Data Breach & Crypto

SEC Pushes Back Decision on BlackRock, Fidelity’s Ether ETF Applications

U.S. Securities and Exchange Commission Delays Decision on BlackRock and Fidelity Ether ETF Applications

The U.S. Securities and Exchange Commission (SEC) announced on Monday that it would delay its decision on the exchange-traded fund (ETF) applications for Ethereum’s ether (ETH) submitted by BlackRock and Fidelity. The postponement triggers a comment period for both applications, raising questions about the potential approval of spot ether ETFs and their alignment with the arguments that facilitated the acceptance ...

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Bitcoin Breaks $50,000 Barrier: A Glimpse into the Crypto Surge

The world's largest cryptocurrency, Bitcoin, hit the US$50,000 level for the first time in more than two years on Monday.

In a historic turn of events, Bitcoin (BTC) has soared past the $50,000 mark for the first time in over two years, marking a significant milestone for the world’s largest cryptocurrency. The surge in value has been propelled by a combination of factors, including expectations of upcoming interest rate cuts and recent regulatory approvals for U.S. exchange-traded funds (ETFs) designed ...

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Bitcoin’s Potential Price Surge to $2.3 Million: ARK Invest Releases Insights in Big Ideas 2024 Report

Bitcoin has outperformed gold and equities in long-term investment returns

ARK Invest, a leading investment management firm, has released its much-anticipated report titled ‘Big Ideas 2024,’ shedding light on the potential trajectory of Bitcoin’s price if it captures a significant share of the global investable assets. In the comprehensive report, ARK Invest suggests that if Bitcoin manages to secure 19.4% of the $250 trillion global investable assets, its price could ...

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Bitcoin miners reduce BTC holdings as ‘miner price’ nears $65K

Bitcoin miners reduce BTC holdings as ‘miner price’ nears $65K

The current state of Bitcoin miner profitability is garnering attention, particularly in light of concerns regarding the susceptibility of BTC prices to their activities. As Bitcoin’s ticker hovers around $42,079, data suggests that miners may be prominent participants in profit-taking, especially given the challenges faced by BTC’s price near the $43,000 mark. Recent data from Glassnode, an on-chain analytics firm, ...

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BTC price bounces 5% as investor says Bitcoin ETF ‘99.9% done deal’

BTC price bounces 5% as investor says Bitcoin ETF ‘99.9% done deal’

New updates to BlackRock’s spot Bitcoin ETF filing come as BTC price strength narrowly retains $40,000 as support. BTC Price Records 5% Rebound Amid Investor Confidence in Bitcoin ETF Approval Recent updates to BlackRock’s spot Bitcoin ETF filing coincide with Bitcoin (BTC) demonstrating resilience just above the $40,000 support level. On December 19, BTC, which briefly touched $44,077, rebounded above ...

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S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest

S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest

S&P Global has recently introduced a comprehensive assessment for stablecoins, evaluating their stability and performance. In its inaugural ratings of eight prominent stablecoins, none achieved the highest rating. However, Gemini (GUSD), Pax (USDP), and USD Coin (USDC) were ranked the highest with a rating of 2 (strong), reflecting their robust asset backing. These stablecoins have demonstrated excellence in asset quality, ...

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UK Pension Fund M&G Invests $20M in First British-Regulated Bitcoin Derivatives Exchange

UK Pension Fund M&G Invests $20M in First British-Regulated Bitcoin Derivatives Exchange

M&G, the investment arm of a UK-based pension fund, has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. M&G, the investment division of a prominent UK-based pension fund, has committed a substantial $20 million investment to Global Futures & Options Holdings (GFO-X), the inaugural regulated Bitcoin derivatives exchange in the United ...

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France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin

France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin

Société Générale, the third-largest bank in France, has entered the stablecoin market by introducing its proprietary euro-pegged stablecoin, marking a significant foray for one of Europe’s leading banking institutions. The stablecoin, named EUR CoinVertible (EURCV), will be introduced on the Bitstamp crypto exchange based in Luxembourg, and it distinguishes itself as the first of its kind in the European region. ...

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Financial Advisors Are Waiting for Spot Bitcoin ETFs to Offer Clients, Says Ric Edelman

Financial Advisors Are Waiting for Spot Bitcoin ETFs to Offer Clients, Says Ric Edelman

Ric Edelman, the founder of Edelman Financial Services and a prominent author in the field of personal finance, elucidated the anticipation within the financial advisory community regarding the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In a recent episode of Coindesk’s Unchained podcast, Edelman highlighted that financial advisors are eagerly awaiting SEC ...

