by Jennifer George | July 9, 2024 | Cryptocurrencies, News
In 2024, crypto theft amounted to $1.38 billion from January 1st to June 24th, according to a report published by TRM Labs. The data suggests, the stolen crypto wealth has doubled in 2024 compared to the $657 million that was stolen in 2023 between the same timeframe....
by Jennifer George | July 9, 2024 | Cryptocurrencies, News
After experiencing an unexpected tumble in prices on the Fourth of July weekend, Bitcoin (BTC) prices are beginning to show signs of a recovery. Earlier today, Bitcoin prices rose 7.4% in merely 12 hours, currently at $57,100. The weekend slump caused the...
by Jibran Munaf | July 5, 2024 | Currencies, Currency Markets Analysis, News
The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party took the UK general election in a massive win. Sterling was last at $1.27575, little...
by Jibran Munaf | July 4, 2024 | Breaking, Cryptocurrencies, News
Crypto Market Slumps Amid Concerns Over Mt. Gox Payout The price of Bitcoin fell below $59,000 early Thursday, marking its lowest level since April, as concerns mounted over the potential impact of the defunct Mt. Gox exchange returning a significant amount of...
by Jibran Munaf | July 4, 2024 | Alternative Investments, Cryptocurrencies, News
Strategic Expansion Using Bitstamp Licenses Robinhood Markets (HOOD.O) is reportedly planning to introduce cryptocurrency futures trading in the U.S. and Europe in the coming months, according to Bloomberg News. The commission-free trading app aims to utilize the...
by Jibran Munaf | July 1, 2024 | Cryptocurrencies, News
The U.S. Treasury Department finalized a rule on Friday that mandates cryptocurrency brokers, including exchanges and payment processors, to report detailed information on users’ sales and exchanges of digital assets to the Internal Revenue Service (IRS). This...
