Apr 02 2024
El Salvador initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. President Nayib Bukele’s Bitcoin strategy was questioned after its value dropped from $69,000 in November 2021 to $16,000 a year later. However, the investment returned to profitability when Bitcoin surpassed the average purchase price of $42,600 in February. El Salvador …
Mar 21 2024
The total cryptocurrency market capitalization stands at $2.057 trillion. Bitcoin’s price charted a decline of 2.8% in the past seven days. It was trading above or very close to $52K for quite a while during the past week. It attempted to solidify above $3K on a few occasions, but the bulls were unable to upkeep …
Mar 21 2024
Fairshake, a Super PAC supporting candidates favorable to cryptocurrency and blockchain technology, has garnered $4.9 million in funding. The Winklevoss twins, known for co-founding the Gemini exchange and their significant Bitcoin investments, were early backers of Fairshake. The initial investment dates back to December 18, 2023. Chayanika has been working as a financial journalist for …
Mar 20 2024
Coinbase’s quarterly report has arrived, and the exchange has cause to celebrate. According to the fiscal for Q4 FY2023, the company has $273 million in net income over the past couple of months. Total revenues added up to $953.8 million, beating analyst predictions by upwards of $100 million. A good chunk of the exchange’s rebound …
Mar 20 2024
Retail traders are still not present in the Bitcoin market. This begs the question of whether their arrival could propel another price surge for the asset in the next few months. Data from Google Trends shows the typical behavior of retail investors, as they tend to search more for investment options that are very hot. …
Mar 20 2024
Scam Sniffer reports $55 million worth of cryptocurrency was stolen in January. Scammers set up more than 11,000 phishing websites. Most of the thefts occurred on the Ethereum mainnet. These scams have impacted around 40,000 individuals, according to Scam Sniffser. The thefts occurred after a series of airdrops on the mainnet in the previous month. …
Mar 19 2024
CertiK is a security firm that specializes in comprehensive security for blockchains, smart contracts, and Web3. Scammers are targeting users by fraudulently latching on the company’s brand. One prevalent scam involves phishing sites falsely claiming to have undergone CertiK audits. These fraudulent certifications are used to deceive users into investing in schemes like Wixpool, a …
Mar 19 2024
Kraken is seeking to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) The SEC sued Kraken in November 2023, alleging that the crypto exchange co-mingled customer funds and listed assets deemed as securities on its platform. Kraken argued that the SEC’s complaint did not touch on fraud or supposed supposed breaches …
Mar 18 2024
The Financial Supervisory Service (FSS) of South Korea intends to meet with the United States Securities and Exchange Commission (SEC) to discuss the crypto industry and spot Bitcoin ETFs. FSS chief Lee Bok-hyun is expected to visit the U.S. later this year. He announced the visit on Monday while revealing his business plans for 2024. …
Mar 18 2024
Hungary’s freedom of the press has been under direct fire since Prime Minister Viktor Orban came into power in 2010. Attacks by Orban’s administration against independent media have prevented the public from accessing pertinent information, Human Rights Watch said. The organization has called on EU lawmakers to take action against the Hungarian government’s efforts to …