Tag Archives: AA News

Custodia Bank CEO Caitlin Long claims there’s a “hidden risk” surrounding a handful of Bitcoin ETFs eyeing imminent launch in the United States, following BlackRock’s recently updated S-1 filing. According to the founder, sponsors may attempt to generate more profit from their funds using securities lending, which “can pose a lot of hidden risk to investors.” The Threat Of Securities Lending Long’s concerns swelled in response to an apparent race to the bottom on management...

Bitcoin (BTC) just reclaimed $47,000 for the first time since March 2022, shortly after multiple Bitcoin ETF applicants filed finalized updates for their S-1 forms with the Securities and Exchange Commission (SEC). As of Monday, Bitcoin is up 6.63% on the day, and over 10% since January 1. It trades for $47,130 at writing time. Over $136 million in shorts on crypto trades have been liquidated in the past 24 hours, according to Coinglass. That includes 124,000 traders, on...

Peculiar occurrences have unfolded just one week into 2024. In a bizarre turn of events within the crypto industry, an anonymous wallet spent 1.5 BTC to inscribe encrypted data onto the Bitcoin blockchain. Through 332 transactions, the wallet exhausted BTC equivalent to $66,000 at current market prices, embedding nearly 9 megabytes of encrypted data into the blockchain. Is this just a coincidental burst of activity, or is there a deeper motive at play? With the anticipation...

Argo Blockchain’s Nasdaq-listed shares (ARBK) experienced an 8.38% decline after the departure of its interim CEO and COO, Seif El-Bakly. According to data from the stock exchange, the drop saw the shares plummet to $3.50, significantly reducing the firm’s market capitalization to $183.7 million. Argo Blockchain Announces El-Bakly’s Departure According to the January 8 Operation Update report, El-Bakly, who had been at the helm of the company since February 2023 after the...

Matrixport has issued a warning predicting a 7% decline for Bitcoin in the next two weeks, citing that “one of its trading signals” has turned bearish for the first time since August 2023. This cautionary outlook from Matrixport follows previous statements by the company’s analysts, who anticipate that the U.S. Securities and Exchange Commission (SEC) will reject all spot Bitcoin (BTC) exchange-traded funds (ETFs) in January. Matrixport Issues Price Drop Warning In a blog...

While Bitcoin continued to break records throughout 2023, the kiosks providing the option to acquire cryptocurrencies using cash or debit cards have been on a decline. According to Coin ATM Radar, the total count of crypto ATMs worldwide has dwindled from 37,827 on January 1, 2023, to 33,628 on January 1, 2024, marking a noticeable decrease in just one year. Uncharacteristic Downturn in Bitcoin ATM Installation For a decade, the number of installed Bitcoin ATMs exhibited an...

The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher than those observed in 2022, marking a substantial rebound for the asset class. The majority of this recovery occurred in the final quarter,...

Nevada has emerged as the leader in the United States for interest in spot Bitcoin ETFs (Exchange-Traded Funds), surpassing traditional financial hubs like New York and California. This insight comes from a recent study by CoinGecko, which used Google Trends data to analyze global and domestic interest in cryptocurrency investment vehicles from January 2019 to January 2024. Nevada Emerges as the Top US State The study points out that the United States, ranking within the top...

As phishing scammers continue to evolve and employ more sophisticated tactics to evade security measures, a relatively new form of malware associated with crypto has experienced considerable “success” in the past year. Dubbed, “Wallet Drainers,” Scam Sniffer’s discoveries regarding this new malware demand the complete attention of the industry. Crypto Malware Wars: 2023 According to a recent report by Scam Sniffer, these malicious programs are deployed on phishing websites to...

Several crypto exchanges are taking steps to adhere to recently imposed regulations by the UK government. These regulations require crypto entities to inform users about the risks associated with trading digital assets and to promote their services responsibly. These measures have been implemented as part of the Financial Services and Markets Act in the UK, which has expanded its scope to include firms dealing with crypto and stablecoins, subjecting them to the same...