Taiwan Reveals It Holds 210 Bitcoin Seized in Criminal Cases, Valued at $18 Million

The U.S. Securities and Exchange Commission (SEC) has charged a solo bitcoin miner, Micah Zimmerman, for defrauding investors out of $48.5 million through the sale of fraudulent mining hosting agreements that promised passive income. This case highlights the ongoing challenges in regulating cryptocurrency investments and protecting investors from scams.

Bitcoin's price has plunged to approximately $84,500 following a series of aggressive sell-offs, raising concerns about its stability and potential further declines. This significant drop comes amid a broader bearish sentiment in the cryptocurrency market, with analysts warning of a possible retest of the $70,000 support level.

Fold has launched Bitcoin services across all 50 states in partnership with BitGo Bank & Trust, marking a significant expansion of its offerings in the cryptocurrency market. This initiative allows users nationwide to access Bitcoin services, enhancing Fold's position in the rapidly evolving digital asset landscape.

The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is reportedly in discussions to invest in the cryptocurrency payments firm MoonPay, which is aiming for a valuation of $5 billion and has recently enhanced its regulatory compliance in New York.

KindlyMD ($NAKA) has announced the authorization of a flexible share repurchase program aimed at buying back its stock, a strategic move to bolster investor confidence and stabilize its market position. This decision comes amid fluctuations in the company's share price and overall valuation.

Ledn has published its first monthly loan book and proof of reserves data, revealing $868 million in BTC-backed loans secured by 18,488 BTC, with an average loan-to-value (LTV) ratio of 55%. This initiative marks a significant step towards transparency in the cryptocurrency lending sector.

Taiwan's Ministry of Justice has disclosed that it holds over 210 Bitcoin, valued at approximately $18 million, which were seized from various criminal cases. This announcement underscores the increasing trend of governments accumulating cryptocurrency assets as part of their financial strategies.

BitGo has announced the integration of Bitcoin Lightning Network payments directly from its custody platform, positioning itself as a pioneer in providing Lightning payments for institutional clients. This development enhances the accessibility and efficiency of Bitcoin transactions for institutions, allowing for faster and cheaper payments.