Australian Law Enforcement Nets 2000 Percent Gains From Seized Bitcoin

Australian Law Enforcement Nets 2000 Percent Gains From Seized Bitcoin

Back in 2016, Australian authorities arrested a suspect in a sting involving an arms dealer. The weapons were bought and paid for using Bitcoin, resulting in the Bitcoin used in the transactions being seized as evidence.When law enforcement first began the litigation process, the seized crypto assets were worth roughly $5000, but by the time they had received the crypto, the value of all the seized Bitcoin had ballooned to $105,000, resulting in a 2,000% gain for law enforcement.

Jaksot(690)

Bitcoin Crash Was Caused By Institutional Investors

Bitcoin Crash Was Caused By Institutional Investors

Chainalysis found that transfers of 10 to 100 and 100 to 1000 Bitcoin accounted for about 70% of all Bitcoin sent and received by crypto exchanges in recent days, which is slightly higher share than usual. Interestingly, about 10% of Bitcoin was from transfers of over 1000 Bitcoin.

19 Maalis 20203min

Coinbase Rival Launches Crypto Exchange Visa Card

Coinbase Rival Launches Crypto Exchange Visa Card

Coin Zoom has just officially deployed its crypto exchange platform and Visa card that allows users to buy, sell and spend Bitcoin and other cryptos.

18 Maalis 20203min

Ultimate Test for Fiat as US Bank Runs Loom

Ultimate Test for Fiat as US Bank Runs Loom

As the stock market suffered its worse day in three decades last week, a Midtown Bank of America branch in Manhattan saw lines of people at its ATMs. Customers were draining cash from their accounts, sometimes tens of thousands of dollars at a time.The demand was so great that the branch could not cope and temporarily ran out of hundred dollar bills.

17 Maalis 20204min

Bitcoin's Stock to Flow Model Continue’s to Hold

Bitcoin's Stock to Flow Model Continue’s to Hold

Bitcoin fell from over $10,000 in February, to a low of $3,800 last week, but regardless of the chaos and resulting selloff, Bitcoin continues to follow the stock to flow model.

16 Maalis 20204min

Will the Fed’s Massive $1.5 Trillion Injection Send Bitcoin Skyrocketing?

Will the Fed’s Massive $1.5 Trillion Injection Send Bitcoin Skyrocketing?

The New York Fed is conducting a massive liquidity injection into the markets. This $1.5 trillion capital injection is being referred to as the Fed firing its “nuclear weapon” by analysts and could have impacts on Bitcoin and all other assets.

15 Maalis 20203min

Anonymous Bitcoin Supporters Funding Coronavirus Vaccine

Anonymous Bitcoin Supporters Funding Coronavirus Vaccine

An unknown group known as Coro Hope says it’s using funds from anonymous, crowd sourced Bitcoin donations to create a vaccine for the Covid-19 virus.

13 Maalis 20202min

Square Launches Grants for Bitcoin Development

Square Launches Grants for Bitcoin Development

Square Crypto, the payments company launched by Twitter founder Jack Dorsey, is now officially supporting Bitcoin development through a grant program.

11 Maalis 20204min

Riot Blockchain Reports 147% Growth Of Bitcoin Mined

Riot Blockchain Reports 147% Growth Of Bitcoin Mined

The Nasdaq listed crypto mining firm Riot Blockchain has demonstrated a remarkable monthly growth in their average daily run rate of Bitcoins mined during the month February.

10 Maalis 20203min

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