Feb 19 2024
Bitcoin hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. Bitcoin surged to a fresh peak of 7.9 million Yen on the Tokyo-based cryptocurrency exchange bitFLYER. In comparison, its price in USD remained above $52,000, which was still down by more than 30% from its previously established record high of …
Feb 18 2024
The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark. Bitcoin managed to push past the $43K level and even attempted a shot at $44K but came short. Jupiter was airdropped to users who had traded on the platform before November last year. …
Feb 18 2024
Dogecoin’s value has declined by 23% since its local peak on December 9th. The number of wallets holding >0 DOGE is growing at a record pace of 7.3%. Nearly 414k new wallets, predominantly containing 0.001-1 DOGe, have been added over the past two weeks alone. This milestone comes a week after the Dogecoin network the …
Feb 18 2024
Chainalysis delved into pump-and-dump schemes and discovered that between January and December 2023, slightly over 370,000 tokens were introduced on Ethereum. Of these, around 168,600 were accessible for trading on at least one decentralized exchange (DEX) Among those listed on DEXs, 54% met Chainalysis’s criteria, which is suggestive of potential market manipulation. malicious entities collectively …
Feb 17 2024
Ransomware payments in 2023 exceeded $1 billion, reaching an all-time high. Despite a decrease in ransomware payments in 2022, the overall trend from 2019 to 2023 indicates a growing problem. Ransomware attacks were carried out by diverse actors, ranging from large syndicates to smaller groups and independents. The blockchain data platform acknowledged that this figure …
Feb 17 2024
A new U.S. government report claims digital assets can help criminals flout federal sanctions law. Authors asserted that foreign states working against American interests – including Iran and North Korea – “are using digital assets to evade the impacts of those sanctions.” Blockchains like Bitcoin (BTC) are well-known for having poor privacy, and have been …
Feb 17 2024
Visa has completed a pilot test in collaboration with HSBC and Hang Seng Bank. The program, a part of the “Digital Hong Kong Dollar’ pilot, opens new horizons for secure and efficient financial transactions. The results showed great promise, with accelerated payment speeds, enhanced settlement risk management, improved control, and heightened transaction transparency. Overall, the …
Feb 16 2024
Eight Bitcoin ETFs’ daily inflows hit 12,073 BTC worth $590 million on February 13, with BlackRock’s iShares leading in those numbers. Meanwhile, Grayscale outflows slowed to only 1,147 BTC, worth $56 million after weeks of high outflows. The eight BitcoinETFs currently hold 227,986 BTC since their approval on January 10. However, when includinggrayscale, the total …
Feb 16 2024
BTC’s price soared to $35K earlier this week, reaching levels not seen in a long time. The reason for it was that the website of the Depository Trust and Clearing Corporation (DTCC) suddenly showed a listing of a spot Bitcoin ETF carrying the ticker symbol iBTC. The listing of this ticker itself doesn’t mean a …
Feb 16 2024
The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals promoted a fraudulent cryptocurrency investment program that promised investors high returns. Sam Lee, an Australian living in the United Arab Emirates (UAE), and American citizens Rodney Burton and Brenda Chunga, …