In a remarkable display of growth, Bitget has recently announced that its native wallet has expanded to over 40 million users. This impressive statistic, indicating growth exceeding 100% since March 2024, places Bitget in a formidable position within the cryptocurrency sector. The platform’s rapid rise has pushed it closer to Binance, a longstanding leader in
Crypto
The cryptocurrency space is abuzz with excitement as Bitcoin (BTC), the leading digital currency, recently hit the remarkable price of $69,000, a level not seen since late July. This surge has been the fruit of consistent market momentum, especially following a brief dip that saw Bitcoin drop below the $59,000 mark. Now, as it navigates
Last week marked a significant transformation in the landscape of digital asset investments, particularly for spot Bitcoin exchange-traded funds (ETFs). These financial instruments received an astonishing influx of capital, surpassing $2 billion in net inflows, making it the most prosperous trading week since mid-March. The sheer volume of investments signifies a growing confidence in Bitcoin
In recent years, India has witnessed a surge in financial scams, often fueled by the rapid advancement of digital technologies and the increasing use of cryptocurrencies. Cybercriminals are becoming more sophisticated, employing various tactics to defraud unsuspecting victims. The collaboration between Binance and the Delhi Police to dismantle a scam orchestrated by “M/s Goldcoat Solar”
Earlier this year, a significant event occurred that shook the cryptocurrency community: an erroneous tweet suggested that the Securities and Exchange Commission (SEC) had approved the long-awaited spot Bitcoin exchange-traded funds (ETFs). The excitement generated by this announcement was palpable, causing Bitcoin’s price to skyrocket by $1,000 almost instantaneously. However, the enthusiasm was short-lived, as
Bitcoin’s price behavior has steadied over the weekend, remaining comfortably above the $68,000 mark. Unlike the previous week’s erratic movements, the leading cryptocurrency showcases a pattern of resilience. Following a notable drop below $59,000 on Thursday, Bitcoin bounced back to around $62,000, signaling a strong buying response. The past week was marked by significant fluctuations,
In a striking example of how technology can be weaponized for deceit, the Hong Kong Police Force (HKPF) recently dismantled a sophisticated cross-border fraud ring that exploited deep fake technology to perpetrate multi-million dollar scams. This operation, which reportedly defrauded victims of around $46 million, unfolded in a chilling manner that highlights the intersection of
In the realm of blockchain finance, stablecoins like Tether’s USDT and Circle’s USDC have anchored themselves as key players, steadily expanding their market dominance. These fiat-backed cryptocurrencies have carved a significant niche for themselves, primarily due to their ability to provide stability and ease of transaction in an otherwise volatile market. Collectively, these stablecoin giants
The blockchain industry has experienced unprecedented growth recently, and the latest “State of Crypto” report from venture capital firm Andreessen Horowitz (a16z) highlights significant milestones. As we analyze this report, we can see how various factors, including user engagement, the burgeoning world of stablecoins, and political implications, are shaping the current landscape of digital currencies
On October 15, 2024, Juan Tacuri, a pivotal figure behind the notorious cryptocurrency Ponzi scheme known as Forcount, received a substantial prison sentence of 20 years in federal custody. He was also granted one year of supervised release upon completing his prison term. The court’s decision included additional penalties such as the forfeiture of a
