2.5M Bitcoin left on crypto exchanges signals “supply shock”
Bitcoin exchange reserves drop to a three-year low, signaling a potential supply shock as institutional buying from ETFs continues.
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Tether freezes $225M USDT linked to romance scammers amid DOJ investigation
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam. 682 Total views 7 Total shares Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the

A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance
Bitcoin (BTC) has seen record buying activity as BTC/USD returns to six-week highs.The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before.Binance finishes the day 55,000 BTC lighterDespite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no…

Burger King Starts Accepting Bitcoin for Online Orders in Germany
The German arm of global fast-food chain Burger King now accepts Bitcoin (BTC) payments on its delivery website and mobile application. Payment options on the Bklieferservice.de homepageDespite BTC's sudden apperarance on its official website, it is unclear whether Bitcoin is also accepted in the 600 physical Burger King restaurants across Germany.BK embraces crypto againIn summer 2017,…

Some Indian Banks Are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions
Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to overturn a circular from the Reserve Bank of India (RBI) — issued back in April 2018 — which had banned banks’ services to all crypto-related firms. Not…

Electra Pilots Blockchain-Based Financial Management System – Can It Compete?
Electra (ECA), the open-source Proof-of-Stake (PoS) blockchain project focused on digital payments, will begin beta testing its flagship product this month. Known as “ElectraPay,” the product functions as a financial management system that will let merchants adopt a cryptocurrency payment method that doesn’t require third-party service providers, banks, or credit card companies to complete transactions. Electra board…

US lawmakers cancel session to consider Caroline Crenshaw’s nomination
The update to the calendar makes it unlikely lawmakers will be able to vote on the SEC commissioner's nomination before the next session of Congress.

Sam Altman says ChatGPT will bring unimaginable prosperity, fix climate
He also said it’ll solve all physics and usher in an era our grandparents couldn’t have imagined.

0.3% fall in assets “could render Tether technically insolvent” — WSJ
Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets. 603 Total views 27 Total shares An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position…