Crypto2cash

Payment restriction in EU anti-money laundering bill irks crypto industry A single article introduced by the European Parliament to the anti-money laundering rule for commercial crypto payments has stirred Europe’s digital asset industry. Policymakers hope that they can close a loophole for untraceable transactions by prohibiting payments over a €1,000 ($1,070) threshold from unregulated crypto payment services providers operating in…

Wallets associated with U.S. government transfer 40,000 BTC Wallets associated with the government of the United States transferred around 40,000 bitcoin, a majority of which are internal transfers. Among the total amount of Bitcoin transferred, which is worth more than $2 billion, a definite quantity of coins was moved to the leading crypto exchange Coinbase. Notably, the leading…

Mt. Gox creditors may finally start seeing their bitcoins this month Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open. Creditors are expected to receive early repayments from March 10 onward, while the deadline for such payments to be completed is September 30, according to a January statement. …

Bitcoin Core maintainer Marco Falke announces to step down Bitcoin Core maintainer Marco Falke has announced he will step down from the role. The prolific Bitcoin developer took to Twitter on Tuesday, saying: “In a challenging decision, I concluded to transition out of my role as maintainer. I remain passionate about open source and Bitcoin and I am positive…

Bitcoin NFT protocol Ordinals surpasses 100,000 inscriptions Just five days after reaching 50,000 inscriptions, Bitcoiners using the Ordinals protocol have now inscribed more than 100,000 pieces of data onto the Bitcoin blockchain. Since the project’s launch in January 2023, a seemingly endless stream of pictures, audio files and PDFs have been uploaded. Inscriptions through the Ordinals protocol…

DCG offloads Grayscale shares to raise capital: Report Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings, DCG sold around a quarter…

Blockstream secures $125 million in funding for bitcoin mining operations Digital asset infrastructure firm Blockstream has secured $125 million in funding aimed at expanding its bitcoin mining facilities. Blockstream has received the funding in convertible note and secured loan financing, the company announced in a Tuesday press release, adding that it plans to use the money to expand its mining…

MicroStrategy acquires 2,500 BTC, now holds 132,500 BTC MicroStrategy recently said that it has spent over $55 million to buy almost 2,500 bitcoins over the preceding two months. Following these purchases, Microstrategy is now holding approximately 132,500 bitcoins. Specifically, Michael Saylor’s business paid over $42.8 million to buy 2,395 bitcoins. In the same vein, the company sold around…

Bitcoin mining firm Core Scientific filing Chapter 11 bankruptcy It has been reported that Core Scientific, formerly the leading bitcoin mining firm, is now on a downward spiral. US-based publicly listed business apparently plans to seek Chapter 11 bankruptcy protection in the state of Texas. …