Two people have been arrested in South Korea in relation to a case in which police lost 22 seized Bitcoin, now worth $1.4 million, after storing the coins in a third-party cold wallet. The news of the lost 22 Bitcoin (BTC) was first reported by local media in early February, with more details about the…
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The US Federal Reserve is seeking to codify a rule removing “reputation risk” from banking supervision, which some have blamed for a wave of crypto debanking in recent years. The Fed initially began making changes in June last year, announcing that it had directed its supervisors to stop pressuring banks to shut down client accounts…
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Michael Saylor’s Bitcoin treasury firm Strategy is set to make its 100th Bitcoin purchase, according to hints from its chairman, almost six years after embarking on its Bitcoin-buying journey in 2020. In an X post on Saturday, Saylor shared a screenshot of a chart from StrategyTracker, a move he frequently makes to indicate an upcoming…
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Blockchain advocacy group The Digital Chamber has launched a new unit focused on supporting prediction markets and helping gain regulatory clarity for the sector in the US. In an announcement via X on Tuesday, The Digital Chamber unveiled the Prediction Markets Working Group, outlining a multi-year plan to bring clarity to what it called a…
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Russia’s finance ministry and central bank are reportedly calling on the government to speed up the rollout of crypto market regulations amid booming adoption of digital assets, claiming citizens are spending almost 50 billion Russian rubles ($648 million) on crypto daily. According to a report from Russian news outlet RBC on Thursday, Russia’s deputy finance…
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US Treasury Secretary Scott Bessent is calling on the Senate Banking Committee to proceed with confirmation hearings for Federal Reserve chair nominee Kevin Warsh, despite a standoff over an ongoing probe into current Fed chair Jerome Powell. Speaking with Fox News’ Sunday Morning Futures, Bessent referenced recent pushback from Republican Senator Thom Tillis, who said…
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BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak daily trading volume as traders responded to Bitcoin’s rapidly crashing price. The iShares Bitcoin Trust ETF (IBIT) “crushed its daily volume record” on Thursday, with $10 billion worth of shares trading hands, Bloomberg ETF analyst Eric Balchunas said on X. Balchunas added that…
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Stablecoin issuer Tether has released its open-source Bitcoin mining software, describing it as a means to simplify and scale Bitcoin mining while promoting further decentralization in the sector. In a post on X on Monday, Tether announced the rollout of MiningOS (MOS), stating that the software stack is a modular, scalable operating system built for…
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The Zamoskvoretsky Court in Moscow has reportedly ordered BitRiver CEO Igor Runets to remain under house arrest amid tax evasion charges. The founder and CEO of Russian Bitcoin mining firm BitRiver, Igor Runets, has reportedly been detained and charged with multiple counts of tax evasion. According to reports from local media outlets such as RBK…
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The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector. The UK’s financial watchdog is entering the final stages of its consultation process for a host of key proposed crypto regulations as the agency continues to work on the government’s…
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