Author: Kevin Helms

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies | Regulation Bitcoin News

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about Read More

Man Accidentally Threw Away Hard Drive With 7,500 Bitcoins, Offers City $72 Million to Search Landfill | Featured Bitcoin News

A man has accidentally thrown away a hard drive containing 7,500 bitcoins. He is now offering his city 25% of the value of the bitcoins stored in the hard drive for permission to search the city’s landfill site. His bitcoins Read More

Goldman Sachs Sees Bitcoin Market Becoming More Mature | Markets and Prices Bitcoin News

Goldman Sachs’ global head of commodities research sees the bitcoin market becoming more mature. “The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,” he detailed. Meanwhile, the Read More

Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple | Markets and Prices Bitcoin News

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the Read More

ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’ | Regulation Bitcoin News

The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work Read More

Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison | Regulation Bitcoin News

The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the Read More

Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India | Featured Bitcoin News

A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a Read More

Investment Manager Guggenheim Has Some Advice as BTC Sheds Billions — ‘Bitcoin’s Parabolic Rise Unsustainable’ | Markets and Prices Bitcoin News

Guggenheim Investments’ global chief investment officer has some advice on what investors should do as the price of bitcoin plummets. His company, with $230 billion in assets under management, has been trying to buy bitcoin for months. Guggenheim’s Strategist Has Read More

This Bitcoin Ransomware Rakes in $150 Million in BTC | Security Bitcoin News

A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to millions of dollars and typically run in the hundreds of thousands Read More

Economist Discusses What Would Happen if the Masses Ditch Fiat Currencies for Bitcoin | Regulation Bitcoin News

American economist Brian Wesbury has shared his thoughts on what would happen if the masses were to ditch fiat currencies and adopt bitcoin instead. He discussed whether the government would allow it to happen and how bitcoin can become a Read More

Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy | Markets and Prices Bitcoin News

Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial services Read More

Bitcoin Now Larger Than Facebook’s Market Cap — ‘Money Network More Valuable Than Social Network’ | Markets and Prices Bitcoin News

The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple. Bitcoin Surpasses Facebook in Market Cap Bitcoin’s frequent rise past all-time highs this Read More

Mark Cuban’s Bitcoin Plan: Run for President if BTC Hits $1 Million, Free Satoshis for Every Citizen | Featured Bitcoin News

Billionaire Shark Tank investor Mark Cuban has shared his idea of what he will do when the price of bitcoin hits $1 million. Cuban says he will run for president but only if some bitcoins are donated to the Treasury Read More

Iran Shuts Down 1,620 Cryptocurrency Mining Farms | Regulation Bitcoin News

Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Read More

Skybridge Bitcoin Fund Debuts With $310 Million — Investment Manager Expects Each BTC Worth $535K | Markets and Prices Bitcoin News

Skybridge Bitcoin Fund’s assets under management have risen to $310 million. Expecting the cryptocurrency to become a digital replacement for gold, the firm reportedly values bitcoin at $535,000. Skybridge also predicts that bitcoin’s price will reach $100,000 this year. Skybridge Read More

Cannabis Dealer Forfeits $3 Million in Bitcoin — 6,000 More BTC Still Missing | Regulation Bitcoin News

A cannabis dealer has forfeited bitcoins worth about $3 million after they were seized by the Irish Criminal Assets Bureau. However, a bigger stash of 6,000 bitcoins belonging to him, worth about $200 million at the current price, are still Read More

Economist David Rosenberg Pleads Ignorance on Bitcoin After Predicting Massive Bubble | Markets and Prices Bitcoin News

Economist David Rosenberg has pleaded “ignorance on bitcoin” after saying that the cryptocurrency was in a massive bubble. He admitted that bitcoin has exceeded his expectation but he still prefers gold because he understands it a lot better than bitcoin. Read More

FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges | Regulation Bitcoin News

The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a Read More