The rise of cryptocurrency has opened new avenues for investment and innovation, but it has also attracted criminals seeking to exploit the system for personal gain. A stark illustration of this darker facet is the case of Chirag Tomar, a 31-year-old Indian national who was recently sentenced to five years in federal prison for perpetrating
Crypto
On October 16th, BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), witnessed an impressive net inflow of approximately $393.40 million. This remarkable increase marks the highest inflow for the fund since mid-July, when it received $526.7 million in new investments. Overall, the total net inflow for spot Bitcoin ETFs amounted to $458.54 million on
Ukraine and Russia have climbed significant ranks in the global cryptocurrency economy, placing 6th and 7th respectively on the Global Crypto Adoption Index this year. According to a recent report by Chainalysis, these nations are not merely participants; they are emerging powerhouses within the sector, experiencing substantial growth in the face of geopolitical adversity and
The recent debate between Elizabeth Warren, the long-serving senator from Massachusetts known for her skeptical stance on cryptocurrency, and John Deaton, an attorney and pro-crypto advocate, has stirred significant discourse in political and financial circles. The event spotlighted the stark contrast between their visions for digital assets and their implications for the broader American economy.
The downfall of the cryptocurrency exchange FTX has emerged as one of the most high-profile financial scandals in recent memory, impacting countless investors and shaking the foundation of the crypto industry. The downfall primarily stemmed from mismanagement, deceptive practices, and a series of questionable transactions that led to a devastating collapse. At the heart of
As Bitcoin (BTC) surges past the $60,000 mark, market participants are exhibiting increasingly bullish behavior, as reflected in the Fear and Greed Index. The index, created to gauge the emotional landscape of investors in the cryptocurrency arena, is currently indicating a strong sentiment leaning towards greed, signifying that traders are feeling optimistic about Bitcoin’s prospects.
Recent revelations from the United States Federal Election Commission (FEC) have shed light on significant financial donations made by prominent venture capitalists in support of Donald Trump’s political aspirations. Notable figures Marc Andreessen and Ben Horowitz have each pledged an impressive $2.5 million to the super PAC known as Right For America. This alignment with
The current landscape of digital assets in the United States is one of uncertainty and contention, with figures like U.S. Vice President Kamala Harris stepping into the fray. Harris recently made headlines by asserting her commitment to developing digital asset policies that specifically support crypto investors, with a notable focus on Black men. This promise
Elon Musk’s Tesla has recently drawn attention from the cryptocurrency community due to the movement of nearly all of its Bitcoin holdings, totaling approximately 11,500 BTC valued at around $760 million. This shift, as reported by Arkham Intelligence, consisted of 26 separate transactions that took place on October 15, moving funds to various wallet addresses.
In a significant move that could reshape the cryptocurrency investment landscape, Grayscale Investments has formally approached the U.S. Securities and Exchange Commission (SEC) to transition its mixed-crypto fund into an exchange-traded fund (ETF). This filing comes in tandem with Canary Capital’s initiative to establish a spot Litecoin ETF, signaling an accelerating trend towards formalized investment
