US Government Prepares for Massive Bitcoin Sell Off, But…

The crypto markets experienced a shakeup today as Watcher Guru reported that the U. S. government transferred 30,174 Bitcoin worth $2. 1 billion seized from the Silk Road dark web marketplace to cryptocurrency exchange Coinbase.

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US Government Continues Bitcoin Seizures, Controls Nearly 1% of Circulating Supply

Massive Bitcoin seizures from Bitfinex hackers add to US government stockpile. Snowden predicts major government entry into Bitcoin market.

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U.S. Presidential Candidate Vivek Ramaswamy: 'The Government Is Threatened By Bitcoin'

During an interview, Ramaswamy asserted that the government perceives Bitcoin as a potential threat to its control over monetary policy.

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What may a government shutdown mean for Shiba Memu?

James Butterfill – the Head of Research at CoinShares expects Bitcoin to rally if the U. S. government does eventually shut down next month. How may a government shutdown help Bitcoin? Late on Friday, President Biden signed a funding bill that liquidated the government for another 45 days.

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US Government Moves BTC Valued At $300M, Prompting Liquidation Fears

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The US government plans to get rid of Bitcoin reserves

Against the background of the recent rally in the crypto market, the optimism of investors and traders seems quite justified. However, this year there are several days in which you can expect a sharp drop in the price of bitcoin (BTC), and the culprit of this dump will be the US government.

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The U.S. Government Has Over $4.4B in Bitcoin It Could Dump Anytime

Over the last few years, the United States government has become one of the largest Bitcoin whales simply by seizing illegally obtained funds. Eventually, it will probably seek to liquidate...

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Dutch Farmers Prepare To Fight Government Overreach By Gaining Financial Freedom With Bitcoin

As government entities continue to oppress farmers in the Netherlands, Bitcoin stands ready to help those in need.

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Tesla CEO Elon Musk: Bitcoin and Crypto Take Aim at Centralized Government

During an interview with at the invite-only Code Conference in Beverly Hills, Elon Musk said the government should steer clear of trying to regulate Bitcoin and cryptocurrency.

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Market Bloodbath Continues as Chinese Government Mulls Banning Bitcoin Mining Activities

The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by Liu He, vice Premier ofRead More

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Andreas Antonopoulos Won’t Back the Notion a 51% Attack from China’s Government on BTC Is Possible

Andreas Antonopoulos is most well-known for his work on Mastering Bitcoin, but he is in the news today for some interesting comments against the Chinese government. On Twitter, he commented that there is just no way that a successful 51% attack could be completed against the Bitcoin blockchain by the Chinese government. The discussion stemmed […]

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Nano S Wallet Certified by French Government

Ledger’s Nano S Wallet has become the first crypto hardware wallet to be certified by the National Cybersecurity Agency of France, according to their published list of products on March 18, 2019. Welcome To The Club The Ledger Nano S Wallet has had an interesting life thus far.

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Crypto Privacy Part 2: Zcash vs. Monero

In the first few years of Bitcoin’s existence, one of the features that attracted the most attention from early advocates was the ability to make private transactions. Bitcoin’s Privacy Woes In a financial system where banks, businesses and government authorities heavily monitor consumer purchases, the ability for one to vanish from the radar of theseRead MoreRead More.

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Australia: Government Unveils National Blockchain Roadmap and Strategy

Australia has unveiled a fresh blockchain roadmap and strategy to help the country become “a global leader” in the emerging tech frontier, this according to a joint statement made on March 18, 2019, by two senior Ministers.

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In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry

In this edition of The Daily we feature two countries that want to promote their positions in the cryptocurrency and blockchain world. In the UAE a top banker has stated that keeping up with crypto is crucial to become an international financial hub and in Australia the government is investing in the local industry.

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The Rise of Cryptojacking: Prevent it, Detect it and Recover from the Malware

As cryptocurrencies grew in acceptance as well as value and cryptocurrency mining became a lucrative business, cryptojacking has become the latest jackpot for cybercriminals. Thousands of websites globally that are operated by government agencies and the most recognized organizations are compromised by malicious con artists who harvest their victims’ CPU power for covert mining operations.

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Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions

A community roadshow has been uniting crypto enthusiasts in several cities in India to share their ideas on the country’s crypto regulation. “The best ones will be included in the report to be submitted to the decision makers amongst the government,” the organizer of the events explained.

