Dariusz Z

Industry insiders are calling it "Bloody Sunday". Over the weekend, the price of bitcoin lost 12% of its value, dropping from $61,300 to a low of just over $53,800 within 24 hours, and many are speculating about the causes behind such a selloff. Among the theories was a rumor that spread on Twitter that the United States Treasury was planning to charge several financial institutions for money laundering using digital assets. It cannot be determined whether this news of April 18 had a significan

An Italian citizen was arrested after allegedly hiring a hitman in exchange for bitcoin. According to a news article published by European policing entity Europol on April 7th, Europol-assisted Italian communications crime law enforcement Polizia Postale e Delle Comunicazioni jointly arrested a local citizen suspected of paying about €10,000 worth of bitcoin (approximately $11,900 at press time) to a deep web hitman to kill his ex-girlfriend. Europol reportedly carried out an urgent analysis o

Miami Mayor Francis Suarez plans to turn the region into a Bitcoin mining hub. Speaking during an episode of the Unchained Podcast on March 26th, Suarez explained that he believes the United States can and should provide more opportunities to Bitcoin miners, and could make this industry cleaner from an environmental point of view. He argued that America produces nuclear energy which could allow for clean and basically limitless Bitcoin mining. Mayor Suarez's move is not surprising, given other

Grayscale Bitcoin Trust (GBTC), the world's biggest closed-end bitcoin fund, saw its trading price fall twice as much as the drop in the price of bitcoin. Market data from YCharts shows that shares of GBTC are now trading nearly 10% lower than the value of its underlying bitcoin. This follows recent reports that GBTC shares traded at an 11.5% discount, which resulted in the asset manager halting private placements in the trust. According to a March 25 Bloomberg report, GBTC closed over 14% bel

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for only four months, during which he earned the gratitude of local investors for raising interest rates and promising a more constructive monetary policy. His actions caused the price of the local fiat currency to s

Just over a month post-launch, Purpose Investment's Bitcoin exchange-traded fund (ETF) holds more than 14,000 bitcoin, approximately $820 million at press time, in assets under management. The Canadian asset management firm reported its milestone on Thursday, when it disclosed that the ETF had cracked the $1 billion mark in Canadian dollars on its one-month anniversary. Founder and CEO of Purpose Investments Som Seif commented on the achievement: When we launched Purpose Bitcoin ETF, we knew w

Morgan Stanley plans to offer Bitcoin funds to its wealthiest customers. CNBC reported on March 17th that the investment bank, which manages $4 trillion of client assets, told its financial advisors in an internal memo that it would offer three separate Bitcoin funds to the wealthiest of its clients as part of its wealth management service starting next month. Per the report, this is the first time that a United States bank offers funds backed by Bitcoin to its customers. The bank reportedly pl

Visa seemingly plans to follow in PayPal's fresh footsteps as it works to adopt Bitcoin. The firm's CEO Alfred Kelly said on Fortune’s Leadership Next podcast on Tuesday that the payment processing behemoth is willing to facilitate not only bitcoin purchases, but also spending functionalities, and in a big way: We’re trying to do two things. One is to enable the purchase of Bitcoin on Visa credentials. And secondly, working with Bitcoin wallets to allow the Bitcoin to be translated into a fiat