$5 Billion Bitcoin Treasure Tied To Piracy Website Found In German Wallets
Arkham Intelligence has flagged roughly 45,000 Bitcoin tied to the Movie2K piracy case that have not moved since 2019, a discovery that raises fresh questions about what was missed when German authorities handled the earlier seizures. Related Reading: $6B In Bitcoin: Marathon Digital Treasury Now 2nd-Largest Among Public Firms At current prices, those coins are […]
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The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason for the substantial Bitcoin dump was unveiled in a recent statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. Why Germany Sold All Its Bitcoin In a blog post published on July 16, the Saxon Central Office and Frankfurt Bankhaus Scheich Wertpapierspezialist AG, a German securities trading bank, announced that they had successfully completed the sale of approximately 49,858 BTC. Starting on June 19, 2024, the German government began to sell off its massive....
The connection between content piracy and bitcoin is no different than the connection shared by fiat currency with copyright infringements. Piracy has become a global issue, effecting artists, movie makers, game publishers and others who are into the media and multimedia business. Content piracy amounts to copyright infringement which is a crime. According to the Recording Industry Association of America, music privacy results in over $12.5 billion in economic losses, whereas video piracy amounts to $18.5 billion in a year. It is not just the Hollywood studios and record labels that are....
The German government has depleted most of its Bitcoin holdings after an extended period of selloffs that left crypto investors reeling under selling pressure. The origin of these assets can be traced back to 2013 through the proceeds of the operations of a now-defunct movie content piracy website called Movie2K. Reports came out in mid-January […]
According to the latest Theatrical Market Statistics report released by the Motion Picture Association of America (MPAA), global box office revenues reached $38.3 billion in 2015, up 5 percent from 2014. But Chris Dodd, chief of the MPAA, said that if the issue of piracy could be tackled it would add a healthy $1.5 billion more to the movie industry’s bottom line. But currently available piracy detection technologies are ineffective in tackling digital media piracy because most illegal downloads happen on peer-to-peer networks. Custos Media Technologies, a startup based in Stellenbosch,....
Online piracy has been on the minds of many thanks to the recent Sony debacle. Those who were torrenting movies and music anytime in the last decade may remember Gary Fung's major contribution to the torrent community: isoHunt, a site much like the Pirate Bay, which shut down last year after Fung made a settlement of $110 million with Hollywood. Fung, who lives in Western Canada, wrote with a great degree of hindsight for TorrentFreak, saying that he envisions a future where streaming is the rule and Bitcoin is the medium of exchange. Also read: BitTorrent Inc. Offers Digital Release....