El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip

Key Takeaways: El Salvador acquired an additional 1,090.19 BTC worth about $101 million, its largest single purchase in months. The government’s accumulation goes beyond its ongoing 1 BTC per day The post El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip appeared first on CryptoNinjas.

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German government sends over 16,000 BTC to exchanges

The German government wallets have added to the tempo of their Bitcoin (BTC) sell-off by sending more than 16,000 BTC to crypto exchanges and market makers on Monday, July 8. After transferring over 2,700 BTC earlier in the day, the…

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Mammoth BTC Whale: The Chinese Government Holds More Bitcoin Than Michael Saylor’s MicroStrategy

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Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes.

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Natural Gas And Nuclear Energy Are Becoming BTC Mining Sources

Bitcoin (BTC) energy requirement has been the highest source of concern regarding the crypto industry. During mining, its high consumption rate negatively impacts the environment. This issue could cause the government to ban BTC mining if no solution is preferred.

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Tax Evasion: South Korean Government Seize Over $184 Million in Crypto

South Korea’s National Tax Service has combined forces with the Ministry of Strategy and Finance, and other agencies as well as local government authorities, to seize over $184 million worth of Bitcoin (BTC) and altcoins from alleged tax evaders in…

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Russia is considering Bitcoin for international trade in 2023: Report

Top crypto news out of Russia says the country is considering accepting Bitcoin (BTC/USD) as well as some cryptocurrencies as a payment option for international trade in 2023. As per local news agency Izvestia, Russian government officials from the Ministry of Finance and the State Duma have confirmed the development.

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Doctor Bitcoin, Jailed For Selling P2P, Warns Others They’ll Be Next

Bitcoin educational persona Doctor Bitcoin explains his recent arrest for selling BTC and warns that the government won’t stop with him.

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Bitcoin advocate floats BTC as a solution to US student loan problems

Dennis Porter said that the government should give $10,000 worth of Bitcoin to debtors and lock it for 10 years.

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Is BTC Responsible For These ELSL Stats? Tourism, Investment, Construction Up

In a world tending towards red candles, ELSL is in the green. And not even government officials seem to believe that any of these has to do with the Bitcoin Law. The increases are not crazy, but the upward tendency is clear.

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Daniel Fraga – The Brazilian Bitcoin (BTC) Billionaire Who Defied the Government and Disappeared

Get to know the story of possible billionaire Daniel Fraga, one of the first people to talk about Bitcoin (BTC) in Brazil –the man who defied the state and disappeared–. This story was shared by the Brazilian media outlet Boletim Bitcoin.

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‘They didn't see it coming:’ Podcaster Joe Rogan sees Bitcoin as a viable form of currency

Joe Rogan noted that Bitcoin is like the “early internet,” and the “government is freaking out” about BTC in conversation with the MMA fighter Khalil Rountree.

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Ross Ulbricht’s $183M Silk Road fine to be paid via $2.7B in BTC recovered from hacker

In a recent development, roughly $2. 7 billion in Bitcoin (BTC) was recovered from a wallet linked to a Silk Road hack in 2013 and will be used to wipe out the debt owed to the United States Government by creator Ross Ulbricht.

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El Salvador postpones Bitcoin bonds to September: Report

Apart from delaying the issuance of Bitcoin bonds, the Salvadoran government has apparently slowed down the pace of buying new BTC as well.

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Government of Malaysia proposes Bitcoin, crypto as legal tender

The Communications and Multimedia Ministry of Malaysia proposed today that digital currencies such as bitcoin (BTC) should be adopted as legal tender to help the younger generation who are active users of the currency, especially on non-fungible token (NFT) trading platforms, says Datuk Zahidi Zainul Abidin, deputy minister of the Communication Ministry of Malaysia, reported […] The post Government of Malaysia proposes Bitcoin, crypto as legal tender appeared first on CryptoSlate.

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Ukraine Has Received $108 Million In Crypto Donations Following Kraken And BAYC Donations

On Wednesday, tracked total crypto donations to the  government of Ukraine wallet addresses, charities, and humanitarian initiatives had topped $108 million. The official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, as well as a BTC donations address for Come Back Alive, are the top three beneficiaries of such cash. Tracked Donations […]

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Kraken CEO says the exchange will be forced to comply with crypto freezing in Canada

The protesting Canadian truckers have been forced to turn to Bitcoin (BTC/USD), and other cryptocurrencies as funding platforms such as GoFundMe sized their donations due to increased pressure from the Canadian government.

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Bitcoin hits $44K after Canada emergency powers accompany 6% BTC price increase

Plans to include crypto in enhanced surveillance by the Canadian government have the unintended knock-on effect of fuelling “unstoppable money.”

