asset providers would be restricted from comingling customer funds with any other type of operational capital. 180 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe Texas House of Representatives approved a bill that would require crypto exchanges to maintain reserves “in an amount sufficient to fulfill…

While some Australian authorities recognize cryptocurrencies as a form of investment, digital assets like Bitcoin (BTC) are apparently not very popular as means of payment in the country.Australia’s central bank, the Reserve Bank of Australia (RBA), says that less than 1% of Australians used cryptocurrencies like Bitcoin to make a consumer payment in 2019.Australian consumers…

Binance’s move into the payment card space takes flight as cards go out for delivery. 1764 Total views 15 Total shares After months of waiting, planning and testing, Binance has begun delivering its debit cards to customers.“This started shipping in limited quantities as of yesterday, I heard,” Binance CEO Changpeng Zhao, also known as CZ,…

Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis.According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago:“While the beginning of March was relatively in line…

Cryptocurrency exchange alleges "millions of dollars" in losses as a result of what it describes as a "false and misleading" article. 1001 Total views 2 Total shares Binance has filed a lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, alleging that an…

Microsoft and Intel are backing a new system of reward tokens created by the Enterprise Ethereum Alliance (EEA).EEA creates new reward token systemThe EEA, which sets standards for Ethereum-based blockchain applications in business, shared the developments in a statement with Cointelegraph on Oct. 7.The organization said that it has created a new system of reward…

Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate.Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5-megawatt liquid-cooled mining containers online.Its short term goal is to scale…