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Tag Archives: News

German Government Moves Another 900 BTC, Selling Portions on Coinbase and Kraken

The Bundeskriminalamt (BKA), or the Federal Criminal Police Office of Germany, moved 900 BTC on Tuesday, selling 400 of those to Coinbase and Kraken. Both exchanges received 200 BTC, respectively. On-chain analysis shows a wallet labeled German Government (BKA) moved the assets over three different transactions. While two of those transactions sent assets to exchanges for liquidations, the third transferred 500 BTC to a wallet labeled ‘139Po.’ The reason for the transfer and the relationship...

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Bitcoin Mining Firm Hut 8 Receives $150 Million Investment For Powering AI Use Cases

Hut 8 has secured $150 million from Coatue Management, causing its stock price to rise by at least 4%. Other Bitcoin miners who provide AI-related services also saw their stock values increase because of the news. Soluna Holdings (SLNH) jumped 17%, and Applied Digital (APLD) rose 10%. The investment depicts Bitcoin miners expanding their computational capabilities to AI firms. Miners are trying to increase revenues, which have taken a hit across the board because of the Bitcoin halving. Hut...

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MakerDAO Governance Delegate Loses $11 Million in Phishing Scam

The increasing phishing attacks in the crypto ecosystem have found their next victim. This time, a governance participant in the MakerDAO ecosystem lost $11 million in Aave Ethereum Maker (aETHMKR) and USDe tokens to an attacker who mercilessly siphoned the funds away from their wallet. They signed multiple transactions on a spoofed application, which was all that was needed for the hacker to make away with the $11 million. About 3,657 aETHMKR tokens got transferred in the process through a...

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