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Bitcoin Miner Marathon Digital-Linked Startup Auradine Raises $81M
16.5.2023
The Bitcoin miner backed the web infrastructure startup, and CEO Fred Thiel sits on the board
Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed
8.5.2023
Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block...
El Salvador’s Bitcoin City Has Not Been Shelved, Say Bukele-linked Bitcoiners
2.5.2023
An El Salvador government-linked organization has rubbished claims that the nation’s ambitious plans to build a haven for bitcoiners have been shelved.
Late last month, a number of Twitter-based individuals claimed that they had come across documentary evidence that the Ministry of Public Works...
Three North Koreans Sanctioned for Involvement in Crypto-Linked Hacking Group – Here's What Happened
25.4.2023
The US Department of Foreign Asset Control (OFAC) has sanctioned three individuals that allegedly supported North Korea through illicit financing and malicious cyber activity.
In a Monday press release, the US Treasury claimed that the three individuals provided material support to the Lazarus...
Dormant Bitcoin Wallet Linked to Mt Gox Saga Moves $60 Million for the First Time Since 2013
20.4.2023
According to onchain data, a bitcoin whale address transferred 2,071.5 bitcoin, worth approximately $60 million, after remaining dormant since December 19, 2013. Interestingly, this bitcoin address is linked to two wallets that sent 10,000 BTC last summer for the first time in nine years and...
Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide
19.4.2023
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency...
Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues
17.4.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela...
Tether Takes Action: Blacklists Validator Address Linked to $25 Million MEV Bot Drain – Here's What Happened
12.4.2023
Tether, the company behind the world's largest stablecoin, has blacklisted a validator address responsible for draining $25 million from Maximal Extractable Value (MEV) bots.
The validator exploited a bug in the MEV-boost relay to bypass MEV bots by attempting to execute a sandwich trade, which...
US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
5.4.2023
The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various...
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
DOJ Seizes $112M Linked to Cryptocurrency Investment Schemes in Multi-District Action
4.4.2023
The US Department of Justice (DOJ) has seized crypto worth more than $112 million that is linked to several crypto-related scams.
The seizure targeted six cryptocurrency accounts, and was based on warrants authorized by judges in the District of Arizona, the Central District of California, and...
Market Strategist Discusses ‘Super Bubbles’ Bursting — Warns of ‘Outrageously Consequential, Painful Effects’
28.3.2023
Market strategist Jeremy Grantham, co-founder of asset management firm GMO, has warned of “super bubbles” bursting. He explained that the Federal Reserve has “created an environment conducive to a chain-linked series of super bubbles that break with outrageously consequential...
SEC Sues Jake Paul for 'Illegally Touting' Justin Sun-Linked Cryptos
22.3.2023
The securities regulator said Paul participated in a scheme to illegally promote TRX and/or BTT
Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report
22.3.2023
Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers...
Wallet Addresses Linked to $200 Million Euler Exploit and Axie Infinity Hack Mysteriously Interact – Are North Korean Hackers Involved?
17.3.2023
Wallet addresses associated with the exploit of Euler Finance and last year's hack of Axie Infinity’s Ronin Network have interacted, stirring up speculations that North Korean hackers might also be behind the recent attack on Euler.
Blockchain data shows that an address controlled by Euler...
Art Trading Platform LiveArt Announces NFT Membership Card Linked to Exclusive Drops
16.3.2023
The platform says its LiveArt X Card is meant to "put an end to NFT flipping and speculation" by encouraging collectors to hold onto their art long-term
Alameda-Linked Wallet Sent $100M of Stablecoins to Trading Firms After USDC Depeg
15.3.2023
A wallet linked to the liquidators of the Alameda Research estate sent $100 million in stablecoins to crypto trading firms Cumberland and GSR Markets over the weekend
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
13.3.2023
The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals are introducing victims to this kind of game and then use malware to extract the funds from...
Silk Road Bitcoin for sale? US government-linked addresses transfer $1B in BTC
8.3.2023
US law enforcement agencies have confiscated thousands of BTC from Silk Road over the years and a significant chunk of it has been auctioned from time to time
Crypto Exchange Bitzlato Restores Access to User Funds
3.3.2023
Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money....