Indian cryptocurrency exchange WazirX is facing industry and customer heat for its “Withdrawal Management Programme: Opinion Poll” in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month. Source
On July 29, 2024, bitcoin continues its bullish trend, demonstrating significant strength across multiple time frames. As of today, bitcoin is trading at $69,456 with a 24-hour price range between $67,618 and $69,842. Key technical indicators suggest that bitcoin’s upward momentum is likely to persist. Bitcoin Bitcoin’s 1-hour chart indicates a steady uptrend with prices […] Original
The price of Bitcoin has gone up an impressive 20% in the last three weeks, which has once again drawn the attention of traders and investors. The solid price ascent has caused a big change in the market’s mood. Traders are feeling more hopeful than they have since the last couple of weeks. Related Reading The ratio of positive to negative comments about the top crypto asset has registered its highest point in more than a year, data provided by Santiment show. This is an indication of the renewed enthusiasm…
Donald Trump pledged to “never sell” the U.S. government’s seized bitcoin, in addition to announcing his intention to maintain a “strategic national bitcoin reserve,” in his speech at BTC 2024. “If we don’t do it, China will do it,” he said of embracing digital assets. Crypto is “the steel industry of 100 years ago, you’re just in your infancy,” he said. “One day it probably will overtake gold.” He added that Democrats keeping the White House would be a disaster for crypto. “If they win this election, every one of…
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information […] Original
We have issued a reprimand to the Electoral Commission after hackers gained access to servers that contained the personal information of approximately 40 million people. In August 2021, hackers successfully accessed the Electoral Commission’s Microsoft Exchange Server by impersonating a user account and exploiting known software vulnerabilities in the system that had not been secured. Until October 2022 – over a year later – the attackers had access to the personal information held on the Electoral Register, including names and home addresses. The servers were accessed on several occasions without…
US Republican Presidential candidate Donald Trump made his much-anticipated appearance at the Bitcoin 2024 conference in Nashville on July 27. Trump made several promises to the crypto voters in attendance, including what he would do to the US government’s Bitcoin holdings if elected. What Donald Trump Plans To With The US Bitcoin Holdings During the Bitcoin conference, Trump stated that if elected, his administration would implement a policy mandating the US government to keep “100%” of the Bitcoin it currently holds or acquires. Trump made this statement while remarking that…
CoinspeakerBitcoin Cash Soars 13% in 24 Hours, Outperforming Top 100 Cryptocurrencies Bitcoin Cash (BCH) has made headlines with a remarkable 13% increase in the past 24 hours, emerging as the top performer among the leading 100 cryptocurrencies on July 29. This surge brings BCH price to approximately $451, elevating its market cap to $8.75 billion and solidifying its position as the 16th largest cryptocurrency. Despite this recent growth, BCH is still about 88.3% below its all-time high of $3,785.8, achieved on December 20, 2017. Key Drivers Behind the Rally Several…
Asset management giant BlackRock has warned users of a surge in investment scams targeting its customer base for its spot Bitcoin and Ether exchange-traded funds product. In a July 29 X post, the New York-based asset manager advised users to stay cautious of scammers using its brand name to direct investors towards dubious “training or investments.” The company stressed that its executives don’t contact anyone via social media platforms like WhatsApp and Telegram, adding: “Please remain vigilant, and if you suspect fraudulent activity, do not proceed.” Scam tactics are evolving…
“These initial transactions and experiments with wholesale tokenized central bank money represent an important steppingstone to greater transparency and efficiency of financial markets with wider technology adoption,” the Slovenian government said. “While hardly material in financial markets at the moment in terms of value issued and/or traded, we expect the importance of the distributed ledger technology to grow significantly in the following years.” Source