Author name: Peter

SEC Admits SIM Swap Attack Compromised Account, Fake Bitcoin ETF Announcement Posted

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The U.S. Securities and Exchange Commission (SEC) recently disclosed that its X account was compromised in a SIM swap attack. During the attack, an unauthorized party used the SEC's social media account to post a false announcement about the approval of spot bitcoin exchange-traded funds (ETFs). The SEC clarified that it had not actually approved […]

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Global Crypto Ownership Surged 34% in 2023, Reaching 580 Million: Report

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The number of global cryptocurrency owners witnessed a significant increase in 2023, with a surge of 34%, according to the annual Crypto Market Sizing Report published by Crypto.com. By December, the total number of crypto owners reached an impressive 580 million. Notably, both Bitcoin (BTC) and Ethereum (ETH) experienced substantial growth, with Bitcoin ownership rising

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FTX Customers Express Dissatisfaction with Reimbursement Plan Amidst Objections

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FTX Clients Criticize Valuation of Crypto Assets in Reimbursement Plan Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for

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Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide

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Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence On Monday, Jan. 22, 2024, the value of bitcoin dropped below the $40,000 mark for the first time in 48 days, according to market analysis. Over the past 24 hours, bitcoin has experienced a 4% decline, with a 14.2% decrease observed over the previous two

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Trezor Alerts Users to Phishing Risk After Security Breach

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Introduction In a recent security alert, Trezor, the company behind the popular cryptocurrency hardware wallet, announced a breach in its support ticketing system. This breach has potentially exposed the personal contact information of over 66,000 customers, raising concerns about possible phishing attacks. The Security Breach On January 17th, 2024, Trezor detected unauthorized access to a

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Michael Howell of Crossborder Capital: The Impact of Rising Global Liquidity

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Introduction Michael Howell, the founder and CEO of Crossborder Capital, is a veteran in global finance. With over $1 billion assets under management, his London-based independent research and investment company has established itself as a prominent player in the industry. Howell's expertise lies in analyzing global liquidity trends and their impact on the market. In

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The US Commodities Regulator Takes Legal Action Against Bogus Crypto Exchange Platform

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Introduction The US Commodities Futures Trading Commission (CFTC) recently announced that it has filed a civil enforcement action against Debiex, a fraudulent digital asset exchange platform. The CFTC alleges that Debiex used romance scam tactics to deceive potential investors and misappropriated $2.3 million in customer funds. This article will provide an overview of the case

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Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Endorses Bitcoin, Ripple’s XRP Removed, and More – Weekly Review

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Grayscale's 4,000 Bitcoin Transfer Fuels Speculation In a recent development, it has been discovered through blockchain analytics that Grayscale's Bitcoin Trust, known as GBTC, has transferred 4,000 bitcoins with an approximate value of $175 million. This transfer has sparked speculation and raised questions about the motives behind it. Blackrock CEO Larry Fink Embraces Bitcoin Larry

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FDUSD’s Market Cap Reaches $2.6 Billion, Growing by $1 Billion in 30 Days

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FDUSD Emerges as One of the Fastest-Growing Stablecoins According to recent statistics, FDUSD, a stablecoin crypto asset, has experienced significant growth in its market capitalization. Since the beginning of the year, FDUSD's market cap has increased by $1 billion. Currently, the supply of FDUSD stands at 2.614 billion, reflecting a substantial 45.7% surge in supply

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JPMorgan Warns of Bitcoin Selloff as Grayscale Sees $3 Billion Outflow

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JPMorgan Analyst Predicts Looming Bitcoin Selloff Global investment bank JPMorgan has issued a warning about an anticipated outflow from Grayscale's bitcoin fund, stating that it will "exert further pressure on bitcoin prices in the coming weeks." The bank's analyst, Nikolaos Panigirtzoglou, also explained that the $3 billion influx into new spot bitcoin exchange-traded funds (ETFs)

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