A Chinese state-owned newspaper has warned that corrupt officials could be funneling crypto into cold storage to avoid investigations. Legal Daily, a media outlet directly under the control of the Chinese Communist Party (CCP), notes in a new report that experts at the China Integrity and Legal Research Association’s 2023 annual meeting drew attention to …
Monthly archives: January 2024
Ethereum-Based Altcoin Explodes As Vitalik Buterin Says Project Is ‘Super Important’
An Ethereum (ETH)-based altcoin is exploding in value after ETH founder Vitalik Buterin said the project is vital to the crypto ecosystem. Buterin tells his five million followers on the social media platform X that all layer-2 (L2) projects should integrate with Ethereum Name Service (ENS), a platform that lets users buy a “domain name” …
OANDA’s Acquisition of Coinpass – Pioneering Crypto Trading
Singapore In a landmark move that promises to reshape the contours of the cryptocurrency trading landscape, OANDA, a renowned global leader in online multi-asset trading services and currency data, has announced its acquisition of Coinpass. This acquisition amplifies OANDA’s commitment to diversifying its offerings and solidifies its foothold in the burgeoning digital currency market. The …
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Nearly $300,000,000 in Losses Recorded in 2023 Due to Crypto Phishing Scams, According to Cybersecurity Firm
Crypto phishing scams facilitated the theft of more than $295 million worth of assets in 2023, according to the cybersecurity firm Scam Sniffer. In a new analysis, Scam Sniffer notes that phishing websites employ a type of crypto-malware known as “wallet drainers” that trick victims into greenlighting malicious transactions. Roughly 324,000 crypto holders fell victim …
Bitcoin’s dive to $40k triggers massive liquidations amid shifting margin trends
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Bitcoin dominates as crypto investments skyrocket by 170% to $2.2 billion in 2023
Inflows into crypto-related investment products increased 170% year-on-year to $2.2 billion last year from the $816 million recorded in 2022, according to CoinShares data shared by its head of research James Butterfill, on social media platform X (formerly Twitter). The increase reflects the resurgence of the burgeoning crypto sector, fueled by remarkable rallies in cryptocurrencies …
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Binance sees 18% Open Interest drop as CME Bitcoin futures hit record levels
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Grayscale’s Bitcoin Trust sees trading surge as spot ETF decision looms
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Binance dominance fell to 44% last year amid mounting regulatory and legal woes
Crypto exchange Binance’s market share experienced a significant decline last year to 44.5%, according to data from Paris-based crypto intelligence platform Kaiko. This decline follows a three-year upward trend, where Binance’s market share surged from 22% in 2020 to peak at 60% in 2022. However, the subsequent regulatory hurdles across several jurisdictions contributed to the …
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Bitcoin’s price risk slumping to $36k if SEC denies ETF applications, Matrixport warns
The U.S. Securities and Exchange Commission (SEC) might end up rejecting all applications for a spot Bitcoin exchange-traded fund (ETF) because “they fall short of a critical requirement,” digital asset management firm Matrixport wrote in a Jan. 3 note. This comes a day after Matrixport said Bitcoin could pump to $50k before the weekend. Instead, …
Bitcoin loses ground, plunges below $42,000 amidst $470 million market liquidation
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Coinbase Executive Says Upcoming Events Will Be ‘Pretty Explosive’ for Bitcoin – Here’s His Outlook
Coinbase’s country director for Singapore, Hassan Ahmed, is saying that there are two upcoming catalysts that portend a bullish outlook for Bitcoin (BTC) in 2024. Ahmed says in a CNBC interview that Bitcoin will see a potential increase in demand while at the same time experiencing a fall in the supply. “So this spot Bitcoin …
Bitcoin Just Hit ‘Springboard’ for Price, According to Trader That Called 2021 Crypto Collapse – Here’s What He Means
The trader who accurately called the 2021 crypto market crash says that Bitcoin (BTC) is likely gearing up for a sudden rally. Pseudonymous analyst Dave the Wave tells his 143,500 followers on the social media platform X that Bitcoin’s price action on the monthly chart has touched upon a key support level on the Gaussian …
Billionaire Shark Tank Star Mark Cuban Blasts SEC, Says the Regulator Fails To Protect Investors
Celebrity billionaire Mark Cuban thinks the U.S. Securities and Exchange Commission (SEC) doesn’t do an effective job of protecting investors. The Shark Tank star refers to the SEC as “the QuickBooks of Financial Regulation.” “They don’t protect anyone but they are really good at bookkeeping. Has the SEC ever moved in to protect investors BEFORE …
Insiders at MicroStrategy and Coinbase sell crypto stocks worth over $350M
MicroStrategy chairman Michael Saylor wants to sell 315,000 company shares worth around $216 million, according to a Jan.2 filing with the U.S. Securities and Exchange Commission (SEC). In MicroStrategy’s third-quarter earnings call on Nov. 2, Saylor revealed that he received a stock option for 400,000 shares in 2014, set to expire on April 30, 2024, if left …
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