US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

US Government Seizes 0 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From […]

Central Bank Of Russia Approves Bitcoin, Ethereum, Others, For Cross-Border Payments

Central Bank Of Russia Approves Bitcoin, Ethereum, Others, For Cross-Border Payments

2022-09-23 10:00:13 Russia has been leaning towards cryptocurrencies such as Bitcoin and Ethereum in recent times. Sanctions against the country since it began its evasion of Ukraine had piled up, and the government had begun to turn to crypto to circumvent these sanctions. In its most recent move, the Central Bank of Russia has moved […]

Bitcoin Mining Will Explode In Africa

Bitcoin Mining Will Explode In Africa

2022-07-29 08:59:48 Mining headlines are typically filled with mentions of North America and Asia, with occasional mentions of Latin America. But another region of the world is showing some unnoticed signs of consistent interest in the mining sector. This article explores some data that shows interest from African nations in mining and profiles a few […]

Is it time to buy now that bitcoin has died?

Is it time to buy now that bitcoin has died?

From a peak of approximately US$70,000 per unit in November 2021, bitcoin’s value has dropped by more than half to around US$30,000 today. The broader cryptocurrency market has also crashed. The answer is that bitcoin dies frequently. At least seven other times, it has dropped by 50% or more. Whether you like or dislike bitcoin, […]

Why Bitcoin Sees Most Of Its Gains While US Traders are Asleep

Why Bitcoin Sees Most Of Its Gains While US Traders are Asleep

2022-06-12 08:03:36 (Bloomberg) — When Wall Street goes to sleep, Bitcoin is usually just getting going. It often parties all night long, and in the process, notches more robust gains than while US markets are open. A hypothetical strategy that buys the coin at the equity-market close — at 4 p.m. in New York — […]

Satoshi Nakamoto’s Bitcoin State Of Mind

Satoshi Nakamoto’s Bitcoin State Of Mind

2022-05-11 Imagine Tupac Shakur (also known professionally as 2Pac) coming back to discover modern rap music. At the very least, he would have some questions, “What the fuck is ‘mumble’ rap?” Not that 2Pac invented rap, but he’s certainly a contender for the greatest rapper of all time, so assuming he would have input is […]

Future Of Energy Markets Bitcoin Miners

Future Of Energy Markets Bitcoin Miners

2022-05-06 Most of the conversations about Bitcoin infrastructure for the past two years have focused on the mining sector’s increasing convergence with traditional energy generators and power companies. At the Bitcoin 2022 conference, a panel hosted by this author discussed this trend and what mining’s continued growth means for electric grids and energy markets. Beyond […]

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

2022-04-30 Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public […]

Can saving trees really turn bitcoin green? – TechCrunch

Can saving trees really turn bitcoin green? – TechCrunch

2022-04-22 Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to compensate for the cryptocurrency’s environmental toll. It may sound great in theory, but the idea also deserves a heaping dose of skepticism, given the sketchy reputation carbon offset efforts have earned over the years. […]