Tag: Investors

Crypto investors lost nearly $2b over 600+ incidents in 2023, data shows

Analysts at blockchain forensic firm PeckShield say the crypto industry witnessed over 600 hack incidents over the past year. In an X post on Jan. 29, PeckShield released an infographic highlighting the extensive scale of hacker attacks targeting the crypto sector in 2023. According to their data, crypto investors faced losses amounting to $2.6 billion due to illicit activities, with a recovery of nearly $675 million. PeckShield’s findings reveal that investors suffered losses of over $1.5 billion from hacks and an additional $1.1 billion from scam schemes, reflecting a 27.78%…

Bitcoin falls after ETF approval; investors turn to Chainlink and NuggetRush

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin demand dropping Crypto whales looking at Chainlink. NuggetRush presale draws investors Moments after the spot Bitcoin ETF was approved in the U.S., prices tanked. Meanwhile, Lookonchain data shows heightened whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). So far, over 161 million NUGX have been sold.  Bitcoin demand drops On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved several spot Bitcoin…

Satoshi VM tanks as SAVM investors consider Bitcoin Minetrix

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The Satoshi VM (SAVM) price is under pressure, falling 26%. The move comes following a week filled with controversy and accusations of foul play. Meanwhile, the new BTC mining project, Bitcoin Minetrix, is pushing ahead in its presale. With over $9.2 million of BTCMTX sold, investors appear to be actively seeking a solid SAVM alternative. SAVM drops by 20% A new feud between Ape Terminal and MacnBTC impacted SatoshiVM. Both parties allege that the other dumped allocations of SAVM, with Ape Terminal claiming MacnBTC dumped $10 million of the token.…

Bitcoin sent to ETF wallet to benefit fund investors

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Bitwise has publicly disclosed its Bitcoin ETF fund wallet, attracting unsolicited Bitcoin from ETF supporters. Bitwise, a prominent player in the field, became the first issuer of a spot Bitcoin ETF to reveal the wallet address for its fund publicly. Shortly after this disclosure, the wallet began to receive an array of unsolicited contributions. Unexpectedly, individuals began sending small quantities of Bitcoin to the wallet, with amounts such as 0.00042069 BTC. Additionally, the wallet received various BRC-20 tokens, Bitcoin domain names, and a collection of Bitcoin NFTs. The total value…

Matrixport predicts challenging Q1 for Bitcoin as GBTC investors keep capitalizing

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Singapore-based crypto asset management firm Matrixport says Q1 will be a challenging quarter for Bitcoin, although anticipates a positive outlook by the end of 2024. As Bitcoin (BTC) fell back to the $39,000 area, the largest cryptocurrency by market capitalization is likely to face a challenging quarter ahead, according to a recent report from Matrixport. Matrixport highlighted that institutional interest in a spot Bitcoin exchange-traded fund (ETF) was not as robust as initially anticipated. Additionally, investors in Grayscale‘s Bitcoin Trust are seemingly capitalizing on the price gains of GBTC, contributing…

Retail investors worry bitcoin will plunge below $20,000, bank survey says

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Crypto skeptics aren’t changing their tune just because they can now buy bitcoin exposure through an exchange traded fund, according to a Deutsche Bank survey. Since the launch of the ETFs on Jan. 11, bitcoin has fallen about 20% to roughly $39,000, according to FactSet. So far, institutions have been slow to adopt the new funds in portfolios and retail investors aren’t entirely convinced they need to, London-based Deutsche Bank analyst Marion Laboure said in a note Tuesday. The bank polled 2,000 consumers across the U.S., U.K. and Europe after…

Bitcoin dominance drops below 50%; 3 low-cap coins on investors’ radar

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin prices dipped below $41,200, and its dominance dropped below 50%. Velas and Astar are up by over 85% and 100%, respectively. Having sold over 159 million tokens, NuggetRush is now in its final presale round. Bitcoin’s dominance is now below 50%, indicating a shift in power dynamics. Amidst this shift, a group of low-capitalization altcoins, including NuggetRush (NUGX), Astar (ASTR), and Velas (VLX), are drawing investors. NuggetRush, a…

Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors

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XRP investors flocking to new cryptocurrency

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP drops 7% in one week Rebel Satoshi presale raises over $1.5 million. As altcoins like XRP fall, investors are exploring alternatives, including Rebel Satoshi (RBLZ), a meme coin. XRP drops 7% in a week XRP has been fluctuating between $0.5956 and $0.5487.  The recent decline from $0.6032 to $0.5622 could be due to profit-taking following the spot Bitcoin ETF-fueled rally. Analysts remain optimistic, forecasting that the coin will…