The “Bitcoin OG,” which began rotating its $11.4 billion fortune to Ether in August, has continued buying ETH over the weekend and now holds $3.8 billion of it, onchain data shows. In its latest move, the Bitcoin whale sold 4,000 Bitcoin (BTC) worth $435 million, exchanging it for 96,859 spot Ether over a 12-hour splurge,…
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Investment advisers are the largest trackable cohort outside of retail that are buying Bitcoin and Ether exchange-traded funds, according to new data from Bloomberg Intelligence. Bloomberg ETF analyst James Seyffart said in an X post on Wednesday that investment advisers are “dominating the known holders” of Ether ETFs, investing over $1.3 billion or 539,000 Ether…
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US prosecutors appealed the sentences of time served given to the co-founders of HashFlare, a crypto mining service and $577 million Ponzi scheme. Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences handed down earlier this month to Sergei Potapenko and Ivan Turõgin. Potapenko and Turõgin were in custody…
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Outgoing US Commodity Futures Trading Commission commissioner Kristin Johnson says she will be leaving the regulator next week, on Wednesday, Sept. 3, after saying earlier this year she’d leave the agency before 2026 after completing her term. Johnson said in a statement on Tuesday she considered it an “honor and privilege” to work as a…
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The United Arab Emirates (UAE) holds around $700 million in Bitcoin, which has been largely accumulated from mining operations, according to the blockchain analytics platform Arkham Intelligence. Arkham said in an X post on Monday that it has become one of the first to publicly identify the UAE government’s wallets, finding that their wallet addresses…
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Venture capitalist and founding partner of Draper Associates, Tim Draper, says altcoins could ultimately make Bitcoin better by acting as testing grounds for upgrades. During an interview on CNBC’s Squawk Box on Monday, Draper said there will also be “many other cryptocurrencies,” created over time, which will help grow Bitcoin’s (BTC) dominance. “Competition is good…
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A wallet address labeled by blockchain security analysts as the “Coinbase hacker” bought $8 million in Solana on Sunday using their reportedly ill-gotten gains. According to Lookonchain, the hacker converted DAI (DAI) to USDC (USDC), then bridged to the Solana network and bought 38,126 Solana (SOL) near the $209 mark across multiple purchases. Solana is…
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David Bailey, entrepreneur and Bitcoin adviser to US President Donald Trump, says there won’t be another Bitcoin bear market for several years amid growing institutional interest in the crypto market. But the four-year cycle says otherwise, and crypto analysts tell Cointelegraph that there are more than a few headwinds that could tank the markets. It’s…
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Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto. The online scams include investment scams, phishing websites and are found in online advertisements. ASIC Deputy Chair Sarah Court said in a statement that ASIC’s investment scam…
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A major Bitcoin whale who has diamond-handed Bitcoin for the last seven years has sold off some of its bag to open a long position in Ether, joining a recent wave of Bitcoin whales opening up to Ethereum. The OG whale sold 670 Bitcoin (BTC) for $76 million on Wednesday, then used those funds to…
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