Bitcoin Magazine ‘Pay 13 Bitcoin or We Blow It Up’: Hyundai Bomb Threat Shakes South Korean Offices Hyundai Group evacuated employees from two major offices in Seoul today after receiving a bomb threat email demanding payment in bitcoin, police said.  Authorities later confirmed the threat was a hoax, but the incident added to growing concern […]

Bitcoin Magazine Bitcoin Price Will Jump to $143,000 Next Year, Says Citi Bank The bitcoin price could climb to $143,000 next year as continued adoption through exchange-traded funds and a more accommodating U.S. regulatory backdrop draw new capital into the market, according to a new forecast from Citi. Analysts at the Wall Street bank set

Bitcoin Magazine SEC Charges Bitcoin Miner for Duping Investors Out of $48.5 Million  The U.S. Securities and Exchange Commission has charged Danh C. Vo, founder and CEO of bitcoin mining company VBit Technologies Corp., with defrauding investors out of $48.5 million.  According to the SEC, Vo misused the funds for gambling, cryptocurrency purchases, and gifts

Bitcoin Magazine Fold Launches Nationwide Bitcoin Services Across All 50 States With BitGo Fold Holdings, Inc. ($FLD), a publicly traded Bitcoin financial services company, just announced that its platform is now available in all 50 U.S. states. The expansion follows a strategic partnership with BitGo Bank & Trust, which recently became one of the first

Bitcoin Magazine Taiwan Reveals It Holds 210 Bitcoin Seized in Criminal Cases, Valued at $18 Million Taiwan’s Ministry of Justice has disclosed that the government holds more than 210 bitcoin seized through criminal investigations, placing the island among the world’s top government holders of the asset by volume. The disclosure, confirmed by legislator Ko Ju-chun,

Bitcoin Magazine Bitcoin Price Briefly Pumps Above $89,000 As Cooler CPI Data Rolls In Bitcoin briefly surged above $89,000 on Thursday as a sharply cooler-than-expected U.S. inflation report came in. At the time of writing, the bitcoin price was trading near $88,374, down roughly 2% over the past 24 hours, according to market data. The

Bitcoin Magazine BitGo Enables Lightning Network Payments Directly from Custody BitGo, a digital asset infrastructure company, announced it now offers Bitcoin Lightning Network access directly from its qualified custody platform. The move makes it one of the first companies to provide Lightning payments for institutional custody. The service aims to give clients faster and cheaper

Bitcoin Magazine Bitcoin’s Lightning Network Capacity Hits New-All Time High Bitcoin’s Lightning Network, the layer-2 payments system designed to make Bitcoin faster and cheaper to use, has reached a new all-time high in capacity, signaling renewed institutional interest even as grassroots adoption lags. Data from AMBOSS shows Lightning capacity climbed to 5,637 BTC yesterday, surpassing

Bitcoin Magazine Norway’s Sovereign Wealth Fund Backs Metaplanet’s Bitcoin Strategy Norway’s Norges Bank Investment Management (NBIM), the manager of the country’s $1.7 trillion sovereign wealth fund, has voted in favor of all five management proposals at Metaplanet’s upcoming Extraordinary General Meeting (EGM) on Dec. 22, endorsing the firm’s bitcoin treasury strategy. NBIM, which held roughly

Bitcoin Magazine Bhutan Pledges Up to 10,000 Bitcoin to Build New Mega-City Bhutan has committed up to 10,000 bitcoin to support the long-term development of Gelephu Mindfulness City (GMC), marking one of the most ambitious sovereign uses of bitcoin for national infrastructure and economic development to date. The Himalayan kingdom unveiled the Bitcoin Development Pledge