by Michael
Key TakeawaysCyprus shut its banks for nearly two weeks during the 2013 crisis.The bailout converted 47.5% of uninsured Bank of Cyprus deposits into shares.Bitcoin climbed from about $47 in mid-March to roughly $265 in April 2013. Inside the Human Cost of Cyprus’...
by Michael
Key TakeawaysDirector Graham Stone discussed his new documentary on the 2013 Cyprus banking crisis with Bitcoin.com News.In 2013, EU bank bail-ins forced Cypriots to lose up to 50% of savings, driving adoption of non-custodial Bitcoin.Stone warns that post-2013 laws...
by Michael
From last Friday, bitcoin has moved lower, around -4% in total as of this Friday morning. U.S. equities closed lower every trading day so far this week, driven by rising oil prices, rising U.S. bond yields, and rising conflict in the Middle East. The longer term...
by Michael
Key TakeawaysCrypto moguls pledged £72M to Reform UK, massively funding the party’s 2029 election preparations.Ben Delo and Christopher Harborne each committed £36M, letting Reform focus on policy over fundraising.Parliament banned direct crypto donations, but...
by Michael
Key TakeawaysBrazil’s strict central bank rules could force 290 of 300 crypto exchanges to exit the market.High capital demands up to $7.2M are pricing out smaller platforms, driving a wave of market exits.Crypto firms must apply by Oct 30 or shut down, consolidating...
by Michael
This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here. Over the past week, a flurry of...
by Michael
Key TakeawaysAntpool won the race at block 966500, while Spiderpool watched its perfectly valid Bitcoin block get tossed.Galaxy Research says Bitcoin has seen 3 one-block reorgs in 4 weeks, but small ones are typically part of the game.Monero’s 18-block and Bitcoin...
by Michael
Key TakeawaysA $52 million operation lifted the strike force’s total to $938 million.Treasury flagged reported North Korean use of Xinbi Guarantee.U.S. investigators helped authorities target 13 Madagascar scam centers. Crypto Scam Crackdown Nears $1 Billion About...
by Michael
Key TakeawaysWarren Jenson joins Polymarket as CFO, reporting to CEO Shayne Coplan.The former Amazon finance chief also serves on Ripple’s board.The appointment comes as Polymarket expands its U.S. and global operations. Polymarket Adds Finance Leadership as Business...
by Michael
Key TakeawaysLummis says Democrats got 100-plus CLARITY Act changes, but the Senate still needs 60 votes.Polymarket gives the CLARITY Act just 23% odds of becoming U.S. law before 2027.Kalshi puts enactment before Jan. 1, 2028, at just 46% as Tuesday’s Senate vote...
by Michael
Key TakeawaysStandard Chartered set a $0.325 SKY target for the end of 2028.Sky agents have borrowed $5.9 billion in USDS since September 2024.Slower yield-bearing stablecoin growth is the bank’s main stated risk. Standard Chartered Sets Fivefold SKY Price Target SKY...
by Michael
Key TakeawaysPompliano links larger government handouts to gains in bitcoin, gold, and land.Trump’s $5,000 pledge depends on Republican victories in both chambers.Bitcoin held near $78,000 in the initial trading response to the pledge. Trump’s Cash Pledge Fuels... Translate »