According to Arkham data, a German government entity transferred $425 million in bitcoin (BTC) to a different wallet address today, transferring some of the money to deposit wallets on cryptocurrency exchanges and returning the rest to the original location. 6,500 BTC were transferred from the wallet address, which Arkham had previously determined to be associated with the German Federal Criminal Police Office (BKA), to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and back again. According to transactional data, a $32 million bitcoin tranche was put on the cryptocurrency exchange Kraken, and a comparable sum was deposited on Bitstamp. The company seems to have transferred $130 million in Bitcoin to “service wallets,” which typically denotes a “intention to sell in the near future,” according to Arkham CEO Miguel More, who spoke with CoinDesk over Telegram. The moves on X were already noted by Mantle blockchain strategist @Defi_Maestro. The owners of the 2013-active movie piracy website Movie2k.to lost about 50,000 BTC, or more than $2 billion, to BKA. According to Arkham, the BKA obtained the bitcoin in mid-January following a “voluntary transfer” from the accused.

Crypto exchange Kraken has disclosed that $3 million worth of digital assets that it had taken advantage of in a newly found fault are still in the control of a research team.On June 9, a cryptocurrency exchange was notified by an unidentified self-described “security researcher” who had discovered a serious vulnerability. According to Nick Percoco, the chief security officer of Kraken, two accounts connected to the security researcher have taken advantage of the defect and taken out more than $3 million in digital assets. The security researcher is requesting a reward for the cash that were stolen after the multi-million dollar withdrawal, according to Percoco, who posted on June 19 on X. “Instead, they demanded a call with their business development team (i.e. their sales reps) and have not agreed to return any funds until we provide a speculated $ amount that this bug could have caused if they had not disclosed it. This is not white-hat hacking, it is extortion!” The cryptocurrency was stolen directly

Traded publicly Marathon, a “platform built on the Bitcoin network that allows for the creation of multiple sidechains,” started fostering Anduro in February. According to an email notification shared on Wednesday, the project is being renamed Portal to Bitcoin in conjunction with its integration with the DEX network, a financial service based in San Francisco.

Standard Chartered, Northern Trust, and SBI Holdings are among the investors in Zodia Custody, an institution-grade cryptocurrency and digital asset safeguarding platform, which is also supported by NAB Ventures, the venture arm of National Australia Bank. Zodia launched operations in Australia in late 2023, and the investment from NAB Ventures supports the company’s expansion there,

The International Monetary Fund (IMF) conducted a review of 19 central banks in the Middle East and Central Asia (ME&CA) area and found that CBDCs may not be necessary to accomplish intended policy goals. The report also stated that although adopting a CBDC takes careful consideration, it can promote financial inclusion and reduce the cost

AI-powered digital avatars are one of TikTok’s latest features that allows marketers to create multilingual product ads. Artificial intelligence (AI)-powered “digital avatars” that marketers can create to say almost anything to promote their products could soon be a common sight on TikTok. On June 17, TikTok revealed that it was adding “stock avatars” and a

Other significant cryptocurrency exchanges, such as Binance, Kraken, and OKX, modified their stablecoin listing policies in addition to Uphold in order to abide with MiCA rules. Uphold, a cryptocurrency exchange, has notified its users in Europe that, as of July 1, it will no longer support six well-known stablecoins. According to Uphold, the stablecoins will

CryptoSlam reports that throughout the past 30 days, sales of Bitcoin-based NFTs had totaled $148 million. The Ronin blockchain, which once held the third-highest record for all-time NFT sales, has been surpassed by the Bitcoin network in the lifetime rankings of non-fungible tokens (NFTs). The Bitcoin-based NFTs generated an all-time sales volume of $4,271,928,280, according

Searching for cryptocurrency airdrop possibilities and profiting from them might be an exciting way to earn some extra cash, but not all “drops” are made of gold. What are cryptocurrency airdrops? Crypto projects utilise cryptocurrency airdrops as a marketing tactic to provide free coins or tokens to specific wallet addresses of active users. By retaining

According to a research report published on Tuesday by broker Bernstein, MicroStrategy (MSTR) is not simply a software company expanding its corporate treasury into cryptocurrency—it is also leading the way in the bitcoin (BTC) capital markets. “MSTR is the only corporate that has developed institutional demand for bitcoin linked convertibles,” analysts Gautam Chhugani and Mahika Sapra wrote. According to the broker, MicroStrategy has obtained $4 billion in convertible debt to far with the sole intention of purchasing additional bitcoin. One kind of financial instrument that can be changed into shares is a convertible bond. Presently, Michael Saylor’s company owns 214,400 bitcoin, which is valued at almost $14.5 billion. In 2020, it began purchasing cryptocurrencies as a reserve asset.“No other corporate has an active bitcoin investing strategy that can attract capital at scale,” the authors wrote. According to the report, MicroStrategy has sufficient time to profit from any future bitcoin gains and has no danger of liquidating the cryptocurrency on its balance sheet because of its long-term convertible debt plan. According to Bernstein, the Virginia-based corporation can issue additional shares to reduce leverage when the value of bitcoin declines and there is less room to issue new debt.MicroStrategy’s bitcoin per equity share has increased by around 67% over the previous four years thanks to this combination of debt and equity, according to the study.Bernstein points out that since MicroStrategy began purchasing bitcoin in 2020, the company has not sold any of the cryptocurrency, and the firm plans to continue raising money to increase its holdings. The broker has an outperform rating on MicroStrategy stock with a $2,890 price target.

