The FBI’s Internet Crime Complaint Center disclosed in its 2023 report that Americans were swindled out of $5.6 billion due to cryptocurrency fraud, marking a 45% increase from the previous year. Crypto-related issues constituted 10% of all complaints but nearly half of the total financial losses reported. In 2023, the FBI fielded 69,000 complaints about […]
U.S.-listed spot bitcoin ETFs experienced a notable shift, recording $28.7 million in net inflows on Monday, breaking a record streak of outflows totaling $1.2 billion. This marked the first day of positive inflows in September, a month historically viewed as bearish for bitcoin. The recent outflows had reduced the total net inflows since the ETFs’ […]
Bitcoin has seen a remarkable surge in trading volume in 2024, outstripping the highs of the 2021 bull market by 20%. This growth, recorded at $2.874 trillion on centralized exchanges in just the first eight months of the year, eclipses the $2.424 trillion from 2021, marking a historic achievement for Bitcoin’s market dynamics. Factors Driving […]
Financial expert and best-selling author Suze Orman, also known for hosting the “Women & Money” podcast, recently highlighted the importance of Bitcoin in a conversation with CNBC, where she once worked and hosted her popular show from 2002 to 2016. Orman diverged from many of her peers by advocating for investment in Bitcoin, suggesting it […]
Bitcoin faces a new week amid potential shifts, clinging to crucial support levels as anticipated economic data looms large. 1) BTC price losses echo standard “Rektember” Despite avoiding significant losses at the week’s close, Bitcoin’s value remains tentative, trading near $55,000 as bulls aim for higher ground. Analysts like Caleb Franzen suggest that maintaining above […]
Over a span of eight days, the United States’ 12 registered Bitcoin ETFs experienced a total net outflow of $1.2 billion, according to Bloomberg’s latest data. Between August 30 and September 6, these outflows mark the longest stretch of net withdrawals since the ETFs were initially offered in January. During the early days of September, […]
Bitcoin might drop below the critical $50,000 mark this coming weekend, as noted by Arthur Hayes, the former CEO of crypto exchange BitMEX. In a recent post, Hayes expressed concerns about Bitcoin’s current momentum: “BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I […]
Crypto market confidence has plunged, hitting its lowest point in over a month, sparking discussions of an imminent Bitcoin price downturn beneath the $50,000 mark possibly by this weekend. The Crypto Fear & Greed Index, which evaluates the overall mood in the cryptocurrency environment, dipped to 22, a level not observed since early August. Axel […]
Changpeng “CZ” Zhao, soon to be released from a U.S. prison, may face a permanent ban from managing or operating Binance, according to a plea deal with prosecutors. A report from Axios on September 5 revealed that Binance CEO Richard Teng stated CZ received a lifetime ban from managing the exchange, contrary to earlier reports […]
U.S. presidential candidate and former President Donald Trump recently expressed his support for the cryptocurrency industry and proposed Elon Musk to lead a new government task force. During a speech at the Economic Club of New York on September 5, Trump emphasized his commitment to embracing the digital asset sector. He pledged to cut ten […]