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Saylor’s Strategy Goes Big Again With Massive $1B Bitcoin Buy Via STRC; $80K BTC Breakout In Sight?
Add ZyCrypto News On Google Michael Saylor’s Bitcoin treasury firm Strategy has added another $1 billion worth of Bitcoin to its holdings, with the latest purchase financed through its STRC preferred stock offering. Strategy Adds 13,927 BTC To Its Coffers Strategy snatched up an additional 13,927 Bitcoin for roughly $1 billion at an average price…
New Jersey Man Convicted in Fentanyl Trafficking and Money Laundering Crypto Scheme
A New Jersey jury has convicted a man for his role in a drug trafficking and money laundering operation that used wire transfers and cryptocurrency to move illicit funds. The scheme, which prosecutors in the case say ran for six years, involved importing and distributing fentanyl-related substances. Crypto-Fueled Drug Network The federal jury found William…
US Government’s $20M Crypto Breach: Quick Recovery and Security Concerns
Blockchain intelligence firm Arkham Intelligence reported that $20 million worth of cryptocurrency was unexpectedly transferred from U.S. government-linked wallets. While security experts scrambled to assess the situation, the funds were largely returned within 24 hours, prompting critical questions about the security protocols around the U.S. government’s crypto holdings. This rapid recovery, though positive on the…
Breaking: US SEC Delays Decision on Bitwise 10 Crypto Index Fund
The US Securities and Exchange Commission (SEC) has delayed its decision on whether or not it will approve the Bitwise 10 Crypto Index Fund. This decision comes just 6 days before Gary Gensler, the Chairman of the commission leaves the agency. Per the filing from the commission, this delay is not denial as it requires…
Why The World’s Largest Bank Called Ethereum (ETH) Digital Oil
The world’s largest bank, the Industrial and Commercial Bank of China (ICBC) recently tagged Ethereum (ETH), the second largest cryptocurrency by market capitalization “digital oil.” ETH Supports Smart Contracts and DApps The top financial institution commended the growth and advancement that both Ethereum and Bitcoin (BTC) has registered over the years. It compared BTC to…
Bitcoin Open Interest down by $1B – What traders should know
Money flowed out of BTC contracts, suggesting that the price might fall to $65,000. Social dominance dropped to 7.07%, indicating that attention was moving to other cryptocurrencies. The total Bitcoin [BTC] Open Interest has lost almost $1 billion in value between the 23rd and 24th of May. AMBCrypto found out after examining the metric using…
