Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report
Companies that buy crypto are seeing big stock moves — and some of those moves happened before the news. A report by Fortune has disclosed that several firms which announced large purchases of cryptocurrency also saw sharp stock gains in the days just before their public announcements. That timing has raised red flags for traders, […]
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El Salvador moved its national Bitcoin stash into multiple wallets on Friday as a hedge against a future cryptographic threat, according to official posts and blockchain records. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report The country transferred 6,274 BTC — roughly $678 million at current prices — out of a […]
FinCEN on Thursday put banks and other financial firms on notice about a sprawling set of Chinese crypto and money laundering networks, saying they play a major role in moving illicit funds tied to Mexico-based drug cartels and other crimes. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report According to the […]
A nail salon company in Japan has become the latest name in corporate Bitcoin buying. Convano, listed in Tokyo, has revealed plans to spend about ¥434 billion ($3 billion) to accumulate 21,000 BTC, equal to 0.1% of the total supply. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report Reports said the […]
Based on recent figures, USDT dominance dropped to nearly 60% on August 29. It is the weakest hold Tether has had since March 2023. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report Nevertheless, USDT’s market cap is $168 billion and Circle’s USDC is $70.37 billion — both all-time highs. So the […]
Dutch cryptocurrency service provider Amdax has announced that it raised over $23 million to establish a Bitcoin treasury company. The new entity, called AMBTS, will be listed on Amsterdam’s Euronext stock exchange. According to reports, investors from the initial funding round have already committed the full $23.3 million. Related Reading: Insider Trading Suspicions Mount As […]