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Bitcoin ETFs Lose $211 Million as Ethereum Funds See Modest Outflows
6.9.2024
Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720. $211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K On Sept. 5, bitcoin and ethereum ETFs both took...
India reconsiders foreign crypto exchange registrations: Report
6.9.2024
India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws
Casey and Rocktoshi’s Controversy Heats Up as More Instances Surfaces
6.9.2024
In an attempt to resolve the controversy with Rocktoshi, Casey has made what could be considered as the…
Daily Crypto Update: Market Enters Extreme Fear after Constant Dips
6.9.2024
After a constant struggle, the crypto market has now entered a state of extreme fear. The Fear &…
Libertarian Javier Milei: ‘Only Entrepreneurs Can Create Wealth’
6.9.2024
The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated that while a president can create conditions that...
Environmental Impact of Cryptocurrency Mining: Challenges and Solutions
6.9.2024
Cryptocurrency mining has surged in popularity as digital currencies like Bitcoin and Ethereum have gained traction. While mining plays a […]
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Bitfarms Hits Back at Riot Platforms’ Alleged Misleading Claims
6.9.2024
Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit....
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
6.9.2024
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older...
India’s FIU Considers Approving More Offshore Crypto Exchanges
6.9.2024
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction...
Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General
6.9.2024
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered...
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
6.9.2024
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached...
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
6.9.2024
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements...
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
5.9.2024
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno...
Binance CEO says CZ is banned from managing or operating the exchange
5.9.2024
A plea deal filed in November 2023 asked prosecutors to consider that Changpeng Zhao was prohibited from “any present or future involvement in operating or managing” Binance
A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records
5.9.2024
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite...
Vitalik Buterin: Bullish on Google sign-in, bearish on duels to the death
5.9.2024
Buterin says prediction markets are better for settling beef, but Elon Musk says he’s packing historical heat.
Bitcoin Miner Iris Energy Increases Mining Output by 10%
5.9.2024
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining...
Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses
5.9.2024
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs...
Mastercard Unveils Crypto-Euro Debit Card with Mercuryo!
5.9.2024
Mastercard and Mercuryo, two well-established payment networking companies, have come together to work in unison and have announced…
Robinhood Fined $3.9 Million Over Crypto Withdrawal Restrictions in California
5.9.2024
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against...