Bitcoin’s limited supply limits it from meeting the need of a growing economy – Steve Forbes

It is a popular opinion that bitcoin’s limited supply makes it more valuable and superior to other asset classes and fiat money. There are only about 18. 58 million bitcoins currently in existence. Out of this, 14.

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31 Bitcoins Worth Over $1 Million Recovered From Jailed Hacker

The Indian police have reportedly recovered $1.1 million worth of Bitcoins from a 25-year-old jailed hacker, Srikrishna, who possessed the assets through fraudulent deeds. Srikrishna, a computer science graduate, who is also called Sriki among his peers, is allegedly a drug dealer and has been previously convicted and arrested over several criminal charges. Aside from […]

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India Seizes Bitcoins Worth $1.2 Million From Hacker of Government Website and Crypto Exchanges

Indian police have seized $1. 2 million in bitcoin from a hacker who allegedly hacked a government website, online game portals, and cryptocurrency exchanges. He was previously arrested for stealing $1.

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Man Accidentally Threw Away Hard Drive With 7,500 Bitcoins, Offers City $72 Million to Search Landfill

A man has accidentally thrown away a hard drive containing 7,500 bitcoins. He is now offering his city 25% of the value of the bitcoins stored in the hard drive for permission to search the city’s landfill site.

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IT Engineer Offers Nearly $72 Million to Excavate Lost Bitcoin Fortune

James Howells, an IT Engineer, is offering a percentage of his Bitcoin stash to the Newport City council to dig up a hard drive containing over 7,000 bitcoins that he accidentally discarded.  Howells Seeks to Recover 7,500 BTC According to the South Wales Argus, James Howells was renewing his appeal to the city council toRead More

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Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million

A bitcoiner has shared his story of how he lost access to his 7,002 bitcoins, worth about $240 million at the current price. He has lost the piece of paper on which he wrote his password and now has two guesses left before his device seizes up and encrypts its contents forever. 7,002 Bitcoins Worth […]

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Decade-Old Idle Bitcoins Worth $40 million Moved In Recurring Pattern

Idle wallets and illiquid bitcoins are finally coming to life as the crypto markets continue to break new grounds. On January 3, 2021, an old miner spent 20 block rewards from a decade ago that summed up to 1000 bitcoins.

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Reddit User Finds 127 Old Bitcoins at Grandpa’s House – Pockets Over $4 Million After Selling

A Reddit user says he (or she) recently regained access to the keys of 127 bitcoins eight years after last accessing the coins. Immediately after regaining access, the user sold all the bitcoins and pocketed over $4 million in the process.

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Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards

On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school […]

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$75 Million in Bitcoin to Be Sold by Finnish Customs Authority

It was reported by local Finnish news outlet Yle that Tulli is looking to sell 1,981 BTC. Back in 2016, the Finnish customs authority seized the bitcoins from a highly wanted drug dealer. At the time the Bitcoin was seized, it was only worth approximately $850,000.

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Mark Cuban’s Bitcoin Plan: Run for President if BTC Hits $1 Million, Free Satoshis for Every Citizen

Billionaire Shark Tank investor Mark Cuban has shared his idea of what he will do when the price of bitcoin hits $1 million. Cuban says he will run for president but only if some bitcoins are donated to the Treasury so that every citizen receives some satoshis each year he is in office. He will […]

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Finnish Customs to sell 2016 confiscated Bitcoins now worth over $75 million

The customs service of Finland is planning to sell its Bitcoin assets, which the government agency had earlier confiscated in connection with criminal investigations related to drugs.  According tThe post Finnish Customs to sell 2016 confiscated Bitcoins now worth over $75 million appeared first on AMBCrypto.

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450 Bitcoins moved from Binance address to Mt. Gox cold wallet

Years after the Mt. Gox incident in 2014, an update published by Whale Alert Twitter account today stated that more than $14 million in Bitcoin or 450. 00034 BTC was moved from Binance address to a Mt.

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Are 'illiquid Bitcoins' no longer a concern?

The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million. That is close to 88.6% of the total supply. Now, even though each token is worth close to $31k, understanding the stateThe post Are 'illiquid Bitcoins' no longer a concern? appeared first on AMBCrypto.

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Cannabis Dealer Forfeits $3 Million in Bitcoin — 6,000 More BTC Still Missing

A cannabis dealer has forfeited bitcoins worth about $3 million after they were seized by the Irish Criminal Assets Bureau. However, a bigger stash of 6,000 bitcoins belonging to him, worth about $200 million at the current price, are still inaccessible to the bureau.

