May 14, 2021
According to a bombshell report in Bloomberg, Binance Holdings Ltd., the world’s largest cryptocurrency exchange, is under investigation by the Internal Revenue Service and the Justice Department.
Anonymous sources told Bloomberg that officials specializing in the investigation of money laundering and tax evasion are now questioning individuals with knowledge on Binance’s business.
In an emailed statement to Bloomberg, Binance spokeswoman Jessica Jung said: “We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion. We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity.”
Su Zhu and Kyle Davies are the founders of the crypto asset hedge fund Three Arrows Capital.
They told the Bankless podcast about how they rebalanced to ether after being overweight bitcoin.
They also shared how ether could overtake bitcoin and go over $25,000 in the short- to medium-term.
Bitcoiners love to buy and hold so much that HODL hold on for dear life has effectively become an investing strategy for many crypto investors.
For the crypto asset hedge fund Three Arrows Capital though, being aware of short-term narratives while sticking to a long-term thesis has differentiated them from the increasingly competitive space.
The electric automaker said it will no longer accept bitcoin as payment.
Riot, MicroStrategy, and Marathon shares tumbled on market open on Thursday.
Shares of electric automaker Tesla Inc (NASDAQ: TSLA) erased earlier losses and were trading higher by just under 2.0% after Thursday’s market open. The reversal in direction follows a surprise announcement from the electric automaker in which it said it will no longer accept bitcoin as payment.
Pro: was this a marketing ploy at Tesla?
Tesla CEO Elon Musk took to Twitter to express concern with “rapidly increasing use of fossil fuels for Bitcoin mining.” While at the surface this may appear to be a negative catalyst for Tesla stock, this wasn’t the case as shares inched higher.
Looking for the adrenaline rush of investing in Bitcoin but without the bother of crypto-exchanges and digital wallets? An exchange-traded fund might do the trick, except an investor won’t find one tracking Bitcoin anywhere in the $6.2 trillion U.S. ETF universe at least not yet. While exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada, U.S. regulators have repeatedly batted down attempts to introduce them, citing concerns about potential m
Ark Financial s crypto expert sees Dogecoin washout, Bitcoin rivaling gold bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.