Bitcoin experienced a significant increase in value, with its price surging from $53,600 to over $58,000 in just one day. One of the main factors contributing to this surge is the introduction of US spot Bitcoin ETFs in mid-January of this year. These ETFs have been influencing the price movements of Bitcoin, with positive flows
Crypto
Bitcoin (BTC) witnessed a considerable decline in price over the weekend, triggered by the disappointing August nonfarm payrolls (NFP) data. The cryptocurrency experienced a sharp drop of almost 5%, falling below the $54,000 mark, which was its lowest level since early August. The broader crypto market also felt the impact of this price weakness, with
In recent times, the United States Federal Bureau of Investigation (FBI) has raised concerns about the increasing number of “aggressive” attacks by North Korean hackers targeted towards the cryptocurrency industry and companies involved in digital asset investment products. These attacks are not your ordinary cyber threats; they are sophisticated social engineering tactics that even individuals
Ethereum, once considered a strong competitor to Bitcoin, has seen a significant decline in performance since the Merge two years ago. What was once hailed as a revolutionary platform for decentralized applications and smart contracts is now on the brink of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has identified several key factors contributing
Bitcoin has experienced a significant drop in its market price on crypto exchanges, plunging to its lowest level since the early August massacre. This decline occurred after the spot Bitcoin ETFs were approved in the US, signaling a surge in demand. Despite a previous rebound that saw Bitcoin reaching $65,000, the bearish trend has resurfaced,
Bitcoin’s price experienced significant turbulence last week, with the digital currency reaching highs near $60,000 only to plummet to $52,800 in a matter of minutes. This rollercoaster ride was fueled by a mixture of factors, including market speculation, regulatory concerns, and macroeconomic data. While Bitcoin took center stage with its price fluctuations, altcoins such as
In a recent case in Scotland, John Ross Rennie, a 29-year-old man from Cambuslang, was involved in a violent robbery in March of 2020. During the robbery, the victim was forced to transfer 23.5 Bitcoin, valued at approximately £109,601, to the assailants. Rennie was identified as the “technical brains” behind the operation, providing expertise on
United Texas Bank (UTB) has recently come under fire from the U.S. Federal Reserve for significant deficiencies in its governance, particularly regarding anti-money laundering (AML) laws and risk management associated with virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 uncovered shortcomings in board oversight and senior management’s handling of compliance
In recent times, Ethereum has been facing a bearish outlook, characterized by a significant downtrend. This negative trend has sparked fear and uncertainty among market participants, leading to a decrease in investor interest. The rejection at the lower boundary of a multi-month wedge and key Fibonacci levels has confirmed the presence of strong selling pressure
As the crypto market remains turbulent and unpredictable, there is a notable surge in whale activity among large investors. Data intelligence firm Santiment has conducted an analysis revealing the top ten crypto projects experiencing a significant increase in whale activity. In this context, whales are referred to as investors who carry out transactions valued at