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Bitcoin Ransomware Cripples Boston Legal System for Two Weeks

Boston public defenders suffered a ransomware attack some weeks back but have chosen not to send the bitcoin demanded by the attacker. Instead, they decided to use back-ups to restore services. The Committee oversees public defenders in Boston.

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Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms

With the United States government threatening to prohibit payment companies from processing transactions in Venezuela, citizens may be forced more than ever before to adopt Bitcoin. No More Visa and Mastercard Payments for Venezuelans According to Bloomberg, U.

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Bitcoin Trading Plummets in Venezuela Blackout as Government Struggles to Pay Money Printers

Bitcoin use in Venezuela took a hit this week after a persisting electricity blackout appeared to limit the ability of users to transact.   Bitcoin Trades Drop 40 Percent That was the conclusion of some cryptocurrency commentators as data showed weekly trade volumes on P2P platform Localbitcoins fell by 40 percent in the week ending March 9.

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Chinese Government Officials Targeted With Ransomware, North Korea Suspected

A statement issued by the People’s Government of Yiling District, Yichang has revealed that Chinese officials have been the target of a ransomware email attack in recent days. Also Read: Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals Chinese Government Officials Face Ransomware Attack A statement issued by a Chinese provincial government website has […] The post Chinese Government Officials Targeted With Ransomware, North Korea Suspected appeared first on Bitcoin News.

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MIT Bitcoin: Legislators Discuss Regulation, Potential of Blockchain Tech

On March 9–10, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry.

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CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.

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Thailand’s SEC Reportedly Approved Pioneer Initial Coin Offering (ICO) Portal

According to a local news outlet, The Bangkok Post, the Thai Securities and Exchange Commission (SEC) has approved Thailand’s first Initial Coin Offering (ICO) portal on March 12, 2019. Unnamed Operator Is a Foreign Entity The Thai SEC’s approval means that other government agencies such as the Ministry of Commerce can now review the portalRead MoreRead More.

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Crypto Winter Freezes New York Bitcoin Mining Industry

A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it.

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EY Executive Says Bitcoin Has No Practical Use in India

An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.

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The Marshall Islands Digital Currency to Go Live Later in 2019  

Despite being criticized by several observers in the international community, including the International Monetary Fund (IMF ) and others, the government of the Marshall Islands remains focused on launching a cryptocurrency later in 2019.

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Crypto Troll Launches Communist Manifesto into Space Using Bitcoin

In a bit of an obvious troll move, Motherboard used the testnet version of a Lightning Network message embedding service to embed the closing lines of the Communist Manifesto on the testnet Bitcoin blockchain.

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Most Popular Cryptocurrencies in India According to Exchanges

Several Indian crypto exchanges have shared data with news. Bitcoin. com on the most traded cryptocurrencies on their platforms so far this year. Crypto enthusiasts in India have been buying and selling a wide range of cryptocurrencies despite the central bank’s roadblock which stops crypto exchanges from accessing banking services.

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US Marshals to Dispose Bitcoin, Will Whales Buy Cryptocurrency at Auction?

The US Marshals Service is appealing for help disposing of seized or forfeited cryptocurrency. The government body is looking for firms to provide feedback on appropriate methods to store, liquidate, or potentially return Bitcoin and other cryptos involved with financial crimes.

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Canadian Federal Tax Agency Targets Bitcoin Investors

The Canada Revenue Agency (CRA) has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.

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Argentina Working and Binance Labs to Tackle Economic Crisis via Blockchain and Cryptos

Binance, a Malta-based cryptocurrency exchange on March 6, 2019, announced that Binance Labs, the venture arm of the exchange, is building the cryptocurrency future of Argentina while the government is supporting Binance Labs to foster the growth of blockchain technology in the country.

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Why Nigeria has the Potential to Make Cryptocurrency Dominant in Africa

At present, cryptocurrency is still yet to take its full course in any country on the African continent. With several hinderances from the government and traditional banks, it is nearly impossible for any cryptocurrency, be it Bitcoin or any other altcoin to receive full adaptation from African citizens.

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Kaspersky: Bitcoin Needs Less Government Control and More Collaboration

Russian cybersecurity expert Eugene Kaspersky has said cryptocurrencies can be a success, but only if governments stop trying to control them or alternatively when all countries unite under a single global government.

