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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

US Government Remains a Top Bitcoin Holder With Seized Stash Valued at .6 BillionAs of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access

Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto AccessSince the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent enforcement as “Operation Chokepoint,” a mission aimed at eliminating access to the crypto ecosystem in the […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

Crypto Neobank Wallbit Leaves Venezuela Due to Sanctions

Crypto Neobank Wallbit Leaves Venezuela Due to SanctionsWallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside the country would continue to be served. […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried

US Government Seizes 0 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-FriedFederal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits  TrillionA recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations

Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize InvestigationsWhile the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash

Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado CashFollowing the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 […]

South African Firm Altvest Capital Adds Bitcoin to Treasury