BlackRock increases stake in Michael Saylor’s Strategy to 5%
BlackRock’s investment comes a day after the world’s largest corporate Bitcoin holder rebranded from MicroStrategy to Strategy.
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All Quiet on the Crypto Front as Bitcoin, Altcoins Shun Volatility
An eerie calm continues to linger over cryptocurrency markets Friday, Oct. 26, as Bitcoin (BTC) volatility hits an all-time low and altcoins remain stagnant.Market visualization from Coin360Data from Cointelegraph’s price tracker and Coin360 paints an underwhelming picture for short-term speculators, but one that has delighted many analysts, who have begun hailing a new era of…

India subjects crypto transactions to anti-money laundering law
The operators face an obligation to store the transactions’ data for ten years and pass it to regulators on demand. Own this piece of history Collect this article as an NFTWhile there’s nothing new in imposing anti-money laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify all…

The open source debate: Is crypto losing its soul?
Crypto was born from an open-source ethos, where code was shared publicly, accessible for review and shaped by community contributions. Transparency and verifiability are foundational principles that enable trust in Bitcoin. But as the space matured, some disadvantages of open source surfaced. Innovative smart contract platforms and decentralized finance (DeFi) applications were forked to create

Fed’s dovish move will slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

Bosnian court sides with Bitcoin miner in frozen bank account case
The second-largest Italian bank would have to pay $144 million in compensation to the mining farm, the judge rules. 598 Total views 5 Total shares Italy’s second-largest bank UniCredit and the Bitcoin (BTC) mining farm Bitminer Factory have faced each other in the Bosnian city Banja Luka court, which decided that the bank improperly closed…

Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. 810 Total views 5 Total shares Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows…

Stock market slump trickles into today’s Bitcoin and altcoin correction
What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies?

US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.” 347 Total views 11 Total shares