Coins

What Next for the UK’s $7 Billion in Seized Bitcoin?

In brief The UK government is seeking to keep most of the 61,000 BTC it seized in 2018, amid civil recovery proceedings. Some figures within the British crypto industry believe any retained BTC should be kept in a strategic reserve, while others argue that the long-term holding of seized assets is at odds with UK…

Law and Order

Suspected Crypto Scammer Linked to $580 Million in Stolen Funds Arrested in Bangkok

In brief Portuguese authorities suspect 39-year-old Pedro M. of orchestrating cryptocurrency and credit card fraud totaling €500 million across multiple countries including Portugal, Europe, the Philippines, and Thailand. The suspect was discovered by a Portuguese journalist at a Bangkok luxury mall and arrested by Thai police using facial recognition technology. Police say he’s been living…

Markets

Ethereum Briefly Hits Two-Week High of $4,500: What’s Next?

In brief Ethereum hit a two-week high of $4,500, defying recent bearish sentiment in traditional markets. Options data show a short-term bullish shift for October, but longer-term sentiment remains cautious. Analysts anticipate a bullish breakout in the fourth quarter if institutional treasuries resume their buying spree. Ethereum briefly climbed to a two-week high of $4,500…

Markets

Bitcoin Soars Above $120K as US Government Shutdown Continues

In brief Bitcoin hit $120,000 Thursday for the first time since mid-August. Investors are flocking back to Bitcoin ETFs, with substantial inflows on Wednesday. October in the past has been a strong month for the asset, with traders dubbing it “Uptober.” Bitcoin topped a price of $120,000 per coin on Thursday for the first time…

Coins

Bitcoin ETFs Pull In $676M as BTC Price Tops $119K

In brief U.S. spot Bitcoin ETFs saw inflows of $675.8 million Wednesday, their highest level since September 12. Bitcoin’s upward price momentum continued through Thursday morning, with the price of BTC topping $119,000 Analysts linked increased Bitcoin ETF inflows over the past week to predictions of looming U.S. interest rate cuts, among other “macro and…