Reading Time: 2 minutes The so-called ‘King of Bitcoin’, Cláudio Oliveira, has been arrested in Brazil Oliviera was president of the Bitcoin Banco Group which claimed it lost 7,000 BTC in 2019 Bitcoin Banco Group turned out to be a criminal enterprise that took some $300 million from victims A man labelled the ‘King of…
Posts published by “Mark Hunter”
Reading Time: 2 minutes China’s development of their digital yuan has continued in recent weeks, leaving western nations floundering The digital yuan will soon be accepted on Beijing’s subway and rail systems, and soon Chengdu’s transport system Western countries should be worried about the threat from the digital yuan, according to some China’s sovereign digital…
Reading Time: 2 minutes One of South Africa’s oldest exchanges, Ice3x, has announced that it is closing down Ice3x had halted withdrawals weeks ago after finding a discrepancy in its BTC and LTC holdings The exchange abruptly halted withdrawals last month South African crypto exchange Ice3x announced this week that it is to shut its…
Reading Time: 2 minutes HSBC InvestDirect has apparently banned investors on its platform from buying shared in MicroStrategy due to its link with bitcoin In a message to a user, the bank called MicroStrategy a “virtual currency product”and said that further purchases were not allowed The FinCen Files leak in 2020 showed that HSBC allowed…
Reading Time: 2 minutes The Chinese government could take action against coal-powered Bitcoin mining farms A recent report claimed that Bitcoin mining operations could undermine the country’s new carbon footprint targets Some areas have already started taking action against crypto miners The Chinese government could take steps to limit the number of coal-powered Bitcoin mines…
Reading Time: 2 minutes Bitcoin’s drop yesterday has been attributed in part to a huge drop in the kimchi premium The premium fell 13% in a matter of hours, suggesting someone may have finally been able to arbitrage it A temporary halt in Bitcoin deposits and withdrawals may have also been behind the drop The…