Tag Archives: social

Although most weekends tend to go relatively quiet for the volatile cryptocurrency industry, this one saw a more impressive price surge for BTC and several assets. This resulted in tapping a new 19-month peak for the primary digital asset and millions of dollars liquidated, mostly for short positions. As CryptoPotato reported earlier today, BTC had soared to a multi-month peak at $39,000 on Friday evening for the first time in over a year and a half. The asset failed to...

The largest US-based crypto exchange experienced a threefold increase in law enforcement requests in the current year compared to 2020, as revealed in its latest transparency report. The total number of requests during the reporting period amounted to 13,079, marking approximately a 6% rise from the previous year. Notably, the United States maintained its position as the leading country in both 2022 and 2023, with a slight uptick in the number of requests in 2023. Coinbase...

The crypto market has just witnessed its worst month in 2023 in terms of exploits, with criminals carting away assets worth hundreds of millions of dollars through various attacks. Blockchain security firm CertiK revealed in a tweet that bad actors stole approximately $363 million across more than 14 incidents. #CertiKStatsAlert🚨 Combining all the incidents in November we’ve confirmed ~$363M lost to exploits, hacks and scams This makes November the most damaging month this...

Bitcoin initiated another impressive leg-up in the past 24 hours that resulted in charting a new 19-month peak at $39,000. Most altcoins followed suit, with SOL defending the $60 level, ETH remaining above $2,100, and ADA nearing $0.4. BTC Tapped $39K The business week started on a negative note as BTC slipped below $37,000 on Monday and failed to overcome that level on Tuesday morning. The situation started to change by the end of the day and, particularly on Wednesday, when...

Market analysts anticipate the US Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin ETFs in rapid succession. This has created a tense environment among applicants, particularly as the frontrunner stands to gain a significant first-mover advantage by attracting a substantial portion of everyday investors. As the race heats up, the traditional firms appear to be actively engaging in this ETF trade. Big Bets on Spot Bitcoin ETF According to Reflexivity’s...

A fundamental aspect of Bitcoin’s appeal lies in its status as a form of currency resistant to censorship and immune to arbitrary regulations. The principle is that anyone with the means to cover network fees should be able to engage in transactions without requiring permission. However, a new report suggests that a major Bitcoin mining pool filtered transactions based on sanctions imposed by the US Office of Foreign Assets Control (OFAC). Asian-Based Bitcoin Mining Pool...

Binance is the largest crypto exchange in the world by volume. The company just recently turned six years old earlier this year. In addition to Zhao stepping down as CEO, Binance agreed to settle DOJ charges of money laundering with a $4.3 billion fine. Furthermore, the exchange saw over $1 billion in outflows in under 24 hours as customers withdrew funds and tokens following the news. Supporters sent CZ an outpouring of sympathy and cheers on X.com. Here are three powerful...

CoinGecko, a prominent independent cryptocurrency data aggregator, has recently announced its acquisition of Zash. This strategic move is set to increase CoinGecko’s cryptocurrency services by incorporating Zash’s NFT information into its API, offering users a holistic perspective of fungible and non-fungible tokens. CoinGecko Announces Its Acquisition of Zash CoinGecko announced earlier this week the strategic purchase of Zash, a front-runner in the NFT data infrastructure...

On Nov 1, the IRS announced, “The limit on annual contributions to an IRA increased to $7,000, up from $6,500,” for the 2024 tax year. The 401(k) limit also went up by $500 to $23,000. That means Bitcoin investors who are saving for retirement with a self-directed Bitcoin IRA can now contribute $500 more next year. Bitcoin IRA Contributions Are Tax Deductible Saver investors looking to hedge inflation, diversify their portfolio, or add a risk-reward, high-growth tech play to...

While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe. COIN and MSTR Up by Triple Digits YTD After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political...