Authorities in Ukraine have busted a 29-year-old individual on the grounds of compromising cloud accounts to illegally mine cryptocurrencies. The arrest conducted on January 9 in Mykolaiv was a collaboration between Europol and an unidentified cloud service provider who apprehended the individual in what was described as a ‘sophisticated cryptojacking scheme,’ Europol said in a press statement on January 12. ...
MicroStrategy Inc. (NASDAQ: MSTR) suffered a tough hit following the Bitcoin spot ETF approval on January 10. Deemed as an indirect exposure to Bitcoin (BTC), Michael Saylor’s company now faces powerful Wall Street competitors. In a sequence of events, the SEC finally approved 11 ETFs for the leading cryptocurrency. In response, BTC traded as high as $48,965 a day after, ...
A strong risk management framework is essential for anyone looking to succeed in cryptocurrency trading. This approach safeguards investments amid the highly volatile and rapidly evolving crypto market conditions. In this context, traders can use different risk management strategies, with one key method being the avoidance of overextended cryptocurrencies. This strategy is particularly effective in protecting traders from sudden trend ...
The cryptocurrency space witnessed a momentous week, highlighted by the historic launch of the first-ever Bitcoin exchange-traded fund (ETF) in the United States. This development is expected to have a generally bullish impact on the sector. Following this product launch, the overall market experienced short-term price fluctuations primarily led by Bitcoin (BTC). While Bitcoin captures the spotlight, other undervalued cryptocurrencies ...
Vanguard Group, Inc. is one of the world’s largest investment firms, with $7.7 trillion in assets under management (AUM). The finance giant shocked the market by refusing to offer the recently approved Bitcoin ETFs to its brokerage’s customers. On January 11, Vanguard prevented its customers from gaining exposure to Bitcoin (BTC) through the now legally approved ETFs. As reported by ...
United States regulators finally approved the highly awaited spot Bitcoin exchange-traded fund (ETF), with analysts expressing that this move opens up more opportunities for the cryptocurrency sector. Indeed, there is a bullish sentiment regarding the product’s long-term impact, mainly due to its potential to attract institutional investors. In this context, there are speculations that such a product will likely spill ...
The Bitcoin spot ETF approval brought volatility to the cryptocurrency market, mostly favoring altcoins for the weekend. Meanwhile, smart money in and outflows hint at which cryptocurrencies profitable traders are accumulating and getting rid of. In onchain analysis, smart traders are active crypto addresses with a profitable history considering tokens’ inflow and outflow. If the address acquired tokens at a ...
Larry Fink is the CEO of the world’s largest asset manager, BlackRock Inc. (NYSE: BLK). The finance titan is diving deeper into cryptocurrencies, first through Bitcoin (BTC) and now turning its eyes to Ethereum (ETH). BlackRock’s CEO appeared on CNBC to discuss the company’s focus on infrastructure, following a “macro trend,” in his words. Notably, Larry Fink addressed investments in ...
In a significant move in the ongoing legal skirmish between the Securities and Exchange Commission (SEC) and Ripple Labs Inc., the SEC has filed a motion with the Southern District of New York. On January 11, the agency sought to compel Ripple to yield financial documents and details regarding its XRP sales. In particular, the SEC framed the action as ...
The Bitcoin spot ETF approval could have sparked an altcoin rally, with other cryptocurrencies outperforming the leader Bitcoin (BTC). With an institutional focus on BTC, the cryptocurrency market opens the door for what might be an altcoins’ weekend. In particular, traditional institutions only work on weekdays, and ETFs are not exchanged on weekends. Therefore, self-custody cryptocurrency investors could migrate their ...
