Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant. The move signals a departure from the Central Bank of Kenya (CBK) and other government entities’ previously defiant stance on cryptocurrencies. Marathon...
While many market segments panic-sold their Bitcoin (BTC) this week, the digital currency’s largest whales seem to have bought the dip with size. Whales Buy The Bitcoin Dip According to data provided by CryptoQuant CEO Ki Young Ju, active Bitcoin whale addresses accumulated 47,000 BTC within 24 hours following Bitcoin’s slide this week below $57,000...
An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam on May 3, according to security firm Cyvers. 🚨ALERT🚨Are we mistaken, or has someone truly lost $68M worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1155 $WBTC. 😢 Victim:...
South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO. Per Business Post, Lee’s two-year term as Bithumb boss expires later this month. But industry figures believe he will be reappointed as the firm tries to fast-track its public offering plans. Trading volumes on...
On Saturday morning, Bitcoin continued to command attention, with a recent price uptick to $63,375. This week, the foremost digital currency has shown resilience, registering a modest 0.22% rise. Currently positioned above a critical pivot point of $61,650, Bitcoin’s trajectory seems poised for further exploration towards $70,000. With a trading volume of around $32.77 billion...
Only a small fraction of French crypto holders have declared their coins to the state, a report claimed – with the government set to take action. Per the French IT magazine Clubic, the Ministry of Public Action and Accounts and the nation’s tax bodies are preparing to act. They have been spurred into action after...
Bitcoin’s price shows a robust ascent, now trading at approximately $63,200, with recent highs of $64,446. This activity is part of a wider trend that has seen the global crypto market cap increase to $2.36 trillion, up over 7% over the last day. The uptick is influenced by the Federal Reserve’s decision, as indicated by...
US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay. Flood and Nickel emphasize the importance of explaining the perceived difference in treatment between options for Bitcoin futures ETFs, which...
Volta has raised $4.1 million in seed funding to develop a crypto platform for institutional investors. According to a press release shared with Cryptonews.com, the funding round was led by Fika Ventures and Haven Ventures. Other participants included Soma Capital, Dispersion Capital, and Uphonest Capital. Volta Circuit’s Comprehensive Features This investment aims to support the...
Telecommunications company Vodafone is taking steps to leverage SIM card technology in order to meet the expected surge in demand for crypto transactions on mobile phones. In an interview with Yahoo Finance Future Focus, David Palmer, Vodafone’s blockchain lead, revealed that the company is pushing to advance the use of blockchain technology on mobile devices for managing...