Authorities Seize $1.7B Bitcoin for Purchase of $30M mansion
Reportedly, authorities seized Bitcoin valued at $1.7 billion after an alleged attempt by a former restaurant employee to purchase a mansion in London valued at approximately $30 million. According to a January 30 Sky News report, Jian Wen, a Chinese national who obtained British citizenship in 2018, purportedly underwent a recruitment process to aid Zhimin […]
Germany Seizes 50K BTC Connected to Piracy Websites
As a component of an inquiry into copyright infringements, authorities in the German state of Saxony purportedly seized approximately 50,000 Bitcoin earned from piracy websites. The Saxony police announced on January 30 that they collaborated with tax authorities and prosecutors to seize the Bitcoin, allegedly associated with two Polish and German nationals. As per the […]
Survey Shows 12% of Salvadorans Made Bitcoin Purchases in 2023
El Salvador’s José Simeón Caas Central American University found in its yearly survey that 12% percent of the local populace utilized Bitcoin for payment for products and services at least once in 2023. Participating in the survey, which commenced in December 2023, were in-home interviews with 1,280 respondents. A mere 20% of the respondents (20%) […]
GBTC Transfers 8730 BTC Worth $376M To Coinbase Prime
According to data provided by Arkham Intelligence, a blockchain analytics platform, on January 16, the Grayscale Bitcoin Trust (GBTC) transferred 8,730 Bitcoin to Coinbase Prime deposit addresses for a total value exceeding $376 million. As its share price declined, the transfers suggest that the fund might have been compelled to divest a portion of its […]
Argentine Tenant to Pay Monthly Rent in Bitcoin
A local landlord and tenant in Rosario, Argentina’s third most populous city, have reached a rent agreement in which the tenant will remit monthly rent payments in Bitcoin (BTC). Recent legislative amendments by the new presidential administration have rendered this contract the inaugural of its kind in Argentina, as reported in the local newspaper Paginal […]