The overall BTC holding of the global private firms surged after February 2021. MicroStrategy, a prominent BI organization, is bullish on BTC with an AUM worth over $6 Billion. BTC holding of private firms increased by 400% in just a year. Source: Bitcoin.com The BTC amount held by private…
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China is urging state-owned enterprises to stop mining cryptocurrencies, and the government is proposing punitive penalties, such as higher energy costs, for those that do so. According to sources, Meng Wei, a spokesperson for China’s top economic planner, claimed during a press conference that the NDRC aims to supervise…
According to research by Kazakhstan’s Data Center Industry & Blockchain Association, or NABDC, cryptocurrency mining might generate $1.5 billion in revenue for the country over the next five years. The government currently earns roughly 98 billion tenge ($230 million) each year from corporate digital currency mining. According to local…
The most recent development in the US congress has revealed that Senator Cynthia Lummis owns roughly $100k in bitcoin. To some, this isn’t entirely surprising as the senator has been an ardent advocate of cryptocurrency in the house. Cynthia’s presence in the house could be pivoting some positive changes…
CDPQ invested in the crypto lender but has “absolutely” no plan to allocate directly in BTC or digital assets. Celsius manages $25 billion in assets, adding $15 billion in just seven months. The firm is facing several warnings from regulators of Texas, New Jersey, Kentucky, and Alabama for allegedly…
El Salvador has announced $0.20 of subsidy per gallon of petrol if residents pay in Bitcoin. The Central American country’s Bitcoin holdings are now worth more than $35 million. In less than a month, the government’s Chivo wallet recorded 3 million active users. To further boost the adoption of…
The United States accounts for a larger portion of global crypto transactions carried out daily. Within the United States, California is leading the pack as the most “most crypto-ready” state. Crypto-related Google searches, the existence of Bitcoin (BTC), and other cryptocurrency ATMs account for what makes up these interesting…
BSC-based exploits in the news again as pNetwork experiences exploit resulting in the loss of users funds. pNetwork has promised a $1.5 million bounty for anyone who provides useful information leading to the recovery of the fund. pNetwork now ranks among tens of BSC projects that have been exploited…
El Salvador bought 150 Bitcoin during the fall in BTC prices. After falling 17.3% this week, Bitcoin has recovered to above $42k. Bitcoin ATMs in the country have reached 205, the highest after the US and Canada. While there was panic in the market after a considerable dip in…
In early September, El Salvador adopted Bitcoin as legal tender in a bit to strengthen the country’s remittances. Following this move, El Salvador’s largest bank has partnered with Flexa for Bitcoin payment. This move could see companies like MoneyGram and Western Union losing considerable market share in the country’s…
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