Coinatory

Michael Saylor, a staunch Bitcoin advocate and co-founder of business intelligence software company MicroStrategy, has added the Lightning Network to his corporate email account. As a result, individuals can now send Bitcoins to Saylor using email address. Saylor, who is 58 years old and has a fortune of approximately $1.2 billion, has received small Bitcoin contributions from supporters since the integration announcement. MicroStrategy owns approximately 140,000 BTC, an equivalent of nearly $4 billion at current exchange rates. A lightning Network is a second-tier solution built on top of a Bitcoin blockchain, allowing for faster, cheaper, and more scalable transactions. The Lightning Address protocol was used to integrate MicroStrategy, which replaces a regular lightning invoice or payment request with an online identity, such as Read more about The co-founder of MicroStrategy integrated the Lightning Network into his corporate emails. #Cryptonewstoday, #Altcoin, #Bitcoin, #Blockchai...

Brian Armstrong will make suggestions to the UK about rules, taxes, and fostering cooperation between the banking and FinTech industries. According to a plan outlined by cryptocurrency exchange Coinbase, the United Kingdom may "turbocharge" its cryptocurrency industry and serve as a "innovation hub for the Web3 economy".The CEO of Coinbase, Brian Armstrong, would speak at a London fintech conference and provide nine recommendations on how the U.K. could “cement its place” as a Web3 hub. “In short, things are happening in Europe that are edging the region ahead and, when it comes to embracing the digital economy, the region is preparing for a seismic change in how it uses and thinks about money" Armstrong's plan includes building a cross-departmental plan for digital innovation and economy digitization, assuring collaboration Read more about The UK as a Web3 innovation Hub: Coinbase #Coinbase, #Cryptonewstoday, #Regulations, #UK, #Web3

The Bank of Israel is preparing an action plan for the potential issuance of a digital shekel (SHAKED), despite the fact that a decision has not yet been made as to whether the Bank intends on doing so. The questions of the circumstances under which it would be decided to issue a retail CBDC is a complementary important discussion to the significant work being done on the business and technological specifications. Several scenarios could lead to the creation of a digital shekel: Decline in the legitimate use of cash and its acceptance in transactions in Israel – According to our data, cash is still used in Israel in a significant portion of the consumer transactions. However, it is highly probable that the use of cash as a means of payment will decline in the future, with the expanding adoption of payment applications a Read more about The Israeli central bank wanted to create a digital shekel (CBDC) #Altcoin, #CBDC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday,...

The SEC investigates Bittrex, a US-based digital asset exchange for allegedly breaching investor protection laws, which has resulted in the exchange ceasing its operations in the US. This regulatory action has raised concerns among the crypto community, which has been dealing with regulatory issues for some time. The SEC's recent scrutiny of Bittrex and other exchanges such as Coinbase and Kraken suggests a shift in regulators' focus on crypto exchanges, following their previous focus on digital currency issuers. The SEC's investigation into Bittrex began in 2017 when the agency issued several subpoenas to the exchange to gain insight into its revenue streams and asset selection criteria. The SEC claimed that Bittrex did not register as an exchange, broker-dealer, or clearinghouse, leading to the exchange moving its operations Read more about SEC Investigates Bittrex for Alleged Investor Protection Law Breaches, Leading to the Exchange Exiting the US Market #Cryptonewstoday...

Druk Holding and Investments (DHI), a commercial entity of the Bhutanese government, has reportedly invested millions of dollars in cryptocurrencies through its sovereign investment arm, which manages approximately $2.9 billion in assets. The investment was not publicly disclosed but came to light after Celsius and BlockFi, two bankrupt crypto firms, filed for bankruptcy in 2022. According to the filings, the DHI withdrew over $65 million from Celsius and deposited almost $18 million in crypto. BlockFi filed a complaint against the DHI for defaulting on a $30 million loan and refusing to repay it in full after liquidating 1,888 BTC collateral worth $76.5 million. However, the DHI's CEO stated that the issue has been resolved and is confidential. Celsius and BlockFi are two prominent bankruptcy cases in the crypto industry in Read more about Bhutanese government's investment arm invested millions in crypto #Cryptonewstoday, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryp...

A Georgia man was given a one-year prison term for stealing more than 50,000 Bitcoin from the Silk Road marketplace in 2012. James Zhong was given a year and a day in jail, according to a news statement from the US Justice Department on Friday, for crimes related to executing a scheme to steal more than 51,680 Bitcoin from the Silk Road drug trafficking website. Zhong has been charged with one count of wire fraud for illegitimately obtaining about 50,000 Bitcoin through the Silk Road dark web marketplace. The federal agency claims that during a search of Zhong's Gainesville, Georgia, residence in 2021, US authorities found roughly 50,676 Bitcoin, totaling more than $3.36 billion. Related: Price of Bitcoin: 6 main factors influence the BTC price Zhong has pleaded guilty to one count of wire fraud, which carries a potential Read more about Georgia Man Sentenced to One Year in Prison for Stealing 50,000 Bitcoin from Silk Road Marketplace in 2012 #BitcoinThief, #Cryptocurrency, #Crypto...

From the sales of his digital trading cards, Donald Trump, the 45th President of the United States, has made up to $1 million. The business behind the selling of NFTs with digital images of Trump, CIC Digital, paid the former US president between $100,000 and $1,000,000, according to a filing with the US Office of Government Ethics. The form, which was a component of his personal financial declaration to the Federal Election Commission, revealed that the American politician also made millions from speeches. The NFT collection includes a number of digital "cards" with images of Trump in popular scenarios and stances, such as Trump clutching a basketball, Trump in space, and Trump as a muscular wrestling champion. Related:Discover how to create NFT in just 6 easiest steps! The Polygon layer-two scaling technology, which Read more about Trump Earned Up to $1 Million from NFT Sales #Cryptocurrency, #Cryptonewstoday, #DonaldTrump, #NFT, #Regulations

Bo Shen, the general partner at Fenbushi Capital, has restated that the investigation into the theft of funds from his crypto wallet in November 2022 is ongoing. He made this known in a recent tweet, where he reiterated that he did not authorize the transactions from his stolen wallet and did not sell any LQTY tokens during the theft. Instead, he has pledged long-term support for the LQTY liquidity pool. Shen also requested the assistance of the crypto community in identifying the hackers responsible for the theft and promised to offer a reward for valuable information. In November 2022, Shen reported that $42 million worth of crypto assets, including $38 million in the USDC and other digital currencies, was stolen from his wallet. Investigations by the blockchain security company SlowMist initially revealed that the thief Read more about The investigation into the theft of Bo Shen's $42 million worth of crypto assets is still ongoing. #Cryptonewstoday, #Altcoin, #Bitcoin, #Cryptoc...