According to a recent report by Bitwise, U.S.-based institutional investors are showing strong support for Bitcoin spot ETFs, with approximately 66% either maintaining or increasing their holdings. This trend is particularly noteworthy given the market volatility and declining prices experienced in the second quarter of the year. Growing Number of Filings Bitwise’s chief investment officer,
Sahil Arora, a well-known figure in the crypto industry, has recently come under scrutiny for his controversial practices. While initial reports suggested that Arora had made an impressive $30 million this year, further investigation by blockchain expert ZachXBT revealed a much lower figure of approximately $3 million. This significant difference raises questions about the accuracy
Bitcoin experienced a 2.5% drop on Wednesday, settling at $59,100, following the U.S. government’s decision to transfer more of its Silk Road-related Bitcoin holdings to Coinbase Prime. This move was highlighted by the on-chain analysis platform Arkham Intelligence, which pointed out that 10,000 BTC, valued at $593 million, had been relocated. The specific wallet, bc1ql,
The Bitcoin price continues to trade sideways, with uncertainties looming on the macro side leaving investors indecisive about their next move. Analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory, suggesting that the crypto could drop to as low as $48,000. Van de Poppe mentioned in a social media post that Bitcoin
Ethereum has faced significant challenges in recent weeks due to the bearish pressure in the crypto market. The ETH price has experienced multiple crashes, bringing it back down towards $2,000 and dashing hopes for a new all-time high in the third quarter. Despite this decline, there is hope on the horizon, as crypto analyst RLinda
With the mainstream acceptance of Bitcoin, institutions and governments have significantly increased their holdings of the cryptocurrency. This trend has led to a shift in the top holder list, with large institutions now dominating the market. Notably, the top Bitcoin wallets no longer include any private holders, other than the mysterious Bitcoin creator, Satoshi Nakamoto.
In the ever-evolving landscape of cyber threats, a concerning trend has emerged regarding stolen funds and ransomware. Despite an overall decrease in illicit transactions, the amount of stolen funds in crypto scams has seen a significant uptick from $857 million to $1.58 billion by late July. Similarly, ransomware payments have also grown, with mid-year 2023
Last night, prominent Democrats, including Senate Majority Leader Chuck Schumer, gathered at a Crypto4Harris event to express their unwavering support for crypto regulation. Schumer emphasized the need for regulatory clarity and bipartisan collaboration to shape the future of the industry. He highlighted Congress’s responsibility to enact sound regulations for crypto and bring both sides of
Following the recent $235 million hack targeting Indian crypto exchange WazirX, the company has decided to terminate its asset custody arrangement with Liminal. In an effort to bolster the security of its remaining assets post-breach, WazirX has shifted its assets from Liminal to new multi-signature wallets. This move is crucial to safeguarding the assets, as
Metaplanet has recently made a significant investment in bitcoin, purchasing around $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest acquisition, Metaplanet now holds a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured
The integration of Proof of Exposure by Confiction Labs in their shooter game Riftstorm has sparked a significant conversation in the Web3 gaming industry. This system, aimed at combating bots through NFT allowlist verification, is a proactive approach to address the rising issue of automated bot accounts causing disruptions for developers and genuine players. The
Recently, it was reported that crypto exchange Binance has agreed to pay Brazilian regulators $1.76 million to settle allegations of unlicensed derivatives trading in the country. This settlement comes after a year-long investigation by the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator. The regulatory crackdown began in July 2020 when the CVM ordered Binance
Core Scientific, a Bitcoin mining company based in Texas, recently announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
In a historic move, Crypto.com, a cryptocurrency exchange based in Singapore, has signed a groundbreaking partnership with the Union of European Football Associations (UEFA) Champions League. This partnership marks the first time that a crypto platform has become the official global sponsor of such a prestigious football competition. The agreement is set to span several