Key Takeaways Vancouver Mayor Ken Sim has introduced a motion to the city council proposing the exploration of Bitcoin as part of the city’s financial strategy. The initiative plans to evaluate BTC potential to safeguard purchasing power and diversify municipal…
Key Takeaways A new bill introduced in Brazil’s Congress on November 25 by Congressman Eros Biondini seeks to establish a Sovereign Strategic Bitcoin Reserve, referred to as RESBit. The proposal aims to integrate Bitcoin into Brazil’s national financial reserves, potentially…
Key Takeaways On November 4, the defunct crypto exchange Mt. Gox initiated its largest Bitcoin transfer in months, sending around $2.19 billion worth of BTC to two unknown wallet addresses, part of the exchange’s ongoing creditor repayment plan. Blockchain intelligence…
Key Takeaways On November 1, the defunct crypto exchange Mt. Gox reportedly transferred 500 Bitcoin (BTC), valued at around $35 million, to unidentified wallets. As per blockchain analytics firm Arkham Intelligence, this transfer marks the first major transfer from Mt.…
Key Takeaways Grant Colthup, the former CEO of Mine Digital, has been charged with fraud after allegedly misusing $1.47 million (AU$2.2 million) from a Bitcoin investor. On October 21, 2023, the Australian Securities and Investments Commission (ASIC) revealed the charges…
Key Takeaways On October 7, 2024, the United States Supreme Court declined to hear an appeal concerning the ownership of 69,370 Bitcoin, valued at $4.38 billion, which was seized by the government in connection to the infamous dark web marketplace,…
Key Takeaways Bolivia has experienced a sharp increase in cryptocurrency trading activity since lifting its blanket ban on crypto in June. The country’s central bank, Banco Central de Bolivia (BCB), reported a 100% rise in average monthly trading volumes between…
Key Takeaways In a recent decision, the Supreme Court of British Columbia ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a Bitcoin loan made in 2021. The ruling ends a contentious dispute over the repayment of 22 Bitcoin,…
Key Takeaways An unidentified wallet address has been rapidly accumulating a substantial amount of Wrapped Bitcoin (WBTC) amidst ongoing controversy over the token’s custody. On August 19, blockchain analytics service Lookonchain reported that this unknown whale address had acquired 347…
Key Takeaways A wallet that received $2.19 billion in Bitcoin from the defunct crypto exchange Mt. Gox has initiated a test transaction at 10:57 UTC. As per blockchain intelligence firm Arkham, the wallet, identified as bc1q26, is suspected to be…
