
How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin's Anonymity
• https://getpocket.com, Andy GreenbergDrug dealers and money launderers saw cryptocurrency as untraceable. Then a grad student proved them all wrong.
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Drug dealers and money launderers saw cryptocurrency as untraceable. Then a grad student proved them all wrong.
Galaxy Digital's Alex Thorn says the market is "underpricing" the odds of a US Strategic Bitcoin Reserve forming this year, though others are skeptical.
River's research estimates BTC ownership at 65.9% for individuals, 7.8% for funds, 6.2% for businesses and 1.5% for governments. About 7.6% is believed to be lost.
The combined market cap of the 13 U.S.-listed bitcoin miners the bank tracks reached a record high last month.
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Led by Michael Saylor, the company bitcoin stack has grown to 636,505 coins worth about $70 billion.
The fund will supposedly protect investors from Bitcoin's sometimes huge dips by using the precious metal...
...at the world's expense.