In a remarkable turn of events, U.S. investors have demonstrated an insatiable appetite for spot Bitcoin exchange-traded funds (ETFs) throughout a recent trading week. The total inflows to these eleven U.S.-based funds surpassed a striking $1 billion mark, marking a significant leap in interest and participation in the cryptocurrency market. What adds an extra layer
Crypto
In the face of recent volatility, Bitcoin has managed to reclaim significant momentum, notably surpassing the critical $64,000 mark. This breakthrough signals not only a resurgence but also enables a potential approach towards a new all-time high, particularly within the short-term outlook. By breaking the $64,000 resistance, the cryptocurrency also comfortably sits above its 200-day
Bitcoin has recently experienced a significant rally, primarily fueled by favorable US inflation figures released on Friday. The cryptocurrency soared past the $66,500 mark, a milestone not seen since early August, before undergoing a modest pullback shortly thereafter. This response highlights the volatile nature of cryptocurrency, which often reacts sharply to macroeconomic indicators. Following the
In an age where digital currencies are increasingly prevalent, the intertwining of cryptocurrency and cybercrime has also surged, posing significant challenges for global law enforcement agencies. One alarming development has been the U.S. authorities taking decisive action against two Russian nationals, Sergey Sergeevich Ivanov and Timur Shakhmametov. These individuals stand accused of orchestrating a money
The intersection of cryptocurrency and political candidacy has become a significant area of discourse in recent years, as U.S. politicians increasingly articulate their stances on digital assets. One of the latest developments in this dynamic environment was the reevaluation of Democratic presidential candidate Kamala Harris’s position by the lobby group Stand With Crypto, which is
A recent report from Coinshares has shed light on the evolving role of Ethereum (ETH) within the cryptocurrency ecosystem, highlighting how its use is primarily anchored by two main components: marketplaces and stablecoins. This analysis, published on September 24, reveals that these two elements form slightly over half of Ethereum’s current applications. As decentralized finance
In recent weeks, Shiba Inu (SHIB), one of the most well-known meme coins in the cryptocurrency market, has caught the attention of investors as its price surged significantly. With a remarkable increase of about 35% over the past week, SHIB has seen its market capitalization exceed $11.5 billion, placing it as the 14th largest cryptocurrency.
The impending trial of Roman Storm, co-founder of Tornado Cash, is poised to highlight the complex intersection of cryptocurrency, software development, and regulatory frameworks. Scheduled to commence on December 2, 2023, in New York, Storm faces serious money laundering charges. These charges stem from the U.S. Department of Justice’s (DOJ) assertion that Tornado Cash, a
The Indian cryptocurrency exchange WazirX, once regarded as a leader in the digital currency landscape of India, has recently encountered a significant challenge. Following a devastating hack in July that resulted in a staggering $234 million loss—affecting nearly half of its customer base—WazirX found itself at a crossroads. The company’s request for a temporary respite
The political landscape in New York City is once again under scrutiny as federal prosecutors have indicted Mayor Eric Adams amid a slew of corruption investigations. As pressure mounts on his administration, the implications extend beyond the mayor’s office, affecting key personnel and the city’s standing on various fronts. This article explores the ramifications of