US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure. […]

Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years

Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S. in two to three […]

Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds

During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” Bukele Talks Cryptocurrency and Bitcoin Bonds […]

Bitcoin Enters Positive Seasonal Trend, Demand Key to Further Growth: Cryptoquant

Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant. ‘Demand Has a Lot of Room to Grow’ Cryptoquant‘s latest report highlights bitcoin’s strong historical performance during the fourth […]

Polymarket Predicts 61% Chance of 2024 Bitcoin All-Time High, 17% for $100K

With bitcoin trading above $65K, crypto enthusiasts are anticipating big price moves in October. Many still believe BTC will exceed its all-time high before the year ends. On Polymarket, a blockchain-powered predictions platform, the odds currently show a 61% chance that bitcoin will top the record it set seven months ago. Polymarket Bettors: Bitcoin Record […]

Polymarket Predicts 61% Chance of 2024 Bitcoin All-Time High, 17% for $100K

With bitcoin trading above $65K, crypto enthusiasts are anticipating big price moves in October. Many still believe BTC will exceed its all-time high before the year ends. On Polymarket, a blockchain-powered predictions platform, the odds currently show a 61% chance that bitcoin will top the record it set seven months ago. Polymarket Bettors: Bitcoin Record […]

Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large demand for […]

Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only […]

Bitwise CIO Highlights Bitcoin’s Role as a Hedge Against U.S. Public Debt

Matt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that allowed investors to put funds in the market taking public debt into […]