Uncategorized Archives - Page 8 of 131

TuesdayNov 12, 2024 8:00 am

Trump’s Win Triggers Crypto Rally, BTC Hits New Record

Bitcoin (BTC) surged to a record high on Wednesday, November 6, with the broader crypto market and crypto-related stocks enjoying a strong rally as investor confidence grew after Donald Trump’s presidential election victory. BTC jumped by almost eight percent in early trading, soaring past $75,000 and setting a new all-time high. This surge eclipsed its prior record from March, with other cryptos following suit. Ether, the second largest crypto after bitcoin, saw a similar 8% increase, while dogecoin spiked by up to 18%, bolstered by support from Elon Musk, who has been vocal about his interest in the asset and…

FridayNov 08, 2024 8:00 am

Crypto Donations Towards Elections Exceed Those of Pharma and Oil Giants

The 2024 United States elections have significantly impacted the cryptocurrency landscape, elevating its importance within the global financial sector. Crypto-related donations have soared past $238 million for the first time, surpassing contributions from traditional sectors like pharmaceuticals and oil. This unprecedented level of support is expected to push policymakers in Washington toward more crypto-friendly regulations. Some of the most prominent contributors from the sector include major players such as Ripple, Coinbase, and Andreessen Horowitz. Collectively, these firms have contributed over $160 million to pro-crypto political action committees (PACs), backing candidates with crypto-friendly agendas such as John Deaton, who is running…

ThursdayNov 07, 2024 9:00 am

Crypto ETFs Register Significant Inflows as Traders Prep for Volatility

A growing number of investors are putting money into Bitcoin-tracking funds in anticipation of former President Donald Trump’s possible comeback to the presidency. They are optimistic about the cryptocurrency’s future, despite expecting some turbulence in Bitcoin prices during election week. According to data analysis and news source The Block, ETFs tracking spot Bitcoin prices experienced a significant inflow of $917.2 million on October 30, the biggest one-day influx since March. BlackRock’s iShares BTC Trust ETF, known as the largest asset-managed Bitcoin spot fund, gained net flows amounting to $872 million—its biggest one-day influx since its inception in January 2024. Bitcoin…

TuesdayNov 05, 2024 8:00 am

UAE Crypto Exchange Says It Recovered $13.7m in Just 16 Minutes After a Security Breach

M2 Exchange, a crypto exchange based in the United Arab Emirates, recently underwent a security breach involving $13.7 million. The exchange reported that it had acted promptly to resolve the issue, ensuring customer funds were restored and normal operations resumed with heightened security measures implemented. Cybersecurity company Cyvers discovered odd transactions connected to M2 Exchange that happened on popular blockchain networks like Bitcoin, Ethereum, and Solana. The firm described the hack as an access control violation, detailing that the compromised address received1,378 ETH, 9.7 million Shiba Inu tokens, and 3.7 million USDT. The assets were later changed to ether. M2…

FridayNov 01, 2024 9:00 am

Crypto Market Shaken by Media Reports of Tether Being Investigated

The U.S. federal government is reportedly investigating Tether, a major stablecoin provider, according to an October 25 report by The Wall Street Journal (WSJ), which cites sources close to the issue. The investigation, which is being led by the U.S. Department of Justice (DOJ), focuses on alleged criminal use of Tether’s stablecoin, USDT, by third parties, potentially for illegal activities such as money laundering. The investigation has reportedly been ongoing for a few years. Meanwhile, the U.S. Department of Treasury is evaluating potential sanctions against Tether, as the stablecoin is widely used by sanctioned individuals and entities, such as the…

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,…