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Former Visa and JPMorgan Execs Take Over El Salvador’s Chivo Wallet
According to Lionguard Labs, the new Chivo wallet will offer Salvadorans a comprehensive suite of services, including wallet-activity-supported microloans, cash advances, free remittances, and crypto card payments. Former Visa and JPMorgan…
US Government Shifts $1 Billion in Bitcoin, $94 Million in Tether
The U.S. government’s cryptocurrency shuffle isn’t over. Following two days of bitcoin transfers totaling $770 million, federal wallets moved another 12,267.02 BTC worth approximately $1.01 billion on Thursday. The latest…
Rep. Hill Eyes Lame-Duck Session to Secure CLARITY Act Approval
Representative French Hill still hopes for approval of the CLARITY Act after the midterm elections. Hill, who championed the FIT21 Act—an earlier attempt to establish clear rules for the crypto market—believes that the current agency-led…
Zcash Dives 16%, Falling Harder Than Bitcoin Amid Market Sell-Off
Zcash dropped to $1,115 Thursday, wiping out all price gains accumulated since Sept. 16 and driving $38 million in leveraged long liquidations. Sharp Sell-Off Ends Weeks of Gains Privacy coin zcash (ZEC) dropped below $1,200 for the first…
From Zero to $8 Million: Satoshi-Era Bitcoin Awakens After 16 Years
On Oct. 7, Galaxy Research disclosed that it had identified a batch of 100 bitcoin mined in July 2010 that had finally stirred after lying dormant for 16 years, 2 months, and 24 days. While it took a while to spend the 100 BTC from…
El Salvador Defies IMF Waiver Terms to Stack More Bitcoin Daily
According to the country’s Bitcoin Office, the one-bitcoin-a-day accumulation strategy has continued, even after the IMF stressed that the country had not met the criteria for public-sector crypto holdings under a $1.4 billion ongoing…
Kazakhstan Taps Tether to Explore a New Tenge Stablecoin Model
Kazakhstan already has a tenge stablecoin in a central-bank sandbox. Now it has brought Tether into the room to study another one. Tether, the National Bank of Kazakhstan, and the Alatau City Authority signed an exploratory memorandum on…
Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH Buy
Publicly traded ether treasury firm Bitmine Immersion Technologies announced Monday that it has edged closer to its stated goal of obtaining 5% of the circulating ETH supply, adding about $41 million worth of the cryptocurrency to its…
Strive Buys 2,000 Bitcoin as Its Treasury Push Picks up Steam
Strive bought 2,000 bitcoin for roughly $169 million in a single week, lifting its treasury total to 29,462 BTC. The purchase was about six times larger than Strategy’s latest 334 BTC addition, even though Strategy still controls a stack…
Drift Hack Victims Get Their Money Back, 1 Cent at a Time
Drift victims can finally cash out six months after an April exploit left nearly $295.4 million in verified losses. Yet the numbers show just how long the road to restitution may be. The recovery pool opened with just $3.11 million, putting…