Tag Archives: United States

Blockchain data shows that the Department of Justice (DOJ) is moving another massive batch of seized Bitcoin (BTC) connected to Silk Road – the defunct darknet marketplace launched by Ross Ulbricht in 2011. The government has already confirmed plans to sell its Silk Road-related BTC throughout the year, meaning the latest transfers could signal its intention to soon dump more. Silk Road Sale: Round 2 As tweeted by Wu Blockchain on Wednesday, two Silk Road BTC addresses...

Coinbase’s shares spiked to almost $90 following the news that exchange operator Cboe Global Markets filed amended applications of three spot BTC exchange-traded funds, adding surveillance-sharing agreements with Coinbase. The US Securities and Exchange Commission has yet to decide on the launch of such a product. It remains unknown whether the lawsuit filed against Coinbase by the watchdog will affect its final ruling. Rising to Almost One-Year High Cboe Global Markets – an...

Robert F. Kennedy – a US presidential candidate from the Democratic party and an outspoken advocate of the cryptocurrency industry – revealed owning between $100,001 and $250,000 worth of bitcoin.  The disclosure comes approximately two months after the Miami BTC conference, where he said he is not a crypto investor. Kennedy Owns Over 3 BTC According to a financial disclosure report seen by CNBC, the Kennedy family held up to $250K in bitcoin as of June 30. While this could...

One of the leading cryptocurrency mining companies – Marathon Digital – produced 979 BTC in June, 21% less than the 1,245 BTC mined in May. As of the end of last month, the company owned 12,538 BTC, making it one of the biggest corporate holders of the primary digital asset. The June Figures The US-based BTC miner announced that the extremely hot weather in Texas last month and the emergence of Ordinals, which “significantly increased transaction fees,” have negatively...

Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp.  Previous reports revealed that the agreement between the two entities is worth $885 million.  ‘BTM’ Pops up on Nasdaq The partners announced the finalization of the special purpose acquisition company (SPAC) merger. The combined organization will be renamed Bitcoin Depot Inc. and will be run by the...

John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case. Moreover, the youngster was the victim.  The Gruesome Crime That Led to the Punishment According to recent coverage, Musbach exchanged sexually explicit videos and...

In the past two weeks, there has been a series of spot Bitcoin exchange-traded fund (ETF) applications from different traditional finance giants in the United States. The frenzy started after BlackRock, the world’s biggest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange Commission (SEC) on June 15. A Bitcoin Spot ETF Frenzy BlackRock’s move spurred several Bitcoin ETF hopefuls to make fresh...

An analysis conducted by Atlantic Council revealed that 130 nations, or 98% of the global GDP, are “exploring” a central bank digital currency (CBDC).  11 countries have fully launched one, with China being an example. A Closer Look at the CBDC Trends The research estimated that 95 counties had joined the CBDC race in the past three years. As of the moment, 130 nations have introduced some programs, with many being developed economies, such as Japan, South Korea, Australia,...

Kraken has been ordered to turn over sensitive user information for clients that had transactions worth in total over $20,000 over the course of a year. The tax agency said it wants to determine whether crypto investors have been cheating on their tax reports. The IRS filed the initial court petition in the Northern District of California earlier this year, claiming that it had previously issued summons to the exchange in 2021 that the latter ignored. The agency also said it...

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