Month: October 2024

Blockchain monitoring firm Arkham Intelligence has reported that the U.S. government recently initiated a significant transaction, withdrawing $5.4 million from the decentralized finance (defi) platform Aave. This transfer marks the first activity on this specific government-linked address in eight months. Arkham, known for tracking high-profile movements on the blockchain, flagged the event with an alert, […] Source: https://news.bitcoin.com/8-months-of-inactivity-then-millions-withdrawn-whats-going-on-with-the-us-governments-seized-crypto/

According to a recent report, R3, the private blockchain initiative backed by several major companies—including Intel, Bank of America, and Wells Fargo—has been looking into various strategic paths, including the possibility of a sale. Sources with knowledge of the situation noted that blockchain organizations such as Ava Labs and the Solana Foundation have reportedly been […] Source: https://news.bitcoin.com/the-slow-death-of-private-blockchain-tech-r3-reportedly-explores-sale-despite-big-bank-support/

Binance executive Tigran Gambaryan, held for eight months in a Nigerian prison, was released Wednesday after the country dropped charges against the United States citizen. Now Gambaryan’s family has confirmed that he has left Nigeria—and the two countries have launched a task force to combine resources towards fighting crypto-related crimes. “It is a huge relief that this day has finally…

Continue Reading→

MicroStrategy’s stock price popped 6% on Thursday to above $230, touching a nearly 25-year high as a six-week rally for the world’s largest corporate holder of Bitcoin continued. Less than two months ago, MicroStrategy shares were valued at $118, trending lower as Bitcoin hovered around $56,000 on Sept. 6. While the digital asset’s price has climbed 20% since then to…

Continue Reading→

Tigran Gambaryan, a U.S. citizen and former federal agent detained in Nigeria for eight months, has been released. The charges against him, brought by the Economic and Financial Crimes Commission, were dropped. The release of the Binance executive from one of Nigeria’s notorious prisons followed intense lobbying by U.S. politicians who were urging the Biden […] Source: https://news.bitcoin.com/former-us-federal-agent-freed-from-nigerian-prison-after-8-months/