The digital asset investment market experienced a significant setback last week, with a total of $305 million in outflows reported. This negative sentiment was observed across various providers and regions, indicating a widespread impact on the market. CoinShares has attributed this decline to stronger-than-expected economic data from the United States, which has caused a shift
Crypto
The past 24 hours have not been kind to Bitcoin as the cryptocurrency plummeted to a 2-week low of $57,100. This downward trend has also affected most altcoins, with popular tokens like TON, DOGE, and ADA experiencing a 2-4% drop in value. The recent price actions of Bitcoin have left investors feeling underwhelmed, especially after
A recent incident in London has brought to light the first case of a UK resident being charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, a 37-year-old resident of East Ham, was arrested following a raid by Kent Police at a gadget shop in Chatham. The outlet, Gadcet, was found to have
The payments industry has experienced significant growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a major issue plagues this sector – it still relies on outdated technology rails that are now 50 years old. This antiquated technology becomes increasingly inefficient as time passes, hindering the industry’s ability
Peter Diamandis, a renowned figure in the world of technology and innovation, recently posed a thought-provoking question to his substantial following on X. The responses he received shed light on the unwavering reliability of Bitcoin. One notable reply highlighted Bitcoin’s track record of consistently fulfilling its core function of processing transactions and maintaining the integrity
Crypto.com, a Singapore-based cryptocurrency exchange, has recently partnered with Standard Chartered, a leading multinational banking institution, to offer fiat services to retail users worldwide. This collaboration marks a significant milestone in Crypto.com’s global expansion plans, starting with the provision of banking and payment solutions to facilitate the deposits and withdrawals of USD, EUR, and AED
Recent findings by TRM Labs have shed light on a troubling trend within the cryptocurrency industry – illicit activity at crypto ATMs. The report highlights that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a significant portion occurring in 2023. Interestingly, the proportion of illicit transactions at crypto ATMs
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked a surge in the demand for bitcoin (BTC) in the United States. However, this increased interest seems to be confined mainly to BTC, as the overall demand growth in the cryptocurrency market remains at low levels. According to
The much-anticipated 2024 bitcoin bull run has hit a snag despite an early surge that broke the previous all-time high from 2021. The journey towards the $100,000 mark has been tumultuous, with Bitcoin struggling to maintain its momentum. The recent fourth halving event in April did not yield the expected results, and the cryptocurrency market
The recent charges brought by the U.S. Securities and Exchange Commission (SEC) against the Adams brothers shed light on the deceptive practices that are prevalent in the crypto space. The brothers, Jonathan and Tanner Adam, duped investors by falsely claiming to operate a crypto bot that would yield high monthly returns. Their promises of identifying
