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Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

Roughly $144.3 billion passed through decentralized exchanges (DEXs) in 2020, but not all transactions involved legally-obtained crypto. Blockchain analysis firm Chainalysis estimates that about $34 million of decentralized finance (DeFi) transactions were conducted by criminal actors.  Source: Chainalysis The $34 million figure might not sound like a lot — it’s only 0.02% of the estimated …

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Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated

Finland’s customs authority is looking to sell bitcoin seized in 2016, now worth more than $75 million

Finland’s customs authority, Tulli, is looking to sell 1,981 bitcoins, local public broadcaster Yle reported the news on Thursday. The majority of the seized bitcoins (1,666) were confiscated in 2016 via the arrest of Finnish drug dealer Douppikauppa. The bitcoins were worth about $860,000 at the time of confiscation, and now they are valued at more than $75 million. …

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Average Bitcoin transaction fees rose to their highest level since 2018 this week

Anthony Scaramucci outlines his new Bitcoin fund, discloses initial $25 million investment during interview

The bitcoin fund founded by Anthony Scaramucci’s SkyBridge Capital has invested some $25 million ahead of a planned public opening sometime next year. In comments to CNBC, Scaramucci outlined the contours of the Bitcoin fund — the existence of which The Block reported Monday — and its potential appeal to would-be investors.  “It became clear …

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The number of bitcoin wallets holding more than $10 million rose above 4,500 this weekend

The number of bitcoin wallets holding more than $10 million rose above 4,500 this weekend

More than 4,500 bitcoin wallets are holding value in excess of $10 million, data collected by The Block Research shows. The interactive graph below breaks down the number of bitcoin wallets with a balance of more than $X for different categories, ranging from those above $1,000 to more than $10 million. As the graph lines …

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With under 2.434 million Bitcoin left to mine, how much should a newbie invest in BTC?

With under 2.434 million Bitcoin left to mine, how much should a newbie invest in BTC?

Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates. Many traditional financing institutions have included Bitcoin in their portfolios and are increasing their hold on Bitcoin. Now that there is less than 2.434 million Bitcoin left to mine, the race to …

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MicroStrategy discloses new $50 million bitcoin buy

MicroStrategy discloses new $50 million bitcoin buy

The publicly traded business intelligence firm MicroStrategy has bought $50 million in Bitcoin. CEO Michael Saylor disclosed the move in a late afternoon tweet on Friday. “MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin,” Saylor wrote …

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Huobi launches Filecoin incubator backed by $10 million fund

Huobi launches Filecoin incubator backed by $10 million fund

Huobi Group unveiled Tuesday a new incubator program focused on Filecoin and backed with a $10 million investment fund. The press release describing the launch states the incubation center will focus on investing in ecosystem projects as well as providing support to the wider Filecoin community. As part of the arrangement, Protocol Labs will provide …

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DeFi credit default swap platform Opium Protocol raises nearly $3.25 million

DeFi credit default swap platform Opium Protocol raises nearly $3.25 million

Crypto derivatives platform Opium Protocol has raised nearly $3.25 million in a funding round. The fresh cash injection includes participation from Galaxy Digital, Alameda Research, Hashkey Group and CMS Holdings — to name a few. The new funding will help the Amsterdam-based startup introduce further derivatives to the decentralized finance market, which has grown at …

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Three big questions now that the U.S. government is cracking down on BitMEX

BitMEX officials allegedly ‘looted’ $440 million from exchange after learning about U.S. charges, per lawsuit filing

Plaintiffs in a civil lawsuit filed this spring allege that the leadership of HDR Global — the parent company of crypto derivatives exchange BitMEX — withdrew significant sums of money once they learned about investigations and pending charges from U.S. regulators and law enforcement. The allegations were included in an October 30 court filing. That …

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Nearly $900 million in VC went to crypto companies in the third quarter of 2020

Nearly $900 million in VC went to crypto companies in the third quarter of 2020

During the third quarter of 2020, $897.7 million in venture funds were allocated across 212 crypto and blockchain startups, according to data compiled The Block Research. Early-stage and seed deals were the most common deal types, according to The Block Research’s John Dantoni. Such deals represented half of the quarter’s total, with 59 deals for …

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