Key Points Sophisticated Fraud: QZ Asset Management, led by CEO Blake Yeung, deceived investors with promises of high returns using AI technology. False Credibility: The firm fabricated relationships with reputable banks and legal institutions to appear legitimate. Public Market Deception: QZ Global falsely claimed plans to list on Nasdaq, attracting more investors. Final Collapse: The …
At a Glance Kamala Harris’s Rise: Her increasing political prominence is linked to a bearish sentiment for Bitcoin. Bitcoin’s Decline: Bitcoin’s value dropped by 3% following Harris’s nomination, dipping below $50,000. Trump’s Crypto Support: Trump’s pro-Bitcoin stance has garnered solid financial backing from the crypto community. Harris’s Crypto Strategy: Harris’s campaign includes advisors with crypto …
The Intersection of Politics and Bitcoin: A Shaky Alliance Read More »
Quick Look: Bitcoin Halving Cycle: Critical to Bitcoin’s economic model, it reduces mining rewards every four years, promoting long-term price stability. Institutional Interest: Bitcoin ETFs enable large-scale investors to enter the market, potentially driving future price increases. Historical Performance: Post-halving periods have shown significant price gains; patience may be vital to realizing benefits. Ethereum and …
Quick Look: Cryptocurrency Strategy: Russia leverages cryptocurrency to counteract Western sanctions, significantly altering its financial landscape. Sanctions Impact: Russia’s exclusion from the SWIFT banking system has severely hampered its global trade capabilities. Regulatory Moves: A new bill aims to regulate crypto mining, with large-scale operations needing government approval and oversight. Digital Rouble Introduction: The Russian …
Russia Turns to Cryptocurrency to Evade Sanctions Read More »
Quick Look: Ether ETFs launched with over $1 billion in trading volume and $106.7 million in net inflows. Ether ETFs’ trading volume was about 20% of Bitcoin ETFs’ $4.5 billion debut, highlighting a strong but comparatively more minor start. BlackRock iShares Ethereum Trust ETF led with $266.5 million inflows, followed by Bitwise’s Ethereum ETF with …
Quick Look: Market Confidence: Analysts note increased market confidence in Trump’s support for cryptocurrency, particularly Bitcoin mining in the U.S. Bitcoin Surge: Bitcoin rose 9% to $63,790, and mining stocks gained about 10% after a failed assassination attempt on Trump. Alleviated Selling Pressure: Bitcoin prices benefited from reduced selling pressure as the German government liquidated …
Quick Look: The CFTC secured a summary judgment against Sam Ikkurty for a Ponzi scheme involving crypto hedge funds, defrauding investors of $83.7 million. Ikkurty falsely promised stable returns on “Proof-of-Stake tokens” but invested in highly volatile OHM and KLIMA, causing a 99% loss by January 2022. Judge Rowland’s ruling classified OHM and KLIMA as …
Quick Look: Bitcoin ETFs saw a $295 million net inflow on July 8, 2024, led by BlackRock’s iShares Bitcoin Trust ETF. The last significant inflow was on June 5, exceeding $488 million, indicating strong investor confidence. Germany transferred 26,200 BTC ($1.5 billion), raising market impact questions but showing strategic asset handling. The potential $8.5 billion …
Bitcoin ETFs Surge with $295M Inflows Despite Market Jitters Read More »
Quick Look: Germany’s Bitcoin Holdings: It holds 29,286 Bitcoins worth $2.2 billion and pending 39,826 Bitcoins valued at $2.2 billion. Seizure Highlight: Confiscated 49,857 Bitcoins from Movie2k.to, dormant since 2013. Market Impact: Germany’s recent Bitcoin sales contributed to a 20% decline in Bitcoin’s price over four weeks. Justin Sun’s Offer: Proposed to buy Bitcoin off-market …
Germany’s Bitcoin Holdings: $2.2 Billion and Counting Read More »
Quick Overview Federal Reserve’s Cautious Shift: Inflation easing but still above the 2% target, requiring careful policy balance. Robust US Economic Activity: Continued expansion driven by consumer spending, investments, and labour market recovery. 2024 Growth Outlook: Expected slower growth indicates economic stabilisation post-rapid recovery. Impact of Declining Inflation: Positive for risk assets and Bitcoin, enhancing …
Short-Term Crypto Price Trends in Inflationary Times Read More »
Quick Look: The Illinois District Court ruled in favour of the CFTC against Sam Ikkurty and Ravishankar Avadhanam for a Crypto Ponzi scheme. Ikkurty promised 15% annual returns, attracting over $44 million from 170+ victims through deceptive platforms. Ikkurty must pay $120.6 million in penalties and lose personal Bitcoin holdings to a hack. The case …
CFTC Wins $120.6M Case Against Crypto Fraudsters Read More »
Quick Look: Bitcoin dropped below $58,000 on Coinbase for the first time in two months, causing social media buzz; Fear of a $9 billion Bitcoin offload by Mt. Gox is unsettling the market, potentially paving the way for a future rebound; The Crypto Fear and Greed Index indicates a cautious market mood, with a score …
Bitcoin Dips Below $58K on Coinbase, Lowest in 2 Months Read More »
Quick Look: Bitcoin fell 1.35% in 24 hours and 9.2% over the past month, 16% below its all-time high. The LTH inflation rate of 1.9 indicates increased confidence among long-term holders. There’s significant on-chain activity due to Mt. Gox’s upcoming $9 billion Bitcoin repayment, underlining the urgency and importance of the situation. The renowned cryptocurrency …
Quick Look: Crossover Markets raised $12M, led by Illuminate Financial and DRW Venture Capital. Mark Beeston from Illuminate Financial joins the board, adding strategic vision. The ECN platform reported $3.15 billion in trading volume in Q1, known for speed and efficiency. The balanced fee model charges one basis point to makers and takers, attracting diverse …
Quick Look: Approval of Bitcoin ETFs in January 2024 has led to significant institutional accumulation, reshaping market dynamics. May 2024 saw $2 billion in digital asset fund inflows, primarily driven by BTC investments. Bitcoin’s price fell to $65,487 in June 2024, influenced by ETF net outflows and broader market shifts. Bitcoin exchange reserves have reached …
Bitcoin Exchange Reserves at 3-Year Low in June 2024 Read More »
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