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“#British cops seize nearly $250M in crypto tied to money laundering” British police announced Tuesday that they seized almost $250 million in cryptocurrency, making it the country’s largest such capture ever amid an ongoing investigation into international money laundering. The announcement by the Metropolitan Police’s economic crime command comes just weeks after they announced another…
“#Bitcoin trading volume sank 40 percent in June” Trading volumes at major cryptocurrency exchanges fell by more than 40 percent in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7 percent, to $2.7 trillion, with derivative volumes down 40.7 percent,…
“#Gigantic diamond sells for $12M in cryptocurrency at Sotheby’s auction” A flawless 101.38-carat diamond was sold at auction for more than $12.2 million in cryptocurrency Friday, making it the most expensive piece of jewelry ever peddled through crypto, according to Sotheby’s. The massive diamond, called “The Key 10138,” was sold in Hong Kong to an…
“#Thiel-backed crypto firm Bullish to go public in $9B SPAC deal” Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company led by ex-NYSE president Thomas Farley, in a $9 billion deal. Bullish, a unit of blockchain…
“#How business schools are dealing with the rise in cryptocurrency” Cryptocurrency courses have become a big deal in a short amount of time—much like cryptocurrencies themselves. As recently as three years ago, it still seemed disreputable for business schools to teach about Bitcoin or other electronic currencies that are secured through online databases. “At the…
“#’Seven Deadly Sins’ play is a welcome return for live theater” ‘Deadly Sins’ is deadly fun Everything’s changing. Climate. Friendships. Politicians. Prices. Masks, yes; masks, no. Now, theater. Forget inside seeing a show. Now it’s outside. I schlepped down to the Meatpacking District to sit on a bar mitzvah-type metal chair and watch actors INSIDE….
“#NFT sales volume surges to $2.5 billion in 2021 first half” LONDON — The market for non-fungible tokens (NFTs) surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data showed. An NFT is a crypto asset, representing an intangible digital item such…
“#Finger Lakes Bitcoin mining operation sparks local concerns” A gas-fired power plant being used to support a Bitcoin mining operation in upstate New York has divided local residents over the environmental toll of the energy-intensive process versus the economic benefits the business brings to town. Locals who have protested the operations of the plant, which…
“#Bitcoin billionaire Mircea Popescu dies, leaving lost fortune” Controversial Bitcoin billionaire Mircea Popescu, 41, has suddenly died, leaving behind a massive crypto fortune that could be worth as much as $2 billion — which some speculate could be lost forever. Popescu, known for being among the largest individual holders of Bitcoin in the world at…
“#Robinhood warns it could be hurt if interest in Dogecoin wanes” Commission-free trading app Robinhood warned investors on Thursday that its fortunes may be tied to a cryptocurrency that got its start as a joke. In revealing its financials for the first time while filing to go public, Robinhood said Dogecoin accounted for 34 percent…