Hartmannsgruber, who regularly advises politicians and authorities as a board member of the Blockchain Bundesverband e.V. (German Blockchain Association), specifically argued that the sale should not have been done “during the announcement that up to 140,000 Bitcoin worth approximately $7.7 billion from the Mt. Gox lawsuit will come to the market” even though he emphasized that perfect timing is never possible. Hartmannsgruber also asked the authorities to point to sources behind their claim that “less than one percent of the market volume of bitcoins was regularly traded over the counter…
Day: July 18, 2024
Chainbase Raises $15M to Grow Omnichain Data Network
Chainbase’s aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies. Source
Bitcoin miner Crusoe to build ‘multibillion-dollar’ AI data center in Texas
Bitcoin miner Crusoe Energy announced a new multibillion-dollar deal with energy tech company Lancium to build a data center for artificial intelligence in Texas. Crusoe Energy, one of the first Bitcoin (BTC) mining companies in the U.S. to use wasted natural gas to power its operations, announced on Thursday morning a “multibillion-dollar” deal with Lancium to build a 200-megawatt data center for artificial intelligence (AI) in Texas. In the press release, Crusoe said the construction is just the “first phase” of its data center development which will expand to enable…
CoinDesk 20 Performance Update: SOL and ETH Lead Advancers as Index Stays Flat
Leading overnight gains are SOL with a 2.5% increase and ETH up by 1.3%. Source
Why Did The German Government Sell Off 50,000 Bitcoin In 2 Weeks
The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason for the substantial Bitcoin dump was unveiled in a recent statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. Why Germany Sold All Its Bitcoin In a blog post published on July 16, the Saxon Central Office and Frankfurt Bankhaus Scheich Wertpapierspezialist AG, a German securities trading bank, announced that they had successfully completed the sale of approximately 49,858 BTC. Starting on June 19, 2024, the German government began…
Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach
Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After […] Source
Bitrue announces $40m investment fund to back AI, defi, and gamefi startups
Cryptocurrency exchange Bitrue says it has allocated $40 million for its new fund to help teams develop their technology and “bring their coins to fruition.” Singaporean crypto exchange Bitrue is launching a $40 million investment fund in an effort to support nascent web3 companies, the exchange said in a Thursday blog announcement. Startups can receive up to $200,000 in funding from Bitrue Ventures, along with additional support such as development expertise, industry connections, and management support. Although no specific technical requirements have been outlined, Bitrue Ventures indicated a preference for…
German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion
German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal proceedings at the Leipzig Regional Court. 2.64 Billion Euros Raised […] Original
Standard Chartered, Animoca, Three Others Join HKMA’s Stablecoin Sandbox as Participants
“During the assessment process, these institutions were able to demonstrate genuine interest in developing a stablecoin issuance business in Hong Kong with a reasonable business plan, and that their proposed operations under the sandbox arrangement would be conducted within a limited scope and in a risk-controllable manner,” the announcement said. Source
Bitcoin Trades Below $65K Following Wednesday’s Drop
Bitcoin (BTC) struggled to stay above $65,000, after falling below $64,000 during Wednesday’s American trading hours. After briefly retaking $65,000, BTC drifted toward the $64,500 mark, down around 1% on 24 hours ago. The CoinDesk 20 Index is about 2.4% lower. The halt in Wednesday’s rally followed an equity market sell-off, with the tech-heavy Nasdaq index dropping 2.7% and the S&P 500 falling 1.3%. Joel Kruger, a market strategist at LMAX Group, said that the crypto rally might stall if the stock market sell-off turns into a correction, but over…