Bitcoin surpassed silver to become the 8th largest asset in the world, with a market capitalization of $1.752 trillion, edging out silver at $1.726 trillion. The cryptocurrency surged 9% to $88,570 in the last 24 hours, fueled by optimism around Donald Trump’s election win and expectations of a more crypto-friendly U.S. government. Apart from Silver, … Read more
KEY POINTS A recent report revealed that crypto ETF launches in Asia and the US helped drive the increase in traditional hedge funds’ exposure to crypto ‘The growing embrace of hedge funds is a major endorsement of the new asset class that can drive further adoption’: HAQQ Network’s Alex Malkov Asia is playing a major … Read more
Bitcoin experienced a significant drop, hitting a four-month low of $55,366 on Friday. The cryptocurrency faced its worst weekly performance in a year due to uncertainties surrounding Joe Biden’s potential continuation as the Democrats’ US presidential candidate and concerns about potential increases in crypto supply. On Friday, Bitcoin prices fell by 5 per cent, reaching … Read more
KEY POINTS Pink Drainer said it will ‘securely’ destroy all stored information The wallet drainer’s developer previously said western victims only got ‘caught in the crossfire’ Pink Drainer was used in thefts of some $53 million from 9,000 victims last year Pink Drainer, a digital wallet draining service that gained notoriety in the cryptocurrency sector … Read more
KEY POINTS Among the “common symptoms” of being in the said phase includes believing the bull market is over, he said Edwards said that gold went through a similar phase for 4 years, so a 6-month bear run for BTC is “reasonable” He went on to project that the symptoms will likely reach its peak … Read more
KEY POINTS Robinhood said crypto valuations helped drive its AUC growth in Q1 The company added that its transaction-based revenue growth was ‘primarily driven’ by crypto revenue Robinhood Crypto received a Wells Notice from the SEC earlier this week Financial services giant Robinhood on Wednesday reported its first quarter 2024 earnings, highlighting how its cryptocurrency … Read more
KEY POINTS World ID holders can now have their iris codes deleted, unverifying their information The crypto project also said age verification checks will now be held “in-person” Portugal was the latest country to raise concerns about the project’s biometric collection activities Crypto biometrics project Worldcoin announced two new updates Tuesday that the Sam Altman-backed … Read more
KEY POINTS Back noted that auto-rebalancing only puts the ETF in the face of higher risks in a volatile market MicroStrategy’s valuation is largely tied to its Bitcoin strategy that landed it a 214K BTC stash Kerrisdale Capital said late last month it was short on MSTR due to its potential overpricing Michael Saylor’s MicroStrategy … Read more
KEY POINTS The coalition has set up a website where crypto enthusiasts can learn more about the movement A Bitcoin emoji should help drive financial literacy, the coalition said Polygon, Chainalysis and CryptoQuant are among the initiative’s supporters A group of over 20 major cryptocurrency organizations have launched a “historic” campaign to push for an … Read more
KEY POINTS Judge Chhabria said there were ‘several fatal problems’ with the lawsuit He said it was ‘difficult’ to see the case being salvaged even with an amended filing Apple is faced with multiple antitrust complaints, including a recent sweeping DOJ lawsuit Apple has won a consumer lawsuit that accused the big tech giant of … Read more
