The DOJ approves the return of 94,643 Bitcoin, worth $9.3 billion, to Bitfinex following the 2016 hack that exploited its wallet system. The breach, one of the largest in crypto history, saw the recovery of 80% of stolen funds, thanks to the cooperation of those convicted in the laundering case.
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Category: Bitcoin
Osprey Funds to Convert Osprey Bitcoin Trust to ETF Following Bitwise Acquisition Deal Termination
Osprey Funds, an investment management firm based in Fairfield, Connecticut, has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into a spot Bitcoin ETF.
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Sygnum Crypto Bank Raises $58M, Achieves Unicorn Status with $1B Valuation
Sygnum has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion mark and earning it the prestigious Unicorn status.
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Italy’s Largest Banking Group Invests Directly in Cryptos For First Time
Banca Intesa Sanpaolo has become the first credit institution in Italy to conclude a direct crypto transaction.
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JPMorgan CEO Jamie Dimon Compares Bitcoin to Smoking
JPMorgan CEO Jamie Dimon criticized Bitcoin again, saying it lacks intrinsic value and is often misused by bad actors.
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New Hampshire and North Dakota Latest U.S. States to Propose Bitcoin Reserves
New Hampshire and North Dakota have introduced legislation to establish strategic Bitcoin reserves, marking a growing trend among U.S. states to diversify their treasuries with cryptocurrency.
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US Financial Advisers Show Increased Crypto Interest Post Trump’s Election Win: Bitwise Survey
A recent survey by Bitwise reveals a surge in crypto interest among U.S.-based financial advisers following Donald Trump’s presidential election victory.
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Block Poised to Be First S&P 500 Company with Explicit Bitcoin Strategy: VanEck’s Matthew Sigel
Block Inc., a financial services and digital payments company, could become the first S&P 500-listed firm with an explicit Bitcoin strategy.
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Bitcoin Miner CleanSpark Achieves 10,000 BTC Treasury, Marks 236% YoY Growth
CleanSpark has achieved a major milestone, surpassing 10,000 BTC in its treasury with 236% YoY growth in holdings. Supported by 668 BTC mined in December and operational expansion, the company is now the fifth-largest corporate Bitcoin holder, surpassing Tesla.
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$6.5 Billion in Bitcoin Could Hit the Market Soon – Will BTC Fall to $10,000?
The price of Bitcoin has fallen by 2% today, with its drop to $93,522 coming after sources confirmed that the US Department of Justice has legal approval to sell 69,370 BTC.
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