Tag: Bitcoin

German Police Seize $2.1 Billion in Bitcoin From File Sharers – Bloomberg

German prosecutors provisionally seized nearly 50,000 Bitcoin worth about $2.1 billion as part of an investigation into what they see as an illegal file-sharing platform. It’s the largest amount of Bitcoin ever secured by law enforcement in Germany, Saxony prosecutors said Tuesday. Germany’s Federal Criminal Police Office and the US Federal Bureau of Investigation supported the investigation. Source: German Police…

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Why People Still Think Bitcoin Will Die

If you’re looking for more proof of the gap of comprehension between “normies” and crypto fanatics, look no further than the results of a Deutsche Bank survey of 2,000 retail clients last week. The most striking result wasn’t even that a third of respondents saw bitcoin below $20,000 by year end. That’s less than half its current price, and well…

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Bitcoin Bashed by JPMorgan CEO Jamie Dimon

JPMorgan CEO Jamie Dimon took another opportunity to publicly air his criticism about Bitcoin (BTC), saying his personal advice is to not get involved. The use cases for Bitcoin are “AML, fraud, sex trafficking and tax avoidance,” said Dimon, holding court Wednesday on CNBC from Davos. “I defend your right to do Bitcoin,” continued Dimon, who one month ago in…

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After the ETF: Bitcoin’s Coming Power Struggle

A sizable crypto community’s presence at the World Economic Forum in Switzerland this week highlights an inherent tension: on the one hand, the industry’s desire for acceptance by the business establishment and, on the other, a concern that engaging with it could undermine crypto’s disruptive, rebellious ethos. Source: After the ETF: Bitcoin’s Coming Power Struggle

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On the 15th Year Anniversary of Hal Finney’s Iconic ‘Running Bitcoin’ Tweet, BTC Clears Massive Hurdle for Mainstream Adoption

“Running bitcoin,” were the words of legendary cypherpunk Hal Finney on Jan. 11, 2009, shortly before becoming the first person to download and receive bitcoin (BTC) two days later. This tweet introduced the world to bitcoin, the then-niche internet token which would balloon into a trillion-dollar asset at its peak. On Wednesday, exactly 15 years after Finney’s tweet, bitcoin got…

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Cryptoverse: Bitcoin derivatives traders bet billions on ETF future | Reuters

Will they, won’t they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (ETFs). Derivatives traders are already piling in, though, betting the Securities and Exchange Commission will give the green light to several ETF hopefuls this week and electrify the market. Open interest, the…

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Ex-Citi Execs Plan Bitcoin Securities That Don’t Need OK From US – Bloomberg

As speculation about the upcoming approval or denial of spot-Bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of US regulators. The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks.…

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MicroStrategy’s Bitcoin Holdings Top $8 Billion With Latest Purchase – BNN Bloomberg

MicroStrategy Inc., the enterprise software maker which has made buying Bitcoin as part of its corporate strategy, increased its total holdings of the cryptocurrency to more than $8 billion through additional purchases this month. The Tysons Corner, Virginia-based company run by Bitcoin advocate Michael Saylor acquired 14,620 Bitcoin for $616 million in cash from Nov. 30 to Dec. 26, according…

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