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Kidnappers of 8-year-old in Karnataka demand 100 Bitcoins

An eight-year-old boy had been kidnapped in Karnataka, India, with the abductors demanding a ransom in 100 Bitcoins -  worth about $2.3 million, at the time. An investigation launched by local policeThe post Kidnappers of 8-year-old in Karnataka demand 100 Bitcoins appeared first on AMBCrypto.

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MicroStrategy Buys The Bitcoin Dip, Now Has Over $1 Billion In BTC

Virginia-based business intelligence firm MicroStrategy has officially joined the bitcoin billionaire club after buying another $650 million worth of bitcoin. The firm’s total bitcoin holdings now amount to over 70,000 bitcoins — worth approximately $1.

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After advising Elon Musk on BTC strategy, MicroStrategy CEO reveals firm’s purchase of 29,646 Bitcoin

MicroStrategy's CEO Michael Saylor took to Twitter to announce that the firm has purchased an additional ~29,646 Bitcoins for about $650 million “in cash in accordance with its Treasury Reserve PoliThe post After advising Elon Musk on BTC strategy, MicroStrategy CEO reveals firm’s purchase of 29,646 Bitcoin appeared first on AMBCrypto.

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MicroStrategy Eclipses Over $1 Billion in Bitcoin Purchased

Announced in a press release by MicroStrategy and echoed by CEO Michael Saylor, “MicroStrategy has purchased an additional 29,646 Bitcoins for $650 million at an average price of $21,925 per Bitcoin and now hodl an aggregate of 70,470 Bitcoins purchased for $1.

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MicroStrategy инвестировала в биткоин дополнительные $650 млн

Поставщик аналитического ПО MicroStrategy дополнительно приобрел 29 646 BTC на сумму $650 млн. Об этом в понедельник, 21 декабря, сообщил СEO компании Майкл Сэйлор. MicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per #bitcoin and now #hodl an aggregate of 70,470 bitcoins purchased for $1.

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21M Bitcoin and the Promise of Scarcity

In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the Promise of Scarcity appeared first on Bitcoin News.

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Canadian Crypto Company Increases Its Bitcoin Treasury Holdings to $3.6 Million

BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189. 5 bitcoins valued at US$3.

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Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury

Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy Microstrategy Inc.

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Grayscale Buys Almost $140 Million in BTC in 24 Hours

Grayscale made the purchase of 7,188 Bitcoins in just one day. This confirms continued institutional interest surrounding their Bitcoin offering. When you look at Grayscale Bitcoin holdings over the last week and month, a similar pattern appears.

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Companies Now Own Almost 1 Million Bitcoins Worth ~$16 Billion

It seems as if almost every week new companies are allocating a portion of their treasury reserve assets to bitcoin. This increased drive in corporate adoption across a variety of industries and sectors may bode well for the emerging asset class and the crypto that leads them.

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Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action

As bitcoin surpassed its 2017 all-time high on Monday morning, a few hours later 5,045 BTC or $97 million worth of bitcoin from the 2016 Bitfinex hack was transferred. The hackers that stole the funds four years ago have moved the bitcoins numerous times this year.

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Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and the court claims the couple’s bitcoin stash was used on the deep web.

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$29 Million in Bitcoin Seized From Dutch Dark Web Money Launderers

The Rotterdam District Court in the Netherlands has seized 2,532 bitcoins (~$29 million) from a couple convicted of money laundering on dark web platforms. According to a court statement, the man and his wife from the city of Hilversum, located in North Holland, were also sentenced to two years and two and a half years […] The post $29 Million in Bitcoin Seized From Dutch Dark Web Money Launderers appeared first on BeInCrypto.

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Wrapped Bitcoin on Ethereum Enters Top 20 Tokens

Tokenized bitcoins on ethereum have now become a top 20 cryptocurrency by market cap. They’ve risen from just $120 million during July of this year, to $1.4 billion within just...

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Even The Rothschild’s Are Buying Bitcoin; Grayscale’s Holdings Surpass 450k BTC

The Rothschild Investment Corporation has bought 27 bitcoins in share form through Grayscale Bitcoin Trust (GBTC). GBTC itself added another 6,937 BTC (worth $72 million) in the past few days after reporting the third straight record quarter with inflows reaching $1 billion.

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Five exchanges hold 10% of Bitcoin’s circulating supply

The five largest cryptocurrency exchanges currently hold nearly 1.7 million bitcoins. About 10% of... The post Five exchanges hold 10% of Bitcoin’s circulating supply appeared first on Coin Journal.

