Bitcoin News Headlines
* Bitcoin Breaks $25,000 Barrier, Hits Highest Level in Six Months
The price of Bitcoin (BTC) soared to over $25,000 on Saturday, reaching its highest level since June 2022. The rally has been attributed to a combination of positive news, including the launch of new Bitcoin-based products and services, as well as a broader market recovery.
* Binance and Paxos Face SEC Investigation Over BUSD Stablecoin
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance and Paxos Trust over the issuance of the Binance USD (BUSD) stablecoin. The SEC is said to be looking into whether BUSD constitutes an unregistered security.
* MicroStrategy Buys Another $250 Million of Bitcoin
MicroStrategy, the business intelligence company led by Bitcoin evangelist Michael Saylor, purchased another $250 million worth of Bitcoin. This brings MicroStrategy’s total Bitcoin holdings to over $4 billion.
* MetaMask Announces Institutional-Grade Custody Solution
MetaMask, the popular cryptocurrency wallet provider, announced the launch of MetaMask Institutional, a custody solution designed for institutional investors. The service provides secure and compliant storage for large amounts of digital assets.
* Australian Government Launches Digital Dollar Pilot
The Australian government has launched a pilot program for a digital version of its currency, the Australian dollar. The pilot involves testing the functionality and usability of a central bank digital currency (CBDC) in real-world scenarios.
* Bitcoin Miner Marathon Digital Reports Record Monthly Production
Marathon Digital Holdings, one of the largest Bitcoin mining companies, reported record production of 687 Bitcoin in January. The company attributed the increase to the installation of new mining rigs and improved operational efficiency.
* South Korea Unveils New Crypto Tax Legislation
The South Korean government has unveiled a new tax law that will impose a 20% tax on capital gains from cryptocurrency transactions. The law, which is expected to take effect in 2025, is aimed at bringing clarity to the taxation of cryptocurrencies.
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