Cryptocurrency News

Luxembourg is enacting new legislation that empowers its Financial Intelligence Unit to issue cross-institution fraud alerts to both traditional banks and cryptocurrency exchanges. Targeting Crypto Loopholes Luxembourg is adding cryptocurrency exchanges to its emergency financial alert system under new anti-fraud legislation taking effect Aug. 8, extending broad asset-freezing notices beyond traditional banks as part of…Read More

South Korea’s KOSPI crashed more than 33% in July, its worst monthly drop on record, then reversed it with an 18% single-day surge on the last day of the month. A Historic Crash, Triggered by a Chip Shock The KOSPI’s July decline surpassed the single-month drops recorded during the 1997 Asian Financial Crisis and the…Read More

Bitcoin is holding near $64,000 after a week that delivered a $116 million Coldcard wallet hack, fresh Strategy selling and a stalling Clarity Act. A Week of Very Bad News for Bitcoin By any normal standard, bitcoin should be falling. The Coldcard hardware wallet theft has topped $116 million, with waves of drains continuing since…Read More

Elon Musk’s SpaceX beat Wall Street revenue estimates in its first earnings report since June’s initial public offering (IPO), but the value of its 18,712 BTC treasury dropped $540 million in six months. Revenue Beats, Losses Narrow SpaceX delivered its first earnings report as a public company on Tuesday, and the headline numbers cleared Wall…Read More

Senate Democrats plan to deny cloture on the Clarity Act, Punchbowl News reported, leaving the landmark crypto market structure bill short of 60 votes just days before the Aug. 7 recess. ‘They Don’t Want This to Happen’ Senate Democrats intend to deny cloture on the Clarity Act. The reason seems to be no visible progress…Read More

Bitcoin Magazine Self Custody Is Dead. Long Live Self Custody The Coldcard security failure has shaken Bitcoin’s confidence in hardware wallets—but abandoning self-custody would mean abandoning the very reason Bitcoin exists. History suggests the lesson isn’t to trust custodians again, but to build stronger, more resilient ways to hold our own keys. This post Self…Read More

Bitcoin Magazine SEC Commissioner Hester ‘Crypto Mom’ Peirce Optimistic About Clarity Act  The regulator is hopeful the long-awaited crypto market structure bill will pass. This post SEC Commissioner Hester ‘Crypto Mom’ Peirce Optimistic About Clarity Act  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.Read More

Bitcoin Magazine Asset Manager 3iQ to Manage Bhutan’s Bitcoin Reserves Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan’s Gelephu Mindfulness City project.  3iQ, Canada’s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also…Read More

Bitcoin Magazine Corporation’s Approach to the BIP-110 Soft Fork This article goes into how Bitcoin-utilizing corporations could approach BIP-110. This post Corporation’s Approach to the BIP-110 Soft Fork first appeared on Bitcoin Magazine and is written by Allard Peng.Read More

Bitcoin Magazine FBI Agent Accused of $1 Million Crypto Theft From ‘Adversarial Nation’  Court documents allege that Patrick Steven Yaroch was planning on going abroad with the stolen crypto. This post FBI Agent Accused of $1 Million Crypto Theft From ‘Adversarial Nation’  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.Read More