Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking

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Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
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'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Marathon Digital bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Marathon Digital bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet. Plus, India has seen as many as 92 cases involving the dark net and crypto for drug trafficking in the past four years, and Coinbase's CBPL was fined more than 3.5 million pounds by the Financial Conduct Authority.

And India has seen as many as 92 cases involving the dark net and crypto for drug trafficking since 2020 until April 2024. That's according to the nation's junior Home Minister, the data did not provide a distinction between how many of the 92 cases were solely dark net related and how many were solely crypto related in terms of methods of transactions. A special task force has been constituted to monitor such suspicious transactions.

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