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It was stated that El Salvador, which recently launched a website showing the number of Bitcoins in its possession and currently has 5750 BTC, has also mined 474 Bitcoins with mining through geothermal energy since 2021. The total value of Bitcoins held by the Latin American country is around $355 million.
Alexey Pertsev, the developer of the crypto mixer Tornado Cash, who was arrested in the Netherlands last year, was found guilty of money laundering by the court. Even if the developer of such apps writes open source code, the court ruled that the developer is liable if the app is used for illegal activities, “even without the developer’s involvement/control”. Pertsev was sentenced to 64 months in prison.
On Bitcoin spot ETFs approved by the SEC on January 10th, BlackRock’s ETFs stand out in this sense. US-based hedge fund became BlackRock’s largest Bitcoin ETF holder. Apart from the $80 million BlackRock IBIT fund, the company also has ARK Invest and Grayscale investments. The company has also invested 88% of its assets in Bitcoin and its derivatives…
At Coinbase, the largest stock exchange in the US, it seems that all systems have stopped and the problem has not been resolved for hours. The exchange said in a statement that it is investigating the situation and that the funds are safe.
Ripple CEO Garlinghouse responded to the reaction of Paolo Ardoino, CEO of USDT issuer Tether, yesterday. Making a short and soothing statement on his X account, Garlinghouse said, “I wasn’t attacking Tether…the next words out of my mouth during the podcast were that I view Tether as a hugely important part of the ecosystem”
Kain Warwick, founder of Synthetix, a well-known DeFi project, has launched a new project known as Infinex. Infinex will support and unify networks from Ethereum to Solana to Polygon to many Ethereum layer-2 projects, eliminating many DeFi issues such as gas fees and wallet setup.
Binance Labs, the investment arm of the Binance exchange, announced an investment in Zest Protocol, an on-chain Bitcoin lending project. After users send BTC to their accounts on Zest, they can choose between a return or a loan option, with their assets converted to sBTC.
Cryptocurrency funds managed to close last week positive after a long time. While the funds saw inflows for the first time in 5 weeks, the figure was net $130 million. Bitcoin funds received a net investment of $144 million, while Ether funds, which have been positive in recent weeks, saw an outflow of $14.4 million this time. There was also strong investment in Solana funds.
Contrary to expectations, Bitcoin’s sharp rise to $73,000 did not help altcoins. While many crypto investors suffered huge losses, especially in the BTC parity, a whale’s million-dollar purchases also resulted in a huge loss.
Keith Gill, a financial analyst, tweeted for the first time in 3 years, causing a serious rise in a Solana-based meme coin. The fact that an investor made a purchase just before the tweet and made more than 30x profit raised questions.