Day: January 30, 2024

German police confiscate $2.1b in Bitcoin from illegal file sharing

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German authorities have confiscated approximately 50,000 Bitcoins, valued at around $2.1 billion. The action is part of an extensive investigation targeting an online file-sharing service deemed illegal by the authorities. It represents the most substantial quantity of Bitcoin ever secured by German law enforcement. The operation was collaborative, involving the Saxony state prosecutors, Germany’s Federal Criminal Police Office, and the U.S. Federal Bureau of Investigation. The investigation has focused on two individuals believed to have amassed this vast amount of Bitcoin (BTC) through profits generated by a German-based file-sharing website,…

Solana breaks above $100, new altcoin could be next

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana is in an uptrend, rising above $100 for the first time in more than a week. However, it still trails Bitcoin Minetrix whose presale is approaching $10 million. Solana rallying Solana has outpaced other top 10 players when writing, adding 7.08%. It is also up 28% this week. Solana is the fifth largest cryptocurrency, with a $45 billion market cap and a $2.9 billion 24-hour trading volume. Its…

Bitcoin Rally Still Has Some Legs Left, Santiment Explains Why

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The analytics firm Santiment has explained that the current Bitcoin rally could still have some legs left, based on this on-chain trend. Bitcoin & Ethereum Leave Exchanges, While Tether Sees Deposits In a new post on X, Santiment has discussed the recent trends in the Supply on Exchanges for the three largest assets in the cryptocurrency sector: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The “Supply on Exchanges” here refers to a metric that keeps track of the percentage of the total circulating supply of any given coin that’s currently…

How the Crypto Industry Responded to FinCEN’s Proposed Mixer Rule

There were also, as Consensys’ Bill Hughes pointed out, a number of comments that appeared to be written by a bot. A lot of these comments said they were written “to express [their] concerns” and say parts should be reconsidered. These parts deal with the reusing of bitcoin addresses, mixers, bitcoin programmability, bitcoin’s use in terror financing and saying crypto users might use less safe offshore platforms. Source

Circle to Issue USDC on Celo (CELO) Network to Boost RWA Capabilities

“The Celo ecosystem is excited to bring more RWAs on-chain through our partnership with Circle and the launch of USDC on Celo,” Isha Varshney, head of strategy and innovation at the Celo Foundation, said in a statement. “We want to be the best ecosystem for stablecoins, which has proven to be among the industry’s prevailing use cases, as institutional investors come into Web3.” Source

The revolutionary Massa ecosystem is launching now – Blockchain News, Opinion, TV and Jobs

Paris, France, January 30th, 2024, Chainwire With a 150k-strong community, thousands of nodes around the world, a custom consensus technology, and its native MAS token, the award-winning Massa blockchain is launching with unique features such as Autonomous Smart Contracts, enabling decentralization and resilience. Massa’s vision is to allow apps to be deployed on thousands of computers around the world and operate autonomously forever without relying on any external infrastructure, while being resistant to censorship and hacking. After a successful mainnet bootstrap on January 15th, 2024, millions of blocks and close…

Transak Joins Visa Direct to Convert Crypto to Fiat on Credit Cards

“By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler and more connected experience for its users, making it easier to convert crypto balances into fiat, which can be spent at the more than 130 million merchant locations where Visa is accepted,” Yanilsa Gonzalez-Ore, North America head of Visa Direct and Global Ecosystem Readiness, said in a statement shared with CoinDesk. Source

Dogecoin, Shiba Inu and Sponge meme coins rallying

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Leading meme coins are rallying. Dogecoin (DOGE) is up 3.68% while Shiba Inu (SHIB) added 3.52%. Meanwhile, the upcoming meme coin, Sponge, is up 50% in the last month. DOGE and SHIB rallying Several positive developments in the crypto market have contributed to its recovery from last week’s sell-off. These moves, primarily related to Bitcoin, are expected to drive broader market bullish sentiment and support altcoin growth. The launch…