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News
Trump Backs 80% of Senate Ethics Deal on Crypto Clarity Act – Bitbo
12+ hour, 34+ min ago (333+ words) The White House has agreed to new ethics language in the Clarity Act, clearing one of the last obstacles ahead of a key procedural vote on the cryptocurrency bill in the Senate on Tuesday. The provision bars public officials from…...
Singapore Man, 22, Admits to $245M Bitcoin Heist Ring – Bitbo
3+ day, 18+ hour ago (321+ words) Malone Lam, a 22-year-old citizen of Singapore who had been living in Miami, pleaded guilty in federal court in Washington to leading a cybercrime ring that stole and laundered more than $245 million in cryptocurrency. Lam entered his plea to one…...
Plattsburgh Weighs New Bitcoin Mining Ban Over 105MW Grid Cap – Bitbo
5+ day, 4+ hour ago (207+ words) Plattsburgh, New York, is considering a short-term ban on new crypto ventures while the city rewrites its zoning rules. Mayor Wendell Hughes says a temporary ban would give Plattsburgh time to codify zoning changes that keep new crypto or data…...
Liquid Hacker Vows to Return 4,000 BTC Once Bug Is Patched – Bitbo
1+ week, 1+ hour ago (296+ words) The attacker who pulled roughly 4,000 BTC out of Liquid Network’s federation wallet over the weekend says the coins are coming back, on one condition: that the bug behind the withdrawal is patched everywhere first. The party, which Liquid described as…...
Fed Hike Odds Hit 58% as Trump Threatens Trade Retaliation – Bitbo
1+ week, 4+ hour ago (356+ words) Interest rate traders now put the chance of a Federal Reserve hike at this month’s meeting at 58.4%, a swing that arrived after a surprisingly healthy set of employment numbers. CME’s FedWatch tool shows nearly 60% of investors betting on a 25 basis…...
Pantera's Morehead Calls Bessent Bond Buyback a 'Bluff' – Bitbo
1+ week, 5+ day ago (312+ words) Pantera Capital founder Dan Morehead said the US Treasury’s expanded bond buyback plan backfired, and that bitcoin’s 26% August rally was a direct result. Speaking on Bloomberg Crypto, Morehead argued investors saw through Treasury Secretary Scott Bessent’s move almost immediately. On…...
Bitcoin Slips Below $80K as Gold Cools on Falling Yields – Bitbo
2+ week, 6+ day ago (311+ words) Bitcoin dropped below $80,000 during Tuesday’s Wall Street open after briefly touching 14-week highs of $81,265, as both crypto and gold retreated while US stocks posted modest gains. BTC/USD fell as low as $78,111 on Bitstamp, with the $80,000 zone proving difficult to…...
Oil Drops 3% as U.S. Shifts to Sanctions Over Strikes on Iran – Bitbo
2+ week, 6+ day ago (285+ words) Oil prices dropped more than 3% on Tuesday after the U.S. signaled a shift toward economic pressure rather than military strikes to confront Iran, pulling crude benchmarks sharply lower. Brent futures fell 3.2% to $89.20 per barrel, while U.S. West Texas Intermediate crude slid 3.3% to…...
Treasury Eyes $950B Cash Reserve to Fund Bond Buybacks – Bitbo
3+ week, 1+ hour ago (267+ words) The U.S. Treasury Department is signaling it could deploy its nearly $1 trillion cash reserve at the Federal Reserve to fund an expanded campaign of buying back longer-term government bonds, according to senior Treasury officials. The move would represent a significant escalation…...
Tether's $120M Bitcoin Mining Venture in Uruguay Falls Apart
3+ week, 11+ hour ago (330+ words) Tether’s plan to build a bitcoin mining foothold in Uruguay has unraveled after a disagreement with the country’s state-run power utility over electricity supply, according to a Reuters investigation. The stablecoin issuer invested roughly $120 million across two mining sites in…...