By providing MPC technology, the partnerships greatly enhance security measures when compared to single private keys or typical multisig systems. In reaction to a recent security compromise involving $10 million in user cash, Fireblocks and Ancilia have teamed with Alex Lab’s Bitcoin bridge, XLink. Multiparty computation (MPC) technology will be incorporated into XLink’s wallet and

David Hirsch began serving as the head of the SEC’s crypto asset division in 2022 after serving as an enforcement attorney for the agency since 2015. The United States Securities and Exchange Commission’s (SEC) enforcement division’s chief of crypto assets, David Hirsch, has formally announced his retirement from the organisation. Hirsch, who started his career

Price swings are experienced by ZK’s token launch on several exchanges, while zkSync controls network congestion and fraudulent threats. On June 17, exchanges officially offered the eagerly awaited zkSync token (ZK). CoinMarketCap estimates that its market capitalization is approximately $971 million, with a total supply of 21 billion ZK. The coin was first listed on

As per a research report released by the Wall Street bank on Monday, the combined market capitalization of the 14 U.S.-listed bitcoin (BTC) miners, which includes JPMorgan, reached an unprecedented peak of $22.8 billion on June 15. Almost all of the companies outperformed bitcoin in the first two weeks of June, according to the bank;

According to asset management CoinShares, investors withdrew $621 million from bitcoin investment products last week due to conflicting U.S. economic signals. The losses in BTC were the only factor contributing to net $600 outflows of $600 million from investment products across the larger digital asset ecosystem. The highest number since March 22 was this one.

Curve Finance (CRV) founder and CEO Michael Egorov commented on the recent UwU Lend hack, stating that Curve Finance was not the target of the crime. Egorov highlighted that “this was not a Curve exploit” in a Q&A. This was an abuse of a different project [UwU Lend], the statement went on. “[…] the hacker

Donald Trump, a candidate for president of the United States, reaffirmed his determination to see cryptocurrencies more favourably than the current Biden administration. In a birthday speech, former US President Donald Trump pledged to halt US President Joe Biden’s “war on crypto” should he be elected this year. In a special speech in West Palm

According to traders, bitcoin whale watching is “good for social media” but not for insightful analysis. Traders claim that even if the measure has been used for some time to predict market mood, it will not produce “true alpha” if one follows the wallet movements of Bitcoin whales, or holders of the cryptocurrency with a

An alert regarding an increase in impersonation schemes, which frequently use “the names and titles of government employees,” was released on June 12 by the Cybersecurity and Infrastructure Security Agency (CISA). According to the CISA caution, its employees will never ask for gift cards, cash, bitcoin, or money transfers. “Do not give money to anyone

In the past day, the value of SOL, the native token of Solana, has decreased by 3.45%, landing at roughly $143.50 on June 15. This performs worse than the entire cryptocurrency market, whose valuation fell by about 1.5% during that time. The two main factors that are now pulling down the price of SOL are

After hitting one-month lows, traders are prepared with their price objectives for Bitcoin; which will materialize? The total cost price of all the hodlers is now being considered as concerns about a return below $60,000 increase. On June 14, Bitcoin stunned traders with a 3.5% decline, bringing the price of BTC/USD to $64,950 on Bitstamp.

The goals and Web3 expansion of Deutsche Telekom are in line with its newly established role as a validator on the decentralised blockchain of Fetch.ai. Mobile T-Mobile The announcement came from Deutsche Telekom that it will begin mining Bitcoin, adding to its current cryptocurrency-related operations. Since 2023, the telecom company has hosted a Bitcoin node,

The VanEck Bitcoin ETF will begin trading on June 20 after receiving approval from the Australian Securities Exchange. The Australian Securities Exchange (ASX), the country’s biggest stock market, has authorised the first spot Bitcoin exchange-traded fund (ETF), which is scheduled to be live on June 20. According to a VanEck news release, the investment firm

A novel technique for effective onchain image compression called TiTok AI may prove beneficial for blockchain applications. The new Token for Image Tokenizer (TiTok) compression technique gets the support of Ethereum co-founder Vitalik Buterin due to its potential blockchain application. The new TiTok compression technique, which is not to be confused with the social media

Representatives for the company’s creator, Michael Egorov, stated over Telegram conversations on Friday that the exploit of UwU Lend on Monday set in motion a sequence of events that culminated in Thursday’s multimillion-dollar liquidations on the DeFi lending behemoth Curve. On Thursday, the $100 million in loans that Egorov obtained from several protocols utilising Curve’s

A family representative claimed in an email on Friday that the tax charges that the Federal Inland Revenue Service (FIRS) of Nigeria had filed against Binance executives Tigran Gambaryan and Nadeem Anjarwalla had been dismissed. Through its local representative, the FIRS decided to modify the fees such that they only benefit Binance. Binance is currently

According to a blog post by the blockchain company XREX and an announcement on X, Taiwan’s crypto advocacy group, the Taiwan Virtual Asset Service Provider Association, was formally founded with a founding meeting of 24 entities involved in cryptocurrencies. As the government and the business sector collaborate to oversee the industry, the body’s goal will

Masternodes give blockchain network users the opportunity to contribute a significant amount of processing power in exchange for a consistent passive income. ..A deeper level of engagement with cryptocurrencies is made possible via masternode hosting. Users can contribute significantly to the blockchain network’s operations and frequently receive passive money in exchange. But to get started,

As part of a massive budgetary makeover, Turkey is getting ready to enact new taxes, one of which will be a 0.03% transaction tax on bitcoin trading. The proposal calls for a change in the way financial transaction regulation is approached and attempts to alleviate the nation’s budget deficit brought on by the earthquakes of