BlackRock says 1-2% a ‘reasonable’ Bitcoin portfolio allocation
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.
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Court orders Kraken to provide information on user transactions to the IRS
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS. 3776 Total views 29 Total shares Kraken has been ordered to provide information on its users to who conducted the equivalent of $20,000 in crypto transactions in any one year,…

Solana unveils Google partnership, smartphones, Web3 store at Breakpoint
During the ecosystem’s annual gathering at Breakpoint 2022 in Libson, Solana made a series of launch announcements as it prepares to go mainstream. Cointelegraph’s ground team — present during the conference — shared insights into Solana’s roadmap, which includes the launching of smartphones, dApp stores and a partnership with Google Cloud, among others.— Cointelegraph (@Cointelegraph)…

Tesla moves entire $765M Bitcoin stash to unknown wallets
Before the mass transfers, Tesla’s Bitcoin wallet had remained dormant since June 2022.

Coinbase will custody digital assets for US Marshals Service
The crypto exchange said the federal agency had selected its institutional investing arm “to provide custody and advanced trading services” for large-cap digital assets.

Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities. 1057 Total views 3 Total shares Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware.In a May 8 filing in the United…

Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins
A report published by CoinMetrics has found extreme wealth centralization among many top stablecoins, with at least 80% of the total capitalization for five top stable tokens being held in less than six accounts.CoinMetrics found that most at least 20% of transfers made using most stablecoins are valued at less than $100, showing significant stable…

Crypto Markets See Calm as Most Coins Consolidate Recent Gains
Tuesday, Oct. 16: Crypto markets are seeing some stability today following yesterday’s market upsing, with virtually all of the major cryptocurrencies seeing only minor price changes, both red and green, as of press time.Tether (USDT) has meanwhile seen a recovery, having yesterday slipped from its U.S. dollar peg to trade well below its historical price…

China and UK’s Planned Digital Currencies Appear to Have Little in Common
As major central bank digital currency (CBDC) projects develop apace, it is becoming clear that not all digital coins will look, or even function the same way.A recent analysis by Chinese financial media group InterChain Pulse reveals that two of the most visible such projects — those of the Bank of England (BoE) and the…