This week, bitcoin (BTC) touched a price height of $64,000 before retracing its steps to a current price mark below $62,000. This price downtrend begs the question – will the leading crypto asset unlock new heights in the near term? A CryptoQuant analyst has shared research showing what could enable the leading crypto asset to […]
An 86-year-old former attorney, David Kagel, has been sentenced to five years of probation for organizing a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. The judgment, filed on October 8 in a Las Vegas federal court, also requires him to pay $14 million in restitution to his victims. $15M Crypto […]
Fidelity Investments – one of the world’s most prominent asset managers – has reported that a data breach in August affected the personal information of over 77,000 customers. The breach, which occurred between August 17 and August 19, 2024, allowed an unauthorized third party to gain access to two customer accounts. No Evidence of Data […]
A study titled “ETFs and Beyond,” released on Oct. 10 by investment giant Charles Schwab, revealed that almost half of the respondents said they plan to invest in crypto ETFs. The survey of 2,200 investors, which was fielded from July 2nd to July 20, revealed that 45% of ETF investors were interested in crypto products. However, […]
A recent cyberattack has led to an unsuspecting crypto investor reportedly losing 15,079 fwdETH, worth roughly $36 million. In the incident, described by security experts as a permit phishing scam, the bad actor tricked the user into unknowingly signing a malicious signature, which gave the thief full access to the individual’s funds. How it Happened […]
South Korea now recognizes cryptocurrency holdings as divisible assets during divorce proceedings. According to a leading law firm in the country, IPG Legal, cryptocurrencies like Bitcoin (BTC) can be included in the marital estate, allowing couples to divide them upon separation. Digital Assets Considered Property in South Korea In an October 10 blog post, lawyer […]
Around 18,800 Bitcoin options contracts will be expiring on Friday, Oct. 11, with a notional value of around $1.1 billion. Today’s options expiry is very similar to last week’s as implied volatility declines, and expiry events are now smaller. Therefore, it is unlikely to impact spot markets, which have been retreating this week. Bitcoin Options […]
Donald Trump’s crypto project, World Liberty Financial (WLF), has submitted a proposal to the Aave governance forum. The former president and his business partners plan to use the platform for their cryptocurrency offering. The submission aims to establish WLF’s services as an instance on Aave, with the protocol providing the necessary underlying infrastructure. In return, […]
On Oct. 10, crypto researcher ‘FreeSamourai’ told his X followers that around 7,000 ETH of the remaining 542,000 ETH from the PlusToken seizures was sent to exchanges. This indicates “intent to begin selling the remaining tokens,” they stated, but this remains to be seen, and no major selloff has occurred yet. The remaining stash of […]
Financial Services Commission Chairman Kim Byung-hwan said he would “look into it” regarding the market domination of the country’s leading crypto exchange Upbit. In a national assembly meeting, legislator Lee Kang-il raised issues about Upbit’s dominance and its close partnership with the local bank, K-Bank. The online banking firm holds a significant portion of Upbit’s […]