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Mt. Gox Wallet Transfers $1 Billion in Bitcoin On March 6, Arkham Intelligence reported to its users on X that the Mt. Gox wallet (1PuQB) executed a significant transaction, moving 12,000 Bitcoin, valued at just over $1 billion. This transaction incurred a minimal fee of $1.64, highlighting the efficiency of blockchain technology in handling large…
US Sanctions Crypto Addresses Linked to Nemesis Darknet Marketplace The US Office of Foreign Assets Control (OFAC) has taken decisive action against the notorious Nemesis darknet marketplace, which was established by Iran-based operator Behrouz Parsarad. This marketplace has been implicated in the sale of illegal drugs, counterfeit identification documents, and various hacking resources. The sanctions,…
Bitwise Files for Spot Aptos ETF: A Game Changer in Cryptocurrency In a significant move for the cryptocurrency market, Bitwise has officially filed an application for a spot Aptos ETF on March 5. This layer-1 blockchain, developed by a team of former Facebook employees, was once heralded as a potential “Solana killer.” The filing represents…
Credit: Image by Yahoo via YAHOO NEWS Bitcoin Volatility Hits New Highs Amid US Crypto Reserve and Trade War Fears Bitcoin’s volatility is soaring to cycle highs as concerns over a potential trade war and the establishment of a US cryptocurrency reserve intensify. According to data from TradingView and Glassnode, the market is experiencing conflicting…
Ethereum (ETH) Price Stagnates Below $2.2K: Key Factors Behind the Struggle Ethereum (ETH) has recently faced significant challenges, with its price hovering below the crucial $2,200 mark. After a notable surge of 14.2% from the $2,000 support level on March 4, ETH has struggled to maintain its momentum. This underperformance is evident as it lags…
Silk Road Founder Ross Ulbricht’s Political Comeback Less than two months after receiving a pardon from US President Donald Trump, Silk Road founder Ross Ulbricht attended a March 4 joint session of Congress. After spending over 11 years in prison for his involvement with the darknet marketplace Silk Road, Ulbricht seems eager to re-enter the…
CleanSpark Boosts Bitcoin Treasury by 6% in February In a significant move for the cryptocurrency market, CleanSpark has reported a 6% increase in its Bitcoin treasury during February. The company mined a total of 624 Bitcoin, valued at over $55 million based on Bitcoin’s spot price of approximately $89,000 as of March 5. This information…
Sean Casten’s Warning on Crypto-Friendly Regulations During a pivotal hearing on March 5, 2025, US Representative Sean Casten, a prominent figure from Illinois, voiced serious concerns regarding the implications of “crypto-friendly rules” on national security. This statement came during discussions surrounding H.R. 1716, known as the “Taiwan Conflict Deterrence Act of 2025.” Casten’s remarks have…
Credit: Image by Yahoo via YAHOO NEWS SEC Ends Yuga Labs Investigation Amid Trump’s NFT Marketplace Trademark Filing This week’s Nifty Newsletter brings significant updates from the NFT and metaverse landscape. The US Securities and Exchange Commission (SEC) has officially dropped its investigation into Yuga Labs, a leading NFT firm. In a related development, former…
Credit: Image by Yahoo via YAHOO NEWS Turkish Law Firm Challenges Crypto Payment Ban In a groundbreaking move, Turkish law firm GlobalB is set to challenge the country’s controversial ban on crypto payments in a hearing scheduled for May 28. According to Sima Baktaş, the founding partner of GlobalB, this legal action aims to highlight…
