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2024-05-03 10:10:14 JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets

JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold.

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2024-05-02 19:31:36 Former PayPal President David Marcus says Bitcoin is “going to be the native currency of AI”

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2024-05-02 09:55:14 Bitcoin's Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says

The founder of Bitcoin layer-2 protocol Rootstock has detailed plans for a new "BitVMX" project designed to improve the oldest blockchain's programmability by keying off developer Robin Linus's much-discussed "BitVM" design unveiled last year. "We have a roadmap to finish this in one year" and "we are moving forward at full speed," Lerner said during the presentation.

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2024-05-01 21:59:58 Crypto scams hit historic low in April, plummeting 68%

Crypto-related exploits and scams plummeted 68% in April compared to the previous month, reaching a historic low of $25.7 million, according to blockchain security firm CertiK. A breakdown of the incidents showed that the bulk of the losses, totaling $21 million, stemmed from exploits targeting blockchain protocols. Additionally, users suffered losses of $4.3 million due to exit scams and rug pulls orchestrated by malicious founders, with flash loans contributing a nominal $129,000 to the overall figure.

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2024-05-01 08:44:59 Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison

Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more than twice the recommended guideline for the relevant charges. A separate report from Fortune noted that Zhao will pay a $50 million personal fine, allowing him to keep most of his $43 billion in personal wealth. Zhao will be the wealthiest individual in the US prison system, according to the report.

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2024-04-30 21:44:58 US Bitcoin ETFs record fourth consecutive trading day of outflows

According to the latest data from Farside Investors, April 29 saw an outflow of $51.6 million from US Bitcoin ETFs, marking the fourth consecutive trading day of outflows. While this figure does not represent the lowest outflow during this period, it highlights the prevailing market sentiment. Grayscale’s GBTC product witnessed an outflow of $24.7 million, the lowest since April 10, bringing its total outflows to $17,209.3 billion.

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2024-04-30 08:35:22 Bitcoin testnet griefing attack generates three years worth of blocks in one week, frustrating developers

A griefing attack on the Bitcoin testnet network disrupted its normal functioning. A griefing attack is when someone intentionally spams transactions on a network, increasing its workload and throwing off its usual operations. Griefing attacks often frustrates other network users, as it's harder to run applications on top of the system, while not financially benefiting the attacker.

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2024-04-29 18:50:29 Tether, USDC and DAI transaction volume surpasses Visa's 2023 monthly average: Nansen

Crypto's three largest stablecoins — Tether , USDC and DAI — have seen higher volumes in the past 30 days than Visa’s average monthly total from last year, according to onchain specialist Nansen. Nansen data showed that the largest stablecoin by market capitalization, Tether, processed $654 billion in the past 30 days, while DAI managed over $394 billion of flows and USDC saw $321 billion in trading volume.

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2024-04-29 07:40:19 FBI Warns Against Using Unregistered Cryptocurrency Money Transmitting Services

The Federal Bureau of Investigation (FBI) has issued a warning about using unregistered cryptocurrency money transmitting services that fail to comply with U.S. anti-money laundering laws. The agency has provided tips for the public to protect themselves, advising them to avoid providers that do not require Know Your Customer (KYC) information.

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2024-04-28 08:35:17 Bitcoiner and author of the book Broken Money explains that in the long term, Bitcoin is correlated to measures of global liquidity rather than U.S. stocks

“I view Bitcoin as not only a good performing asset, but one that is tied to global liquidity and is not necessarily correlated to other portfolio assets.”

- Lyn Alden

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