Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC

Bithumb, one of the largest South Korean cryptocurrency exchanges, will open up account registrations after a month-long freeze, local media outlet Yonhap News reports Wednesday, August 29. According to a spokesperson from banking partner Nonghyup Bank, Bithumb will meet specific requirements as dictated by South Korean law in return for regaining banking support. Nonghyup had…

Federal Reserve Chairman Jerome Powell warned that the central bank will continue to use the “tools forcefully” to bring down inflation, which is close to its highest level in 40 years. He cautioned that the restrictive policy may remain for some time and warned that it could “bring some pain to households and businesses.”The United…

Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network. The platform is still awaiting regulatory approval before it can launch. 1833 Total views 8 Total shares The Diem Association is progressing towards launch with a new technical upgrade that reportedly allows more…

Dave Portnoy talked a strong crypto game right up until it cost him money. After recently entering the crypto space, Barstool Sports founder turned stock trader, Dave Portnoy, seems as though he is not quite ready for Bitcoin (BTC) trading yet. "I'm getting killed right now in Bitcoin," Portnoy said in an Aug. 21 video…

The United States intelligence community is seeking a researcher to model risk scenarios for how and why the dollar could lose its global supremacy, and how best to respond.The role was advertised on Feb. 14 by the Office of the Director of National Intelligence (ODNI). The successful candidate will be tasked with evaluating threats to the…

President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support?

UK-based bank Barclays has denied it is working on cryptocurrency products despite two employees removing LinkedIn evidence they were doing so after receiving mainstream media attention, Business Insider reports August 6. According to Business Insider, Matthieu Jobbe Duval and Chris Tyrer, whom Barclays confirmed worked for the bank, had listed cryptocurrency-related duties on their LinkedIn…

The billionaire investor conveyed his predominantly bullish opinions on the crypto ecosystem during a recent online interview Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the rise of Bitcoin (BTC) during a recent conversation with author William Green, but voiced skepticism around many of the altcoins birthed during…