Law enforcement agencies in Switzerland and Germany have shut down Cryptomixer.io, one of Europe’s largest illicit Bitcoin-mixing operations. 

The takedown unfolded between Nov. 24 and 28 in Zurich, with Europol coordinating cross-border support.

Authorities seized three servers, the cryptomixer.io domain, more than EUR 25 million in bitcoin and over 12 terabytes of data. A seizure banner (see below) now replaces the site. Investigators say the disruption will fuel new leads tied to ransomware groups, dark-web marketplaces and cross-border money-laundering schemes.

Cryptomixer launched in 2016. It quickly became a go-to service for cybercriminals who needed to hide their…

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Tesla and SpaceX CEO Elon Musk has reignited some discussion around Bitcoin, describing it as a “fundamental physics-based currency” grounded in energy. 

Speaking on a recent podcast with Nikhil Kamath, Musk emphasized that Bitcoin’s value is tied to real-world energy expenditure, highlighting a distinction between digital assets and traditional fiat currencies.

“Energy is the true currency,” Musk said. “This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just, you know… pass a law and suddenly have a lot of energy.” 

The Tesla founder drew attention to the difficulty of producing and harnessing energy, linking it to…

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Republicans on the House Financial Services Committee have released a 50-page report detailing what they describe as a systematic debanking effort by Biden-era regulators, dubbed “Operation Chokepoint 2.0.” 

While many of the findings — such as the Fed, FDIC, and OCC pressuring banks away from crypto through informal guidance, and the SEC’s “enforce first, make rules never” approach — were previously known, the report now places them squarely in the Congressional record.

The report identifies at least 30 entities that were effectively “debanked” through informal regulatory guidance and supervisory pressure. These businesses, the Committee claims, were forced…

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Bitcoin Price Weekly Outlook

Bitcoin price managed to put in a green candle on the weekly close, finally, but it wasn’t enough to hold off the bears as the price dropped sharply right after the weekly and monthly close on Sunday night. The week and month closed at $90,385, still well below the closest resistance level at $91,400. Bears will likely look to take advantage of this weak close heading into this week, and potentially push the price down below the $84,000 support level.

Key Support and Resistance Levels Now

Bulls managed to test initial resistance last week at $91,400, but sold off heavily after hitting $93,000, short of the next resistance at $94,000. Above here,…

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Bitcoin price’s most popular top-calling indicators failed to trigger during the latest bull market, leaving observers questioning whether the underlying data is now broken. This analysis examines several widely used tools, explores why they underperformed this cycle, and outlines how they can be adapted to Bitcoin’s evolving market structure.

On the Bitcoin Magazine Pro Price Forecast Tools indicator, the latest bull market never reached several historically reliable top models such as Delta Top, Terminal Price, and Top Cap, with the latter not even touched in the prior cycle. The Bitcoin Investor Tool, which uses a 2-year moving average multiplied by 5, also…

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Strategy ($MSTR) announced Monday that it has created a $1.44 billion U.S. dollar reserve to safeguard future dividend and interest payments, a move aimed at calming investor concerns that the world’s largest corporate Bitcoin holder might eventually need to sell a portion of its roughly $56 billion BTC stack if market weakness persists.

The Tysons Corner, Virginia-based firm said the reserve, funded by recent Class A common stock sales, will initially cover at least 21 months of dividend obligations. 

Over time, Strategy intends to expand the buffer to cover as much as 24 months of payments, strengthening its liquidity position as Bitcoin endures its steepest monthly decline…

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Bitcoin price fell sharply to the mid-$84,000s early Monday, sliding 8% over the past 24 hours as a wave of macro anxiety, thin liquidity and fresh crypto-native stress hit markets simultaneously. 

The world’s largest digital asset traded between a 24-hour high of $91,866 and a low of $84,722, extending a two-month drawdown that has now erased more than 30% from October’s record highs, according to Bitcoin Magazine Pro data. 

The downturn marks a swift reversal from last week’s tentative recovery. After plunging below $81,000 on Nov. 21, the Bitcoin price steadily climbed into the end of November and briefly pushed above $92,500 during Black Friday’s morning… Read more on BitcoinMagazine