Debunked: FBI-Owned Bitcoin Wallet Erroneously Tied to Late Russian Oligarch Prigozhin in Recent Speculation

Amid swirling speculations about the third biggest bitcoin wallet, chatter has now emerged linking the fifth largest BTC wallet to the late Yevgeny Prigozhin, former owner of the Wagner private military company (PMC). However, a straightforward blockchain explorer search clearly indicates the wallet bears a label identifying it as property of the U.S. government.

Timeline of Bitcoin

Canaan, a producer of legendary ASICs series Avalonminer and one of the largest corporate Bitcoin (BTC) miners, shared its unaudited Q2, 2023, report. Despite the amazing performance of all key metrics, the firm is still grappling with a challenging market context and, therefore, has failed to achieve the break-even point.

Ethereum 2.0 News Digital currencies are swiftly progressing, manifesting new techniques and procedures aimed at refining the current systems. Among one of the most awaited advancements in this realm was the Ethereum 2.0 upgrade - a substantial enhancement to the pre-existing Ethereum blockchain.

Bitcoin (CRYPTO: BTC) moved slightly lower, but the cryptocurrency prices traded above the $26,000 level on Tuesday. Ethereum (CRYPTO: ETH), also edged lower, but traded above the key $1,600 mark this morning.

BlackRock (NYSE: BLK) — one of the largest investment companies in the world — has been showing interest in Bitcoin (BTC) for a while. The company is trying to get a Bitcoin spot ETF approved with the SEC in the United States, as well as being a major shareholder in 4 of the 5 largest Bitcoin miners.

Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite its increasing mining revenue and computing power. Per the unaudited financial report, the miner generated a total revenue of $73.9 million, while its “cost of revenues” were $143.

According to a recent tweet posted by @PeckShieldAlert crypto analytics account, the fifth largest Bitcoin address may be controlled by an entity that is believed not to favor the world's premier digital currency much.

After FTX's fall in 2022, concerns about risks in centralized crypto exchanges grew. The biggest hack of 2022 where $4.6 billion was washed out is still fresh on people's minds. It's surprising how the investigating agency involved in the cyber theft could itself come under scrutiny.

Bitcoin returned to the red on Tuesday, as markets began to anticipate the upcoming consumer confidence report in the United States. The Conference Board index is expected to fall to a reading of 116 in August, from 117 the month prior. Ethereum was also marginally lower.

The leading cryptocurrency by value, Bitcoin, has endured bearishness over the past few weeks amid faded market activity and unpredictable macroeconomic sector. Such developments have seen Bitcoin plunging to explore the psychological support floor of $26K, denting hopes of anticipated surges toward $30K in the near term.

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