South Korean Supreme Court: Bitcoin is not a currency
The Civil Division of the Seoul Supreme Court ruled that bitcoins are not money, and therefore the interest rate rules do not apply to cases involving crypto-assets. The ruling was made in a case involving two companies, the names of which are not ...
TRM Labs: 19% of illegal crypto transactions in 2022 came from bitcoin
The dominance of the world's first cryptocurrency in cryptocrime has dropped significantly over the past five years. This is according to a report by analytical platform TRM Labs. . Bitcoin accounted for 97% of total illegal cryptocurrency tr ...
Michael Saylor’s MicroStrategy purchased 1,333 bitcoins worth $347 million
MicroStrategy bought 12,333 bitcoins for a total of $347 million in two months, from April 29 to June 27. The firm itself said so in its financial report. Michael Saylor's company now owns 152333 BTC worth more than $4.6 billion at an average excha ...
Trading volumes on crypto exchanges are growing due to bids for crypto-ETFs
The volume of trading on centralized cryptocurrency exchanges increased significantly over the past week. Analysts attribute this to BlackRock's bid for a spot crypto-ETF. Average CeFi trading volume rose from $11 billion on May 26 to $19.5 billion ...
Russian Supreme Court considers the conversion of bitcoins into rubles as money laundering
The Supreme Court of Russia recently overturned part of the conviction of a defendant in a drug trafficking case, explaining that the conversion of cryptocurrency into rubles could be considered money laundering.. The defendant in the case was accu ...
The Block: Fidelity plans to apply to launch its own bitcoin ETF
The Block reports citing sources familiar with the situation, investment firm Fidelity may apply for a bitcoin exchange-traded fund (ETF) as soon as this week.</div This would be Fidelity's second attempt to create such a product. In 2021, the company ...
Riot buys $162.9 million worth of mining equipment
One of the world's largest mining companies, Riot, announced the purchase of over 33280 new cryptocurrency mining machines from the firm MicroBT for a total of $162.9 million.</div The agreement calls for delivery of the new miners starting in Decembe ...
Cameron Winklevoss: “The great accumulation of bitcoins has begun.”
Один из основателей криптовалютной биржи Gemini Кэмерон Винклвосс считает, что рост биткоина до $30 000 знаменует собой начало «великой аккумуляции биткоинов» крупными инвесторами. Кэмерон Винклвосс (Cameron Wiklewoss) сообщил в Твиттере, что как институциональные, ...
Paying for money: why cryptocurrency transactions need fees
What do cryptocurrency transfer fees depend on, how are transaction costs structured and what role do they play in the systems? We'll try to explain as clearly as possible. What is a transaction fee Transaction fees are charged when transferr ...
Canadian mining company received a $50 million loan from Coinbase
Canadian mining company Hut 8 said it received a $50 million loan from Coinbase, the largest U.S. cryptocurrency exchange. <blockquote "This loan gives us additional financial flexibility. At the same time, it guarantees that we will be able t ...