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Multibillionaire entrepreneur Elon Musk says it could be possible to use Bitcoin on Mars, though the transaction settlement speed could pose challenges.

Elon Musk initially disses, then considers using Bitcoin on Mars

While initially resistant to the idea of using Bitcoin BTC $46,290 as currency on Mars, Tesla CEO and SpaceX founder Elon Musk may have just come around on the matter &...

8 months ago

BoE’s Deputy Governor Highlights Lack of Clear Regulation

Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor

Andrew Bailey, Bank of England governor, says cryptos lost its momentum to keep up a in the mainstream payments system. He stressed that cryptos such as Bitcoin are “pr...

8 months ago

The Turkish government is set to establish legal definitions for key cryptocurrency concepts, regulate trading platforms through licensing, and align with the standards of the Financial Action Task Force (FATF).

Turkey nears completion of comprehensive crypto regulation framework

In an interview with the Anadolu Agency on Jan. 10, Turkish Minister of Treasury and Finance Mehmet Şimşek confirmed that the cryptocurrency framework tailored for the Turkish market i...

8 months ago

The embattled crypto lender has filed an intent to claw back funds from those who withdrew $100,000 or more in the three months before it declared bankruptcy.

Celsius files intent to claw back certain pre-bankruptcy withdrawals

Creditors of the bankrupt crypto lender Celsius that withdrew large sums from the platform before it declared bankruptcy may be required to return part of those funds or face legal action. ...

8 months ago

Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency.

Bitcoin ETF: Cryptocurrency swings as watchdog X account 'compromised'

The Securities and Exchange Commission (SEC) later deleted the post and said its account had been "compromised". The social media platform has said the compromised account wa...

8 months ago

SEC Backed into Corner

Spot Bitcoin ETF Issuers in Fee War Ahead of Possible SEC Approval

Spot Bitcoin exchange-traded fund (ETF) fee war has commenced before the US Securities and Exchange Commission (SEC) has even approved the product. Spot Bitcoin ETF fees are as follows...

8 months ago

According to data, crypto and digital payments companies paid nearly $6 billion in fines in 2023 for shortcomings in customer checks and anti-money laundering controls violations.

Crypto firms paid $5.8b in fines in 2023, more than entire traditional finance system

Crypto and fintech groups faced fines exceeding those of the entire traditional financial system in 2023, the Financial Times reports, citing data compiled by software provider Fenergo. Dat...

8 months ago

Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.

Bitcoin ETF Approval Expected Soon, Bears Lose $100M

Traders betting against higher bitcoin (BTC) prices lost over $100 million in the past 24 hours as expectations of a spot bitcoin exchange-traded fund (ETF) approval i...

8 months ago

Bit24.cash – “Wholly Untrue”

Iranian Crypto Exchange Bit24.cash Reportedly Exposes Sensitive Data of Nearly 230K Users

Iranian crypto exchange Bit24.cash users reportedly suffered a significant data breach exposing sensitive data of nearly 230K citizens. However, the exchange dismissed the allegation as “w...

8 months ago

The encrypted data was inscribed over 332 transactions with fees ranging from $14 to $2,500 in satoshis, but the motive is still a complete mystery.

Mysterious Bitcoiner spends $64K to inscribe 9MB of data on Bitcoin

An unidentified Bitcoiner has just spent approximately $64,000 in fees to inscribe nearly 9 megabytes of raw binary data on the Bitcoin blockchain. According to a Jan. 7 post on X (for...

8 months ago