NewsRoom Articles - Page 15 of 174

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 2:57 pm

Blockchain Africa Conference 2024: Set to Showcase Latest Developments in African Blockchain and Crypto Innovation

South Africa – Blockchain Africa Conference 2024 is set to unite blockchain developers, influencers, investors, entrepreneurs, and business leaders from around the world at the CSIR International Convention Centre in Pretoria (Tshwane) on 20 November 2024. This premier event, marking the 10th edition and organized by Bitcoin Events, will foster collaboration and provide participants with insights into Africa's dynamic and rapidly evolving blockchain and cryptocurrency ecosystem. The conference offers a platform for networking, knowledge sharing, and collaboration, bringing together local and international experts to discuss the most significant trends in cryptocurrencies and blockchain technology. Key Highlights of Blockchain Africa Conference…

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,…

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…