The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million…
CoinShares: Despite outflows from Bitcoin and Ethereum, multi-digital asset investments are seeing inflows
According to CoinShares, Europe’s largest digital asset fund manager, digital asset investment products suffered outflows for the third week in a row, this time totaling US$28 million. Bitcoin experienced the most withdrawals, but multi-digital asset investment products received inflows of US$3.1 million, putting them in the black. Fast facts: According to CoinShares, bitcoin investment products…
Daily Crypto News July- Global Crypto ATM installations have increased by 70% in 2021
Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its Bitcoin(BTC) holdings. Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net…
Finder’s Experts Predict Ethereum Will Reach $4.5K This Year, $18K in 2025
Ethereum will have a very bullish year, according to a price prediction poll made by Finder. The average price that the second-ranked crypto asset by market capitalization will reach this year is about $4.5K, according to polled experts in the cryptocurrency industry. The panel is also bullish about ethereum long term, expecting a price of…
Africrypt Bitcoin Heist: Contradicting Reports About the Directors Whereabouts Surface
In a new twist to the Africrypt saga, two different reports have made contradicting claims about the whereabouts of Raees and Ameer Cajee, the two directors of the collapse bitcoin investment firm. However, both reports suggest the Cajees brothers had planned their escape prior to the alleged hacking incident in April. Vanuatu or Tanzania In…
Market Strategist Says Bitcoin’s Best Days Are Ahead, Won’t See Restrictive Fed Policy Anytime Soon
The founder of investment management firm Michael Lee Strategy says that “the best days of bitcoin are definitely ahead of it,” expecting the cryptocurrency to “make all-time new highs.” The strategist further says that it will be a long time “before we see any sort of taper or any sort of restrictive policy from the…