October 2024 - CryptoCurrencyWire

ThursdayOct 31, 2024 9:00 am

Report Shows More Than 60% of Indonesian Youth Invest in Cryptocurrency

Indonesia’s cryptocurrency market has seen a significant influx of young investors, with recent figures from the nation’s Commodity Futures Trading Regulatory Agency—Bappebti—revealing that over 60% of crypto investors are between 18 and 30. A large portion of this group comprises individuals aged 18-24, making up 26.9%, while another 35.1% are in the 25-30 age bracket. This trend highlights the increasing appeal of crypto as an investment option among younger investors, who are showing more interest in digital assets than in traditional financial products. Ir. Kasan, the head of Bappebti, responded to this growing interest by stressing the importance of financial…

ThursdayOct 31, 2024 9:00 am

Benzinga’s Future of Digital Assets Conference Brings Financial Vanguard to NYC

The Benzinga Future of Digital Assets and Fintech Deal Day conference is merging into a single event, uniting nearly 1,000 founders, operators, and investors at the forefront of financial technology. Amid rising regulatory scrutiny and the industry’s push for innovation, lower costs, and reduced friction, this event provides timely insights into the challenges and opportunities shaping the next era of capital markets. The conference's 130+ speakers represent the full spectrum of today's financial landscape. A list of some of the most recognized individuals includes: Grant Cardone: Founder and CEO of Cardone Capital, managing a $4.5 billion real estate portfolio, renowned…

MondayOct 28, 2024 9:00 am

US SEC Examination Priorities for Next Year Again Include Crypto

The U.S. Securities and Exchange Commission (SEC) will continue prioritizing crypto as part of its 2025 examination agenda, despite possible leadership and government oversight shifts. The commission’s Division of Examinations announced on October 21 its priorities for the new year, with a particular emphasis on digital assets and related services and products. The SEC plans to scrutinize crypto activities, such as their offering, selling, trading, and advertising, with particular attention on spot Ether and Bitcoin ETFs. The SEC first greenlit Bitcoin spot ETFs in January, followed by the approval of Ether spot ETFs in May. The division highlighted that given…

FridayOct 25, 2024 9:00 am

Could Trump Be Simply Exploiting Crypto Voters?

As the 2024 United States presidential race heats up, both Kamala Harris and Donald Trump are focusing more on a burgeoning but frequently overlooked segment of the electorate: cryptocurrency enthusiasts. On the surface, Trump’s cryptocurrency intentions seem encouraging, but are there hidden agendas? Would Harris’ more subdued, cautious strategy pave the way for a more secure and intelligent future for digital currencies? Here’s a rundown of what both candidates are presenting to the crypto community and what it means for crypto voters. Trump strategically changed his position on crypto to appeal to a significant portion of the electorate and capitalize…

WednesdayOct 23, 2024 9:00 am

Tesla Transfers BTC Worth $765M to Unknown Wallets, Concerns Arise Regarding Musk’s Plans

Elon Musk’s evolving connection with cryptocurrency has taken yet another twist. According to blockchain analytics company Arkham Intelligence, Tesla moved Bitcoin (BTC) worth over $765 million to unidentified wallets. According to BitcoinTreasuries, Tesla is the fourth-largest Bitcoin holder among U.S. public firms. The company trails behind software firm MicroStrategy and Bitcoin mining companies Riot Platforms and MARA Holdings. Despite this significant holding, Tesla’s BTC accounts for less than 1% of its almost $700 billion market value. In contrast, for the other three firms, Bitcoin represents about 25% or more of their market worth. Tesla first invested in BTC in 2021,…

MondayOct 21, 2024 9:00 am

Crypto is Poised to Exert Influence on the Upcoming Polls as Donations Reach $130m

Utah Republican Congressman John Curtis has emerged as a top contender for the Senate seat being vacated by Mitt Romney, with significant backing from the cryptocurrency industry. Curtis, who previously worked in telecommunications, has taken an unconventional path to becoming a favorite of crypto advocates. The 64-year-old Congressman noted that legislators need to have a better grasp of the issues they regulate, particularly when it comes to complex topics like cryptocurrency, during a recent event in Salt Lake City. Curtis’ favorable stance toward cryptocurrency has made him popular among digital currency advocates. The crypto community has provided substantial financial support…

FridayOct 18, 2024 9:00 am

Data Shows 94% of BTC Holdings Are Profitable

The number of Bitcoin (BTC) addresses showing a profit has seen a major jump following Bitcoin’s recent price gain, which pushed it above $65,000. According to IntoTheBlock’s data, more than 50.67 million BTC addresses bought the digital currency for less than $65,500, representing around 94% of all Bitcoin holders. On the flip side, approximately 6% of BTC addresses—roughly 3.37 million—purchased the crypto at around $68,139, holding a collective volume of 1.58 million Bitcoins. Out of the total, more than 80,000 active BTC addresses are currently in profit, while approximately 247,000 addresses are at the breakeven point. In contrast, only 3,440…

WednesdayOct 16, 2024 9:00 am

SEC Charges Money Makers with Fraud for Misleading Cryptocurrency Investors

The U.S. Securities and Exchange Commission (SEC) recently filed fraud charges against nine people and three market makers for their roles in manipulating the trading of several cryptocurrency assets offered to retail investors as securities. It is alleged that the defendants planned fictitious trading activities to trick investors into believing there was real interest in the assets. The SEC said that by giving the impression of a working market, these efforts broke securities rules and harmed ordinary investors. According to the regulator, Vy Pham, Nam Tran, Manpreet Singh Kohli, Maxwell Hernandez and Russell Armand hired Gotbit and ZM Quant to…

MondayOct 14, 2024 9:00 am

Emerging Markets Could Hold Key to Crypto’s Future

Bitcoin (BTC) has seen little movement over the past few months. After a strong start to 2024, it has largely leveled off, trading between $56,000 and $62,000 since July. This stability contrasts sharply with the first half of the year, when the cryptocurrency jumped by 45%, largely fueled by U.S. spot ETFs. Market watchers are now eager to see what might trigger a shift in Bitcoin’s performance. Most are paying close attention to key developments anticipated between December and early next year. Broader economic factors, such as changes in U.S. interest rates, are also seen as important. Traders are optimistic…

FridayOct 11, 2024 9:00 am

UN Reveals Southeast Asian Criminal Syndicates Leverage Crypto, Telegram

Southeast Asian criminal organizations are increasingly using Telegram to facilitate global online scams, defrauding billions from unsuspecting victims, according to a new UN Office for Drugs and Crime (UNODC) report. The syndicates, many of which operate on an international scale, primarily rely on cryptocurrency for their illegal activities, particularly Tether’s stablecoin USDT. The report also highlights deepfake technology as another major technological development that has been aiding criminal networks. Telegram’s encryption and lack of moderation have made it a popular tool for criminal operations. According to UNODC, this platform has become a major hub for trading hacked data, including browser…