In a striking case of cybercrime, the FBI has apprehended a suspect linked to a false tweet that misled many into believing the Securities and Exchange Commission (SEC) had approved spot Bitcoin exchange-traded funds (ETFs). This fraudulent act led to significant volatility in the cryptocurrency market, emphasizing the high stakes associated with misinformation, particularly in
Crypto
The recent week marked a remarkable period for spot Bitcoin exchange-traded funds (ETFs), with net inflows surpassing $2 billion, making it a standout moment since the middle of March. This surge highlights a growing confidence in the cryptocurrency market, particularly among institutional investors, fueling optimism around digital assets. The US-based spot Bitcoin ETFs, numbering eleven,
Bitcoin, the leading cryptocurrency, has demonstrated remarkable resilience over the past week, especially notable as it reached the $69,000 mark for the first time since late July. This remarkable climb is particularly intriguing, as it follows a period of relative stagnation, marked by its struggle around the $62,000 to $63,000 region just a week earlier.
In a significant milestone for the cryptocurrency sector, Bitget has announced that its native wallet has surpassed an impressive 40 million users, marking an astounding growth of over 100% since March 2024. This surge not only underscores the platform’s competitive edge but also positions it as a formidable contender against industry giants like Binance. Notably,
The Hong Kong Police Force (HKPF) has successfully disrupted a vast and intricate counterfeit operation that leveraged cutting-edge deep fake technology. This elaborate scam exploited the obsession with cryptocurrency investments, cunningly drawing in unsuspecting individuals through fake romantic relationships predicated on trust and emotional manipulation. The magnitude of this fraudulent activity is stark, with victims
Over the past weekend, Bitcoin’s price movements have exhibited a sense of calm, stabilizing above the $68,000 mark. This period of relative stability was anticipated, given the highly volatile trading week preceding it. After a dramatic dip below $59,000 earlier in the week, Bitcoin rebounded to around $62,000 before beginning a journey of incremental gains.
Bitcoin (BTC) has consistently been a focal point in the cryptocurrency market, particularly noted for its cyclical nature during various periods, notably the fourth quarters of previous bullish cycles. Historical patterns, especially during ‘halving years’—events where the reward for mining Bitcoin is halved—have been instrumental in shaping investor expectations. As we approach Q4 in another
The rapidly evolving world of cryptocurrency and blockchain technology continues to capture attention, showcasing remarkable growth and activity levels. A recent report titled “State of Crypto,” published by the venture capital firm Andreessen Horowitz (a16z), provides crucial insights into the recent developments and trends in this multifaceted sector. With 220 million blockchain addresses interacting within
The world of stablecoins has long been dominated by leading players such as Tether (USDT) and USD Coin (USDC). These fiat-backed digital currencies have firmly established their positions within the cryptocurrency market, providing a reliable means of trading and storing value without the volatility typically associated with cryptocurrencies. In the third quarter of 2024, data
On October 15, 2024, a significant chapter in the world of cryptocurrency fraud reached its conclusion with the sentencing of Juan Tacuri, a key figure in the notorious Ponzi scheme known as Forcount. Tacuri, who served as a senior promoter, received a hefty 20-year federal prison sentence, reflecting the serious nature of his crimes. In