Month: March 2023

Fidelity Digital Assets Expands ‘Fidelity Crypto’ to Public amid Banking Crisis

Fidelity Digital Assets expanded its crypto service to the public amid the collapse of Silvergate and Signature Bank. After Fidelity Digital Assets announced an early waitlist for crypto trading in November 2022, Fidelity Crypto is now accessible to the public. The asset manager quietly opened access to the new offering, allowing users to trade Bitcoin and Ether. With millions of users globally, commission-free trading has begun via Fidelity Crypto, according to the digital assets management company. People familiar with the matter revealed that the complete launch of the crypto trading services rolled out over…

Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Crypto acted as safe haven amid SVB and Signature bank run: Cathie Wood

boss

Amid all the chaos around multiple bank runs in the United States, Cathie Wood, CEO of asset management firm ARK Invest, said cryptocurrencies acted as a safe haven amid the ongoing banking crisis in the United States. She blamed the recent downfall of the likes of Silicon Valley Bank (SVB), Signature and others on the Fed’s policy failure. Cryptocurrency prices shot up in double digits, with Bitcoin (BTC) and Ether (ETH) touching new multimonth highs amid the U.S. banking crisis. In a Twitter thread on March 16, Wood criticized the Federal…

Founder of Crypto Exchange Bitzlato Denies US Charges – Exchanges Bitcoin News

boss

The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder Legkodymov Appears in US Court Anatoly Legkodymov, one of the founders and majority owner of the Russia-linked crypto exchange Bitzlato, has made his first appearance in New York federal court on Tuesday, the Law360 portal reported. He has been ordered held without bail over allegations…

Euler hacker seemingly taking their chances, sends funds to crypto mixer

boss

The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s identity. Blockchain analytics firm PeckShield tweeted on March 16 that the exploiter behind the flash loan attack on the Ethereum noncustodial lending protocol was “on the move.” The exploiter transferred 1,000 Ether (ETH), approximately $1.65 million, through sanctioned crypto mixer Tornado Cash. #PeckShieldAlert @eulerfinance exploiter on the move~1,000 $ETH into Tornado Cash through intermediary address 0xc66d…c9ahttps://t.co/LAkY66YpoF pic.twitter.com/0XhQV1nbgn…

FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022 – Featured Bitcoin News

boss

The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, based on data from its Internet Crime Complaint Center (IC3). The FBI also warned the public of “a spike in cryptocurrency investment schemes.” FBI’s Crypto Crime Statistics The Federal Bureau of Investigation (FBI) published its 2022 Internet Crime Report last week. The report is compiled using data from the agency’s Internet Crime Complaint Center (IC3) which “serves as a public resource to submit reports of cyberattacks and incidents,”…