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According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government,
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Summary: U.S. authorities sold over 9,000 Bitcoin forfeited by Ross Ulbricht in the Silk Road case, a darknet marketplace shut down in 2013. The government liquidated $216 million in BTC, paying around $215,000 in fees on March 14 per a court filing.U.S. authorities plan to liquidate an additional 41,490 BTC in
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The United States government plans to liquidate more than 41,000 Bitcoin seized as part of the case against Silk Road creator Ross Ulbricht.A March 31 filing with U.S. District Court for the Southern District of New York regarding the case against James Zhong said U.S. government authorities had begun liquidating
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News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement. Aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) has revealed plans to halt operations after failing to secure a funding lifeline as
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Like many other automakers, Nikola has been struggling to stay afloat in the sinking water of macroeconomic constraints. America’s leading manufacturer of wavy-duty commercial battery-electric vehicles Nikola Corporation (NASDAQ: NKLA), is planning to generate $100 million by offering shares of its common stock. The company announced on March 30 that it had started
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Japan's Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported. According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will refer
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Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have
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Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal. Amid the fallout of the Silicon Valley Bank earlier this month, US regulators moved to shut down another crypto-friendly bank Signature. In the latest
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As Hong Kong is once again opening up to the crypto market, local investors are launching a $100-million fund to finance the digital industry. The new fund, ProDigital Future, will aim at Web3 companies in their early stages, oriented at the regional market. According to a Bloomberg report from March 30,
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The tokens have not yet arrived, said MaxPower, an employee of LayerZero Labs, which manages the protocol upon which Stargate is built and who was the co-host of a community call with roughly 400 attendees on Wednesday. Once they do, however, Stargate’s governing DAO will have to decide whether to
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