Hong Kong’s Customs and Excise Department arrested two people suspected of laundering about $384 million through personal bank accounts and a cryptocurrency exchange, the agency said in a release dated Tuesday. The two were arrested under the Organized and Serious Crimes Ordinance (OSCO) for “dealing with property known or reasonably believed to represent proceeds of […]
Archives for December 2021
Why I Decided to Spend New Year’s Eve in the Metaverse
In “Snowcrash,” the groundbreaking novel in which he coined the term “metaverse,” Neal Stephenson writes, “See, the world is full of things more powerful than us. But if you know how to catch a ride, you can go places.” With this holiday season’s trifecta of omicron, travel cancellations and a 41% chance of rain in […]
Fantom Surges in Latest Next Layer 1 Bet
Tokens of layer 1 blockchain Fantom (FTM) were among the few positive gainers in larger cap cryptocurrencies on Wednesday amid a slide in the broader market. FTM prices have advanced 9% in the past 24 hours even as bitcoin, ether and others declined as much as 7%, data from analytics tool Messari showed. The Fantom […]
Marathon Digital’s ‘Record Purchase’ of Bitcoin Miners Will Cost $879M
Marathon Digital (Nasdaq: MARA) agreed to buy 78,000 Antminer S19 XP bitcoin miners from Bitmain for $879.1 million, the company announced Wednesday in an SEC filing. The Las Vegas-based miner said 13,000 machines will be delivered each month from July to December 2022. The deal was announced a week ago without specifying a cost or […]
First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry
(Edited by James Rubin and Greg Ahlstrand) Good morning. Here’s what’s happening: Market moves: Bitcoin slumps below $48,000, as December’s options expiration nears Technician’s take (Editor’s note): Technician’s Take is taking a hiatus for the holidays. In its place, First Mover Asia is publishing CoinDesk reporter Sanadali Handagama’s interview with European Parliament member Eva Kaili. […]
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