Crypto | Ethereum | Bitcoin

2024-02-02 11:15:21 Hamas victims file class action against Binance over allegedly facilitating terrorism financing

Families of Hamas victims have filed a lawsuit against the cryptocurrency exchange Binance in a federal court in Manhattan, alleging that the platform indirectly facilitated financial transactions for Hamas, Bloomberg News reported Feb. 1. The plaintiffs are seeking compensatory and punitive damages in an effort to hold the exchange accountable.

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2024-02-01 20:35:29 Bitcoin’s steady stand: 146 days of trading between $40k and $45k

Bitcoin’s price rally from October 2023, which saw it soar from $25,000 to $49,000 in January 2024, witnessed the digital asset hitting the $40,000 mark for the first time since April 2022 on Dec. 4. From then on, it steadily consolidated above $40,000 for 49 consecutive days. However, it lost the $40,000 support level on Jan. 22. Bitcoin’s trading price currently hovers around $42,000.

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2024-02-01 10:00:20 Google allows spot Bitcoin ETF ads; BlackRock, VanEck among sponsored links

Google has begun to permit advertisements featuring U.S. spot cryptocurrency exchange-traded funds (ETFs) as of Jan. 29. Third-party reports indicate that some asset managers have already begun to advertise their ETFs with Google. One X post from WatcherGuru shows that BlackRock and VanEck spot Bitcoin ETFs now appear as sponsored links in Google search results.

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2024-01-31 20:47:00 Bitcoin heads for fifth consecutive monthly green candle amid rollercoaster market conditions

This month was a rollercoaster ride for the digital asset, with peaks touching $49,000 and troughs sinking to roughly $38,500. The volatility was stoked by the eagerly anticipated launch of the spot Bitcoin ETFs, which initially spurred a sell-off but eventually bolstered recovery. The period from September to December 2023 also recorded green monthly closes for Bitcoin, which saw Bitcoin shoot up from $25,000 to $45,000 in anticipation of the ETF.

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2024-01-31 11:49:59 BlackRock and Fidelity spot bitcoin ETFs close in on Grayscale in daily trading volume

After several days in a row of dominance, it appeared for a time on Tuesday that BlackRock and Fidelity spot bitcoin ETFs might surpass Grayscale's fund in terms of daily volume for the first time since the products began trading more than two weeks ago. Grayscale's fund, a conversion rather than a brand new product, has shed billions of dollars after starting with more than $25 billion in assets under management.

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2024-01-30 21:15:00 Circle will launch USDC on the Celo network

Circle, issuer of the stablecoins including USDC and EURC, will launch its USD-pegged stablecoin on Celo , the Layer 1 that's transitioning into an Ethereum Layer 2 scaling network. In addition to natively launching the token, an imminent governance vote will determine if USDC will act as Celo's official gas currency.

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2024-01-30 09:50:00 9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion

Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024.

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2024-01-29 20:29:01 Crypto investors lost nearly $2b over 600+ incidents in 2023, data shows

In an X post on Jan. 29, PeckShield released an infographic highlighting the extensive scale of hacker attacks targeting the crypto sector in 2023. According to their data, crypto investors faced losses amounting to $2.6 billion due to illicit activities, with a recovery of nearly $675 million. PeckShield’s findings reveal that investors suffered losses of over $1.5 billion from hacks and an additional $1.1 billion from scam schemes, reflecting a 27.78% decrease compared to 2022.

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2024-01-29 10:10:12 Vanguard Says No to Bitcoin ETFs — Views Crypto as 'Immature Asset Class' With 'No Inherent Economic Value'

Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.”.

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2024-01-28 21:52:02 Crypto Hacking Losses Halved in 2023

Funds stolen by hackers from cryptocurrency platforms fell by over 50% in 2023 compared to the previous year. However, the number of individual hacking incidents rose, indicating that hacking remains a significant threat for crypto investors. In 2022, hackers stole a record $3.7 billion from crypto platforms. But, according to a new report from the blockchain analytics firm Chainalysis, in 2023, that figure dropped to around $1.7 billion, representing a decrease of 54%.

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