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,…
Bitcoin ATM scams have surged dramatically in recent years, with Americans losing over $10 million per month to these fraudulent schemes in 2023 alone. According to a report from the Federal Trade Commission, fraud involving Bitcoin ATMs has increased tenfold between 2020 and 2023, costing U.S. residents $65 million in just the first half of…
Institutional giants BlackRock (NYSE:BLK) and Fidelity are doubling down on Bitcoin, sparking a heated discussion on Bitcoin investment safety. As these financial powerhouses enter the cryptocurrency space, concerns about the volatility of Bitcoin and its future role in the global financial system continue to grow. Rob Nelson, anchor of the Roundtable, recently hosted a conversation…
Wrapped Bitcoin, a popular tokenized version of Bitcoin on the Ethereum blockchain, has recently come under fire from various quarters of the crypto community. Critics have raised concerns about BitGo’s partnership with BiT Global, a Hong Kong-based crypto custodian partially owned by Tron’s Justin Sun. However, BitGo’s CEO, Mike Belshe, has pushed back against this…
Bitcoin’s recent market performance has been overshadowed by growing concerns about liquidity and the potential for large sell-offs by so-called “whales”—entities holding significant amounts of the cryptocurrency. As the month of August comes to a close, Bitcoin is trailing behind traditional assets, burdened by fears that governments and other major holders might begin offloading their…
The recent behavior of Bitcoin in the cryptocurrency market has sparked widespread debate, with its price retreating from all-time highs while altcoins experience even sharper declines. However, a closer examination of the underlying data presents a more nuanced view. Far from signaling market weakness, the current conditions might actually be setting the stage for Bitcoin’s…
A complex cryptocurrency scheme has led to a legal battle in British Columbia, leaving two men financially devastated. The case, centered around a loan of 22 bitcoins, has culminated in a B.C. Supreme Court judge ordering Daniel Tambosso to repay $1.2 million to Hung Nguyen. This ruling highlights the risks and legal complexities surrounding Bitcoin…
As U.S. technology companies race to expand their artificial intelligence and cloud computing data centers, they are increasingly targeting energy assets held by bitcoin miners. This AI data center expansion is driving a surge in U.S. power demand, the fastest since the turn of the millennium, which has led to fierce competition for electricity resources.…
Nasdaq, one of the world’s leading exchange operators, is seeking approval from the U.S. Securities and Exchange Commission to launch and trade options on a bitcoin index. This move is seen as a significant step toward the further integration of cryptocurrencies into mainstream financial markets. The proposed Bitcoin Index Options would provide institutional investors and…
Xapo Bank, in collaboration with Hilbert Capital, the asset management arm of Swedish investment firm Hilbert Group, is set to launch a Bitcoin-denominated hedge fund with an initial capital of $200 million. This strategic move, announced on Tuesday, reflects the growing institutional interest in cryptocurrency, particularly in structured investment products that go beyond mere exposure…