Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds

June 14, 2024 Bitcoin.com

attorney

The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite […]

Whale Withdraws More Than 6,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

US Treasury Expands Sanctions to Cripple Russian War Economy

June 13, 2024 Bitcoin.com

bitcoin.com

The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals globally to cripple Russia’s military-industrial base by restricting access to U.S. software, IT services, and foreign financial support. The […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Coinbase CEO Engages US Senators to Push Clear Crypto Regulations

June 13, 2024 Bitcoin.com

Bitcoin

Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing clear regulations for the cryptocurrency industry and enhancing consumer protections. Armstrong highlighted substantial bipartisan support in the Senate for these efforts, […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

June 13, 2024 Bitcoin.com

Bitcoin

A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws governing the circulation of crypto assets. The case began when a complaint was […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

June 13, 2024 Bitcoin.com

Bitcoin

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty

June 13, 2024 Bitcoin.com

Asia gold market

Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased their gold purchases by 27% in the first quarter. In Thailand […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Ripple Completes Acquisition of Standard Custody & Trust Company

June 12, 2024 Bitcoin.com

Bitcoin

Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio of licenses, which now includes nearly 40 U.S. money transmitter licenses, a Major Payment […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

UBS Recommends Buying Gold Dips Amid Economic Uncertainty

June 12, 2024 Bitcoin.com

bitcoin.com

The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to strong U.S. payroll and earnings data, coupled with a rise in the 10-year U.S. Treasury yield and the […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

June 12, 2024 Bitcoin.com

Bitcoin

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total aggregated purchase […]

Whale Withdraws More Than $206,000,000 in Ethereum (ETH) From Bitfinex: On-Chain Data

Gold Production Struggles Despite 2024 Q1 Surge

June 11, 2024 Bitcoin.com

bitcoin.com

The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine production rose by only 0.5%, following 1.35% in 2022 and 2.7% in 2021, with a decline of […]

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