Tags : billion

Bitcoin

33 face heat in Korea over alleged $1.48 billion in

Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. The individuals were caught as part of a pan-government investigation and have allegedly committed financial crimes such as fraud […]Read More

Bitcoin

Duo vanishes with 69,000 Bitcoin, stash worth $4 billion at

Two South African brothers made away with nearly 69,000 Bitcoin earlier this year, hacking one ‘Africrypt,’ their own exchange platform, and bagging one of the biggest crypto heists in dollar terms ever. Africrypt was set up in 2019 and advertised “bumper returns” for investors. But those hopes didn’t take long to turn into broken dreams. […]Read More

Cryptocurrency

200,000 crypto traders ‘rekt’ as market sees $1 billion in

Bitcoin dipped to over $28,000 yesterday, sending other altcoins in a downward spiral and chalking up one of the biggest crypto ‘liquidation’ days in a few weeks. Several large-cap cryptos like Solana, XRP, and Polkadot saw double-digit percentage declines. Their corresponding futures products did, too, see falling prices, causing a long line of liquidations in […]Read More

Bitcoin

MicroStrategy may sell $1 billion in stock to buy even

Business analytics firm MicroStrategy has filed to sell $1 billion worth of its stock for ‘general purposes,’ which may include buying more Bitcoin, a filing with the US Securities and Exchange Commission (SEC) showed. MicroStrategy to sell $1 billion worth of their companies shares to finance “the acquisition of bitcoin”. pic.twitter.com/0tsRprMnZO — Documenting Bitcoin 📄 […]Read More

Bitcoin

US investors made over $4 billion trading Bitcoin last year

A recent report from cryptocurrency analytics firm Chainalysis has shown that quite a number of countries made massive gains in their Bitcoin investments when compared to their traditional economic rankings. US Bitcoin investors lead gains The report broke down the estimated gains made by countries in 2020. What this means is that countries that could […]Read More

Bitcoin

Bitcoin miners made over $1.4 billion last month, despite plunge

Despite the market crash, Bitcoin (BTC) miners appear only marginally affected with reduced revenues in May, according to data from analytics tool Coin Metrics. May was daunting for Bitcoin, witnessing a correction of over 50% from it’s all-time high above $63.000 in April. The price correction consequently affected the mining revenue plunge, softened by the […]Read More

Bitcoin

$270 billion fund Guggenheim is seeking Bitcoin exposure, SEC filing

Guggenheim Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to Bitcoin as part of a new fund, a filing with the US Securities and Exchange Commission (SEC) showed yesterday. They are coming for Bitcoin The fund, officially the ‘Guggenheim Active Allocation Fund,’ will invest […]Read More

Regulation

South Koreans lost $5 billion to crypto crimes in the

Korean students say crypto trading gives them stress, causes insomnia Blinded by the promise of fast cars, luxury hotels, and stacks of dollar bills, young Koreans turned to crypto trading as a means of building wealth but ended up with the exact opposite, reports local daily The Korea Times. 2 min read → Source linkRead More