A US Judge has temporarily frozen 70.6 Bitcoin tied to cryptocurrency lending and trading company BlockFills and ordered a full segregated account of customer funds after Dominion Capital accused the company of misappropriating customer assets and commingling funds, according to a court filing. The complaint, filed Feb. 27, alleges that BlockFills unlawfully retained millions of…
Read more
Technological deflation driven by artificial intelligence could help push Bitcoin above $10 million within a decade by pressuring central banks to keep expanding the money supply, according to a report from Strive strategist Joe Burnett. Burnett, Strive’s vice president of Bitcoin strategy, said in a report published Monday that faster productivity gains from AI will…
Read more
Two US federal court rulings have increased the risk that Nevada regulators may seek to halt prediction-market trading in the state after a judge sent a dispute involving Polymarket’s parent company Blockratize and Kalshi back to state court in two separate rulings. A federal judge rejected arguments that US regulation under the Commodity Exchange Act…
Read more
This week, rumors of a “10 a.m. Bitcoin dump” blamed on quantitative trading company Jane Street gained traction online after it was sued by Terraform Labs’ court-appointed administrator, but market watchers said the data does not support a consistent, company-driven selloff. The accusations mounted a day after Jane Street was sued by Terraform Labs’ administrator…
Read more
The United Kingdom’s Gambling Commission is exploring how cryptocurrency could be used for payments at licensed online casinos, as the country prepares to bring more crypto activity under a new regulatory regime led by the Financial Conduct Authority (FCA). Tim Miller, the commission’s executive director for research and policy, said Thursday that the regulator wants…
Read more
Cryptocurrency investors accused quantitative trading firm Jane Street of pressuring Bitcoin’s price with a daily, programmatic selloff at the US market open, but market analysts and data suggest the pattern is not consistent, and no single firm can force Bitcoin into a prolonged bear market. The claims surged online a day after Terraform Labs’ court-appointed…
Read more
Indiana lawmakers sent a bill to Governor Mike Braun that would expand legal protections for cryptocurrency users and require certain state retirement and savings plans to offer a self-directed brokerage option with at least one crypto investment choice. House Bill 1042 (HB1042) for the “regulation and investment of cryptocurrency” cleared the legislature on Wednesday, with…
Read more
A solo Bitcoin miner notched a rare win by validating an entire Bitcoin block, securing a huge payday using a hobby-level mining operation and on-demand hashrate. The miner earned the 3.125 Bitcoin (BTC) block reward, worth about $200,000 at current prices, after successfully mining block 938092, according to blockchain data and a post from Bitcoin…
Read more
Shrinking crypto market liquidity is a concerning sign for crypto asset valuations, as investors gravitate towards safe-haven assets like precious metals amid growing global trade uncertainty. The stagnating stablecoin supply is presenting a “notable headwind” for Bitcoin (BTC) and the broader crypto ecosystem, according to Matrixport. “Stablecoins serve as the primary liquidity rail within digital…
Read more
Corporate Bitcoin treasury companies have posted a rare three-week selling streak, a shift analysts say could deepen Bitcoin’s pullback if fresh demand does not emerge. Bitcoin (BTC) treasury companies logged three consecutive weeks of selling, according to Capriole Investments’ Bitcoin Treasuries buy and sell indicator shared by educational platform Coin Bureau. The metric tracks net…
Read more