Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack

An Australian man from the state of Queensland has forfeited Bitcoin, a waterfront mansion and a Mercedes-Benz car after Australian Federal Police claimed the assets could be linked to the proceeds of crime. The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 statement that it seized nearly 25 Bitcoin (BTC), alongside the … Read more

Bitcoin impulse move toward new highs sets a fire under HYPE, ETH, XMR and AAVE

Key points: Bitcoin’s rally to $105,980 has traders predicting new all-time highs this week. Traders lift their end-of-year Bitcoin price targets to $200,000 based on technical factors and institutional investor adoption.  Bitcoin (BTC) has been stuck in a narrow range for the past few days, but the rally above $105,500 on May 18 increases the … Read more

Here’s What Needs to Happen Next

Altcoins Two major altcoins—SUI and Stellar (XLM)—are currently trading at key support and resistance zones, with their next price moves hinging on how they perform in the coming sessions. According to analyst Ali Martinez, the TD Sequential indicator has flashed a sell signal on the 3-day chart for SUI, suggesting a potential short-term correction. However, … Read more

‘Sats’ vs ‘bits’ debate reignites amid proposal to change Bitcoin base unit

A recent proposal that aims to change Bitcoin’s base unit to make it easier to understand as a payment tool has run into opposition, with critics saying Bitcoin’s satoshis are no more confusing than the dollar’s cents. Bitcoin developer John Carvalho introduced Bitcoin Improvement Proposal-177 on April 23, which seeks to eliminate the concept of … Read more

Metaplanet’s Recent Bitcoin Acquisition Prompts Stock Surge, Suggesting Potential Growth in Corporate Crypto Adoption

Metaplanet’s strategic acquisition of Bitcoin has not only expanded its holdings significantly but also transformed its stock market performance. The company’s aggressive BTC investment strategy has positioned it as a formidable player in the crypto landscape, with impressive month-over-month stock gains. “Our continued investment in Bitcoin underlines our commitment to embracing cryptocurrencies as a core … Read more

Metaplanet Expands Bitcoin Holdings to 7,800 With Acquisition of 1,004 BTC

Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,004 bitcoin, increasing its total holdings to 7,800 BTC. The latest purchase was made at an average price of 15,134,304 yen per bitcoin, amounting to a total investment of approximately … Read more

Coinbase faces lawsuit over alleged breaches of Illinois biometric privacy law

A group of Coinbase users from Illinois have filed a class-action lawsuit against the crypto exchange, alleging that its identity checks violate the state’s Biometric Information Privacy Act (BIPA). Plaintiffs Scott Bernstein, Gina Greeder and James Lonergan claimed in the May 13 lawsuit filed in a federal court that Coinbase’s “wholesale collection” of faceprints for … Read more