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A Forensic Analysis of Blockchain Surveillance Companies

Blockchain analysis is big business. The U. S. government alone has spent $6 million on transaction mapping tools, while cryptocurrency exchanges routinely partner with compliance companies that promise to track and trace the origin of customer funds.

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Taiwan: FSC Says STO-Based Crowdfunding Mechanism Coming Soon

According to a report by local financial news outlet Taiwan Economic Daily, Taiwan’s Financial Supervisory Commission (FSC) has announced that it will establish a new mechanism to raise funds based on security token offerings (STOs).

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Billionaire Eugene Kaspersky: World Isn’t Ready for Bitcoin Yet

Billionaire Eugene Kaspersky says bitcoin is a brilliant innovation, but the world is not ready for cryptocurrency just yet. However, the CEO of Russian cybersecurity firm Kaspersky Lab believes that will change — in 100 years.

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Litecoin (LTC) Explodes, Is this the “Venezuelan Effect”?

Litecoin price surge, up 14. 8 percent Venezuela approves Bitcoin and Litecoin as remittance agents Volumes explode as Litecoin (LTC) likely to close above $50 It is only through Remesas, which has the support of the Venezuelan government and under its regulators, that users can send funds using Bitcoin and Litecoin.

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Blockchain and Crypto Firms in Malta Struggle to Find Banking Services

Blockchain and cryptocurrency firms are facing difficulties with opening bank accounts until they get their Malta Financial Services Authority (MFSA) license according to the Times of Malta report on March 1, 2019.

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Indian Supreme Court Advocate Says Cryptocurrencies Cannot Be Regulated

A supreme court advocate has explained the limitations of the Indian government’s power to regulate cryptocurrency, determining that the court should not get involved. Meanwhile, the crypto community awaits the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.

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Indian Official Tries to Condemn Bitcoin by Calling it a Shiny Toy But Ends Up Praising It Instead

An advocate practicing in the Supreme Court of India wants the government and regulators to treat bitcoin like a shiny new toy. Abraham C Mathews said in an opinion column published Monday that the Reserve Bank of India (RBI) had no structure in place to enforce crypto regulations – even if it wanted to.

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Venezuelan Government Launches Crypto Remittance Service

The government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction.

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Bahrain Could Squeeze India to Re-Open its Crypto Market and Legalize Bitcoin

As per the request of the Reserve Bank of India, the country’s central banking institution, local banks have been disallowed from dealing with crypto businesses such as Bitcoin exchanges since 2018.

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Blockchain Technology to Help Penang Track Halal Products

On March 1, 2019, Malaysian Deputy Agriculture and Agro-based Industries Minister Sim Tze Tzin announced that the Malaysian government is looking into utilizing blockchain to track and control agricultural and halal products.

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Bahrain Courts Indian Crypto Businesses in Collaboration With Government

The Bahrain Economic Development Board is inviting Indian firms to take advantage of the opportunities its country has to offer including for crypto businesses. The board has been collaborating with the Indian government on a number of issues.

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U.S. Marshals REKT: Seized Bitcoin Would Now Be Worth $500M

The U. S. Government missed out on a more than half a billion dollar opportunity. Figures released by the website Bitcoin Seized suggests that had Uncle Sam decided to hodl onto all the Bitcoin (BTC) it had seized over the past four years, it would have made a very good markup indeed.

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Indian Government Confirms Cryptocurrency Regulation in Final Stages

The government of India has told the country’s supreme court that the committee tasked with drafting crypto regulation is in the final stages of deliberations. The court plans to hear the petitions against the banking ban by the central bank after the government produces crypto regulation.

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America’s Signature Bank to Offer Services to Bermuda Crypto Companies

U.S. commercial bank Signature will start to offer a full range of banking services to licensed fintech companies in Bermuda, including those in the digital asset industry. The bank has reached an agreement with the government to provide the service, moving in to fill the gap left by local banks, which have been reluctant to […] The post America’s Signature Bank to Offer Services to Bermuda Crypto Companies appeared first on Bitcoin News.

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Russian President Vladimir Putin Sets July 1 Deadline for Crypto Regulations

The Russian President ordered his country’s government to fast track the adoption of federal laws related to cryptocurrencies no later than July 1, 2019. The latest order is similar to one he made about cryptocurrency regulation back in 2018.

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