Tag Archives: social

Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome before eventually claiming the target. According to the popular on-chain intelligence platform Intotheblock, Bitcoin is eyeing the $50,000 mark...

The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of certain provisions. According to a press release, crypto criminals face jail terms of more than a year or a fine equal to three to five times the stolen amount. Depending on the weight of the offense, individuals who make illegal profits of more than five billion won ($3.8 million)...

CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic reach. Bitcoin Mining Facility Acquisitions In a recent press release, CleanSpark revealed its agreements to...

On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated. The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark had a big flow day on Friday. “Bitwise’s BITB on price appreciation alone is around $830 million right now,” he said before adding, “They’re probably relatively close...

Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs in the United States. ETFs Behind BTC’s Upcoming Rally? Ever since the entire crypto community and a bigger part of the traditional financial world started realizing...

According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites. Notably, most of these thefts occurred on the Ethereum mainnet, with Arbitrum, BNB, Optimism, and Polygon closely behind. Crypto Phishing Attacks Surged in January In a recent Feb. 9 thread on X, Scam Sniffer highlighted a concerning trend observed in January, noting a surge in phishing attacks coinciding with heightened activity within...

Bitcoin continues its weekly run, and it jumped to a new monthly peak at $48,600 hours ago. The altcoins have also turned green one more time, and the total market cap has reclaimed the coveted $1.8 trillion level. BTC’s Run Continues The primary cryptocurrency was trading sideways for much of the previous ten days. The asset had calmed after last week’s volatility and remained in a tight range at around $43,000 until Wednesday evening. This is when the bulls gained control...

To crack down on fraudulent activities and safeguard consumer interests, the Federal Communications Commission (FCC) has officially prohibited using artificial intelligence-generated voices in unwarranted robocalls across the United States. This move follows an incident where New Hampshire residents received fabricated voice messages mimicking U.S. President Joe Biden, advising against participation in the state’s primary election. FCC Extends TCPA Protections The ban,...

Phishing attacks have wreaked havoc in the crypto industry. In a recent move to combat cyber fraud, the National Fraud Intelligence Bureau (NFIB) in the United Kingdom announced the blocking of 43 web domains associated with fraudulent activities. Spearheaded by the City of London Police, this crackdown follows the discovery of a spoof email address masquerading as the legitimate crypto site blockchain.com. 43 Suspicious Web Domains Blocked According to Pete O’Doherty, the...

The U.S. Treasury Department has reported that despite the growing trend of illicit actors turning to cryptocurrencies for money laundering and financing, cold hard cash remains their preferred tool. In its 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, the Treasury shed light on the various threats, vulnerabilities, and risks associated with illicit finance within the United States. Digital Assets Threat on the Rise...