Recent events in Hong Kong have shed light on the increasing trend of deception in crypto transactions. Three individuals were arrested by the Hong Kong police for defrauding a businessman out of HK$3.11 million in crypto assets by offering him counterfeit banknotes. This incident highlights the risks associated with crypto transactions and the need for
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The price of Bitcoin has shown significant momentum over the past week, fluctuating between $61,000 and $67,000. Despite uncertainties surrounding Mt. Gox’s customer repayment, Bitcoin has continued to perform well. In fact, trading data from QCP Capital suggests that Bitcoin may be gearing up for a major price rally in the near future. Analysts believe
State Street Corp., a well-known player in traditional finance based in Boston, is delving into the world of blockchain technology by exploring the possibility of launching its own stablecoin and tokenized deposits. This move is aimed at improving payment settlements and enhancing overall efficiency within the financial industry. In addition to their stablecoin efforts, State
A recent analysis by crypto expert Scott Melker, also known as “The Wolf Of All Streets”, has sent shockwaves across the crypto community. Melker has made a bold prediction that Bitcoin is on track to hit a new all-time high of $100,000 in the near future. This optimistic outlook is based on several key factors
Kraken Institutional, the division of the US-based crypto exchange Kraken that caters to institutional investors, has recently announced the expansion of its custody services into the UK and Australia. This move signifies a significant step for Kraken Institutional as it marks the first international venture following its initial launch earlier this year. Institutional clients in
The cryptocurrency world is abuzz with excitement as the Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs. This groundbreaking development has the potential to revolutionize the way investors interact with Ethereum and could open up new avenues for trading and diversification within the crypto market. On July 19,
In recent days, the price of bitcoin (BTC) has seen a significant rally, indicating a possible trend reversal. The cryptocurrency has surged to a high of $67,000, a promising sign for investors. This comes after a period of intense losses in 2024, with holders experiencing significant downturns in their investments. Analysts at CryptoQuant have pointed
In the ever-evolving world of cryptocurrency, a new trend has emerged in 2024 – the rise of dog-themed meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB) have become household names in the crypto space, with significant growth and market presence attracting the attention of investors and traders alike. One of the driving forces behind the
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. He initially started his writing career covering a wide range of topics but soon gravitated towards the complexities of blockchain technology and digital assets. His passion lies in understanding and dissecting the intricacies of the crypto world, particularly the efficiency
In June, trading volume on centralized exchanges saw a significant decrease of 21.8%, marking the third consecutive month of diminishing activity. This decline was attributed to several key factors highlighted in a report by CCData. One major factor was the notable decrease in open interest on derivatives exchanges, which fell by 9.67% to $47.11 billion