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The price of Bitcoin (BTC) is $40,784.45 today with a 24-hour trading volume of $19 Billion

The price of Bitcoin (BTC) is $40,784.45 today with a 24-hour trading volume of $19 Billion

Understanding Bitcoin: A Brief Analysis of Recent Price Trends and Core Concepts. The cryptocurrency market is as dynamic as ever, and today marks a notable uptick in Bitcoin (BTC) prices. As of now, Bitcoin is valued at $40,861.35, exhibiting a 3.60% surge in the last 24 hours and a commendable 9.42% increase over the past 7 days. The 24-hour trading ...

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Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report

Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report

BlackRock, the preeminent global asset management firm, is purportedly advocating for the adoption of the in-kind creation methodology for its Bitcoin exchange-traded fund (ETF), a departure from the prevailing cash creation model endorsed by the U.S. Securities and Exchange Commission (SEC). In recent discussions with the SEC, BlackRock, alongside other applicants seeking approval for spot Bitcoin ETFs, conveyed their preference ...

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Binance Founder Changpeng Zhao Agrees to Step Down, Plead Guilty

The chief executive of Binance, the largest global cryptocurrency exchange, plans to step down and plead guilty to violating criminal U.S. anti-money-laundering requirements, in a deal that may preserve the company’s ability to continue operating, according to people familiar with the matter. Changpeng Zhao is scheduled to appear in Seattle federal court Tuesday afternoon and enter his plea, the people said. Binance, which Zhao owns, will also plead guilty to a criminal charge and agree to pay fines totaling $4.3 billion, which includes amounts to settle civil allegations made by regulators, the people said. The deal would end long-running investigations of Binance. Zhao founded the firm in 2017 and turned it into the most important hub of the global crypto market. The criminal probe, in particular, has shadowed the company even as its market share initially grew after the collapse last year of FTX, one of its main offshore competitors. Executives have recently fled Binance, and the exchange has laid off a chunk of its employees this year as the company struggled to come to terms with the U.S. probes. The deal would allow Zhao to retain his majority ownership of Binance, although he won’t be able to have an executive role at the company. He would face sentencing at a later date. The outcome resembles an earlier case that prosecutors brought against the executives of BitMEX, an exchange for trading crypto derivatives that was based in the Seychelles. Its former CEO, Arthur Hayes, pleaded guilty to violating anti-money-laundering law and was later sentenced to two years probation, avoiding a possible prison term of six to 12 months. The Justice Department declined to comment. The deal to be announced on Tuesday doesn’t include a settlement with the Securities and Exchange Commission, which sued Binance and Zhao in June and alleged it violated U.S. investor-protection laws, the people said. Major crypto exchanges such as Binance have decided to litigate with the SEC, believing they can show that cryptocurrencies don’t qualify as the kinds of investments overseen by the SEC. The DOJ’s investigation looked at Binance’s program to detect and prevent money laundering and whether it allowed individuals in sanctioned countries, such as Iran and Russia, to trade with Americans on the exchange, The Journal previously reported. A separate agreement would resolve a civil lawsuit filed against Binance and Zhao earlier this year by the Commodity Futures Trading Commission, one of the U.S. regulators that has tried to police the freewheeling global market, the people said. The $4.3 billion that Binance would pay includes amounts to address the CFTC’s claims and those leveled by agencies of the Treasury Department. The CFTC claimed that Binance for years didn’t have a program to prevent and detect terrorist financing and money laundering. It also said Binance gave Americans access to derivatives such as futures or swaps that can only be traded in the U.S. if they are offered on regulated platforms. Binance never registered with U.S. regulators, making its risky leveraged products off-limits to American traders, the CFTC said. A CFTC spokesman declined to comment. Zhao resides in the United Arab Emirates and had curtailed his travel this year. The United Arab Emirates doesn’t have a mutual extradition treaty with the U.S., although last year the countries signed a treaty that enhances law-enforcement evidence sharing. The U.A.E. remained welcoming to crypto even as countries such as China and the U.S. have cracked down on the unregulated industry. Zhao’s status was a sticking point in negotiations between the government and Binance for months, according to people familiar with the talks.

