Taiwanese prosecutors have reportedly indicted 14 people in what they say is the country’s largest-ever cryptocurrency money laundering case, involving more than 1,500 victims and over $70 million in illicit funds. The Shilin District Prosecutor’s office reportedly indicted 14 individuals on charges related to fraud, money laundering and organized crime, requesting the confiscation of 1.275…
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Tokenization adoption may solve some of the systemic inefficiencies identified in Latin American capital markets and accelerate investment and capital flow in the region, according to Bitfinex Securities. Systemic inefficiencies, including high fees, complex regulations and structural issues such as technological barriers and high startup costs, are slowing investment and hindering capital flow into Latin…
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A recently emerged Bitcoin whale, or big investor, continued to acquire Ether, transferring another $113 million worth of Bitcoin after seven years of dormancy. The Bitcoin whale sold $76 million worth of Bitcoin (BTC) and opened a $295 million perpetual futures long position on Ether (ETH), Cointelegraph reported earlier Thursday. The mysterious whale closed part…
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A longtime Bitcoin holder sold his entire position this week to rotate into nearly $300 million worth of Ether. The hodler sold 550 Bitcoin (BTC) worth approximately $62 million after holding the asset for seven years. After selling all their Bitcoin through the decentralized exchange Hyperliquid, they opened a $282 million long position on Ether…
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Cryptocurrency investors are bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data…
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Cryptocurrency investors were bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data…
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Nasdaq-listed healthcare service provider and Bitcoin treasury company KindlyMD has acquired $679 million worth of Bitcoin for its corporate reserve. KindlyMD acquired 5,744 Bitcoin (BTC) for about $679 million at a weighted average price of $118,204 per Bitcoin, the company announced Tuesday. The purchase was made using private investment in public equity (PIPE) proceeds and…
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The inclusion of cryptocurrency in US retirement plans could mark a milestone for Bitcoin adoption and unlock billions of dollars in new capital, potentially pushing the asset above $200,000 by the end of 2025, according to André Dragosch, the head of European research at crypto asset manager Bitwise. President Donald Trump paved the way for…
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Stablecoin giant Tether hired former White House Crypto Council Executive Director Bo Hines as its new strategic advisor for digital assets and US strategy, signaling a push to expand in the world’s largest economy. Tether, the issuer of the USDt (USDT) stablecoin, appointed Hines to directly engage and coordinate the company’s US strategy and expansion…
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A cryptocurrency investor turned a $125,000 stake into a multimillion-dollar profit trading Ether on a decentralized exchange, even as whales began locking in gains after the recent rally. The savvy trader turned an initial investment of $125,000 into over $43 million at its peak in just four months before the latest market downturn hit his…
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