In 2024, crypto scams have led to $2 billion in losses, with disturbing trends like “pig butchering” revealing deep emotional manipulation. Victims like Shai Plonski experienced devastating financial losses believing in romantic connections, while the UN reports horrific trafficking operations behind many scams. Awareness is critical to prevent further victimization as these criminals grow increasingly … Read more
Marathon Digital Holdings reported increased BTC holdings of 17,381 BTC and total cash and Bitcoin of $1.6 billion as of March 31, 2024. The average operational hash rate rose by 4% to 18.3 EH/s with a 7% increase in Bitcoin production. Operational challenges were noted, yet the company is actively optimizing performance and expanding its … Read more
On February 21, Bybit suffered a historic hack losing $1.5 billion, exposing security flaws in the crypto space. The North Korean group TraderTraitor was identified as the culprit. In response, crypto users are encouraged to consider self-custody options, utilize hardware wallets, and adopt stringent security measures. On February 21, the cryptocurrency world faced a grim … Read more
The US House passed a Bill to regulate cryptocurrencies with bipartisan support, despite SEC Chair Gensler’s concerns about risks. The Bill reclassifies cryptocurrencies as commodities, shifting oversight to the CFTC. Meanwhile, Donald Trump’s campaign embraces crypto donations to attract a young voter base. In a pivotal move, the US House of Representatives has passed a … Read more
The article examines Bitcoin’s recurring cycle influenced by halvening events, predicting significant price movements and highlighting the effect of geopolitical and economic changes. The author emphasizes caution amidst market volatility and the divergence between crypto institutions and regulated banks. This article discusses the repeating cycles of Bitcoin and the overall crypto market. The author, a … Read more
Bitcoin reserves on exchanges have hit a three-year low of 2.5 million BTC, indicating a possible supply shock that could lead to a price increase. Despite concerns over global trade wars, Bitcoin’s price remains resilient above $95,000, driven by strong institutional interest. However, stagnating ETF inflows pose risks, with traders watching for potential corrections below … Read more
Commerce Secretary Howard Lutnick promotes cryptocurrency within the Trump administration at a recent summit. His ties to Cantor Fitzgerald, a firm linked to controversial crypto ventures, complicate the ethical landscape. Experts voice concerns about potential conflicts of interest as the administration supports a new bitcoin reserve program. The implications for regular Americans versus existing investors … Read more
The White House Crypto Summit featured President Trump discussing plans to reform cryptocurrency regulations, including the end to “Operation Choke Point 2.0,” which restricts banks’ ability to offer crypto custody. The OCC confirmed banks can now manage crypto assets, while the government will hold tight to its Bitcoin reserves and explore acquiring more digital currencies. … Read more
The cryptocurrency market is experiencing fluctuations with Bitcoin stabilizing at $81,000, following events with Binance and Ripple that have focused investor attention on altcoins like PEPE and BNB. Bitcoin ETFs saw their first inflow in March after back-to-back outflows, attracting positive investor reactions. Meanwhile, Ethereum, XRP, and Cardano are facing losses, while politics intertwine intensively … Read more
Bitcoin’s recent drop below $100,000 has caused mixed market reactions. Analysts observe minimal panic selling among short-term holders, with $68 million in long positions liquidated. Attention turns to Monday price movements as potential indicators for the week, especially with the upcoming FOMC meeting, suggesting volatility ahead. Bitcoin (BTC) experienced a marked decrease, plummeting by 7.13% … Read more