US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million [...]

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Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America

According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution, and the firm will be required to cease operations in Connecticut. [...]

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Virtual money is regulated in Alaska

Digital currency enterprises in Alaska must receive a money transmission license by January 1, 2023. Investments and monetary worth will incorporate virtual money. Investors in Alaska, South Dakota, Wyoming, New Hampshire, Nevada, Texas, Tennessee, and Florida still pay no capital gains tax. (Read More)

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New York Mayor urges state to abandon ‘stifling' BitLicense scheme

“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement.

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Facebook Owner Meta Weighs In-App Tokens for Its Metaverse

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GAO says cryptocurrency increases the risk of drug/human trafficking

In a recent report on Monday, the U.S. Government Accountability Office (GAO) says that virtual currency is increasingly being used in an unauthorized manner to facilitate human and drug trafficking. According to the reports, a government agency that provides auditing and investigative reports to Congress emphasized that the gazebos, also called crypto ATMs, were in […]

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Cryptocurrency to be bought on BitPay at 0 fees

Cryptocurrency can now be bought on the BitPay wallet app for no fees at all, but only for a limited period. This statement was out in a press release that was published by BitPay on 20 December 2021. BitPay also took to Twitter and announced that it has partnered with Simplex to offer 0% fees […]

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Crypto operations opposed by the Bank of Russia

According to the Russian legislation, it is not prohibited for individuals or legal entities to buy cryptocurrencies in foreign markets, but it is prohibited to issue them on domestic platforms and use them as means of payment within the Russian Federation. In an interview on Friday the 17 December 2021, by the local media house […]

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BSP: Virtual Currency Transactions Reach Php 106 Billion in First Half of 2021

Diokno reminded the public to transact only through BSP-registered virtual asset service providers (VASPs).

The post BSP: Virtual Currency Transactions Reach Php 106 Billion in First Half of 2021 appeared first on BitPinas.

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Chinese provincial official expelled for violating crypto mining ban

A former CCP official from Jiangxi province allegedly abused his administrative powers to undermine the political principle of “two maintenance,” which relates to the notion of firmly maintaining the authority of the party.

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With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. [...]

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Shanghai judge says cryptocurrency is a commodity, legal to own

Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute.

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US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The [...]

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Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token

On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin [...]

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Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, [...]

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