Bitcoin’s price has been incredibly volatile in the past week, with a sharp drop to a 2-week low of $57,100. The asset had surged above $65,100 just a week ago but failed to maintain its momentum. Despite a brief recovery to $61,000, bitcoin plunged back down to under $58,000, and has been struggling to regain
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A London resident, Habibur Rahman, has recently made headlines as the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. The incident took place at a gadget shop in Chatham, where several crypto ATMs, including one for public use, were found to be operated without the necessary approval
The payments industry has experienced significant growth over the past fifty years, making it one of the largest and fastest-growing sectors globally. However, despite its success, the industry still relies on outdated technology that is becoming increasingly inefficient. According to a report by Binance Research, blockchains and distributed ledger technology have the potential to revolutionize
Peter Diamandis, the visionary behind X Prize and Singularity University, recently sparked a thought-provoking discussion among his vast following on social media. One response highlighted the unparalleled track record of Bitcoin in fulfilling its promises over the past 15 years. Bitcoin has consistently delivered, generating a new block of transactions every ten minutes without fail.
Crypto.com, a prominent cryptocurrency exchange headquartered in Singapore, has recently joined forces with Standard Chartered, a major global banking institution, to provide fiat services to retail users worldwide. This partnership signifies a significant development in the cryptocurrency industry as it bridges the gap between traditional banking and digital assets. Enhancing Accessibility and Functionality Through the
Recent findings from TRM Labs have revealed a troubling trend in the world of cryptocurrency ATMs. These cash-to-crypto services have been found to have processed at least $160 million in illicit volumes since 2019, with the proportion of illicit transactions at these ATMs reaching 1.2% in 2023. This is significantly higher than the 0.63% of
The demand for bitcoin (BTC) in the United States has experienced a surge following comments made by Federal Reserve chair Jerome Powell at the recent Jackson Hole symposium. Specifically, BTC has seen a notable increase in demand from U.S. investors, as reflected in the rise of the Coinbase Premium to 0.11%, its highest level since
The year 2024 has not been kind to Bitcoin, despite the initial excitement surrounding the cryptocurrency. Although Bitcoin managed to surpass its all-time high from 2021 early in the year, reaching an impressive peak before the scheduled halving in March, it has struggled to maintain momentum towards the much-anticipated $100,000 mark. The factors contributing to
The U.S. Securities and Exchange Commission (SEC) recently unveiled a massive Ponzi scheme run by two brothers, Jonathan Adam and Tanner Adam. The brothers managed to defraud over 80 individuals by falsely claiming to operate a crypto bot that offered a monthly return of 13.5% to investors. Between January 2023 and June 2024, the Adams
In recent news, Ethereum co-founder Vitalik Buterin made another significant transfer of ETH, stirring up conversations within the cryptocurrency community. He moved 800 ETH, valued at around $2.01 million, to a multisig wallet. Following this transfer, a portion of the ETH was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. This movement