In a recent interview with Bloomberg Television, Michael Novogratz, CEO of Galaxy Digital, made a bold Bitcoin price prediction, suggesting that the cryptocurrency could soar to $100,000 by year-end. He bases this prediction on a swift anticipated rise to $73,000 in the coming weeks, driven by positive developments in the U.S. political landscape for digital...
Bitcoin (BTC/USD) is currently hovering around $71,000, marking a slight decrease of 1%. Despite this, the key pivot point at $70,600, indicated by the green line on the chart, is a crucial marker for traders eyeing a positive shift in crypto price predictions. With recent dynamics in U.S. economic data and record inflows into spot...
Juan Tacuri, 46, from Florida, a promoter in the global crypto Ponzi scheme known as Forcount pleaded guilty to conspiracy to commit wire fraud. In a statement, the U.S. Attorney’s Office, Southern District of New York described Tacuri as one of the scheme’s most successful promoters who reaped millions of dollars from his participation in...
Bitcoin (BTC) recently broke out of its recent $60,000 to $70,000 trading range and hit an intraday high of $71,671. However, it was unable to maintain its position above $71,000 and has lost some of its gains, falling to around $70,900. Nonetheless, it can still be considered bullish as it has broken out of its...
Bitcoin’s ongoing bull run may receive a significant boost as global liquidity reaches a new all-time high. According to a new analysis by Philip Swift, creator of the on-chain data platform LookIntoBitcoin, global liquidity has surged to a record $94 trillion, setting the stage for potential further upside in BTC prices. A New All-time High...
Akira Ransomware Singapore has become a clear and present danger to the cryptocurrency market in the Lion City. On June 8, Singaporean authorities warned local businesses about the rising threat of an Akira ransomware variant in the country. The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF), and the Personal Data Protection...
A South Korean court has jailed two people for crypto-powered drug trafficking, as the nation’s judiciary continues to crack down on Bitcoin and altcoin-fuelled crime. Per News1, the Namyangju Criminal Division of the Uijeongbu District Court found a man aged 31 and a woman aged 28 guilty of violating the Narcotics Control Act. Crypto-powered Drug...
Bitcoin, the world’s leading cryptocurrency by market capitalization, continues its upward momentum, trading around $71,300. This rally is driven by a significant influx into U.S. spot Bitcoin exchange-traded funds (ETFs), with a notable daily inflow of $886.75 million, contributing to over $1.2 billion in two days. Investor confidence is further bolstered by the anticipation of...
Nexus has secured $25 million in a Series A funding to develop verifiable computation through zero-knowledge cryptography. According to the latest announcement by the company, Nexus revealed that the funding round was co-led by Lightspeed Venture Partners and Pantera Capital. Other participants included Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund. Total Funding Reaches $27...
Newly listed bitcoin and ethereum exchange-traded notes (ETNs) listed on the London Stock Exchange (LSE), are failing to attract inflows due to the lack of institutional demand, according to crypto ETP providers. In May, 21Shares launched four new physically-backed crypto exchange-traded notes (ETNs) including the 21Shares Bitcoin ETN, 21Shares Ethereum Staking ETN, 21Shares Bitcoin Core...