Bitcoin / 629 posts found
US Treasury issues first-ever sanctions against a cryptocurrency mixer
Cryptocurrency mixers are sometimes used to help online criminals launder their stolen money by hiding its true origins, and the US Treasury is now ready to clamp down on them when hostile governments are involved. The department has issued its first sanctions against a Bitcoin mixer, Blender.io, for allegedly and “indiscriminately” helping North Korea launder over $20.5 million in crypto from the $620 million Axie Infinity heist and other crimes. The measures block all Blender property in the US (or controlled by US residents), as well as US-linked transactions and any entities where blocked people have majority control. On a […]
Terra’s LFG Acquires $1.5B More Bitcoin—With 3AC’s Help
Cryptocurrency Key Takeaways Terra’s Luna Foundation Guard has bought more than 37,000 more Bitcoin. The value of Terra’s UST stablecoin is backed in part by its Bitcoin reserves. Terraform Labs’ CEO Do Kwon has been clear that he wants to see UST dominate the stablecoin market. The Luna Foundation Guard has added to its Bitcoin reserve fund with assistance from Genesis Trading and Three Arrows Capital. Cryptocurrency LFG Buys Another 37,863 Bitcoin The Luna Foundation Guard isn’t done accumulating Bitcoin. The nonprofit organization, which launched this year to stabilize Terra’s UST stablecoin, announced Thursday that it had acquired another 37,863 […]
NEXO Price Prediction
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Bitcoin Could See 10% Jump, As Volatility Drops To 18-Month Low
Bitcoin After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally began to rise. BTC’s price has effectively rebounded from the important support level of $37,500, despite an impending Federal Reserve rate hike. Bitcoin Bitcoin Poised For 10% Jump Various analysts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are bullish on the bullish trend, with the Bitcoin price currently holding above $39,000. In a tweet on May 4, on-chain data provider Santiment published historical data showing a 20% rally as a result of BTC transactions is negative at the same […]
Bitcoin Institutional Outflows Near One-Year Highs, More Downside Coming?
With the price of bitcoin still trading below $40,000, institutional inflows into the digital asset have slowed significantly. This has now flowed into other digital assets in the space. But what is most significant is the outflow rate which has neared one-year lows. Bitcoin Outflows Grows For the past couple of weeks, the rate at which institutional investors have been pulling money out of bitcoin has been on an accelerated timeline. This is what has culminated in the outflows that were recorded for the digital asset last week. In the space of a week alone, bitcoin had seen the majority […]
BVTV: Bitcoin’s Africa outpost
Bitcoin Business Posted The Central African Republic has followed El Salvador in adopting the cryptocurrency as legal tender, to its central bank’s surprise. Ed Cropley runs through the reasons, including Bangui’s reliance on Russian mercenaries, why the move may hurt Bitcoin’s bid to go mainstream. Read More
Fidelity plans to offer Bitcoin in its 401(k) retirement funds. But is it best for you?
Fidelity plans to add bitcoin to its 401(k) options. Fidelity says it’s responding to high interest in digital assets. But critics say investing retirement funds in bitcoin is too risky. Bitcoin is down more than 16% this year, but that hasn’t dampened enthusiasm for the asset. That’s why Fidelity Investments is launching a bitcoin option for its 401(k) plans, but investors may still want to think long and hard about whether it’s for them. The nation’s largest plan administrator said later this year, the 23,000 companies it manages retirement plans for will be able to offer their employees bitcoin as an investment choice. Investors would […]