Bitcoin (BTC) continued its upward momentum, staying well-supported around the $69,703 level and reaching an intra-day high of $71,957 on Tuesday. This bullish trend is primarily driven by positive regulatory news concerning Ether exchange-traded funds (ETFs). The US SEC’s recent request for exchanges to update regulatory filings for Ether ETFs has sparked widespread optimism in...
Know-your-customer (KYC) solutions are becoming increasingly important for crypto companies, financial services firms, and institutions. Grand View Research found that the global KYC software market size was valued at $2.93 billion in 2021. The number is expected to expand at a compound annual growth rate (CAGR) of 20.8% over the next six years. Grand View...
Donald Trump has reportedly become the first presumptive Republican presidential nominee to accept cryptos for official campaign donations. The former US President on Tuesday, launched a crypto fundraising page for eligible donors to contribute using the Coinbase Commerce product. The move comes weeks after he declared as the candidate for cryptocurrency at Mar-a-Lago gala that...
Slovakian cybersecurity firm ESET and the Dutch police uncovered a major crypto theft linked to the notorious Ebury botnet last week. The botnet has compromised over 400,000 servers in the past 15 years, making it a major threat to the sector. ESET explained in a May 14 report that the Ebury botnet incident was first...
Bitcoin (BTC) has dipped below $70,000, falling to around $69,229 after reaching an intra-day low of $69,939. This decline is due to reduced investor demand amid uncertainty about a potential September Fed rate hike. Additionally, recent ETF flow data shows mixed sentiments, with a significant drop in net inflows to $15.7 million. Investors are cautious,...
U.S. prosecutors are pushing for a 5 – 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s (SBF) doomed crypto exchange, according to a sentencing memorandum filed late Tuesday. Salame, who previously requested a maximum sentence of 18 months in prison, pled guilty to a campaign...
Speculations regarding Bybit’s potential hack or insolvency sparked concerns within the crypto community, prompting CEO Ben Zhou personally to step in to refute these claims on May 23. Amid a flurry of social media rumors questioning Bybit’s solvency and security, Zhou, one of the prominent cryptocurrency exchanges, provided reassurance about the exchange’s financial stability and...
Two crypto-supportive senators urged the Justice Department (DOJ) on Monday to reconsider its recent enforcement action against a popular Bitcoin privacy service. Senator Cynthia Lummis (R-WY) publicly shared a letter arguing that the DOJ’s “unprecedented interpretation” of what constitutes an unlicensed “money services business” (MSB) contradicts both Treasury Department guidance and the intent of Congress....
President Joe Biden has issued an order blocking MineOne, a majority Chinese-backed crypto mining firm from owning land near a strategic nuclear missile base in Wyoming due to security concerns. In an announcement, the White House said there is credible evidence that MineOne Partners Limited, a British Virgin Islands company is majority-owned by Chinese nationals....
The number of new Runes etched on Bitcoin daily has experienced a drastic decline, falling below 250 for the past six days. The drop is particularly notable, with only 157 Runes etched on Monday, marking a staggering 99% decrease from the peak witnessed in late April, according to a Dune Analytics dashboard created by RUNES.IS. The...