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Showing posts with the label crypto

Spanish police say crypto’s complicated following ‘crypto-jihadist’ arrest

Spanish police have claimed that investigating crypto is difficult after arresting a “crypto-jihadist” in Barcelona suspected of owning various crypto addresses linked to terrorist networks funding ISIS. According to Spain ’s Ministry of Interior (MoI), the man was operating various crypto addresses linked to three international terrorist financing networks that fund DAESH — the Arabic acronym for ISIS .  The ministry stated that the use of crypto as a financing tool “promoted by fully specialized crypto-jihadists severely complicate the investigations of the security services.” The MoI also emphasized the importance of international cooperation, calling it “ one of the most decisive instruments to be able to neutralize these networks .” According to the ministry, the ISIS network and its “large economic movements” meant that authorities needed to work closely with the French DGSI, the American FBI, the Swedish SÄPO, and Europol. Hamas victims from the US sue Iran, S...

Spot Bitcoin ETFs Achieve $4 Billion AUM Milestone in First 7 Days

In a noteworthy development within the cryptocurrency sphere, nine recently introduced spot Bitcoin exchange-traded funds (ETFs) have collectively garnered more than $4 billion worth of Bitcoin in just seven days of trading. The total assets under management (AUM) for these ETFs now exceed 100,000 BTC, equivalent to approximately $4 billion, excluding the Bitcoin Trust (GBTC) fund, which has been converted by Grayscale. Key Players The prominent nine ETFs driving this surge in Bitcoin holdings encompass BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC), and WisdomTree (BTCW). BlackRock’s spot Bitcoin ETF (IBIT) takes the lead, boasting 40,213 BTC in holdings, followed closely by Fidelity’s FBTC with 34,152 BTC, according to data from K33 Research. January 23 The new ETFs took seven trading days to amass BTC holdings of more than 100,000 BTC. BlackRock needed 7 trading days t...

How crypto becomes a big player in the 2024 presidential elections

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Crypto is an important theme in the 2024 presidential race, influencing political funding and voter priorities. The influence and importance of crypto in U.S. elections have gained momentum in recent years, marking a new era in political funding and voter priorities. For the 2024 presidential elections, crypto is not just a fringe issue but one of the central themes in the political discourse. This trend is reflected in both the Democratic and Republican parties, where candidates have been actively advocating for crypto-related regulations and policies. President Biden signed an executive order to create a regulatory framework for digital assets, illustrating the bipartisan interest in the crypto market. Public interest in the crypto sector has surged, too, influenced by economic factors like inflation. A survey by Grayscale found that 73% of voters believe that presidential candidates should possess a well-informed viewpoint on new technologies like AI and crypto. 46% of voters a...

Shiba Inu Price Prediction For Christmas Day

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As the festive season approaches, individuals interested in crypto currency investments are directing their focus toward potential opportunities in the crypto market. Shiba Inu (SHIB) has emerged as a notable choice among contenders for seasonal profits, offering a unique blend of popularity, volatility, and potential returns. Changelly, a reputable platform, has conducted a comprehensive Analysis of market conditions to forecast the price of Shiba Inu on Christmas day. These algorithms, specifically designed to navigate the dynamic crypto market landscape, anticipate a 10% decrease from the current asset price. It is positioning SHIB at $0.000008396 on Christmas Eve. Subsequently, on Christmas day, SHIB is projected to be traded at $0.000008894. It reflects a 4% decline from its present value. Source Also Read: Shiba Inu: Here’s How High SHIB’s Price Can Reach In 2024 Shiba Inu Leads in Meme Coin Social Activity Recent findings from Crypto Dep, reveal that SHIB has secu...

Shiba Inu’s Timeline for $0.00010 and $0.00022 Revealed

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The crypto currency market began the week with considerable volatility. Shiba Inu (SHIB), a well-known meme coin, was not exempt from these fluctuations. Presently valued at $0.00000958 and showing no significant declines in the past 24 hours. Shiba Inu has demonstrated resilience against recent bearish trends. With a recent 5% uptick in the last couple of days and an impressive 18% surge over the past 14 days, SHIB’s recent performance stands out, particularly in the context of the broader market influenced by a Bitcoin rally. Breaking Trends for Shiba Inu In a noteworthy development, the meme coin has successfully broken a four-month-long bearish trend in just a week. This further signaled renewed positive momentum. As SHIB captures the attention of both traders and enthusiasts, Changelly, a leading crypto currency exchange, has released a report examining the potential future trajectory of SHIB’s price. Anticipated Timeline for $0.00010 and $0.00022 The report...

