Losses from cryptocurrency scams in 2023 surged by 45% compared to the previous year, according to a recent report from the FBI. The total losses amounted to more than $5.6 billion, driven by scammers who exploited the speed and irreversibility of digital asset transactions. With the rise in popularity of cryptocurrencies like Bitcoin (BTC) and…
Chris Larsen, Co-Founder and Executive Chairman of Ripple Labs, has joined a group of 88 corporate leaders endorsing Vice President Kamala Harris for the 2024 U.S. presidential race. This move highlights potential divisions among industry leaders regarding political support, especially within the cryptocurrency sector. Larsen’s decision to back Harris contrasts with the more conservative leanings…
Nvidia Corp. (NASDAQ:NVDA), the leading manufacturer of artificial intelligence chips, has experienced a significant market shake-up in recent weeks. The Nvidia stock volatility has surged, wiping out more than $400 billion in market value, causing ripples across equity benchmarks and sparking investor concerns about the health of the broader U.S. economy. Once hailed as a…
Coinbase Global, Inc. (NASDAQ:COIN) has recently seen a positive shift in its outlook, despite ongoing market challenges. Barclays analyst Benjamin Budish upgraded the stock from “Underweight” to “Equal-Weight,” recognizing the company’s improved position in the rapidly evolving cryptocurrency space. The Coinbase crypto resilience is evident in its ability to adapt to changing regulations and maintain…
MicroStrategy Inc. (NASDAQ:MSTR) is positioning itself as a unique investment vehicle for public company investors seeking exposure to Bitcoin. The company’s strategy, which combines a robust software business with significant Bitcoin holdings, has earned it an “Overweight” rating from Barclays analyst Ramsey El-Assal. According to El-Assal, the MicroStrategy Bitcoin exposure is a standout feature that…
BCB Group, a leading payments processor connecting crypto firms to the banking system, has garnered acquisition interest from an investor, according to sources familiar with the matter. This interest emerged while the London-based company was in the process of exploring a Series B funding round. Although BCB Group is not formally up for sale, the…
Mastercard (NYSE:MA), a global leader in the payments industry, has partnered with Mercuryo to launch a groundbreaking euro-denominated crypto debit card. This Mastercard crypto debit card enables users to spend their cryptocurrency holdings at more than 100 million merchants across Europe, directly from their self-custodial wallets. As part of Mastercard’s broader strategy to integrate digital…
Robinhood Markets, Inc. (NASDAQ:HOOD) has agreed to pay a $3.9 million settlement to resolve claims related to its cryptocurrency platform. The California Department of Justice reached this decision after allegations that Robinhood’s crypto platform prevented customers from withdrawing their cryptocurrency assets between 2018 and 2022. This settlement underscores the growing scrutiny surrounding crypto platforms and…
How Telegram Crypto Adoption Is Transforming Web3 Access Through TON Telegram, the messaging app known for its commitment to free speech and openness, has found itself at the center of a significant shift in how people adopt cryptocurrencies. With over 950 million users, Telegram has evolved beyond its messaging platform roots, becoming a catalyst for…
The cryptocurrency market has been rocked by significant fluctuations, with Bitcoin ETF losses continuing to accumulate. On September 3, spot Bitcoin exchange-traded funds experienced their fifth consecutive day of outflows, totaling $287.8 million in negative flows. As the market grapples with sharp declines, Bitcoin ETFs now hold a total net asset value of $52.7 billion,…