The Chief Executive Officer of Binance, the world’s largest cryptocurrency exchange, is poised to resign and plead guilty to violating criminal U.S. anti-money laundering regulations, as disclosed by individuals familiar with the matter. Changpeng Zhao is expected to make his plea in a Seattle federal court on Tuesday afternoon, with Binance, owned by Zhao, also entering a guilty plea to ...

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Bit Digital, Inc. Announces Finalized AI Customer Contract Terms and Datacenter Location

Bit Digital, Inc. Announces Finalized AI Customer Contract Terms and Datacenter Location

NEW YORK – Nov 21, 2023 – (EMWNews) – Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City, is pleased to announce that it has finalized its service agreement with its first customer of its new business line, Bit Digital AI. Under the terms of ...

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Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price

Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price

Bitcoin is approaching a critical Fibonacci retracement level, signaling a potential culmination of its “pre-halving rally” according to Titan of Crypto, a prominent social media trader. On November 19, Titan reiterated his long-standing BTC price target of up to $50,000, emphasizing the importance of patience in achieving this goal. The current market conditions see Bitcoin encountering resistance and fluctuating around ...

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From meme to money: How Dogecoin is challenging traditional cryptocurrencies

From meme to money How Dogecoin is challenging traditional cryptocurrencies

Are you ready to embark on a wild ride from meme to money? Enter the world of Dogecoin – the digital currency that started as a lighthearted internet joke and is now challenging traditional cryptocurrencies. Buckle up as we explore how this adorable Shiba Inu-inspired coin has taken the financial world by storm, captivating millions with its unique charm and ...

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Samsung warns some customers their data may have been stolen by hackers

Samsung warns some customers their data may have been stolen by hackers

In a recent development, Samsung UK has issued a warning to its valued customers, alerting them to a potential compromise of their data by an unauthorized third party. This concerning incident specifically impacts individuals who made purchases on the Samsung UK online store between July 1, 2019, and June 30, 2020. Despite the unfortunate reality that it took years for ...

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Michael Saylor’s MicroStrategy (MSTR) Massive Bitcoin Bet Crosses $1B in Unrealized Profit

Michael Saylor’s MicroStrategy (MSTR) Massive Bitcoin Bet Crosses $1B in Unrealized Profit

MicroStrategy, the business software company led by Executive Chairman Michael Saylor, has seen its unrealized gains from Bitcoin (BTC) soar to over $1.1 billion, representing a 25% increase over the total investment. The company’s Bitcoin holdings, totaling more than 158,000 bitcoins valued at $5.7 billion, reached this milestone as the cryptocurrency surpassed $37,000 for the first time since May 2022. ...

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Bitcoin Rises Above $37K Zone; Shorts Crushed With $96 Million Loss

Bitcoin Rises Above $37K Zone; Shorts Crushed With $96 Million Loss

Bitcoin Attains 18-Month High Amidst Growing Market ‘Greed,’ Prompting Short Squeeze Frenzy The Crypto Fear and Greed Index (CFGI) presently registers a prevailing sentiment of “greed” in the cryptocurrency market, scoring 69 out of 100. As of 5:20 a.m. Eastern Time on November 9, 2023, the price of bitcoin surged above $37,000—a peak not witnessed since the initial week of ...

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The Shib team has once again initiated the Shib Zeroing Plan, launching a new cryptocurrency named Space Shib.

The Shib team has once again initiated the Shib Zeroing Plan, launching a new cryptocurrency named Space Shib.

SHIB coin, also known as Shiba Inu coin or “Dogecoin Killer,” represents an experiment in decentralized, spontaneous community building. Born in August 2020, this virtual currency, SHIB, had an initial supply of one quadrillion. Since its launch, the price of SHIB soared from a mere $0.00000001 to approximately $0.00008848, an astonishing increase of 88,480,000 times. A modest investment of just ...

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Exploring Cryptocurrency: An In-depth Examination of Bitcoin ATMs

Obtaining Cryptocurrency in the Real World: Bitcoin ATMs

The pervasive influence of cryptocurrency has fundamentally transformed our perceptions of currency, financial transactions, and investment strategies on a global scale. Amidst the various methods available for obtaining cryptocurrencies, the emergence of Bitcoin ATMs has introduced a user-friendly and easily accessible avenue for individuals entering the realm of digital assets. This discussion aims to comprehensively explore the intricacies of acquiring ...

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