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U.S. Authorities Point Searchlight into Crypto’s Role in Trafficking

Republicans and Democrats in the Senate Banking Committee are putting preparations in top gear to introduce a bill that would mandate the Government Accountability Office (GAO) to critically study the role of bitcoin (BTC) and other cryptocurrencies in illicit activities such as human and drug trafficking, money laundering, terrorist financing as well as other onlineRead MoreRead More.

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Lobbyist Behind BTC Knockoff AML BitCoin to Plead Guilty

U.S. government agencies have charged two men involved in AML BitCoin, an attempted Bitcoin knockoff, with financial crimes. Alleged Financial Crimes The Department of Justice (DOJ) has charged Rowland Marcus...

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Venezuelan Government Exploring Bitcoin Payment Option for Passport Renewal Services

News has emerged that soon Venezuelans shall be able to apply for their passports via Bitcoin. This was first revealed by a Reddit post showing a BTC payment option available for passport application on the Administrative Identification, Migration, and Alien Services (SAIME) official website.

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How to Stay Anonymous When KYC Becomes the Main Trend in Exchanges

Early June, rumor has it that Coinbase wants to sell its blockchain analytics software to the U. S. government. The news has caused an uproar among its users, and over $200M worth of BTC was withdrawn from the exchange not long after the news was released.

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Russian ?Mine Man? Demands His 120 BTC Stolen from WEX to Be Returned

An anonym has again sent an e-mail to Russian government entities, demanding that the 120 BTC allegedly stolen from his WEX account by FSB officers are given back to him

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Financial Author Thinks Bitcoin Is “Likely” To Become the World Reserve Currency

Bitcoin has faced down many setbacks over recent years. BTC trading has been banned by the Chinese government. Executives from Goldman Sachs and other institutions have come out against the cryptocurrency.

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Users Pull $200M from Coinbase Following U.S. Gov Deal

News that Coinbase will be providing software and data to the US government has irked its users. Traders have been withdrawing their Bitcoin, pledging once again to #BoycottCoinbase. More than 2,500 BTC million has left the platform over the last few days.

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Iran Needs to Take Bitcoin Seriously, Says Lawmaker

An Iranian lawmaker is advising the government to actively control the development of the local Bitcoin (BTC) and crypto industry.   Bitcoin Could be Beneficial for Iran According to Tasnim News Agency, Mohammad Hossein Farhangi, a member of Iran’s Parliament says the country’s government needs to move forward with developing its emerging crypto market.

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Don’t Buy Bitcoin, Says Wealth Exec as Lebanon Chooses BTC Over Fiat

Bitcoin and gold are “too speculative” and it’s better for investors to trust the government to pay them back, claims Peter Mallouk.

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Here’s How Blockchain Technology Is Reshaping Government Administration as We Know It

Blockchain, the technology that undergirds the world’s premier cryptocurrency Bitcoin (BTC), is regularly touted as one of the most significant milestones of technological advancements in recent times.

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China is forging ahead with national crypto project: leaked screenshots

If you’ve been in the Bitcoin market for any period of time, you likely know that China has long been a hub for crypto assets as a whole. Yes, the trading of BTC and other cryptocurrencies is vehemently banned and restricted, but the Beijing government has continued to maintain heavy involvement in the broader space, […] The post China is forging ahead with national crypto project: leaked screenshots appeared first on CryptoSlate.

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Bitcoin Scammers Trick Victim Into Sending Them BTC via ATM. Here's How They Did It

A Canadian man falls into the trap of government impostors who made him send them Bitcoin via an ATM

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Indian Govt’s Investigations Into Crypto Exchanges Become Public Amid Uncertain Regulations

A filing that was submitted to the Lok Sabha, which is the lower house of the Indian parliament, reveals that some Bitcoin (BTC) companies in India were fraudulent. Mohammed Faizal, a center-left member of the parliament, asked on March 16 the official question if the government is informed of the large number of reports on […]

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Venezuela’s President Says Petro Cryptocurrency Critical to Economic Recovery

Venezuela’s President Nicolas Maduro says Petro — the state-issued crypto, will be a major focus of the country’s government in 2020. Despite previous attempts to promote utility for the national cryptocurrency, public tokens like Bitcoin (BTC) and Dash are seeing the most adoption within the economically troubled country.

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South Korean PCFIR: Bitcoin Should Be Listed on KRX Exchange And Gov Should Allow BTC Derivatives

A presidential committee formed to advise the government in regards to the fourth industrial revolution is recommending that the South Korean government should let financial institutions to offer crypto-based products, CoinDesk reports.

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Bitcoin hashrate surges to all-time high after Chinese government pressures miners to scale down operations

Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high.

