Bitcoin

U.S. Government Allegedly Sells Off $600 Million in Bitcoin, Finance Expert Claims Impending Market Shift

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Washington, D.C. — A significant transfer of Bitcoin by the U.S. federal government, estimated at about $600 million, to cryptocurrency exchange Coinbase has sparked debates and speculation among market analysts and investors alike. This move, as noted by finance lawyer Scott Johnsson, may signal a strategic sale of the seized assets, potentially impacting the cryptocurrency market dynamics. The controversy began unfolding when it came to light that on August 14, 2024, the government moved a sizeable Bitcoin cache to Coinbase. This act was initially perceived as a standard procedure aligned with the U.S. Marshals Service’s … Read more

Tether Strikes Back, Labels Celsius’ Bitcoin Liquidation Lawsuit as “Baseless”

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New York — In a recent legal battle shaking the foundations of the cryptocurrency market, Tether has vehemently dismissed allegations from Celsius regarding the liquidation of massive Bitcoin holdings. The lawsuit filed by Celsius claims that its financial stability was compromised due to the premature sale of Bitcoin by Tether under a credit agreement. Tether has responded, labeling the lawsuit as entirely groundless and asserting that its actions were justified under the terms of the agreement. According to legal documents made available this week, Celsius argues that Tether’s decision to liquidate its Bitcoin assets in … Read more

New Court Decision Limits Recovery Options for Bitcoin ATM Scam Victims

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Raleigh, N.C. — A recent court ruling in Wake County has escalated concerns regarding the safety of Bitcoin transactions, particularly in handling the aftermath of financial scams. This development stems from a case where a local woman, who fell victim to a scam, was brinked into transferring $15,000 into a Bitcoin digital wallet after being misled that her bank account was compromised. Pauline Miller of Raleigh described the incident as a convoluted hoax that preyed on her fears of losing her savings. In a desperate move to safeguard her funds, Miller deposited the advised amount … Read more

Unveiling the Future: Experts Analyze Bitcoin ETF Adoption and Crypto Market Impact Amidst Inflation Concerns

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MIAMI, FL – In today’s episode of CNBC Crypto World, Steven Lubka, the managing director of Swan Private Client Services, delves into the adoption of spot bitcoin ETFs and the impact of inflation and interest rate expectations on crypto markets. The show offers viewers the latest news and trading updates from the digital currency markets, as well as high-profile interviews, explainers, and unique stories from the constantly evolving crypto industry. Lubka’s insights shed light on the growing interest in spot bitcoin ETFs, which are exchange-traded funds directly linked to the price of bitcoin. With several … Read more