Weekly Digest: FBI Seizes $3.6B Tied to Bitfinex Hack, Binance Puts $200M in Forbes
Main page Digest, Regulations, Cryptocurrency
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Feb. 11, 2022

What happened to crypto market this week

FBI Arrests Couple for Laundering $4.5B Tied to Bitfinex Hack

On Tuesday, February 8, the FBI arrested Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, in Manhattan over charges related to laundering cryptocurrency stolen from Bitfinex in 2016, the US Department of Justice announced. As a result of the operation, the law enforcement seized over $3.6 billion in bitcoin.

Binance Puts $200M in Forbes, Becomes One of Top Owners

Cryptocurrency exchange Binance invested $200 million in Forbes, which plans to go public in SPAC merger in the first quarter under the ticker FRBS. According to reports, the deal would make the cryptocurrency exchange one of the top two biggest owners of Forbes.

Big Four Auditor Adds Bitcoin and Ether to Reserves

KPMG, one of the Big Four largest auditors in the world, included bitcoin and ether in the corporate reserves of its Canadian unit. KPMG managing partner Benjie Thomas added the decision was made due to growing interest in crypto among investors such as hedge funds and family offices.

Russia's Government and Central Bank Will Treat Bitcoin as a Currency

As follows from the announcement made by the Russian government, both government and the Bank of Russia intend to develop a draft law, which will define cryptocurrencies as an "analogue of currencies" and not as digital financial assets. Currently, bitcoin transactions and possession of cryptocurrencies are not prohibited in Russia, however, these must be conducted through a "digital currency exchange organizer" or peer-to-peer exchange licensed in the country.

The total capitalization of the cryptocurrency market at 17:00 (UTC) is $1,982,099,557,630.

  • Bitcoin surged 10% to $43,623.61
  • Ether surged 7.68% to $3,102.36
  • Binance Coin gained 8.22% up to $415.05
  • XRP surged 30.46% to $0.81

Top performer over the past week among the top 100 cryptocurrencies: GALA (+83.4%), according to CoinGecko.

Mining Profitability

  • Bitcoin: $0.2136 for 1 TH/s
  • Ethereum: $0.0513 for 1 MH/s
  • Bitcoin Cash: $0.1968 for 1 TH/s
  • Litecoin: $2.4166 for 1 GH/s
  • Dash: $0.0185 for 1 GH/s
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