According to data from Switzerland-based investment adviser 21e6 Capital AG, around 13% of crypto hedge funds have shut down so far this year. The reasons for the closures were weak performance and difficulties in accessing banking services. Furthermore, crypto funds generated, on average, around 15% returns in the first half of 2023. They have been...Read More
The payment technology firm Block (formerly known as Square) revealed that its bitcoin revenue for the second quarter was approximately 34% more than the figure reported in Q2, 2022. The company, spearheaded by Twitter’s former CEO Jack Dorsey, is a main player on the crypto scene, owning over 8,000 BTC. Q2’s Solid Numbers Block revealed that its...Read More
A resident of Eden Prairie, Minnesota, whose name was undisclosed, has reportedly parted with $9.2 million after falling prey in a typical cryptocurrency romance fraud. The local police said it has never investigated a crypto-related scam where individuals have lost such a substantial sum. The Multi-Million Scheme As reported by Star Tribune, the man started chatting with...Read More
But it’s also understandable that FTX creditors are looking for a less stinky exit. The FTX 2.0 reboot proposal is in the reorganization plan filed Monday, July 31. FTX 2.0 Exchange Plans Have High Hopes News of the filing caused FTT tokens to spike from $1.34 to 1.55. But soon after, they settled even lower...Read More
Lawyers for Coinbase Global asked a U.S. judge Friday to dismiss a suit by the Securities and Exchange Commission. They brought the arguments to back up their request. Coinbase lawyers ask judge to dismiss SEC lawsuit The SEC lawsuit filed June 6, alleges the crypto exchange is an unregistered securities broker and exchange. In the...Read More
In a thought-provoking display, Crypto Assets Guy, a well-known XRP community influencer, has presented a visualization that highlights the potential value of XRP investments if the cryptocurrency regains its all-time high (ATH) of $3.70. The visualization demonstrates potential returns for different XRP holding levels, ranging from 5,000 XRP to 300,000 XRP, using a consistent rate...Read More
Bitcoin miners have had a rocky start in 2023 after being battered by a severe market downturn the previous year. But as prices recovered over the last several months, they have been at significant capacity, according to Bernstein. The brokerage firm’s latest report weighs in on how large miners are poised to reap substantial benefits...Read More
Bitcoin price has cautiously ratcheted upward since Jan. A rising trend channel from $16,600 to $30,000 almost doubled the spot price of BTC in H1. The price changed in three phases, with blistering rallies that happened in January, March, and June. Here’s what large language model chatbot Google Bard has to say about the best...Read More
While Ethereum has been in a bear market for the past 30 days, there are chances that it will soon bottom out. One well-known crypto analyst has voiced concern over Ethereum’s (ETH) performance compared to Bitcoin’s (BTC), speculating that a major event could cause a large drop. What’s behind this bearish outlook, and what should...Read More
[Press Release – London, United Kingdom, August 5th, 2023] Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra’s potential to redefine the crypto industry. Priding itself on democratizing access to investment opportunities, VC Spectra has carved...Read More
The first half of 2023 has brought an unexpected twist for the crypto market, which has always been a favourite target for cybercriminals. However, as the number of crypto hacks surged in an alarming fashion, a surprising trend began to emerge from hackers as they now started returning the stolen funds. This event surged exponentially...Read More