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Over Half A Million Bitcoins Currently Held On Corporate Balance Sheets

Bitcoin has continued to gain acceptance from the mainstream corporate environment. After several years of criticism, Bitcoin is going mainstream with many corporate organizations buying the asset.

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A “Tsunami” Of Institutional Investors Is Coming Following Square’s $50 Million Investment In Bitcoin, Tyler Winklevoss Predicts

On October 8, Jack Dorsey’s Square Inc. announced that it had purchased approximately 4,709 BTC worth $50 million. Square even explained in detail how they bought the bitcoins over-the-counter via a liquidity provider that services CashApp in a bid to help others who might want to do the same. The firm cited: “We negotiated a […]

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Bitfinex Hackers Move $26M Worth Of Bitcoin to Unknown Wallets; Still Ignoring $400M Reward

Nearly 2,500 Bitcoins stolen from Bitfinex exchange in 2016 are on the move once again – following similar multimillion-dollar moves this August ($12M and then $5. 7M). A total of 2479. 62 BTC (~$26 million) moved from the Bitfinex hacker’s account to unknown wallets, Whale Alerts reported on Oct.

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Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity

The Bitcoin network has recently crossed over the 18. 5 million mark, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence.

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Bulls Exit BitMEX Bitcoin Futures Market

Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million.

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Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours

Nasdaq-listed company Microstrategy recently bought almost 17K bitcoins within 74 hours, costing about $175 million. The CEO of this billion-dollar company used to be a bitcoin skeptic but has recently become a bitcoin bull when his company purchased $425 million worth of bitcoin.

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Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate

A cryptocurrency analyst, Timothy Peterson claims that 1,500 bitcoins are lost each day meaning only 14 million BTC will ever circulate. The figure is at odds with the estimate of many organizations including Markets.

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Huge! MicroStrategy Acquires Over 16,000 Additional Bitcoins, Bringing Total Holdings To Almost Half A Billion Dollars

Earlier today, ZyCrypto reported that US-based business intelligence firm MicroStrategy had filed with the SEC indicating that it was considering adding its bitcoin holdings. Well, according to the firm’s CEO, MicroStrategy has kept its word and increased its BTC holdings past the $250 million prior investment.

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Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase

Billion-dollar public company Microstrategy Inc. has bought 16,796 more bitcoins. The company has purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million. Microstrategy’s Bitcoin Investments Microstrategy Inc.

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Bitcoin Tokenized on Ethereum Near $1 Billion

The movement of bitcoins towards eth is growing somewhat parabolically, doubling in two weeks from around 40,000 to now more than 88,700 bitcoins. That’s worth some $960 million dollars, an...

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Total Value on Bitcoin’s Lightning Network Sets Another Record High Amid Market Rally

The Layer 2 protocol holds $12.4 million worth of bitcoins.

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Hacker steals over $16 Million in Bitcoin via a wallet exploit

In the latest crypto heist, hackers nabbed 1,400 bitcoins belonging to a long-time holder... The post Hacker steals over $16 Million in Bitcoin via a wallet exploit appeared first on Coin Journal.

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Australian Conman Peter Foster Arrested For Bitcoin Fraud

A noted master scammer and serial con artist Peter Foster has been arrested for multiple money laundering charges, including the theft of $1. 73 million worth of bitcoins. Foster stole the said amount of bitcoins from a Hong Kong businessman named Konstantinos Stylianopoulos.

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Hackers Move $5.7M of Stolen BTC; Not Impressed With Bitfinex’s $400 Million Reward

Bitfinex 2016 hackers move millions worth of stolen BTC between wallets for the first time since the $400 million rewards for returning the 120,000 BTC hacked stash was announced. A total of 478 Bitcoins (BTC) currently worth over $5.

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$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week

This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.

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MicroStrategy buys 21,454 bitcoins — claims it’s better than cash

The firm allocated more than $250 million into Bitcoin as the firm sees the...

The post MicroStrategy buys 21,454 bitcoins — claims it’s better than cash appeared first on Coin Journal.

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German Polizai Seizes $30 Million Bitcoin From Movie2k Operator, Will They Hold?

German police have taken custody of about 2,500 bitcoins, worth some $30 million, that belong to the operators of movie2k.to. The now defunct website was a search engine for movies...

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Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins

Cryptocurrency exchange Bitfinex is offering rewards of up to $400 million to the hackers who stole almost 120,000 bitcoins from its platform in 2016 as well as anyone putting it in touch with the hackers.

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