Defi lenders and crypto bridges lead exploits in 2023

A report from IntoTheBlock showed that defi hacks are on course to post the lowest losses seen in two years despite over $1.7 billion stolen in November alone. Data from the blockchain analytics provider indicated that defi lending protocols and cryptocurrency bridges were the top targets for hackers looking to siphon user funds.  2/ Though it may not feel like it, the amount lost to exploit s in DeFi has been trending down 2023 is on track to having the least amount of funds lost (~$1B) since 2020 pic.twitter.com/8fu0L7Hdqu — Lucas (@LucasOutumuro) December 13, 2023 While lenders suffered 34 attacks and lost $1.3 billion to theft, exploit ers pilfered nearly double that amount over 10 incidents, according to Lucas Outumuro, head of research at IntoTheBlock. The researcher further classified defi exploit s into two risk vectors, namely economic and technical.  There is a greater number of technical exploit s, but the funds lost due to economic factors are much larger...

FTX: SBF Earns Dubious Title of "Worst Witness" Amid High-Stakes Trial

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Once-lauded moments in Sam Bankman-Fried’s history have faded into the background as his legal battles took an unforeseen turn in a widely watched trial. SBF, the co-founder of FTX and a prominent figure in the cryptocurrency sector became embroiled in controversy, leading his attorney, David Mills, to openly express frustration and disappointment, labeling him the most challenging witness he has encountered. Former Glory and a Downfall Up until 2022, SBF reveled in a luxurious lifestyle, managing his business from a mansion in the Bahamas and accumulating a substantial net worth of $22.5 billion. Comparisons to the renowned investor Warren Buffett were not uncommon in the media. However, the onset of legal challenges thrust his once illustrious career into the spotlight, overshadowing his prior success. Mills’ Displeasure with SBF’s Cross-Examination David Mills, the legal strategist behind SBF’s defense, recently detailed the hurdles he confronted while re...

Shiba Inu [SHIB] Mid-December Price Prediction

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The Shiba Inu digital currency has been gaining prominence in the realm of digital assets, attracting interest from both investors and traders. In the most recent update, the price of Shiba Inu has undergone a slight increase of 1.91% within the last 24 hours. It reached $0.000009799. Additionally, the meme coin has witnessed a substantial surge of 19.08% over the past week. This is further coupled with a monthly rise of 17.38%. This positive trend has propelled SHIB ahead of established crypto currencies in the global rankings by market capitalization. The recent upward movement in Shiba Inu’s price marks a noteworthy achievement for the dynamic SHIB community. It signifies a growing interest in the token. Investors and crypto currency enthusiasts worldwide are closely monitoring Shiba Inu as the community diligently works to enhance the crypto currency. This further hints at a potential bullish period soon. Here are our price predictions for Shiba Inu throughout December. Shi...

Binance launches the world’s first crypto triparty deal

Binance introduces a pioneering triparty agreement with a banking partner, offering a secure solution for institutional investors to manage counterparty risks in the crypto market. Binance has successfully executed the world’s first cryptocurrency triparty arrangement with a banking partner, although the specific banking partner was unidentified. This significant development offers a first-in-crypto solution that mirrors traditional financial frameworks, specifically designed to cater to the needs of institutional investors. The triparty agreement allows institutional investors to store their trading collateral off-exchange, under the custody of a third-party banking partner. This innovative solution directly addresses the primary concern of counterparty risk, which is prevalent among institutional investors in the crypto currency market.  #Binance has executed the industry's first Triparty agreement, where institutional investors' collateral is held off-exchan...

Inflows into crypto investment products hit 9-week high of $346M

Crypto investment products hit 9-week high of inflows. Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products. Ethereum saw $34 million of inflows amid a turnaround in sentiment. Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares. The report highlights last week’s inflows into crypto exchange-traded products as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted.  According to the Analysis , crypto products are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US. Bitcoin ETPs record $312 million in inflows As total crypto ETPs inflows hit $346 million, the...

Elon Musk praised by crypto pros following advertiser exodus from X

X owner Elon Musk received a show of support from crypto professionals, despite a storm of criticism and advertiser departures from his social platform after the world’s richest person made what critics perceived as an anti-Semitic comment.  In a Nov. 18 post, Tamara Haasen, who presides over InputOutput, the engineering and research company behind Cardano (ADA), described Musk as an “effective” leader, a “great operator” and someone clear on what battles to fight. I love how effective Elon is as a leader. He’s a great operator, no bullshit, is clear on what battles are worth fighting. https://t.co/awckb526xM — tamara haasen (@TamaraHaasen) November 18, 2023 Haseen’s post was in response to an earlier post by Musk stating X will be filing a “thermonuclear lawsuit” against Media Matters, a liberal advocacy group. Media Matters recently claimed X, formerly known as Twitter, was taking insufficient action against misinformation, particularly concerning the Israel-Hamas...

