The US Department of Justice is attempting to seize $7.7 million in cryptocurrency allegedly laundered by North Korean IT workers who used fake identities to gain employment at blockchain firms. This action highlights ongoing concerns about North Korea’s use of crypto to fund illicit activities.
Tag: Bitcoin Adoption
Silk Road’s Savior? AlphaBay-Linked Wallet Behind Ulbricht’s Bitcoin Windfall
Blockchain analysis reveals a connection between a massive Bitcoin donation to Ross Ulbricht and the defunct dark web marketplace AlphaBay, raising questions about the source and motives behind the gift.
Bitcoin ETFs See Outflows Amid Trump-Musk Drama: What’s Next?
US Bitcoin ETFs experienced significant outflows following a public feud between Donald Trump and Elon Musk, triggering a shift in market sentiment. Here’s a breakdown of what happened and what it means for investors.
Metaplanet’s Bold Bitcoin Bet: Japan’s Strategy Aims for 100,000 BTC by 2026
Metaplanet, a Japanese firm adopting a Bitcoin treasury strategy, has significantly increased its BTC acquisition target, aiming for 100,000 BTC by the end of 2026. This ambitious move signals a growing confidence in Bitcoin as a strategic asset amidst global economic shifts.
Switzerland to Share Crypto Tax Data with 74 Nations: Impact Analysis
Switzerland is set to automatically exchange crypto-related information with 74 countries by 2027, signaling a major shift in global crypto tax transparency. Here’s a breakdown of what it means for the market.