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Bitcoin – Page 285 – DIGIT INFO

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Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring

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Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6 million). The criminal operation had been laundering money through virtual assets by creating fake customer records and forged identity data. Law enforcement … Read more

Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value

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Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges the NFTs were promoted with various digital, physical, … Read more

Bitcoin Hits $67K, Leading to $45M in Short Position Liquidations

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The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the past day. $120M in Crypto Positions Liquidated as Bitcoin Climbs Above $67K Bitcoin short … Read more

Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch

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Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.79 BTC, valued … Read more

US Bitcoin ETFs See 4 Days of Inflows, Blackrock’s IBIT Nears GBTC’s Reserve Levels

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On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth day of inflows, accumulating $257.3 million. Grayscale’s Bitcoin Trust (GBTC) also experienced its fourth day of inflows, gaining $4.6 million during the trading sessions. Spread Between IBIT and GBTC Bitcoin Reserves Grows Thinner U.S. spot bitcoin ETFs continued their streak this week with four … Read more

Down From the Peaks: Bitcoin Holds Strong, Closer to ATH Than Crypto Rivals

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Despite bitcoin holding steady above the $66,000 mark on Friday, the leading cryptocurrency is still down 9% from its all-time high (ATH). In comparison, most other cryptocurrencies are much further from their ATHs, with many alternative crypto assets still having a significant journey ahead to reach their former peaks. Bitcoin: 9% Below ATH as Altcoins … Read more

Bitcoin Faces Resistance At $65K Amid Surge To $63K

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Bitcoin has surged back to the $63,000 mark today, yet the largest cryptocurrency continues to face resistance as it attempts to climb higher. A key factor contributing to this struggle is the significant number of Bitcoin holders who purchased their assets between the current price and approximately $65,000.  You may have noticed Bitcoin facing repeated … Read more

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