Category Archive: Cryptocurrency, No picture
US authorities identify and charge Russian mastermind behind LockBit ransomware group
The US Department of Justice (DOJ) has identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang and is offering a $10 million reward for information leading to his arrest.In a 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted, and oversaw the LockBit software, recruiting “affiliates” […]
Standard Chartered predicts Bitcoin boost from Trump re-election
The prospect of Donald Trump returning to office after the US presidential election in November could be a positive catalyst for Bitcoin’s value, said Standard Chartered in a report on Tuesday. The bank suggests a Trump election victory could lead to a more crypto-friendly regulatory landscape. “We think that a second Trump administration would be […]
Crypto products experience $1 billion in total outflows over four weeks
Crypto products registered outflows for the fourth consecutive week, totaling over $1 billion in the period, according to asset management firm CoinShares. Despite the start of spot Bitcoin and Ethereum exchange-traded funds (ETFs) trading in Hong Kong, Bitcoin ETFs saw $156 million in outflows globally last week.James Butterfill, head of research at CoinShares, suggests that […]
Binance CEO calls for release of detained officer in Nigeria
Richard Teng, CEO of Binance, has publicly asserted that Tigran Gambaryan, the exchange’s compliance officer detained in Nigeria, is “innocent and must be released.”Gambaryan, a US citizen overseeing financial crime compliance at Binance, and Nadeem Anjarwalla, the exchange’s regional manager for Africa were detained on February 26 in Abuja, Nigeria’s capital city. The detention was […]
Bitcoin ETF snapshot: Grayscale Bitcoin Trust records new gains, Fidelity leads daily Bitcoin ETF inflows
In Monday’s trading session, Grayscale’s spot Bitcoin exchange-traded fund, Grayscale Bitcoin Trust (GBTC), saw $3.9 million in net inflows, according to data from Farside Investors. Leading the charge, Fidelity’s Wise Origin Bitcoin Fund (FBTC) reported substantial inflows of around $99 million, surpassing BlackRock’s iShares Bitcoin Trust (IBIT), which saw inflows of around $21.5 million.Spot Bitcoin […]
Bitcoin booed at Ohio State University commencement ceremony
During the Ohio State University 2024 Spring Commencement, Christopher Pan, the founder of MyIntent, an online jewelry retailer, gave financial advice to the graduating class, including his thoughts on Bitcoin. However, his remarks were met with boos from the crowd, indicating a degree of disapproval towards BTC.In his speech, Pan turned his attention to Bitcoin […]
Shiba Inu’s layer 3 blockchain set to power up blockchain real-world utility: Cypher Capital Chairman
Despite a shaky 2022 and a challenging 2023, Shiba Inu remains dedicated to its vision of building a comprehensive crypto ecosystem.Following the development of its metaverse and layer 2 chain, Shiba Inu is now ramping up efforts for its new privacy-centric layer 3 blockchain. Last month, the project team announced that it successfully raised $12 […]
US Congressman calls SEC Chair Gary Gensler “rogue regulator”
John Rose, US Representative serving Tennessee’s Sixth Congressional District, is strongly critical of the US Securities and Exchange Commission’s (SEC) action against Robinhood. The Congressman called the SEC and its Chair, Gary Gensler “rogue regulators” in a recent post on X.According to him, the federal agency went beyond its intended role of protecting investors and […]
Kenya taps US Bitcoin mining giant Marathon Digital for crypto regime and mining consultation
Kenya’s President William Ruto has appointed Marathon Digital, a prominent US Bitcoin mining firm, to provide consultancy services on the nation’s crypto policies and the energy requirements associated with crypto mining, according to Kenyan Wall Street, a local digital-first media house that focuses on business and finance.With this appointment, Marathon Digital and Kenya’s National Treasury […]
More liquidity: stablecoin market cap grows $4 billion despite Bitcoin’s pullback
Despite the recent corrections in crypto prices, over $4 billion in stablecoins entered the market in the last 30 days, according to data aggregator Artemis. Bitcoin (BTC) closed April nearing a 15% pullback and fell below the $57,000 price level but this didn’t keep investors away.The total market cap of stablecoins jumped from $157 billion […]
