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Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase
As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell. This echoes similar actions that had previously impacted the market earlier this year. US Government’s Bitcoin Transfer According to market intelligence firm Arkham, the US government moved approximately 10,000 Bitcoin, worth around $1.92 billion at current market prices, to two separate wallets. One wallet contains Bitcoin valued at $969 million, while the other holds approximately $949 million....
Tigran Gambaryan Walks Free After Nigerian Charges Dropped
By Mark Hunter 1 month agoThu Oct 24 2024 07:48:28 Reading Time: 2 minutes Nigeria’s anti-corruption agency has dropped money laundering charges against Binance executive Tigran Gambaryan Gambaryan, the company’s compliance head, was accused of laundering $35.4 million through the crypto platform but denied the allegations Gambaryan will now leave the country to seek medical help abroad, although the tax evasion charges against the company still stand Nigeria’s Economic and Financial Crimes Commission (EFCC) has dropped charges against Tigran Gambaryan, the Binance executive facing money laundering allegations . Gambaryan, arrested in February during a business trip, was in charge of...
Binance Secures Approval To Invest US Customer Fiat Funds In US T-Bills, BNB Price Surges
Binance has received court approval allowing it to invest customer fiat funds into US Treasury Bills (T-Bills) after a year of heightened scrutiny of Binance’s operations in the United States. The decision has resulted in a notable price recovery for the exchange’s native token, Binance Coin (BNB), pushing it toward the $600 level. Court Grants Relief To Binance BAM Subsidiary A court filing reveals that BAM Trading Services and BAM Management US Holdings, collectively known as BAM, filed a motion seeking relief from a consent order. The court, upon consideration of the motion, granted the requested relief. As a result,...
