The recent week has marked a remarkable turnaround for spot Bitcoin exchange-traded funds (ETFs), which recorded an influx exceeding $2 billion in net investments. This surge not only highlights the growing interest among institutional investors but also represents the most productive trading session for these financial instruments since mid-March. The 11 US-based spot Bitcoin ETFs
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As the weekend unfolded, Bitcoin’s price seemed to stabilize around the $68,000 mark, a level that appears to be holding firm despite the inherent volatility that characterizes the cryptocurrency market. This containment was somewhat predictable given the historical trends of reduced trading activity during this period. Notably, while Bitcoin remained relatively steady, many alternative cryptocurrencies
Bitget has made headlines recently, announcing that its native wallet has amassed over 40 million users, a staggering 100% increase since March 2024. This rapid growth positions Bitget as a notable competitor in the cryptocurrency application arena, closely challenging Binance for dominance. Notably, Bitget Wallet achieved an impressive 6 million downloads in September alone, emphasizing
In an era where technology increasingly intertwines with daily life, the darker corners of that innovation have paved the way for scams that exploit human emotions. Recently, the Hong Kong Police Force (HKPF) uncovered a staggering cross-border fraud scheme that utilized deep fake technology to ensnare victims through fabricated romantic relationships. This sophisticated operation, which
Dogecoin (DOGE), born from the realm of internet memes, has seen a roller-coaster ride of popularity and valuation. Initially created as a joke, this cryptocurrency has dramatically evolved, capturing the attention of investors and enthusiasts alike. Central to Dogecoin’s ascent is the undeniable influence of tech mogul Elon Musk. His frequent endorsements and social media
In a significant breakthrough, Binance has joined forces with the Delhi Police to dismantle an elaborate scam perpetrated by a fraudulent organization identified as “M/s Goldcoat Solar.” This concerted effort has culminated in multiple arrests and the recovery of over 100,000 USDT in cryptocurrency. The escalating prevalence of online scams has become a pressing concern
In the dynamic world of cryptocurrency, Bitcoin continues to lead the charge with remarkable resilience. Recently, Bitcoin surged to an impressive peak of $69,000 – a price level not reached since late July. However, this climb was not without its challenges. Just a few days prior, Bitcoin was seen fluctuating between $62,000 and $63,000 after
In a significant blow to the financial integrity of digital assets, the FBI has apprehended Eric Council, a 25-year-old man linked to a fraudulent tweet that misled the crypto market regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC). This event unfolded against a backdrop of rising anticipation
Bitcoin, the leading cryptocurrency, has a track record of flourishing during the fourth quarter of prior market cycles, particularly during halving years. As historical records indicate, the end-of-year performance of Bitcoin has been noteworthy, with significant price increases witnessed in 2012, 2016, and 2020. A recent report by the market analytics firm CryptoQuant suggests that
On October 15, 2024, the legal repercussions of deception and greed culminated in the sentencing of Juan Tacuri—a prominent promoter involved in one of the most egregious cryptocurrency Ponzi schemes, Forcount. The case highlights not only the personal consequences for those orchestrating such schemes but also illuminates the larger, pervasive issues surrounding cryptocurrency investments and