32 / 236 Relevant items tagged with #cryptocurrency
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Hilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund
[Aug 28 11:20 AM] Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments from Xapo Bank and…
South Korean crypto CEO stabbed in court during Haru Invest fraud trial
[Aug 28 11:04 AM] The courtroom stabbing comes weeks after a Chinese gang robbed over $2 million worth of crypto at gunpoint in a luxury estate in Thailand.
Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform
[Aug 28 8:30 AM] The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor…
MakerDAO Rebrands As ‘Sky’: Two New Tokens To Be Launched On Sept 18
Salvadoran Educational Nonprofit Mi Primer Bitcoin Risks Running out of Funds
[Aug 28 5:30 AM] Mi Primer Bitcoin, an educational bitcoin nonprofit organization founded in El Salvador, risks running out of funds by September according to statements from its founder John Dennehy. Dennehy declared that while they expect to receive multiple…
8 Factors Pointing To Booming Crypto Prices In Next 3 Months, Predicts Market Expert
SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme
[Aug 28 3:30 AM] The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns…
Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom
[Aug 28 2:30 AM] Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead…
Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options
[Aug 28 1:30 AM] Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending…
Finder’s Experts Forecast Potential Surge in XRP Price
[Aug 28 12:30 AM] Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05…
Bitcoin Loses Footing as Price Slips Below $62K Threshold
[Aug 27 9:20 PM] Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs…
Tether CEO Criticizes Durov’s Arrest, States Europe Is ‘Falling Into Dark Ages’
[Aug 27 8:05 PM] Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and…
French President Emmanuel Macron Dismisses ‘False Information’ on Pavel Durov’s Arrest; ‘It Is in No Way a Political Decision’
Bitcoin’s Rough September Price History Raises Questions for 2024
[Aug 27 5:10 PM] As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years…
Gavin Wood’s biggest hope: Free crypto transactions and Web3 tech worldwide
[Aug 27 2:46 PM] We need to “divorce Ethereum from Ether” to onboard the six billion Web2 users, Wood told Cointelegraph during an exclusive.
US Bitcoin ETFs Surge by $202M While Ethereum ETFs Bleed $13M in Outflows
[Aug 27 1:05 PM] U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot ethereum ETFs experienced a loss of $13.23 million during the same trading session. Bitcoin ETFs…
French Court Extends Telegram CEO Pavel Durov’s Police Custody
[Aug 27 12:20 PM] French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on…
Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam
[Aug 27 9:30 AM] Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty…
Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind
Latam Insights Encore: El Salvador’s Bitcoin Education Investments Set to Pay Off in Adoption
[Aug 27 6:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and…
Semler Scientific Acquires More Bitcoin, Citing Institutional Adoption Growth
[Aug 27 2:30 AM] Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing…
Russia Set to Launch Crypto Payment Trials Next Week, Report
[Aug 27 1:30 AM] Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could…
9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in Paraguay
[Aug 26 10:30 PM] Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their…
Orange Juice Futures Hit All Time High Numbers Amidst Agricultural Commodity Rally
[Aug 26 9:30 PM] The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading…
SEC Charges Abra With Unregistered Sales of Crypto Asset Securities
[Aug 26 7:16 PM] The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of…
Edward Snowden: Pavel Durov’s Arrest Is an Assault on Basic Human Rights
36% Chance for Durov’s Freedom in August: Polymarket’s High-Stakes Bet on Telegram Founder’s Fate
[Aug 26 5:30 PM] According to the blockchain-powered prediction market Polymarket, bettors are giving Telegram founder Pavel Durov a 36% chance of being released this month. Durov was taken into custody by French judicial police at Le Bourget airport in France…
Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year
[Aug 26 4:30 PM] On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana…
Bitcoin Sets New Transaction Milestones as Top Ten Busiest Days Occurred in 2024
[Aug 26 3:35 PM] In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its…