The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31.
- News
Core Scientific sold $167M worth of Bitcoin holdings in June - News
Italian government will provide $46 million in subsidies for blockchain projects All companies developing IoT, AI or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health.
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Crypto market volatility shows need for 'enhanced regulatory and law enforcement frameworks' — BoE The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future.
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ECB officials prepare for ‘harmonization’ of crypto regulations: Report Regulators from 19 EU member states will reportedly attend a supervisory board meeting in July to discuss MiCA and its possible implementation.
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Singapore's financial watchdog considers further restrictions on crypto The Monetary Authority of Singapore may consider “placing limits on retail participation” for investors, as well as introduce rules on the use of leverage for crypto transactions.
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BlockFi announces deal with FTX US, including 'option to acquire' for $240M According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021.
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Ignite CEO announces departure after seven years Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite's split to two firms in May.
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June roundup: Who's hiring and who's firing in the crypto space Binance, Ripple and Kraken are hiring, while Coinbase, Gemini, and Crypto.com have announced staff cuts.
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Former Monero maintainer Spagni to surrender for South Africa extradition Court filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday.
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US lawmakers say crypto industry has a ‘tech bro’ problem hurting innovation Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color “remain in the waiting room,” according to Stephen Lynch.
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CFTC brings $1.7B fraud case involving Bitcoin against South African national “The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC.
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Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule “Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization.
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EU officials reach agreement on AML authority for supervising crypto firms “We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun.
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US govt delays enforcement of crypto broker reporting requirements: Report The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024.
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Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property "Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report.
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Roger Ver denies CoinFLEX CEO’s claims he owes firm $47M USDC Not mentioning CoinFLEX by name, Roger Ver said he had not “defaulted on a debt to a counter-party,” and alleged the platform owed him “a substantial sum of money.”
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That's 'Sir' Crypto Dad: French order knights former CFTC chair Chris Giancarlo The first of his name, king of the punks and the first regulators, protector of the seven tokens, the keeper of the great CBDC, the breaker of blockchains and father of crypto.
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Switzerland-based crypto mining firm expands operations to Texas The company reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s.
- Interview
How crypto is attracting some institutional investors — Huobi Global sales head “I think everyone is in agreement now that crypto is going to be around for the long term,” said James Hume.
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Central African Republic president launches crypto initiative following Bitcoin adoption The Sango project’s plans include building a "legal crypto hub," expanding the adoption of Bitcoin, and creating a “crypto island” — a special economic zone in the metaverse.
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Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF “The approval of each and every Bitcoin-linked investment product strengthens our arguments about why the U.S. market deserves a spot Bitcoin ETF," said CEO Michael Sonnenshein.
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Celsius Network hires advisers ahead of potential bankruptcy: Report Restructuring, bankruptcy and buyouts... media outlets are swarming with different reports on the next steps Celsius may take.
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Crypto Stories: YouTuber Paco de la India explains his travels using Bitcoin The Bitcoiner had visited eight different countries out of his goal of forty and was in Africa at the time of Cointelegraph’s interview.
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FTX may be planning to purchase a stake in BlockFi: Report Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday.
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White hat hacker attempts to recover 'millions' in lost Bitcoin, finds only $105 “We didn’t make money, but we definitely made new friends," said Lavar, who originally purchased the Bitcoin in 2016.
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Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations “The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse.
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Uphold withdraws with Venezuela, citing US sanctions The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
- Interview
The community-centered approach to Web3 — Aave founder and CEO "What if we actually can have ownership on our own presence in social media — our profiles, our social identities?” asked Stani Kulechov.
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Canadian regulator takes enforcement actions against Bybit and KuCoin “Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC.
- Interview
Institutions are exploring the space — KPMG Canada crypto team Kareem Sadek and Kunal Bhasin said the team had seen “a lot of momentum” around the tokenization of assets but was also considering the potential growth of NFTs and the Metaverse.