Justin Sun, Tron founder, has offered to buy the German government’s Bitcoin holdings, worth over $2.3 billion, to minimize market impact. He announced his willingness to negotiate an off-market purchase on July 4th.
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A resident of Mangalore, Karnataka, has been apprehended for orchestrating a cryptocurrency Ponzi scheme, defrauding over 50 individuals. The suspect, Kunjathbail Mujib Sayyad, was arrested in Hyderabad for his involvement1.
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Bolivia’s central bank (BCB) lifted the ban on #Bitcoin and other cryptocurrencies on June 26, 2024.
Domestic banks can now engage in cryptocurrency transactions, but crypto is not considered legal tender, and businesses are not required to accept it. The BCB plans to educate the public about cryptocurrency risks.