Bitcoin's recovery above $85,000 faces a demand test after a sharp fall in bets on another Federal Reserve rate hike. A new post-payroll study places the strongest burst of forced buying before Friday's jobs report, while Bitcoin retreated after...
The International Monetary Fund has approved a disbursement worth SDR 101.96 million ($138 million) for El Salvador after granting the government a waiver for its failure to meet a condition related to Bitcoin accumulation.
The IMF Executive Board completed the...
PeckShield counted 55 major crypto hacks in September, totaling $766.49 million in losses.
That is about 462% above August’s $136.3 million, and two incidents account for nearly all of it.
Two Breaches Dominate the Month
The Bitget incident, at about $387 million,...
Research and reporting by Alexander Manev, BitOK. Reporting and adaptation by Brave New Coin.
Investigators following the Bitget hack have identified approximately 87.82 BTC attributable to one branch of the stolen funds that remained in ten unspent Bitcoin outputs on...
The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms.
American Banker reported that the complaint asked...
The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency over rules allowing crypto-focused firms, such as Circle, Ripple, BitGo, and Paxos, to obtain national trust bank charters.
This comes just as a few...
Companies can own a mountain of US government debt without betting that bond prices will rise. Hedge funds buy Treasury securities and sell futures against them to collect a small pricing gap, borrowing most of the purchase money to...
Ethereum layer-2 network built around native yield Blast said on Oct. 2 that it will shut down because maintaining the chain costs more than it earns.
The project asked users to move their assets to Ethereum mainnet by Oct. 26...
Bitcoin Magazine
IMF Praises El Salvador — But Still Tries To Scale Back Its Bitcoin Project
The International Monetary Fund has praised El Salvador for improving its economy — but scolded it at the same time for its ongoing Bitcoin experiment.
In...
Milwaukee-based Fiserv announced on October 1 that its digital asset platform is live with financial institutional clients, and Bank of North Dakota’s Roughrider Coin is the first product running on it.
The dollar-backed stablecoin settles on Solana and gives more...
