Former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi and friend Sameer Ramani were accused of insider trading last month. According to Reuters, Ishan Wahi appeared in front of a Manhattan federal court yesterday and pleaded not guilty.
Several major Portuguese banks are closing the bank accounts of four domestic bitcoin and crypto exchanges, citing risk management concerns. This has likely to do with the contagion seen in the bitcoin and crypto space in the last months and several centralized lenders and exchanges going bankrupt.
A new bill, which according to Wall Street Journal and Bitcoin Magazine is being introduced today, seeks to classify bitcoin as digital commodity and make the U.S. Commodities Futures Trading Commission (CFTC) responsible for overseeing it.
Last year, an infrastructure bill signed by president Biden included new regulatory requirements that could adversely affect the bitcoin industry. The massive infrastructure bill, which was mostly about non-bitcoin related issues, raised red flags and worried industry experts.
The company behind the Bitcoin beach wallet, Galoy Inc., is enabling a new feature that allows users to hold and transact with “bitcoin-backed” US dollars. The new feature is called ‘Stablesats’ and is different from traditional USD-backed stablecoins like Tether or algorithmic stablecoins like Terra and Luna, which recently collapsed when UST lost its peg.
Jack Dorsey, who co-founded Twitter and Square, recently stepped back from his role as Twitter’s CEO with the goal of doubling down on Bitcoin, which according to his own statements is the most important work he could focus on.
It all began in 2009 when James Howell obtained bitcoins through mining. Back then the IT worker managed to mine 8,000 BTC when its value was barely above $0. The price of bitcoin then soared in 2013, hitting an all-time high of $1,100 before closing the year 85% lower than its peak.
A survey that was conducted from December 3 until December 16, 2021, by Deloitte in collaboration with PayPal, shows that almost 75% of retailers are planning to accept bitcoin and crypto as payments. This is in regard to the sample data that they gathered from 2,000 senior executives at retail organizations in the United States.
A new report by Barron’s states that UK regulators are pushing for regulation that would put a cap on individual bitcoin holdings.
Several articles are circulating that claim the Bank of Japan (BOJ) is abandoning its Central Bank Digital Currency project in the near future due to lack of interest from the public.