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The Latest Breaking News from Bitcoin

Binance restarts withdrawals of Bitcoin after second halt

NEW YORK: Binance restarted withdrawals of Bitcoin after citing congestion on the token’s blockchain for two halts in less than 12 hours, suspensions that weighed on cryptocurrency markets.

The Times of India

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022

The White House's recently-published DAME tax proposal report brings to light estimates showing that national Bitcoin mining consumed more power than all of the United State's computers combined.

Tom’s Hardware

Mum jailed after hiring hitman to kill colleague she had a brief fling with

Helen Hewlett was jailed after spending over £20,000 of Bitcoin on the dark web to try and get Paul Belton, a work colleague, killed by a hitman following a brief fling

Daily Mirror

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Cash App’s quarterly Bitcoin sales approach $2.2 billion, up 25% year over year

The increase in Bitcoin sales is a reverse from the prior quarter.

Fortune

Billionaire investor Tim Draper predicts Bitcoin bull market, says 'controlling' government is 'killing the golden goose' of Silicon Valley

The crypto enthusiast and Silicon Valley veteran is a supporter of decentralization.

Fortune

So, you're telling me that US crypto mining used more power last year than ALL THE COMPUTERS?!

The upper limit could actually put it on par with the energy consumed by all the lighting in the United States. Eep.

PC Gamer

Biden proposes heavy tax on cryptocurrency miners for 'the harms they impose on society'

Better late than never?

PC Gamer

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Robert F. Kennedy Jr. joins crypto fray as top politicians square off on industry’s future

Ron DeSantis, Ted Cruz, and a host of other politicians have recently commented on the space.

Fortune

Crypto’s Rebirth Has Question Marks

Cryptocurrencies have experienced an impressive rebound in 2023. This has also led to a rebound in crypto mining stocks. But will this rally continue?

Barchart

FBI, Europol make hundreds of arrests in dark web shutdown

SpecTor shutdown sees almost 300 people arrested, and millions of dollars taken.

TechRadar

How crypto can reshape the $130 billion remittance market in Latin America

After years of setbacks, Bitso CEO Daniel Vogel says that crypto remittances have finally broken through.

Fortune

Bhutan plans a $500 million fund for crypto mining in the Himalayas

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.

The Times of India

OPINION - Podcast | Cryptoartist Trevor Jones: “100% NFTs are still a thing” (and how to get one of his for free)

Trevor Jones is one of the world's most successful cryptoartists, with works like Bitcoin Angel selling for around $3 million.

Evening Standard

Coinbase offshore exchange launches with Bitcoin and Ethereum futures

The launch comes amid a larger regulatory crackdown in the U.S. that has crypto firms looking abroad.

Fortune

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Fortune

Gemini launches offshore derivatives platform as Winklevoss twins tire of U.S. crypto quagmire

“If lawmakers could come together and build a clear framework for crypto companies, it would be a huge boon for the U.S.,” Tyler Winklevoss told Fortune.

Roll Call

House GOP tries panel collaboration on crypto; Democrats leery - Roll Call

House Agriculture and Financial Services Republicans are collaborating in an effort to agree on a legislative framework for cryptocurrencies.

Fortune

Bitcoin posts fourth straight month of gains for first time since 2021

Some point to Bitcoin’s rebound as a sign that its price could soon skyrocket.

Kiplinger

Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It Again

A Kiplinger staffer describes his experience with Bitcoin and why he won't be investing in the cryptocurrency again.

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Bangkok Post

Bitcoin sags after its longest streak of monthly gains since 2021

Bitcoin slipped back Monday after climbing for four consecutive months through April in the longest such winning run since 2021.

Fortune

If U.S. defaults on debt Bitcoin could rise nearly 70%, says Standard Chartered analyst

Standard Chartered's Geoff Kendrick is bullish on Bitcoin regardless, even as Warren Buffett calls it a "gambling token."

Fortune

Solana has outperformed Bitcoin and Ether in 2023

Solana's native token has gained more than 130% in 2023.

Barchart

What Could Replace the US Dollar as World Reserve Currency?

For the past 90+ years, the US Dollar has been the reserve currency of the world. Yet in recent years, that dominance has been shrinking. Speculation has been surging that there is a new challenger on the horizon to ultimately unseat the Greenback. What will it be?

Fortune

New Venmo feature lets users transfer crypto to outside wallets—and to each other

Its sister app, PayPal, allowed customers to transfer crypto to outside wallets in 2022.

Reuters

Hamas armed wing announces suspension of bitcoin fundraising

The armed wing of the Palestinian Islamist group Hamas said on Thursday it would stop receiving fundraising via the crypto currency bitcoin, a method it has used for years, citing an increase in "hostile" activity against donors.

Fortune

Robinhood to let customers buy crypto using outside wallets and apps: ‘Our conviction in the future of Web3 remains strong’

The online brokerage also announced a series of upgrades to its existing crypto services.

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