Crypto News
Crypto Funds See $1.44B Inflows as Bitcoin Reclaims $62,000
According to the latest report from CoinShares, the crypto sector has seen a $1.44 billion inflow of capital as the market turned bullish. The crypto market seems to have escaped the FUD around German government Bitcoin sales as the wallet emptied all of its holdings. Key points: Total inflows into digital asset investment products reach......
After Paxos, SEC Ends Investigation into Hiro Systems
Just one day after the SEC ended its investigation into Paxos, the commission is dropping another investigation. According to the details from a recent filing, the SEC has ended its investigation of Hiro Systems. Key points: The SEC ends its three year long investigation into Hiro. Details from the filing show that the SEC is......
German Government Now Has Only 9K Bitcoin Left to Offload
After a few weeks of back-to-back selling, the German government now has only around 9094 Bitcoin left in its wallet. Key points: German government now only holds 9094 BTC. The value of the current holdings stands at around $519 million. German government hasn't moved any Bitcoin in the last 13 hours. At the current pace,......
SEC Drops Paxos Investigation: Major Win for Stablecoins
The Securities and Exchange Commission (SEC) has decided to conclude its investigation into Paxos, according to a report by Fortune. This decision comes more than a year after the commission issued a Wells notice to Paxos. Key points: SEC ends probe into Paxos without recommending enforcement action. Paxos expresses relief and anticipates accelerated enterprise partnerships.......
US Inflation Drops to 3%, Crypto Market Turns Green
The US economy has slightly recovered from the consistent grip of inflation in June. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 3%. Key points: CPI showed a 0.3% drop in June, defying economists’ expectations of 3.1%. Core CPI falls to 3.3%, lower than the expected 3.4%.......
Compound Finance Website Hijacked: Users Warned of Phishing Threat
The official website of Compound Finance, a leading lending protocol, has been compromised. The incident has prompted urgent warnings from both the project team and independent crypto sleuths. Key points: Compound Finance's official website (compound.finance) redirects to a phishing site. Users are strongly advised not to visit or interact with the website. The compound protocol......
Pro-Crypto Donald Trump Set to Speak at Bitcoin 2024 Conference
Former President Donald Trump has been announced as a keynote speaker at the upcoming Bitcoin 2024 conference. The announcement was made by the official X account of The Bitcoin Conference. Key points: Trump will speak at Bitcoin 2024 in Nashville, Tennessee, from July 25–27. The conference has moved from Miami to Nashville for its fourth......
BitMEX Pleads Guilty to AML Violations
BitMEX has admitted to failing to maintain its anti-money laundering (AML) protocols. The revelation was made by the United States Department of Justice in a recent press release. Key points: BitMEX pleads guilty to Bank Secrecy Act volation. The exchange operated without an adequate AML program from 2015 to 2020. U.S. authorities allege the platform......
German Government Loses Bitcoin Billionaire Status: Offloads 73.2% of Seized BTC
The German government has been on a selling spree over the past few weeks. The back-to-back offloading has cost the government its "Bitcoin billionaire" status. Key Points: German government sold 2,000 BTC (worth approximately $117.3 million) in the past few hours. Remaining Bitcoin holdings stand at 13,360 BTC (valued at around $784.96 million) Total Bitcoin......
Elliptic Exposes Huione Guarantee: Uncovers $11 Billion Crypto Scam
Blockchain analytics firm Elliptic has exposed a crypto fraud ecosystem centered around Huione Guarantee. Huione Guarantee is an online marketplace based in Cambodia. Key findings: Huione Guarantee-linked wallets have processed over $11 billion in crypto transactions since 2021. The platform specializes in services for crypto scammers, including money laundering and fake crypto investment site creation.......
