Global Focus Financial News

Bitcoin (BTC), the leading cryptocurrency, experienced a significant decline to an intraday low of around $68,500. This downturn coincided with ‘Roaring Kitty’s’ YouTube livestream, which failed to invigorate the market. The drop was further influenced by a stronger-than-expected non-farm payroll report for May, adding 272,000 new jobs and strengthening the US dollar. This development dampened...

The British Columbia Securities Commission (BCSC) and Royal Canadian Mounted Police (RCMP) have issued a warning to ten B.C. residents over their alleged involvement in international crypto fraud schemes, the officials revealed in a press conference Monday. According to both the RCMP’s Integrated Marketing Enforcement Team (IMET) and the BCSC, officials hand-delivered the warnings on...

Bitcoin users are currently facing difficulties with high transaction fees as the blockchain becomes congested once more, although the cause may be different from what some might expect. Data from mempool.space, a platform that provides information on Bitcoin transactions, reveals that a medium-priority Bitcoin transaction now costs $34.08 to be processed promptly. Over 333,400 unconfirmed...

Bitcoin is currently trading at $69,300, showing a modest increase of less than 0.10%. However, a recent tweet from millionaire trader Zoran Kole (@Captain_Kole1) has stirred the market. Traders are closely monitoring these levels, as Kole’s prediction adds a layer of uncertainty to Bitcoin price prediction. Millionaire Trader Says BTC Will Fall to $40,000 Level...

The European law enforcement agency Europol issued a critical report on June 10, targeting Bitcoin miners and layer-2 blockchain solutions. The Europol Bitcoin mining stance dwells on the concern that mining operations could be used to conceal illegal proceeds, making them attractive to fraudsters and ransomware operators. In a comprehensive 40-page report on cryptographic encryption,...

21Shares bitcoin and ethereum exchange-traded notes (ETNs) listed on the London Stock Exchange (LSE) are attracting low volumes but this is in line with expectations, said a spokesperson from the firm. 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 ETN,...

UK-based cryptocurrency exchange Lykke abruptly ceased trading operations on June 10, following last week’s security breach that resulted in the loss of more than $22 million. The Lykke exchange confirmed the incident in an official statement on X, saying it had to suspend trading and withdrawals in a bid to mitigate further harm. Withdrawal Operations...