Author: Coindesk
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“While we recognize the intrinsic value of technologies like artificial intelligence, virtual reality and robotics, we believe that blockchain will serve as the trust layer for the convergence of all these technologies, allowing them to build upon each other and form the framework of the future digital economy,” the manifesto said. Read the full article here
“In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm’s chief financial officer, said during an earnings call. Read the full article here
“This is a game changer for BCB Group, allowing us to expand our footprint into the EEA for the first time since Brexit,” Oliver Tonkin, CEO of BCB Group, said in the release. “We have been very impressed with our engagement with the French regulators, and we look forward to integrating ourselves into the burgeoning blockchain ecosystem in France,” he added. Read the full article here
On Friday, Paris-based Bitcoin company Acinq announced it is pulling its popular Lightning network wallet, Phoenix, from app stores in the U.S., citing regulatory uncertainty. Users are recommended to close their channels and move their funds before access is terminated on May 3, 2023. Read the full article here
While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a sizable profit thanks to bitcoin’s (BTC) first quarter rally, the company elected not to do so. By the old standard, MicroStrategy at quarter’s end valued its bitcoin holdings at a price of $23,680 each, or $5.1 billion, rather than March’s closing price of $71,028, or $15.2 billion. Read the full article here
BTC drifted lower during the day from $64,000 over the weekend, slipping briefly to $61,800 before recovering to just near $63,000 at U.S. afternoon hours. The largest crypto by market value was recently changing hands at $63,000 down about 1% in the past 24 hours, holding up better than the broad-market CoinDesk Market Index (CD20), which lost 3% over the same period. Read the full article here
Rodriguez, 35, and his Samourai Wallet co-founder William Lonergan Hill, 65, were arrested last week – Rodriguez in Pennsylvania and Hill in Portugal – and charged with one count each of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. The charges carry a maximum sentence of 20 years and five years, respectively. Read the full article here
Zhu Haokang : Based on the analysis of various factors, we believe that cryptocurrency ETFs will be beneficial to cryptocurrency prices. First, Hong Kong’s crypto spot ETF market injects more liquidity into the crypto market. Second, accelerate the compliance of the industry. Third, funding channels have been expanded. Fourth, investors may obtain arbitrage opportunities between ETF prices and spot prices, allowing more market makers and arbitrage investors to actively participate. Fifth, with the passage of our crypto spot ETF, trading factors in traditional markets will also directly affect the cryptocurrency market. Sixth point, we believe that Hong Kong’s regulatory framework…
More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao as a devoted father and friend, and a “geeky” tech nerd who shuns luxury purchases despite his immense personal wealth. Read the full article here