Bitcoin makes new millionaires of old miners
Around 40,000 addresses eclipsed the million mark when BTC broke $20,000 on Wednesday -- taking the total to 66,540, a 150% jump in one day.
Highlights
89 stories, newest first
Grayscale’s $13B portfolio is mostly Bitcoin
Grayscale’s crypto portfolio is now worth $13 billion, up from $10 billion in November.
Plan B: Pornhub goes fully crypto
The world’s largest adult website Pornhub now only accepts crypto for its premium services, following its snub by payment giants Mastercard and Visa.
Banco Generali wants to be a Bitcoin bank
Italy’s Banca Generali wants to offer Bitcoin custody services next year, having led a $14 million investment round in local crypto wallet Conio.
MassMutual diversifies with $100M worth of Bitcoin
Think about it: a 168-year-old insurance giant, whose success hinges almost entirely on its ability to analyze and manage risk, bought Bitcoin for its potential upside.
Will Trump pardon Silk Road’s founder?
Some of crypto’s major players are calling on the outgoing US president to “do the right thing” and pardon Silk Road founder, Ross Ulbricht before Joe Biden takes the reins in January.
Bitcoin expert sentenced to 5 years for money laundering
A Paris court sentenced Russian computer expert Alexander Vinnik to 5 years in prison this week over his role in laundering cryptocurrency for ransomware hackers.
Bitcoin miners and the difficulty/transaction singularity
Bitcoin is more difficult to mine than ever and it has some folk worried the network might not be as viable as previously thought.
Bitcoin and the S&P 500 under Trump
The S&P 500 index just suffered its worst week since COVID-19 wrecked stock markets back in March by falling 6%.