Crypto losses due to deepfake crypto scams are set to exceed $25 billion in 2024, more than doubling last year’s losses, according to Bitget. In a June 27th Bitget report, the crypto exchange noted a 245% increase in the number of deep fakes worldwide in 2024, drawing from earlier Sumsub research data. Countries such as...
On the downside, immediate support is positioned at $60,620, with further support at $59,670 and $58,630, marking critical levels for potential declines. The Relative Strength Index (RSI) at 45 indicates neutral market conditions, while the 50-day Exponential Moving Average (EMA) at $61,960 provides a key resistance level. The technical outlook suggests that Bitcoin remains bearish...
The United States Supreme Court dealt the Securities and Exchange Commission (SEC) a massive blow regarding securities law enforcement Thursday in a new ruling that sees the federal regulator stripped of its controversial appointment of in-house judges during fraud proceedings. Supreme Court Votes To Change SEC Legal Proceedings In Fraud Cases In a 6-3 vote,...
ETFGI, an independent research firm, reports crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) listed globally saw inflows of $2.2 billion during May. This brings year-to-date net inflows to a total of $44.50 billion. This time last year inflows were at a total of $135.57 million, reports ETFGI in its May 2024 ETF and ETP...
The second quarter of this year saw quite a significant shift: centralized finance (CeFi) was the main target of successful exploits – with 70% of the total losses. This is according to the latest report by the major bug bounty and security services platform Immunefi. Meanwhile, decentralized finance (DeFi) recorded 30% of the total losses....
The US government, on Wednesday, sent seized 3,940 Bitcoins to a Coinbase prime wallet, according to blockchain data firm Arkham Intelligence. The data revealed that the Bitcoins were assets seized from Banmeet Singh, a convicted drug trafficker, who pled guilty of money laundering, early this year. The Bitcoins transferred are worth $241 million at press...
On June 25th, the TON Foundation introduced Adsgram, a new advertising platform for Telegram designed to help developers generate revenue from their mini-apps. This initiative allows developers to integrate ads directly into their applications and earn Toncoin (TON), creating new income opportunities within the TON ecosystem. Developers on Telegram Can Now Earn From Toncoin Through...
Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced positive net inflows for the second consecutive day. On Wednesday, spot Bitcoin ETFs reported $21.52 million in net inflows, continuing a positive streak that began on Tuesday. According to data from SoSoValue, the largest net inflows of the day came from Fidelity’s FBTC, which...
A Satoshi era bitcoin wallet address, dormant for 14 years, reportedly transferred 50 BTC (approximately $3.05 million) to the Binance exchange on June 27. The wallet is believed to belong to a Bitcoin miner who likely earned the 50 BTC as mining rewards in 2010. Mystery Surrounds Satoshi Era Bitcoin Wallet Transfer On-chain analytics firm...
Staunch anti-crypto candidate Jamaal Bowman, a representative for New York’s 16th congressional district, lost his state’s primary election Tuesday night to Westchester County executive George Latimer amid growing political tensions over digital assets. Jamaal Bowman Loses To George Latimer In NY Primary Election Official results showed that 58% of voters in the district supported Latimer,...