In a decisive move against crypto fraud, Dutch law enforcement apprehended a 26-year-old male suspect linked to the ZKasino scam—a project that duped over 10,000 investors by promising a return on their Ethereum investments. Despite assurances totaling $33 million in value, the reality shattered on the launch day, April 20, when investors faced the stark truth of their unredeemable ETH,
Despite the turbulent relationship between the cryptocurrency industry and regulatory bodies, a researcher associated with the privacy-focused project Railgun suggests that U.S. officials are not inherently opposed to cryptographic privacy protocols. Alan Scott Jr., a prominent figure within the Railgun community, has shared insights from his recent discussions with U.S. senators and intelligence agencies, painting a picture of government entities
The burgeoning world of cryptocurrency has faced a significant setback in Australia as the Federal Court ruled against BPS Financial Pty Ltd (BPS) in a case that has drawn industry-wide attention. This landmark decision, rendered by Justice Dowsley, concluded that BPS engaged in deceptive conduct in relation to its Qoin Wallet and Qoin token, sending ripples of concern through the
The exchange-traded funds (ETFs) market for Bitcoin has experienced a rollercoaster of activity, underlining the volatile nature of cryptocurrency investment flows. In an extraordinary turn of events, Bitcoin ETFs saw a staggering outflow on the first day of May, only to be followed by a contained movement the subsequent day. This pattern echoes the sentiment that investing in digital currencies
The aftermath of the Bitcoin halving has stirred the crypto community into a state of heightened anticipation. Typically, a halving reduces the reward for mining new blocks, slicing into the profits for miners. In the most recent event, Bitcoin miners saw their earnings plunge to lows not witnessed in over a year, yet, against popular expectations, there’s no widespread evidence
Despite the recent price fluctuations that have led many to question the immediate future of Bitcoin, Standard Chartered’s head of forex and digital assets, Geoffrey Kendrick, has forecasted a robust recovery for the leading cryptocurrency. With an optimistic long-term outlook, Kendrick elucidates a potential pathway for Bitcoin to rebound to an impressive $150,000 by the end of 2024. Current Market
Ethereum, the second-largest blockchain network by market capitalization, has seen a significant reduction in transaction fees, reaching an average cost of just $1.12 per transaction. According to recent data, this is the lowest average fee recorded since October 18th, a feat that is aligned with a concurrent dip to 6.43 gwei for the median gas fee. Such numbers haven’t been
Cryptocurrency has been a roller coaster of innovation and fluctuation, capturing the attention of investors and enthusiasts worldwide. In this dynamic landscape, a significant prediction has emerged from prominent Bitcoin analyst Willy Woo. He believes that the cryptocurrency user base is on a trajectory to exceed one billion by the end of 2025. This bold forecast is founded on a
As Bitcoin’s performance wanes at the end of April, marking what could be its poorest monthly showing since November 2022, investors are keeping a watchful eye on the horizon. The past weeks have seen the cryptocurrency giant struggling to maintain bullish momentum, caught in the throes of a broader market downtrend influenced by the macroeconomic and geopolitical climate. This pensive
In an innovative approach to forecast Bitcoin’s valuation, Spot On Chain has tapped into Google Cloud’s Vertex AI, employing sophisticated algorithms to sift through vast amounts of historical data. By analyzing key market influencers such as halving events, interest rate cycles, ETF performances, and miner pressures, the team aims to generate predictive insights with unprecedented accuracy. These projections shed light
The cryptocurrency mining industry is bracing for changes following Bitcoin’s fourth halving event. This pivotal moment in the digital currency’s lifecycle has halved the rewards for mining a block, prompting miners to seek out innovative solutions to maintain profitability amidst rising costs. The Impact of Halving on Mining Economics Escalating Production Costs With the halving event, the reward for mining
A recent study by Weavr has underscored a paradigm shift among Accounts Payable (AP) professionals in the UK who are now advocating for software solutions that go beyond the mere preparation of invoices. A staggering 94% of the surveyed finance personnel are in favor of platforms that not only manage the accounts but also take charge of the actual payment
