Bitcoin ATMs, once viewed as a convenient way to buy or sell cryptocurrency, are increasingly becoming prime targets for cybercriminals. The machines, often placed in gas stations and convenience stores across the United States, are susceptible to both digital and physical attacks, according to cybersecurity experts. A recent report from the Federal Trade Commission (FTC)...
In a stark reversal from previous weeks of inflows, US-listed spot Bitcoin exchange-traded funds (ETFs) experienced a substantial outflow of $287 million on September 3, leading to a price drop with Bitcoin trading around the $56,000 mark. This trend mirrors the recent performance of Ethereum-linked ETFs, which also saw consecutive days of outflows, with ETH...
The price of Bitcoin is facing significant downside risk as over $1.4 billion worth of options contracts are set to expire on August 16, potentially pushing the cryptocurrency below a critical support level of $56,000. With Bitcoin currently trading around $58,101, down 3.6% in the past 24 hours, the market is bracing for heightened volatility...
Mox, a virtual bank based in Hong Kong and a subsidiary of Standard Chartered, has become the first bank of its kind to offer direct trading of spot Bitcoin and Ether exchange-traded funds (ETFs) to its customers. Announced on August 7, Mox’s new service includes spot crypto ETF trading, with plans to expand its offerings...
Ethereum and Bitcoin are witnessing a significant drop in transaction fees, hitting multi-month lows despite sustained high network activity. This comes during one of the most challenging weeks for the broader crypto market in 2024, with Bitcoin falling below $63,000 and many altcoins suffering double-digit losses. Ethereum’s gas prices, the fees required for transactions on...
Germany has caused a significant stir in the cryptocurrency community by unloading over $54 million worth of Bitcoin in a single day. On June 25, the German Government’s (BKA) cryptocurrency wallet sold 900 BTC through three transactions, potentially putting downward pressure on Bitcoin’s price, which could drop below $60,000. The initial two transactions involved 200...
Bitcoin miners are increasingly turning to artificial intelligence (AI) for additional revenue streams. On Monday, Core Scientific signed a 12-year deal with cloud AI firm CoreWeave to host the company’s high-performance computing (HPC) operations. This partnership builds on a previous agreement from 2019 between Core Scientific and the Nvidia-backed AI company. Under this arrangement, the...
The recent approval of Spot Bitcoin ETFs has been described by Goldman Sachs as a significant psychological milestone for the digital asset market. According to Matthew McDermott, Goldman Sachs’ global head of crypto, this approval has revitalized the market, drawing considerable interest from institutional investors. The U.S. Securities and Exchange Commission’s (SEC) unexpected approval of...
Argentina’s National Securities Commission (CNV) is turning to El Salvador for insights on Bitcoin adoption. Over the weekend, CNV confirmed discussions with Salvadoran regulators, exploring how to integrate Bitcoin into Argentina’s financial system. In 2021, El Salvador made headlines by adopting Bitcoin as legal tender alongside the U.S. dollar. This move has positioned the nation...
US spot Bitcoin ETFs attracted a combined $303 million in net inflows on May 15, signaling growing institutional interest in Bitcoin. Leading this surge was Fidelity’s ETF, which secured $131 million in net inflows, according to SoSo Value data. Bitwise and Grayscale followed with $86.26 million and $27.05 million, respectively. Surprisingly, the iShares Bitcoin Trust...
