Browsing yearly archive

2024

Paxful co-founder agrees to plea deal, faces up to 5 years in jail

Paxful’s lack of AML led to regulatory breaches, prompting leadership changes. Artur Schaback pled guilty to failing to maintain AML and KYC programs at Paxful. Schaback faces up to 5 years in jail and a $5 million fine, payable in installments. Artur Schaback, co-founder and former Chief Technology Officer of the cryptocurrency exchange Paxful, has […]

Bitcoin retreats as German government selling intensifies

Bitcoin (BTC) price fell to under $56,000 as the German government sold more BTC On-chain data shows Germany sent more than 16,000 BTC to exchanges on Monday – the largest transfers in a single day. Bitcoin price fell below $56,000 again on Monday, dropping by about 2% at the time of writing as Germany took […]

Metaplanet loads more bitcoins with 42,466 BTC purchase

Metaplanet, a Japanese firm, increases Bitcoin holdings with $2.5M purchase. Metaplanet now holds 203,734 BTC, acquired at $62,000 per Bitcoin on average. This latest acquisition brings Metaplanet’s total Bitcoin holdings to an impressive 203,734 BTC. In a bold move amidst fluctuating cryptocurrency markets, Metaplanet, a publicly-listed investment and consulting firm based in Japan, has purchased […]

UK High Court issues asset freeze order against Craig Wright

The UK High Court has granted Peter McCormack’s application for a World Freezing Order against Craig Wright’s assets. McCormack seeks to recover over £1.5 million ($1.9 million) in legal fees relating to Wright’s libel case against the podcaster. The UK High Court has issued a World Freezing Order, or ‘WFO’ against assets of Craig Wright, […]

Ethereum Name Service (ENS) price jumps on rebranding news

Ethereum Name Service rebranding has sparked market excitement ENS has surged by 8.48% to $28.46 over the past 24 hours as its trading volume hits $196.7M. Analysts cite bullish signals, potential for ENS to surpass previous highs post-rebrand. Ethereum Name Service (ENS) has seen a substantial surge in its market value following the announcement of […]

CleanSpark acquires Bitcoin miner GRIID for $155 million

CleanSpark announced on June 27 that it had acquired GRIID Infrastructure, a US-based Bitcoin miner for $155 million. The company expects the all-stock deal to close in Q3, 2024 subject to GRIID shareholder approval and other customary requirements. Bitcoin miner CleanSpark announced today that it has entered an agreement to acquire GRIID Infrastructure in an […]

US government transfers 3,940 BTC worth $241 million to Coinbase

US government moved 3,940 Bitcoin (BTC), which was worth over $241 million at the time, to Coinbase. This comes amid another sell-off by the German government, which has sold BTC since last week. Bitcoin price slipped 1.6% after the news, trading below $61k. The latest crypto news is that the US government has moved 3,940 […]

Bitcoin stays above $65k as Bitbot unveils its Mini App UI

Key takeaways Bitcoin has been trading above the $65k level as the broader market stagnates. Bitbot has unveiled its Mini App UI to simplify DeFi trading for users Bitcoin stays above $65k as market stagnates Bitcoin, the leading cryptocurrency by market cap, has been underperforming over the last seven days. It has lost more than […]