Long-term Bitcoin holder buys hit $10B mark as price slips below $60K

A Hong Kong Stock Exchange (HKEX) spokesperson has called Bitmain’s alleged hesitation around a purported initial public offering (IPO) “rumors,” in an email to Cointelegraph Dec. 17. When asked for verification and details on the crypto mining firm’s IPO status, the spokesperson responded that “HKEX does not comment on rumors.”Blockchain and crypto media had previously…

The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates. The U.S. Securities and Exchange Commission has filed a complaint against two Robinhood users over an alleged wash-trading-based arbitrage scheme that utilized meme stocks.According to a Sept. 27 complaint, defendants Suyun Gu and…

Ripple sold $169.42 million worth of XRP in Q1 2019, up over 31% from the preceding quarter, the company’s latest quarterly XRP Markets Report revealed on April 24.While the $169.42 million figure represents a 31% increase in comparison with $129.03 million in Q4 2018, Ripple’s institutional direct sales figures saw an even greater uptick. This…

Venezuela’s controversial state-owned cryptocurrency the Petro is now available for purchase for fiat and crypto, Venezuelan Economy Department announced on Twitter Monday, Oct. 29.According to an infographic included in the tweet, Petro can now be purchased directly from the country’s treasury via the coin’s official website or from six crypto exchanges authorized by the government.…

MIT’s crypto and distributed ledger tech research group, the Digital Currency Initiative, recently explained that a central bank digital currency (CBDC) will eventually use some of the concepts and technology currently at play in the experimental crypto space.“CBDC should not be a direct copy of existing cryptocurrencies with exactly the same design and features but there…

Tesla CEO Elon Musk has seemingly given the cold shoulder to a $600,000 monument of him in goat form —  which was created as part of a bizarre crypto marketing stunt.Delivered to Tesla’s Austin headquarters on Nov. 26, the 30-foot, 12,000-pound metal statue of Elon Musk was part of a publicity stunt by the co-founders…

The Republic of Georgia's central bank has invited fintech firms and others to participate in the CBDC project. 1721 Total views 12 Total shares The National Bank of Georgia said that it is considering launching a central bank digital currency.In an announcement today, the central bank hinted at the issuance of a central bank digital…

A bipartisan committee of British MPs said Rishi Sunak’s government must prioritize the rights of musicians and creators over AI developers. 112 Total views 1 Total shares A British parliamentary committee is pressuring the government to axe plans that would allow artificial intelligence developers to freely train their systems on existing works of music, literature