On May 1, Inflows of Bitcoin spot exchange-traded funds (ETFs) based in the US were surprisingly negative. Figures drawn from Farside Investors indicated that iShares Bitcoin Trust suffered its first-ever outgoing capital day, amounting to $36.9 million. To sum up, the total nine other Bitcoin ETFs made a withdrawal of $526.8 million in shear. Hashdex
Ukrainian Yaroslav Vasinskyi sentenced for orchestrating ransomware attacks. Part of broader US initiative following Biden's commitment against such groups. Continue Reading: How Does the US Combat Ransomware Criminals?
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation.
There was no noticeable impact on SHIB prices despite the token burn.
MicroStrategy, a prominent player in the tech and blockchain space, has made waves with its latest unveiling: MicroStrategy Orange. This innovative platform represents a significant leap forward in decentralized identity (ID) solutions, harnessing the power of the Bitcoin network. At the MicroStrategy World Bitcoin for Corporations 2024 event, Executive Vice President Cezary Raczko took the The post MicroStrategy Introduces Bitcoin-Backed ID Platform, MicroStrategy Orange appeared first on CoinGape .
Outflows from U.S. spot Bitcoin ETFs surged past $500 million on Wednesday, May 1, intensifying selling pressure. This increase occurred following the FOMC meeting, during which Fed Chair Jerome Powell announced unchanged interest rates, causing Bitcoin’s price to drop an additional 5% to $57,500. Fidelity Bitcoin ETF Outflows Beat Grayscale’s As per data from Farside The post U.S. Bitcoin ETF Outflows Jump Past $560 Million, More Pain Ahead? appeared first on CoinGape .
The XRP price was on the investors’ radar today, amid a massive whale transfer of the coin. Meanwhile, Ripple has locked 800 million XRP to escrow today, amid a series of other hefty transfers, which have sparked speculations over the potential move of Ripple behind the transfers. Notably, this move comes after the firm unlocked 500 million XRP from Escrow recently. The post XRP Price: Ripple Locks 800M Coins Amid Massive XRP Movements, What’s Next? appeared first on CoinGape .
The post Terraform Labs Challenges $5.3B SEC Fine, Suggest $1M Penalty Due to Lack of Evidence appeared first on Coinpedia Fintech News In a legal battle unfolding in March 2024, Terraform Labs and its co-founder Do Kwon faced fraud charges from a New York jury, with U.S. regulators seeking a $5.3 billion penalty. Terraform’s lawyers immediately oppose the allegations, citing jurisdictional and evidentiary issues. They argue that most of the token sales occurred outside the U.S., questioning …
As the Bitcoin price is dipping, investors worldwide focus on the altcoin sector to find the last gems of this bull run. In this dynamic landscape, a new Ethereum-based project is making waves across the market. Continue Reading: Raboo (RABT) Spotlighted as Bitcoin Price Dips Amid Soaring Ethereum Values
According to a report, Google has recently disclosed plans to lay off a significant number of its core team employees. The tech giant aims to fire at least 200 staff members as part of its ongoing restructuring efforts. These changes come despite the company’s robust earnings reports over the past year. This move aligns with The post Layoff Wave Hits Google Core Employees Amid Reorganization appeared first on CoinGape .