The U.S. government transferred 29,800 Bitcoin, valued at approximately $2 billion, to an anonymous address, according to Arkham Intelligence, a blockchain analytics firm. The seized Bitcoin is associated with the Silk Road, a dark web marketplace that was infamous for facilitating illegal activities ranging from drug trafficking to money laundering. Arkham, is a data firm...
Bankrupt crypto exchange Mt. Gox is preparing to distribute its remaining 80.5k Bitcoin holdings to creditors and investors. It comes as Bitcoin’s price struggles to surpass the $70,000 mark. According to Arkham Intelligence, a Mt. Gox address labeled 12Rgp moved 0.02 BTC ($1,350) to an address starting with 1Adb. It also moved 0.0001 BTC to...
The Terra blockchain suffered a security breach that resulted in the unauthorized access and theft of millions of tokens. The exploit targeted a vulnerability within a third-party module known as IBC hooks, a crucial component facilitating cross-chain contract calls and token movements within the network, crypto researcher Rarma said in a recent post on X....
Tokenized real-world assets (RWAs) convert physical assets – like real estate, art and commodities – into tokens that can be traded across blockchain platforms. This concept can help increase liquidity, security, and transparency within traditional financial markets (TradiFi). According to blockchain analytics and research firm Messari, the RWA market has grown to $8 billion in...
Polymarket betters are predicting Republican nominee Donald Trump will win the 2024 U.S. presidential election this November despite impressive gains by presumptive Democratic nominee Kamala Harris. According to Polymarket’s 2024 Official Election Forecast, Trump has 61 percent of the vote, while Harris trails behind with 37 percent. Donald Trump Favored Over Kamala Harris By Polymarket...
The Securities and Exchange Commission (SEC) has charged prominent activist short seller Andrew Left and his firm, Citron Capital, with orchestrating a $20 million fraud scheme. Left, has previously bet against Grayscale Bitcoin Investment Trust, allegedly made several false and misleading statements as part of a scheme deceiving followers. The SEC’s complaint alleges that Left,...
The Federal Reserve acquiring bitcoin would be a hedge against themselves, diversify holdings and safeguard against inflation, says Gabor Gurbacs, former VanEck advisor. Speaking at the Bitcoin 2024 Nashville conference, U.S. Senator Cynthia Lummis made clear plans to convert excess reserves at twelve Federal Reserve banks into bitcoin over five years. Lummis, a lawmaker, revealed...
The University of Wyoming has launched what it calls the first academic Bitcoin Research Institute to elevate quality Bitcoin research. Announced during the Bitcoin 2024 Conference in Nashville the new academic research division will be headed by associate professor of Philosophy and author, Dr. Bradley Rettler. The Institute “aims to produce high-quality peer-reviewed publications about...
Cryptocurrency exchange Bitstamp announced via the social media platform X that the assets credited to creditors of the Mt. Gox Bitcoin exchange on Bitstamp are now fully accessible following the completion of security checks. The repayments began on July 25 for the 20,000 former users of Mt. Gox who are slated to receive their funds...
BlockFi, the beleaguered cryptocurrency lender, has received court approval to repay 100% of customers’ funds and unsecured creditors after nearly two years of financial turmoil and legal battles. The US Bankruptcy Court for the District of New Jersey granted this approval, marking a significant milestone in BlockFi’s journey to make its customers whole. BlockFi Granted...