Bitcoin’s price has been taking a tumble lately, dropping by almost 10% this week. This isn’t exactly a cause for celebration, but there’s some good news coming from the mining world. Miners Are Keeping the Lights On Bitcoin miners, the folks who use powerful computers to secure the Bitcoin network, are actually doing pretty well…
Bitcoin has been on a wild ride lately, and things haven’t been looking great for the king of crypto. The price has taken a tumble, dropping below $61,000, and leaving some investors wondering if the worst is yet to come. A Glimpse of Hope? But there might be a silver lining. A crypto analytics platform…
French regulators are cracking down on crypto exchanges, and Bybit is the latest to feel the pressure. The company announced it will be shutting down its operations in France, effective August 2nd. This comes after a series of warnings and restrictions from the Autorité des Marchés Financiers (AMF), France’s financial watchdog. Restrictions Tighten Bybit is…
The 2024 US presidential race is heating up, and with it, a new wave of political betting is emerging in the crypto world. Platforms like Polymarket, Kalshi, and PredictIt are seeing a surge in bets on election outcomes, even though US regulators are trying to crack down on this activity. Polymarket: The Crypto Betting Hotspot…
The FBI is sounding the alarm about a growing trend of scammers impersonating cryptocurrency exchange employees. These scammers are getting more sophisticated, using new tactics to trick users into giving up their login details and losing their crypto. How the Scam Works These scammers typically contact victims via phone or text message, pretending to be…
Ethereum has been on a downward slide for a while now, even with the recent launch of spot ETH ETFs. But is the price about to hit rock bottom? A Big Number: $3,000 Data analysts are keeping a close eye on the $3,000 mark. Why? Because a lot of investors bought Ethereum around that price….
JPMorgan Chase is now expecting the Federal Reserve to slash interest rates by a whopping 100 basis points in the next two months. This sudden change in forecast comes as worries about a US recession are growing stronger. The recent weak economic data, including a disappointing jobs report, has sent shockwaves through the markets. Investors…
Chainlink, the decentralized oracle network, is the busiest ERC-20 project on GitHub, according to crypto analytics firm Santiment. Chainlink’s Busy Developers Santiment says Chainlink had over 400 notable GitHub events in the last month, topping the list for June as well. This means developers are constantly working on improving the project. What Does This Mean?…
New research shows that Russian-speaking hackers are behind most of the cryptocurrency-related crimes, including ransomware attacks, darknet drug sales, and illegal crypto exchange activity. Ransomware: Russian Dominance Russian-speaking ransomware groups are responsible for a whopping 69% of all crypto proceeds from ransomware attacks in 2023, which amounts to over $500 million. Darknet Markets: Russian Monopoly…
JPMorgan Chase and Wells Fargo are refusing to reimburse most customers who fall victim to scams on the popular Zelle payment network. According to a new report from the US Senate, Chase only reimbursed 2% of reported scams in 2023, while Wells Fargo reimbursed just 4%. This is a far cry from Bank of America,…