DigitalX’s Bitcoin ETF Set to Make Australian Securities Exchange Debut
According to the latest details from a press release, DigitalX Limited is set to introduce spot Bitcoin Exchange Traded Funds (ETFs) on the Australian Securities Exchange (ASX). This ETF is set to debut under the ticker BTXX. The DigitalX spot Bitcoin ETF will begin trading on July 12, 2024, at 10:00 AM AEST. Key points:......
Bitcoin Nosedives As German Government Moves Over $850M In BTC
In a series of transactions, the German government has moved 15,347.723 Bitcoin (BTC) over the past 24 hours. This large-scale movement of BTC valued at approximately $850 million, has triggered the market once again. Key points: German government transferred 15,347.723 BTC in 24 transactions. Funds were moved to major exchanges, including Coinbase, Bitstamp, Kraken, and......
Crypto Funds See $441M Inflows as Mt. Gox Bitcoin Pressure Eases
According to the latest report from CoinShares, the crypto sector has seen a $441 million inflow of capital despite the bearish sentiment. The inflow is despite the selling pressure from Mt. Gox and the German government. Key points: Bitcoin attracted $398 million in inflows, representing 90% of total investments. Solana gained major investor interest. Regional......
Golem Moves 36,000 Ethereum to Binance And Coinbase Amidst Market Uncertainty
Golem has transferred a substantial amount of Ethereum (ETH) to various cryptocurrency exchanges over the past month. Golem is one of the most prominent Ethereum Initial Coin Offering (ICO) projects. Key points: Golem transferred 36,000 ETH (approximately $115 million) to exchanges in 37 days. The project still holds 157,360 ETH, valued at about $530 million.......
Bitcoin Slumps Below $54,000 as Mt. Gox Moves 47,228 BTC
Bitcoin's price plunged below $54,000 in the last 24 hours, triggering a bloodbath in the overall crypto market. The sudden crash was likely triggered by an unexpected move from the infamous Mt. Gox exchange. Key points: Mt. Gox transfers 47,228 BTC (worth $2.71 billion) from cold storage to a new wallet. Bitcoin price dropped from......
Tron’s Justin Sun Offers to Buy German Government’s Bitcoin Stash Amid Market Turmoil
Justin Sun, the founder of Tron, has stepped forward with an offer to purchase the German government's Bitcoin holdings. This move comes in response to recent market movements that have caused the Bitcoin price to tumble to the $57,000 level. Key points: German government moved 1,300 BTC ($76M) to exchange deposits. Additional 1,700 BTC ($99M)......
‘Rich Dad Poor Dad’ Author Predicts Bitcoin To Hit $10 Million
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has once again shared his forecast on Bitcoin. In a recent tweet, Kiyosaki paints a picture of an upcoming economic doom followed by an extraordinary bull market. Key points: Kiyosaki predicts a major market crash affecting real estate, stocks, bonds, and cryptocurrencies. He anticipates a major......
Consensys Bolsters MetaMask Security with Wallet Guard Acquisition
Consensys has announced its acquisition of Wallet Guard. This acquisition marks a major step towards enhancing user protection within the cryptocurrency ecosystem. Key points: Wallet Guard's advanced security features to be integrated into MetaMask. Acquisition aims to improve scam and drainer detection capabilities. Consensys targets "zero user fund losses" through enhanced security measures. The integration......
Ethereum Poised to Outshine Bitcoin After Spot ETH ETF Launch: Report
The crypto industry is counting the days until the launch of spot Ethereum ETFs in the United States. At the same time, industry experts are forecasting a potential shift in the performance dynamics between Ethereum and Bitcoin. K33 Research analysts Vetle Lunde and David Zimmerman have a case for Ethereum's potential outperformance in the weeks......
Gemini Forecasts $5 Billion Influx for Spot Ethereum ETFs in First Six Months
Gemini has released a research report outlining the potential impact of spot Ethereum ETFs in the United States. The study predicts a substantial influx of capital as these new investment vehicles prepare to make their debut. Key points: Gemini projects up to $5 billion in net inflows for spot ETH ETFs within six months. Total......