RealOpen launches platform for buying real estate using crypto

RealOpen is live, offering a new solution for buying real estate with crypto. In an exclusive press release shared with crypto.news, the project’s creators said the platform solves major problems for crypto owners looking to buy a home—sidestepping public exchange fees and withdrawal limits, flattening large trade slippage, and eliminating the struggle to find crypto-friendly sellers. This launch, observers note, may present an opportunity for crypto owners keen on venturing into real estate. The real estate sector, despite the evolution over the years, still ranks as one of the most solid investments, given the association of property ownership with financial security. A new horizon for real estate investment RealOpen allows crypto holders to invest in real estate globally without being restricted to crypto -friendly sellers or the tedious conversion through public exchanges. Clients are free to pick up opportunities in Abu Dhabi, California, the U.K. and more—the platform has...

Top Cryptocurrencies To Watch This Weekend

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Cryptocurrency markets are witnessing substantial gains as investors positively react to the latest economic data, notably the U.S. Consumer Price Index and Producer Price Index. Bitcoin, alongside various altcoins, has experienced a noticeable increase in prices, indicating a renewed sense of confidence among market participants. As we approach the weekend, let’s delve deeper into some of the top cryptocurrencies to watch with notable activity in the market. Bitcoin, the original cryptocurrency, has swiftly bounced back from its weekly low, surging by $3,000 within a few hours, challenging the $38,000 resistance level once again. Altcoins, including Ethereum and Binance Coin, have also turned bullish in response to the overall positive market sentiment. Ethereum has successfully reclaimed the $2,000 mark, displaying a robust recovery, while Binance Coin has surpassed the $250 threshold. These developments suggest that alternative top crypto currencies are gaining traction and ...

This cryptocurrency has tripled its market cap in 2 months

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During a favorable phase for most cryptocurrencies, 0x (ZRX) emerged as one of the standout performers, albeit less conspicuously. Amidst its bullish trend, both its market capitalization and value saw a significant multiplication. In recent months , 0x’s market capitalization experienced remarkable growth, soaring by +238% in two months and, notably, almost doubling (+89%) in a mere two-day span. This surge in value coincided with a significant uptick in large-scale ZRX transactions, reaching a peak not seen in 1.5 years.  Additionally, older coins, which had been dormant, re-entered circulation. This activity was highlighted by Santiment , a blockchain and cryptocurrency behavior analysis platform, in a post on November 12. ZRX value and market cap increase. Source: Santiment This multiple-fold increase over the two-month period has brought the market cap of 0x to $479.97 million.  Cryptocurrency Over 60,000 Bitcoin millionaires emerge in 2023, 3...

Bybit Card adds new user bonus amid Binance crypto card closure in EU

European residents can now opt for a Bybit Card for their crypto -to-fiat conversion following the launch of a new incentive scheme. The program incorporates three welcome bonuses tailored for new users signing up for a Bybit Card. This Bybit Mastercard announcement coincided with Binance discontinuing its Visa card services for EU residents within the same week. Competition for crypto debit cards is heating up  Competition among debit card issuers has a long history, extending back decades. In the crypto era, the importance of virtual and physical cards to digital asset investors has increased significantly.  These cards, displaying the logos of Visa or Mastercard and their issuing companies, play a critical role in facilitating the movement of funds in and out of the crypto market, serving as conduits for converting to fiat currency and spending crypto in the real world. You might also like: Coin Cloud security breach exposes thousands of user data The Bybit ...

Top 10 cryptocurrencies by GitHub development activity last 30 days

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With the crypto currency market experiencing a gain in value for many of its assets in the previous 30 days, their blockchain development teams are as busy as ever, with some recording notably more activity than others. Monitoring developer activity on GitHub can provide valuable insights into a particular project. Developers’ time and skills are precious resources. When many invest their efforts in a project, it signifies their confidence in its success, active feature development , and, most importantly, its legitimacy. In this manner, Santiment , a blockchain and crypto behavior analysis platform, shared a list of its top 10 asset performers by development activity on GitHub, a coding and collaboration service and web interface for programmers, in an X post on November 7. Consistent leaders Most notably, Cardano (ADA) led the way with 502.57 developer activities in the past month, jointly followed by Polkadot (DOT) and its canary network Kusama (KSM), which both had 484...