While many Bitcoin whales “woke up” in the last month to sell their BTC at big profits as it rallied over $122,000, analysts say it is a good sign of a maturing market and doesn’t hurt the value of Bitcoin. In an X post on Wednesday, Bitcoin financial services company Swan Bitcoin said the largest…
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South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively explore digital currency. A Bank of Korea official said its Virtual Asset Team will also be responsible for responding to “discussions related to stablecoins and…
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A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty. The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in defrauding investors by promising high…
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The United States has filed a civil complaint seeking the forfeiture of $2.4 million in Bitcoin seized by the Dallas FBI, bolstering the proposed US Strategic Bitcoin Reserve. The civil complaint filed in the Northern District of Texas on Thursday calls for the forfeiture of 20.2 Bitcoin (BTC) seized from an address allegedly associated with…
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The US Securities and Exchange Commission approved and then immediately paused the conversion of Bitwise’s crypto index fund into an exchange-traded fund, leaving it in limbo pending a review. The SEC’s division of trading and markets granted an “accelerated approval” of the Bitwise 10 Crypto Index conversion into an ETF on Tuesday, which means Bitwise…
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The UK is moving forward with a ban on its public sector and operators of critical national infrastructure paying ransomware demands. The proposals released on Tuesday as a result of a public consultation call for a ban on ransomware payments covering all public sector bodies and critical national infrastructure such as energy, health service and…
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China-based pork processing company and Bitcoin miner Bit Origin has officially kicked off its crypto treasury initiative with its first acquisition of 40.5 million Dogecoin. In a statement on Monday, the company said the Dogecoin (DOGE) buy was the “first strategic acquisition” under its digital asset treasury initiative, supported by a share sale and debt…
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A Satoshi-era Bitcoin whale with 80,201 Bitcoin has shifted the other 40,192 Bitcoin, worth $4.77 billion, to Galaxy Digital, joining a 40,009 BTC transfer to the asset manager on Tuesday. Blockchain onchain data service Onchain Lens was among the first to notice the new transfer. This means the whale has shifted 80,201 to Galaxy Digital…
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US President Donald Trump is reportedly set to sign an executive order that could allow American 401(k) retirement plans to invest in alternative assets outside of stocks and bonds, such as cryptocurrencies. The executive order could be signed sometime this week, the Financial Times reported on Thursday, citing three people who have been briefed on…
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Bitcoin “wrench attacks” — a violent form of cryptocurrency theft — could see its worst year in 2025, with criminals spurred on by Bitcoin’s soaring market value, according to Chainalysis. “Wrench attacks” refer to a situation where physical force or intimidation is used to force a victim to give up their crypto holdings, and Chainalysis…
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