In a recent report released by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has skyrocketed by 95% to 172,300. This surge in wealth comes at a time when the crypto market has experienced significant growth, with its total value increasing to $2.3 trillion, marking
Crypto
In the past month, the cryptocurrency industry has been hit with a series of high-profile hacks resulting in losses totaling over $313 million. These hacks have highlighted the vulnerabilities present in the crypto space, with over 10 different incidents contributing to the staggering amount lost. The most significant losses, accounting for 93.5% of the total
Last week, digital asset investment products experienced outflows totaling $305 million, signaling a widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States, which has subsequently decreased the likelihood of a 50-basis point interest rate reduction. As a result, the asset manager
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a grim picture for miners, showing their worst month in nearly a year in terms of revenue generation. The figures reveal that BTC mining activities secured a mere $827 million in August, marking a significant 10% decrease from the previous month’s earnings of $927.35 million.
In the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This recent slump comes after a period of highs just a week ago, when the asset climbed to over $65,100, charting a multi-week peak. However, Bitcoin failed to maintain its momentum, gradually losing value
Authorities in the UK have taken a stern stance against individuals operating Bitcoin ATMs without proper registration. One such case involves Habibur Rahman, a 37-year-old resident of Langdon Crescent, East Ham, who was recently charged with this offense. Following a raid by Kent Police at a gadget shop in Chatham, Rahman was arrested on April
The payments industry has witnessed tremendous growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a significant issue plagues the industry – the reliance on outdated technology rails that are over 50 years old. As time goes on, these outdated systems become increasingly inefficient, posing challenges for both
Bitcoin, the renowned cryptocurrency, has garnered immense attention and speculation over the years. With its inception dating back 15 years, Bitcoin has stood the test of time, consistently executing new blocks of transactions every ten minutes without fail. The robustness of Bitcoin’s blockchain technology has proven to be highly secure, as it has never been
In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has joined forces with Standard Chartered, a multinational banking giant, to provide fiat services to retail users on a global scale. This partnership aims to revolutionize the way users interact with cryptocurrencies by offering seamless banking and payment solutions. Initially, the new fiat services provided by
Recent research conducted by TRM Labs has uncovered a troubling trend in the world of cryptocurrency ATMs. The data shows that the level of illicit activity at these ATMs is significantly higher than in the broader crypto industry. This has raised concerns among law enforcement agencies and regulators worldwide, who are now turning to blockchain
