Tag Archives: News

Justin Sun, a household name in the crypto ecosystem, has verbalized his idea to buy bitcoin reserves from a German government-labeled crypto wallet off-market. By doing so, he intends to nullify the selling pressure engendered by the wallet every time it moves its holdings to centralized exchanges (CEXs). He posted his intent to negotiate with the German government on X, “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on...

The Federal Criminal Police Office (BKA) transferred 3,000 bitcoins worth $172 million on Thursday. On-chain analysis reveals that 1,300 bitcoins were sent to centralized exchanges (CEXs) Kraken, Bitstamp, and Coinbase, and the remaining to an unknown Bitcoin wallet. That translates to about $75 million moved to CEXs and $ 97 million to the unknown address. PeckShieldAlert notified its followers about the BKA’s CEX-related transfers on X, “#PeckShieldAlertThe #Bitcoin address bc1qq0…738z...

Bitcoin’s price hit new lows, dipping to below $57,000 on Thursday—a price point not witnessed since May when the asset was climbing to achieve highs it had not recorded before. This plunge was aroused by defunct crypto exchange Mt. Gox conducting trial transactions from its wallet and the German Federal Criminal Police Office (BKA) transacting $175 million. Mt. Gox will pay its creditors this month. They lost their bitcoin holdings because of the hack that plundered it, resulting in it...

It has been months since the Nigerian government detained Tigran Gambaryan, Binance’s head of compliance, in Kuje Prison. His wife, Yuki Gambaryan, has complained of continuing health deterioration, stating he is now suffering from “numbness in his foot as well as back pain.” Yuki Gambaryan also mentioned the “double pneumonia and malaria” he contracted in prison. Despite the grave health issues mounting on top of each other, Gambaryan was only taken to a medical facility once. Reports from...

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