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Bitcoin Ransomware Attack Hits Argentinian Government

The Argentinian government has been hit with a Bitcoin ransomware attack. According to the latest information, the hacker demanded 50 BTC to withdraw the attack. For all the positive changes that cryptocurrencies have brought in the last few years, there are still those who would use them to harm others.

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South Korea: Government Mulling Taxing Cryptocurrency Capital Gains

The South Korean government is mulling imposing taxes on capital gains arising out of cryptocurrency transactions – including Bitcoin (BTC) – reports The Korea Times, December 9, 2019. South Korean Authorities Taming the Crypto Conundrum In their short history, cryptocurrencies haven’t exactly been able to earn the trust of a large number of financial watchdogsRead MoreRead More.

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US Regulator Plans to Outsource Running Cryptocurrency Nodes

A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance […] The post US Regulator Plans to Outsource Running Cryptocurrency Nodes appeared first on Bitcoin News.

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First Physical Bitcoin Future Hits U.S. Market as Institutional Bakkt Hype Swells

Although the crypto industry has been closely watching to see when the highly anticipated physically settled Bitcoin (BTC) futures platform Bakkt officially launches, they have now been beaten by their competitor – LedgerX – who officially launched today.

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Banking Expert Tells Congress: Government Reform Can Kill Bitcoin

Cryptocurrencies only exist because of failures in the traditional financial system, according to a leading banking scholar. In a hearing before the Senate Banking Committee, Mehrsa Baradaran said that financial reforms could cause cryptocurrencies to fade into obscurity, effectively killing Bitcoin (BTC).

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Bitcoin (BTC) Set For Huge Boost As FED Prepares To Announce Interest Rates Cut This Week

Bitcoin has been struggling for the last few weeks. One major concern for its drag has been its weakened technicals. Bitcoin has lost in dominance as well as trading volume. With the asset currently below 10K, it is in dire need of a positive trigger.

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How Bitcoin Is Subverting The System In China

For a lot of people in China, bitcoin is more than just a trading or investment vehicle. With the oppressive Beijing regime constantly clamping down on the lives of its people, many are turning to BTC to subvert the system.

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Iran’s Use of Bitcoin to Avoid Sanctions May Fuel U.S. Regulatory Crackdown

The crypto markets have been flooded with a torrent of news regarding how top government officials in the US feel about Bitcoin (BTC) and cryptocurrencies, with U. S. President Donald Trump saying that he is “not a fan” while his Treasury Secretary, Steve Mnuchin, explained that crypto is a “national security” issue.

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US Government ‘Can’t Kill’ Bitcoin Because Source Code is Speech

Based on the legal precedence surrounding cryptographic communication, it is highly unlikely that the U. S. government can ban bitcoin. ‘Uncle Sam’ Can’t Shut Down Bitcoin With the storm of attention being paid to Facebook’s Libra project, there has been some talk of whether such attention could spill over to BTC in the form of a government-sanctioned bitcoin ban.

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Bitcoin (BTC) Cracking As Government Drums For Regulation

Bitcoin (BTC) is down 14. 8 percent Steven Mnuchin is calling for cryptocurrency oversight and compliance Eventual regulation of cryptocurrencies in the US, following Steven Mnuchin presser, could have far-reaching consequences on Bitcoin and cryptocurrencies.

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UK Chancellor Gives British Government Opinion On Libra

UK Chancellor of the Exchequer, Philip Hammond, appeared on CNBC’s Squawk Box this week giving the UK government’s perspective on Facebook’s Libra ‘cryptocurrency’. Libra Could Both Transform And Harm the UK U.

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Singapore Ponders Bitcoin (BTC) Tax Exemption in Regulatory Scheme

Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved.

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Bullish Signal: Chinese Government View of Bitcoin (BTC) Evolving

China, despite their hardliner stance against Bitcoin (BTC) and crypto trading, is an important player. Their position however is gradually evolving. The post Bullish Signal: Chinese Government View of Bitcoin (BTC) Evolving appeared first on Ethereum World News.

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Bitcoin: Does speculative trading of BTC equate to adoption? This Bitcoin enthusiast begs to differ

Bitcoin has matured over the course of 10 years, it has converted a lot of skeptics to (if not believers, at least) being open towards having a rational approach towards it in the recent days, including, Warren Buffett, Jamie Dimon, etc.

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CFTC busts fraudulent Bitcoin trading scheme; charges accused of swindling BTC worth $147 million

In sync with rising crypto-adoption, government bodies have stepped up and implemented stricter regulations, in light of the space’s history and susceptibility to fraudulent activities. The Commodity Futures Trading Commission (CFTC) has been making a lot of effort in this regard and recently, caught a Bitcoin trading and investment company for fraudulent activities.

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