Bitcoin’s surge to a record-breaking $75,000 has led to staggering losses for two unidentified traders on Binance who had bet against its price rising. According to Coinglass data, these traders’ positions were liquidated for $74.98 million and $36.48 million in the early hours of Nov. 6. These two liquidations alone account for about 30% of …
Yearly archives: 2024
220 pro-crypto candidates elected in US while Elizabeth Warren keeps seat amid $75k Bitcoin
Crypto-friendly politicians are making significant gains in the ongoing US elections, with early results indicating strong support for candidates who advocate for digital assets. In the House of Representatives, 220 pro-crypto candidates have been elected, surpassing the 106 elected who are against crypto initiatives, according to Stand With Crypto. In the Senate races, pro-crypto candidates …
Bitcoin claims new all-time high as Trump wins US 2024 Election
Bitcoin reached a new all-time high today, hitting $74,870.20, as Donald Trump’s odds of winning the US presidential election surged to 97% on the prediction market. As of press time, Bitcoin was trading at $74,331.55, up 8.61% in the past 24 hours, and its market capitalization stood at $1.47 trillion. On Polymarket, Trump’s chances climbed …
Continue reading “Bitcoin claims new all-time high as Trump wins US 2024 Election”
Trump Declared 47th US President as AP Calls Election With 277 Electoral Votes
According to the Associated Press, Donald Trump has secured victory in the 2024 U.S. presidential election, garnering 277 electoral college votes compared to Kamala Harris’s 224. Trump’s Election Victory Confirmed by AP The Associated Press (AP) and multiple news outlets have declared Donald Trump the 47th president of the United States. Trump clinched victory with …
Continue reading “Trump Declared 47th US President as AP Calls Election With 277 Electoral Votes”
Bybit Expands Global Presence With VASP Registration by the National Bank of Georgia
Bybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, …
Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year
Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The …
Continue reading “Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year”
Riot’s Monthly BTC Output Up by 23%; Company Calls October Production ‘New Post-Halving Milestone’
Bitcoin mining company Riot Platforms reported a 23% increase in bitcoin production in October, driven by increased hashrate and operational efficiency. Riot’s Latest Financial Update Bitcoin mining giant Riot Platforms (Nasdaq: RIOT) recently announced that it mined 505 bitcoins (BTC) in October, a 23% jump from the 412 bitcoins mined in September. In the same …
A Hidden Threat: FBI Warns of Cookie Exploit Bypassing Multifactor Authentication Security
The FBI’s Atlanta Division has warned that cybercriminals are bypassing multifactor authentication (MFA) by stealing “Remember-Me cookies” from victims’ computers. These cookies, which allow users to stay logged in without re-entering credentials or MFA, are commonly used when users select the “Remember this device” option. Once obtained, hackers can exploit these cookies to access victims’ …
Semler Scientific Acquires More Bitcoin, Despite Mixed Q3 Financial Results
Semler Scientific increased its bitcoin (BTC) holdings with the purchase of an additional 47 bitcoins for an aggregate amount of $3 million. This brought its total bitcoin holdings to 1,058 bitcoins for a total purchase amount of $71 million. Semler Scientific Expands Bitcoin Holdings Amid a Rise in Income Semler Scientific Inc., a company that …
Continue reading “Semler Scientific Acquires More Bitcoin, Despite Mixed Q3 Financial Results”
A Ponzi Unveiled? Controversial Crypto Platform Facing California’s Wrath
The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order on Monday to Trage Technologies Ltd., also known as Trage Tech, for alleged violations of securities laws. The DFPI claims that Trage Tech, which operates out of the Marshall Islands and Panama, promoted “Crypto Arbitrage Investment Packages” without proper registration. …
Continue reading “A Ponzi Unveiled? Controversial Crypto Platform Facing California’s Wrath”
Bitcoin Price Hits New All-Time High As Traders Bet Trump Will Beat Harris
Bitcoin (BTC) just hit a new all-time high of $74,504 as Donald Trump’s odds of winning the presidency surge on betting sites. The online betting site Polymarket now has Trump at a 92.2% chance of winning the election. At time of publishing, NBC News projects Trump has secured 210 electoral votes, with Harris securing 91. …
Continue reading “Bitcoin Price Hits New All-Time High As Traders Bet Trump Will Beat Harris”
Bitcoin hits new all-time high as Trump’s Polymarket odds hit 97%
Bitcoin reached a new all-time high today, hitting $74,870.20, as Donald Trump’s odds of winning the US presidential election surged to 97% on the prediction market. Bitcoin is currently trading at $74,331.55, up 8.61% in the past 24 hours, and its market capitalization now stands at $1.47 trillion. On Polymarket, Trump’s chances have climbed sharply, …
Continue reading “Bitcoin hits new all-time high as Trump’s Polymarket odds hit 97%”
Crypto venture funding hits $860 million in October, highest in over 6 months
Venture capital (VC) funds invested $860 million in crypto startups last month, a 30% leap from the amount registered in September and the highest since April’s $954 million earlier in the year, according to DefiLlama data. Investments in the blockchain gaming sector surpassed $110 million, growing for the third consecutive month by showing a significant 75% …
Continue reading “Crypto venture funding hits $860 million in October, highest in over 6 months”
Binance Charity Donates $3 Million to Spain’s Red Cross for Flood Relief
Binance has contributed $3 million to Spain’s Red Cross to support relief efforts following devastating floods in Valencia. Spanish Red Cross Receives $3M Donation from Binance to Aid Valencia Flood Victims In response to severe flooding that has impacted the Valencia region, Binance Charity, the philanthropic branch of the cryptocurrency platform Binance, has donated $3 …
Continue reading “Binance Charity Donates $3 Million to Spain’s Red Cross for Flood Relief”
Millions Recovered: DOJ Orders Seized Funds Returned in Failed Bank’s Crypto Scheme
A judge ordered millions seized in a Kansas crypto fraud scheme be returned to defrauded investors, marking partial relief for victims of the bank collapse. Millions Lost, Millions Returned: DOJ Mandates Restitution for Defrauded Investors The U.S. Department of Justice (DOJ) announced on Monday that a federal judge in Wichita, Kansas, has ordered that millions …