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US Authorities Split $2 Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale Speculation

US Authorities Split  Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale SpeculationFollowing the U.S. government’s transfer of $2 billion in bitcoin, Arkham Intelligence reported that the federal agency divided the funds into two separate Bech32 bitcoin addresses: one containing 10,000 BTC and the other holding 19,799.99 BTC. Arkham speculates that the 10,000 BTC may have been sent to an institutional custody service. Arkham Reports U.S. Bitcoin […]

Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance

Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’

Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to stressed entities is “hanging over […]

Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance

Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’

Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume […]

Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance

Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC Demand

Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC DemandDigital currency markets have been gathering gains again moving past the lows seen a few weeks ago. This week crypto traders have been discussing over-the-counter (OTC) desks bubbling with demand for bitcoin as the co-founder of 21st Paradigm explained, “high net worth individuals [and] institutions want your bitcoin.” Analyst Says Big Market Players ‘Want Your […]

Funds Lost in Crypto Hacks Witnessing Downtrend As Industry Adopts Stronger Security Measures, Says Binance