Bitcoin

After weeks of liquidating over $336 million of its Bitcoin holdings, the third richest crypto wallet is back on the market. The non-exchange wallet, whose value only comes behind the wallets controlled by Binance and Bitfinex, acquired 3,241 Bitcoins on April 5th.    Valued at around $145 million, the acquisition happened in two phases. The mystery whale initially purchased 289 Bitcoins, before making an additional purchase of 2,952 Bitcoins. This purchase comes after major sell-offs from the wallet in recent weeks. …

Kevin O’Leary – a Canadian entrepreneur and TV personality – explained why crypto mining will “save the world” at Bitcoin 2022. Despite regulatory concerns about Bitcoin’s carbon footprint, the Shark Tank star argues that the network is “good for the earth”. The Right Incentives O’Leary’s keynote speech covered the importance of regulation for crypto, and how it will impact the industry’s growth. He described the SEC as a “minefield” in crypto policy, due to a recent memorandum the commission put…

Nayib Bukele – President of El Salvador – has canceled his scheduled appearance at the Bitcoin 2022 Conference in Miami. That means he won’t be delivering a keynote speech originally slated for Thursday. Many were expecting the President’s appearance, considering his debut as a Bitcoin figurehead at last year’s conference. At the time, he had revealed his decision to make Bitcoin legal tender in El Salvador through a video presentation. However, he issued a letter to the conference today saying…

MicroStrategy CEO Michael Saylor has announced another company purchase of the premier cryptocurrency on Tuesday. According to Saylor’s Twitter, MicroStrategy bought exactly 4,167 Bitcoin at $45,714 each. The total purchase cost $190.5 million. This brings the company’s total Bitcoin holdings to 129,218 Bitcoin. Altogether, the company paid an average of $30,700 per coin. That means MicroStrategy owns $5.84 billion in Bitcoin at current prices. On the whole, his Bitcoin investment is up by about $1.9 billion right now. The last…

Cynthia Lummis – a Bitcoin-bullish Republican Senator – believes Bitcoin is destined to be adopted as a common means of exchange. She currently considers it a “commodity” but expects it to become a currency “really fast”, thanks to the lightning network. Bitcoin’s Evolution In conversation with MSNBC’s Chuck Todd on Meet the Press, Lummis went deep on Bitcoin’s currency status, and regulatory relationships. She explained that under the new bill she’s designing alongside Senator Gillibrand, they’d see it regulated like…

On Friday, the United States Securities Exchange Commission turned down Ark 21Shares' Bitcoin ETF proposal. The commission's refusal makes it its sixth rejection of crypto ETFs within the space of a year. The SEC Cites its Reasons On Friday, April 1, The United States Securities Exchange Commission (SEC) delivered its verdict on Ark 21Shares' spot Bitcoin ETF proposal after several postponements. The SEC refused to approve the application, stating that the ETF did not provide adequate protection against manipulation or…

Neil deGrasse Tyson – a famous American astrophysicist and planetary scientist – recently met with three influential Bitcoiners about the cryptocurrency. They include The Bitcoin Standard author Saifedean Ammous, Kraken Growth Manager Dan Held, and Human Rights Foundation CSO Alex Gladstein. In a tweet early on Saturday, Ammous posted a picture of the three men standing behind the astrophysicist. So glad [Dan Held], [Alex Gladstein] and I may have just orange-pilled [Neil deGrasse Tyson],” he said. “Orange pilling” is a…

Vitalik Buterin – co-founder of Ethereum – wrote an uncharacteristic blog post on his site today titled “In Defence of Bitcoin Maximalism”. The post argues why a healthy level of “toxicity” towards cryptocurrencies besides Bitcoin might be justified. However, considering the date, it’s unclear how seriously we should take the developer’s words. What Makes Bitcoin Different Vitalik’s arguments primarily address two unique aspects of Bitcoin that other crypto users often fret about. The first surrounds Bitcoin’s simplistic design choices, while…

The 19 millionth Bitcoin has officially been mined from the premiere blockchain network. That leaves only 2 million left to enter circulation. Bitcoin’s price is $46,467 at the time of writing, leaving its market cap (value of all Bitcoin combined) at $882,917,060,274. Block 730002 was mined at 16:21:29 UTC earlier today, according to mempool. It featured a reward of 6.32 Bitcoin for the winner – 6.25 of which was part of the block subsidy. The other 0.07 was from transaction…