Month: November 2024

In one of the most significant cryptocurrency crime cases to date, Ilya Lichtenstein, who orchestrated the theft of 120,000 bitcoin from Bitfinex in 2016, was sentenced to five years in prison. The stolen Bitcoin (CRYPTO: BTC), worth $71 million at the time, is now valued at over $7.6 billion....

Goldman Sachs (NYSE:GS) has dramatically increased its exposure to Bitcoin (CRYPTO: BTC) ETFs, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), reflecting growing institutional interest in digital assets. What Happened: The Wall Street powerhouse disclosed $710 million invested across multiple Bitcoin exchange-traded funds...

Over the past 24 hours, Cardano’s (CRYPTO: ADA) price rose 22.74% to $0.67. This continues its positive trend over the past week where it has experienced a 48.0% gain, moving from $0.44 to its current price. As it stands right now, the coin’s all-time high is $3.09. The chart...

XRP’s (CRYPTO: XRP) price has increased 28.1% over the past 24 hours to $0.90. Over the past week, XRP has experienced an uptick of over 59.0%, moving from $0.55 to its current price. As it stands right now, the coin’s all-time high is $3.40. The chart below compares the...

VanEck CEO Jan van Eck has made waves with a bold forecast: Bitcoin could skyrocket to $300,000 within five to 10 years. This optimistic projection rests on Bitcoin’s ability to capture a substantial share of the gold market – a market long valued as a hedge against inflation.  Don’t...

According to the latest reports, the British government is moving to establish its regulatory approach for the cryptocurrency sector to maintain the country’s attractiveness as a destination for crypto businesses. This initiative follows the election victory of Donald Trump in the United States, a development that has stirred enthusiasm...

As blockchain technology gains ground in finance, many traditional institutions use it to streamline transactions and automate back-office processes. Robert Leshner, CEO and co-founder of Superstate, recently shared his perspective on how this trend unfolds, speaking ahead of his appearance at the Benzinga Future of Digital Assets event. Private...

Despite rising costs to mine Bitcoin, BitFuFu (NASDAQ:FUFU), the digital asset mining company based in Singapore, achieved double-digit growth in the third quarter. The company reported revenue of $90.3 million for the third quarter of 2024, a 47.5% increase year-over-year, and achieved adjusted EBITDA of $5.8 million. This quarter...

Dogecoin’s (CRYPTO: DOGE) 9% price pullback presents a potential buying opportunity, according to optimistic cryptocurrency traders on social media. What Happened: After an 88% rally over the past week, Dogecoin has dropped 9% in Friday trading. On-chain tracker Lookonchain reported that a whale shifted all funds from the SPX...

A recent survey by Swiss digital bank Sygnum found that 72% of institutional investors – including family offices, external asset managers, fund managers, and hedge funds – are open to investing in crypto assets. Institutional Investors Getting Comfortable With Crypto Assets Conducted at the end of Q3 2024, the...