CRYPTO
Tokenized Gold Hits Record $1.4B Market Cap as Trading Volumes Soar in March
The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month, CoinDesk Data’s report show. What to know: The market capitalization of tokenized gold climbed to a record $1.4 billion in March with trading volumes soaring to yearly highs, CoinDesk Data’s […]
FBI Seizes $200,000 in Crypto From Hamas-Linked Wallets, Accounts
The seized funds represent just a portion of the more than $1.5 million in donations that the DOJ alleges flowed through the accounts. What to know: The U.S. Federal Bureau of Investigation (FBI) seized more than $200,000 in cryptocurrency from several wallets and exchange accounts linked to the Palestinian militant […]
GameStop Raising $1.3B Via Convertible Debt to Buy Bitcoin
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet. What to know: Just 24 hours after adding its name to the roster of companies pursuing a bitcoin (BTC) treasury strategy, GameStop (GME) — led by its CEO Ryan Cohen — […]
99% of Crypto Tokens Are Going to Zero: Fund Manager
Money managers in crypto are able to use trading strategies that stopped working in TradFi more than a decade ago. What to know: There’s never been a better time to allocate money to crypto hedge funds. That’s according to Chris Solarz, the chief investment officer of digital assets at Amitis […]
Congressman Ro Khanna Says Democrats Are Changing Their Tune On Bitcoin
For years, Congressman Ro Khanna (D-CA) has been one of the few Democratic politicians in the U.S. government who’s been a vocal proponent of Bitcoin, but now he says that more Democratic elected officials as well as prominent voices in the party are coming to support his stance. On March […]
Bitcoin ATM Business Remained Sluggish Through Bull Market
Bitcoin Depot has booked roughly $3 billion in transactions since its inception in 2016. What to know: Bitcoin (BTC) may have surged above the $100,000 mark last year, but not all bitcoin-centric businesses benefitted from the price action. Bitcoin Depot (BTM), a firm that specializes in selling bitcoin ATMs, has […]
Democrats Propose More Bad Bitcoin And Crypto Regulation
Certain Democrats have made the case that the U.S. federal government should follow New York State’s lead when it comes to Bitcoin and crypto regulation. This is a terrible idea. On Friday, Maryland Delegate Adrian Boafo (D) and New York Assemblyman Clyde Vanel (D) sent a joint letter to Democratic Congressional leaders […]
Strategy Added 6.9K Bitcoin for $584M, Bringing Stack to 506K Tokens
The company used proceeds from the sale of common stock for this latest purchase. What to know: Michael Saylor-led Stategy (MSTR) brought its bitcoin stake above 500,000 tokens with additional purchases made last week. The company purchased 6,911 bitcoin for $584.1 million, or an average cost of $84,529 per token, according […]
Congressional Hearing Reveals Stablecoins and CBDCs Share the Same Financial Control Risks
Even private sector digital currencies come with built-in surveillance, leaving financial freedom an open question. If you’re tired of censorship and surveillance, subscribe to Reclaim The Net. A congressional hearing on digital currencies rarely makes headlines. Yet, this week’s debate over stablecoins and central bank digital currencies (CBDCs) revealed more than technical disagreements; […]
The FAIR Act Would Protect Bitcoin Holders
The FAIR Act, legislation designed to protect people from civil asset forfeiture, would be a safeguard for Bitcoiners’ coins. A few weeks ago, we briefly touched on how civil asset forfeiture may apply to Bitcoin, a process in which the Government may seize citizen’s assets without accusing a person of a […]
