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US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins


On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally came from James Zhong’s Silk Road hack. In March, the Department of Justice also moved a similar amount of bitcoins associated with Silk Road....

Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020


According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on exchanges has significantly dropped since July 31, 2020...

Bitcoin's Optimism Fades as Turmoil and Interest Rates Present Challenges


Bitcoin (BTC) fell lower over the course of last week, as optimism faded among market participants in the face of potentially higher interest rates in the US. The price of the number one cryptocurrency have largely been in an uptrend since news broke that the world’s largest asset manager...

All-time High in Bitcoin's Unmoved Supply as Institutional Interest Rises


The unmoved supply of Bitcoin (BTC) reached an all-time high in June, with nearly 70% of the circulating supply not moving for a year, a report from asset manager Ark Invest has said. The report, titled “The Dawn of the ETF Era?” focused on the potential for a new spot Bitcoin exchange-traded fund...

Bitcoin’s Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed


On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology...

Aussies can win 1 of 3 Bitcoins


Better Beer recently announced a partnership with CoinSpot for consumer competition. The treasure hunt-themed competition offers a chance for users to win one of the 3 Bitcoins. The prize pool for the event is 134,454 dollars and is exclusively available for Better Beer customers. According to...

TRM Labs Report: Bitcoin's Dominance in Crypto Crimes Down to 19%


Bitcoin (BTC) is falling out of favour among crypto criminals, and accounted for just 19% of crypto crimes in 2022, a new report has found. In the report, blockchain intelligence firm TRM Labs said that cybercriminals are increasingly diversifying which blockchains they rely on to conduct their...

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