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Bitcoin Surpasses $50,000 with Strong ETF Inflows, Ethereum Gains Momentum

February 15, 2024 by Arnold Potts

Bitcoin’s price surged past $50,000 on Monday, reaching its highest level in over two years. This rally was supported by strong inflows into spot bitcoin exchange-traded funds (ETFs) and signs of institutional accumulation. Earlier in the day, Bitcoin was trading around $48,000 …

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Bitcoin Fails to Break Through $50,000 Resistance as Sellers Step In on Binance and Coinbase

February 15, 2024 by Arnold Potts

Bitcoin made a strong push towards the $50,000 mark on Monday, but ultimately fell short of breaking through that level, according to data from Indices. The cryptocurrency faced selling pressure on popular exchanges Binance and Coinbase, which resulted in a temporary halt …

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Bitcoin Breaks $50,000 Barrier in Bull Market Fueled by ETFs

February 15, 2024 by Arnold Potts

Bitcoin (BTC) has reached a significant milestone, breaking out above $50,000 for the first time in over two years. This marks a major turning point for the cryptocurrency, as it enters the Fear of Missing Out (FOMO) stage of the bull market …

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The Growing Threat of SIM Swap Fraud: Unveiling the FTX Hack Mystery

February 14, 2024 by Arnold Potts

Title: Growing Concerns Over SIM Swap Fraud Highlight Regulatory Challenges for Cryptocurrency Companies Introduction: The recent unsealing of an indictment by the Justice Department has shed light on the issue of SIM swap fraud, which has become a growing concern for both …

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FTX to Sell Custody Unit for $500k After Paying $10m Just Months Before Collapse

February 14, 2024 by Arnold Potts

FTX, the defunct cryptocurrency exchange owned by Sam Bankman-Fried, is planning to sell its subsidiary, Digital Custody Inc. (DCI), to CoinList for a significantly reduced price. The sale comes just months after FTX purchased DCI for $10 million in August 2022, before …

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Argentina Leads Latin America in Stablecoin Purchases Amid Economic Crisis

February 14, 2024 by Arnold Potts

Argentina, a country grappling with a severe economic crisis and a plunging peso, has emerged as the leader in stablecoin purchases and holdings in Latin America over the past six months, according to a report by Mexican-founded crypto exchange Bitso. The nation …

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Craig Wright Told by UK Court to Stop Making Irrelevant Allegations as COPA Trial Continues

February 13, 2024 by Arnold Potts

The second week of the highly anticipated trial to determine whether Australian computer scientist Craig Wright invented Bitcoin commenced on Monday in a U.K. high court. During his cross-examination, Wright continued to shift blame onto various individuals and entities for inconsistencies in …

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Is President Biden Suddenly a Bitcoin Supporter? Not Quite, but His Social Media Team is Playing with the Meme

February 13, 2024 by Arnold Potts

is using the imagery of hardcore Bitcoiners, specifically the laser eyes, on social media. It seems that this is a reference to the “Dark Brandon” meme that Democratic campaigners are trying to promote. The meme originated during a NASCAR race in October …

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Franklin Templeton Joins Ethereum ETF Race, Following BlackRock and Fidelity

February 13, 2024 by Arnold Potts

Franklin Templeton, a prominent asset manager, has applied for a spot Ethereum exchange-traded fund (ETF), according to a filing with the Securities and Exchange Commission (SEC). This move comes as several other major players in the financial industry, including BlackRock, Fidelity, Ark …

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Will the Expanded Definition of a Broker-Dealer Stifle the DeFi Industry?

February 12, 2024 by Arnold Potts

highlighting its intention to regulate the industry rather than completely stifle it. The concern arises from the lack of clarity in the rule-making process and the potential impact it may have on the decentralized finance (DeFi) industry. The recently passed rule by …

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