Feb 06 2024
The exploit is designed to deceive Bitcoin and Exodus wallet users into unwittingly downloading a fraudulent version of the software. Kaspersky mentioned that the malware, distributed through pirated applications, is distinctive in its focus on compromising wallet applications. Unlike typical proxy trojans or remote control software, this malware stands out in two ways. First, it …
Feb 03 2024
Digital asset investment products received a total of $326 million in inflows, marking the highest weekly influx since July 2022. Bitcoin dominated the total, accounting for 90% of the total at $296 million. The asset manager speculated that the rising optimism from investors that the US Securities and Exchange Commission would approve a spot-based Bitcoin …
Feb 03 2024
Invesco and Galaxy Asset Management have joined the ongoing battle over fees in the spot Bitcoin ETF space. The two companies announced that the Invesco Galaxy Bitcoin ETF (BTCO) will now have an expense ratio of 0.25%, reduced from its previous 0.39%. The fund will waive its fees for the initial six months or until …
Feb 02 2024
In a recent interview, Jack Dorsey and Luke Dashjr shared their insights on the current state and future trajectory of Bitcoin. The interview also shed light on Ocean Mining’s innovative efforts to combat the centralization of mining pools. Dorsey believes BTC can potentially contribute to “world peace” and “energy abundance” The conversation then shifted to …
Feb 02 2024
Meitu, the pioneering Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a strategic shift away from digital assets. The company, which made headlines in 2021 for investing around $100 million in cryptocurrencies, revealed that its growth is now driven primarily by its artificial intelligence (AI) business. The decision is rooted in …
Feb 02 2024
ChatGPT said that whether Bitcoin hits $100K after the SEC approves a spot BTC ETF hinges on multiple considerations. Approval of a spot Bitcoin ETF could make it easier for institutional investors to gain exposure to Bitcoin. Increased institutional interest might lead to higher demand and potentially higher prices. ChatGPT also said that if the …
Feb 02 2024
One of the five suspects was arrested as he tried to leave the country. Precautionary measures were implemented against the other four. The suspects have been notified of the charges for which they could end up in prison for up to 12 years. “The suspects sought to misappropriate approximately 1.5 billion Ukrainian hryvnias ($39.68 million) …
Feb 01 2024
Caroline Ellison, SBF’s ex-girlfriend, took the witness stand twice this week. Ellison, former Alameda CEO, said that while she had a business executive position at the trading firm, it was Sam who specifically directed her on how to use Alameda’s funds, move capital, and talk to institutions and investors. Ellison stated that Sam pressured her …
Feb 01 2024
The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023. The U.S. regulatory crackdown on the exchange peaked in November when the Department of Justice (DOJ) a $4.3 billion settlement with the trading platform over several charges, including a willful flo. According to a …
Feb 01 2024
Nishad Singh, FTX’s former director of engineering, testified at Sam Bankman-Fried’s fraud trial on Monday. Singh pled guilty to both money laundering and campaign finance violations, breaking down his involvement in the company’s over $100 million in donations to political candidates. Singh said his impression of Sam grew sour over time. “I’ve been intimidated. I …