Day: March 25, 2025

Mt. Gox transfers $1B in Bitcoin in third major BTC move this month

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Bankrupt crypto exchange Mt. Gox has just shifted 11,501 Bitcoin in its third significant transaction in less than a month. Blockchain analytics firm Arkham Intelligence alerted the community of the transfer on March 25 on X, revealing the Japanese exchange had sent 893 Bitcoin (BTC) worth around $78 million at current prices to the Mt. Gox cold wallet (1Jbez) and another 10,608 Bitcoin, worth around $929 million, to another wallet, the Mt. Gox change wallet (1DcoA). Source: Arkham Intelligence The latest move comes after Mt. Gox shuffled a total of…

Arizona’s strategic crypto reserve bills heads for full floor vote

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Two strategic digital asset reserve bills in Arizona cleared Arizona’s House Rules Committee on March 24 and are now headed to the House floor for a full vote. The bills together, if passed into law, would clear the way for Arizona to establish strategic digital assets reserves composed of existing assets confiscated through criminal proceedings in addition to newly invested public funds. The Republicans hold a 33-27 majority in Arizona’s House of Representatives, giving both bills a decent chance of passing.  Source: Bitcoin Laws However, according to Bitcoin Laws, the…

Massachusetts subpoenas Robinhood over sports prediction markets

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Massachusetts’ securities regulator has reportedly launched a probe over Robinhood’s prediction markets offering that has allowed users to bet on the outcomes for a slew of events, including basketball tournaments.  Reuters reported on March 24 that Massachusetts Secretary of State Bill Galvin said his office subpoenaed Robinhood last week to get information on its marketing materials and the number of Massachusetts-based users that traded sports events contracts on college basketball tournaments. Galvin said he was concerned the trading platform was “linking a gambling event on a popular sports event that’s…

Mt. Gox moves 11,502 Bitcoin as price surges above $87,000

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Key Takeaways Mt. Gox moved 11,502 Bitcoin on Monday, valued over $1 billion. Bitcoin price surged to $87,000 during the Mt. Gox transaction, although recent transfers have shown minimal market impact. Share this article A Mt. Gox-labeled wallet just moved 11,502 Bitcoin, valued at over $1 billion, in the last hour, according to data from Arkham Intelligence. Of the 11,502 Bitcoin moved, a substantial $927 million was deposited into an unidentified wallet beginning with “1DcoAJ.” These transfers occurred as Bitcoin’s price reached $87,000, CoinGecko data shows. Bitcoin has seen a…

USDC stablecoin receives approval for use in Japan, says Circle

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Circle said it will officially launch its stablecoin in Japan on March 26 after one of its local partners received regulatory approval to list the US dollar stablecoin three weeks ago. USDC (USDC) will first be listed on the “SBI VC Trade” crypto exchange under a joint venture between its parent firm — Japanese financial conglomerate SBI Holdings — and Circle’s Japanese entity Circle Japan KK, Circle said in a March 24 statement. The news comes three weeks after SBI VC Trade secured an industry-first regulatory approval on March 4…