A South Korean court has jailed two people for crypto-powered drug trafficking, as the nation’s judiciary continues to crack down on Bitcoin and altcoin-fuelled crime. Per News1, the Namyangju Criminal Division of the Uijeongbu District Court found a man aged 31 and a woman aged 28 guilty of violating the Narcotics Control Act. Crypto-powered Drug...
Bitcoin, the world’s leading cryptocurrency by market capitalization, continues its upward momentum, trading around $71,300. This rally is driven by a significant influx into U.S. spot Bitcoin exchange-traded funds (ETFs), with a notable daily inflow of $886.75 million, contributing to over $1.2 billion in two days. Investor confidence is further bolstered by the anticipation of...
Nexus has secured $25 million in a Series A funding to develop verifiable computation through zero-knowledge cryptography. According to the latest announcement by the company, Nexus revealed that the funding round was co-led by Lightspeed Venture Partners and Pantera Capital. Other participants included Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund. Total Funding Reaches $27...
Newly listed bitcoin and ethereum exchange-traded notes (ETNs) listed on the London Stock Exchange (LSE), are failing to attract inflows due to the lack of institutional demand, according to crypto ETP providers. In May, 21Shares launched four new physically-backed crypto exchange-traded notes (ETNs) including the 21Shares Bitcoin ETN, 21Shares Ethereum Staking ETN, 21Shares Bitcoin Core...
Thailand’s Ministry of Finance revoked Zipmex’s digital asset business license on May 28, following recommendations from the Securities and Exchange Commission (SEC). The action came after the exchange repeatedly failed to adhere to the regulator’s directives, according to a statement. In a statement on Monday, the SEC explained its decision. First, it raised concerns about...
Semler Scientific (SMLR) – the healthcare technology firm turned Bitcoin believer – has announced its acquisition of another 247 BTC for its corporate balance sheet. Semler Scientific Buys More Bitcoin Per a company press release late Thursday, the new coins were acquired for $17 million including all fees and expenses, averaging $68,825 per coin. As...
A criminal gang in China has been sentenced for money laundering using digital yuan in an international scheme. According to a report by Mpaypass, the People’s Procuratorate of Yuecheng District, Shaoxing, handled the case where suspects Yuan, Zhang, and Kou were found guilty of using digital yuan accounts to cash out and conceal criminal proceeds....
During the US session, Bitcoin fell dramatically to $69,000 following the release of stronger than expected US NFp figures. MicroStrategy, known for holding a large amount of Bitcoin, is dealing with significant short positions valued at nearly $7 billion. Despite a notable decline in short-seller interest, there are still over 18 active short positions against...
Obligate, an on-chain capital markets platform built on the Polygon blockchain, said the Swiss crypto-financial services firm Bitcoin Suisse has issued its first tokenized bond issuance on its platform. Bitcoin Suisse has CHF 5 billion ($5.5 billion) in assets under custody. The firm said the funds raised from its tokenized bond issuance will be used...
Bitcoin (BTC), the leading cryptocurrency, experienced a significant decline to an intraday low of around $68,500. This downturn coincided with ‘Roaring Kitty’s’ YouTube livestream, which failed to invigorate the market. The drop was further influenced by a stronger-than-expected non-farm payroll report for May, adding 272,000 new jobs and strengthening the US dollar. This development dampened...