US House Rep. Approves Fresh Crypto Bill to Fight Illicit Finance, Forms Working Group
The US House of Representatives has passed a fresh crypto legislation, this time, to combat its use for illicit finance. The bipartisan financial services bill would create a government working group to access crypto in terrorism and money laundering. Further, the group would research on crypto transactions and how to keep bad actors from using it for terrorism... Details
9 Governments Hold $32 Billion in Bitcoin: Here’s What They Do With It
Nine governments collectively hold a total of 517,414 BTC, valued at approximately $32 billion at current prices, which accounts for 2.5% of its total supply. While this may indicate a growing interest in the cryptocurrency sector at the national level, governments are far from investing in Bitcoin. It is important to note that most governments holding BTC have historically opposed cryptocurrency... Details
Binance Report Shows Downturn in Crypto Market Total Capitalization
A new Binance study has looked into the recent downturn in the total crypto market capitalization and the structural factors plaguing the sector. Although the market has partially recovered from the sharp decline, it’s still 14% below its peak in March. Despite the turbulence and downturn that the crypto market and its market cap have faced, there might still be a glimmer of hope... Details
Breaking: $234 Million Drained From Indian Exchange WazirX, Withdrawals Suspended
One of the leading Indian crypto exchanges WazirX has been drained out of $234 million in a series of suspicious transactions. WazirX confirmed the security breach and announced the suspension of withdrawals on the exchange temporarily. The hack is a massive setback to the Indian crypto community which is already under scrutiny from regulators... Details
Whale Moves 16,447 ETH Ahead of Ethereum Spot ETF Launch
An Ethereum Whale grabbed the attention of crypto market observers on Wednesday by transferring 16,449 ETH (valued at approximately $50.3 million) from their Binance wallet to another address, potentially signaling bullish sentiment. Despite mixed signals from different market entities, the crypto community’s attention remains focused mainly on the imminent launch of Ethereum spot ETFs... Details
Germany Government Maintains Active Bitcoin Transfer Strategy, Holdings Deplete
The German government has entered the home stretch of its marathon sell-off of confiscated bitcoins, retaining only 5,800 BTC of the original 50,000. This cryptocurrency demarche, which began in June, appears to be coming to its logical conclusion, with help of large cryptocurriency centralized exchanges Bitstamp, Kraken and Coinbase... Details
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