The US DOJ received approval to sell 69,370 Bitcoin worth $6.5B, seized from Silk Road, following a federal judge’s Dec. 30 ruling.
The post U.S. Govt Cleared to Liquidate 69K BTC Worth $6.5B Seized from Silk Road: Report appeared first on Cryptonews. …
Category: Cryptocurrencies
U.S. Entities Hold 65% More Bitcoin Reserves Than Non-U.S. Entities
U.S.-based entities now control 65% more Bitcoin reserves than their non-U.S. counterparts, according to data from CryptoQuant.
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Hong Kong Launches Initiative to Accelerate Blockchain Adoption in Banking
The Hong Kong Monetary Authority (HKMA) has unveiled the “Supervisory Incubator for Distributed Ledger Technology” (DLT) to help banks safely adopt blockchain-based solutions.
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VC Giant a16z Launches Spring 2025 Accelerator for Crypto Startups
Andreessen Horowitz (a16z) announced plans to launch its crypto accelerator program in San Francisco this spring, inviting visionary founders to apply by Feb. 7.
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Police Arrest Dutch Law Student in Connection With $4.6M Crypto Investment Scheme
The alleged crypto trader from Hengelo is suspected of defrauding nearly 300 investors, embezzling €4.5 million in the scheme.
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IMF Urges Kenya to Establish Clear Crypto Regulations to Tackle AML/CFT Risks
The IMF has urged Kenya to establish a robust regulatory framework for cryptocurrencies to protect consumers and address risks.
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Oklahoma Senator Pushes Bill to Allow For Bitcoin for Wages and Payments
Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), aiming to integrate Bitcoin into the state’s economy.
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Backpack Addresses FTX EU Acquisition Controversy, Plans to Return Customer Funds
Backpack has addressed the controversy surrounding its acquisition of FTX EU, asserting that it finalized the purchase and will return funds to former customers, despite conflicting claims from the FTX estate regarding ownership and responsibilities.
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Coinbase Reportedly Subpoenaed by CFTC for Customer Data in Polymarket Investigation
The CFTC has reportedly issued a subpoena to U.S.-based cryptocurrency exchange Coinbase, seeking customer data in connection with the crypto-based prediction market platform Polymarket.
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Raredex.io Launches Live Exchange for Tokenized Rare Earth Metals on Arbitrum
Raredex.io’s new exchange allows trading of tokenized rare earth metals on the Arbitrum blockchain. With blockchain technology enabling fractional ownership and secure storage, investors can access this once-exclusive market with traceable ownership of real-world assets.
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