Grayscale sued by hedge fund, Strike brings remittances to Africa and Paraguay stops ‘Crypto Law’

Photo by Kanchanara on Unsplash Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust. According to Bloomberg, a Dec. 6 complaint was […]

ECB warns for BTC, BlockFi files for bankruptcy and Brazil adopts crypto als legal payment option

Photo by Nick Chong on Unsplash European Central Bank Issues Major Warning About Bitcoin In a recently published blog post, Ulrich Bindseil, director general of market infrastructure and payments at the European Central Bank (ECB), and Jürgen Schaaf, advisor to the senior management of the market infrastructure and payments business area of the ECB, predict […]

Bill for El Salvadorian BTC bonds, Genesis Trading warns for bankruptcy and Fidelity asked to stop bitcoin plans

Photo by Kanchanara on Unsplash  El Salvador takes first step to issue bitcoin volcano bonds El Salvador’s Minister of the Economy Maria Luisa Hayem Brevé submitted a digital assets issuance bill to the country’s legislative assembly, paving the way for the launch of its bitcoin-backed “volcano” bonds. First announced one year ago today, the pioneering […]

FTX files for bankrupcy, bitcoin drops to $17.000 and BlockFi stops processing withdrawals

Photo by Jonathan Borba on Unsplash FTX files for bankrupcy under Chapter 15 What a week.. a lot happened since our previous Crypto2Cash Chronicle. Starting with: FTX. FTX Digital Markets is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesday. Such a […]

FTX on the brink of .. collapse, Bitcoin drops back to $17.000 and $830 million liquidations

Photo by Maxim Hopman on Unsplash FTX on the brink of .. collapse! FTX, formerly the second-largest crypto exchange in the world, suddenly halted withdrawals yesterday. FTX is best known for its quirky billionaire founder, Sam Bankman-Fried. Investors pulled $6 billion in deposits from FTX after allegations that customers’ crypto was not fully backed. This […]

LND down again, MoneyGram offers bitcoin trading and retailer Pick n Pay to accept crypto’s

Photo by Traxer on Unsplash Huge transaction brought down LND again Is LND broken? On October 9th, a developer known as Burak announced a unique Taproot transaction. It broke Lightning Labs’ implementation of the lightning network. Now the same happened, for the second time in two weeks. Yesterday, Burak stroke again. “Sometimes to find the […]

Cash App integrates lightning, Chinese spies used Wasabi and CFTC Chair classifies ETH as commodity

40 million Cash App users can now send and receive Bitcoin lightning payments Cash App users can now send and receive bitcoin payments instantly via the Lightning Network. The process for transacting in bitcoin through Cash App is simple. First, a user goes to the app, opens the “Money Tab”, selects Bitcoin, and then a […]

48.000 BTC withdrawn from Coinbase Pro, support in Grayscale-lawsuit and Celsius makes plan for reimbursements

48,000 BTC Withdrawn by Institutions from Coinbase An on-chain analist has shared a massive withdrawal of bitcoin from the largest U.S.-based exchange, Coinbase. It was a transaction with the equivalent of nearly $1 billion at the current BTC/USD exchange rate. A CryptoQuant analyst shows that the withdrawn BTC had been held in Coinbase Pro for […]

Early Access is ready to Go, Yusko predicts $250k, EU votes for MiCA and biggest hasrate increase in year

Photo by Kanchanara on Unsplash Early Access is ready to Go! After observing the market for a long time, the founders of Early Access are going to release their Mintpass. Early Access stands for enabling participation in collaborations with Crypto2Cash. The Mintpass gives you instant and exclusive spot secure at the Tripple A Projects. All […]

Hashrate reaches ATH, McDonalds in Switzerland accepts BTC and USDT and NYDIG raises $720 million

Bitcoin hashrate reaches all-time high The Bitcoin hashrate hit a new all-time high above 245 exahashes per second. At the same time, miner profitability is near the lowest levels on record. Generally, difficulty, a measure of how “difficult” it is to mine a block, is a component of determining the production cost of mining Bitcoin. […]