There are now six blockchain-related ETFs available to investors.
Bitcoin (BTC) broke below two key support levels on Thursday as a market rout intensified. While its latest crash was directly triggered by higher-than-expected U.S. inflation data, there were also other factors driving investors out of crypto.
More than 81 million investors created Bitcoin wallets this month. However, as digital assets skyrocket, so do scammers. Nowadays, many on-chain companies lose funds to “investors” offering company capital growth.
A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds claiming to make big returns but in reality were losing money and instead operated as a Ponzi scheme.
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts.
Nubank, Brazil’s leading digital bank by market cap, said on Wednesday that users would be able to trade bitcoin (BTC) and ether (ETH) on its network. To show its confidence in bitcoin, Nu Holdings, the parent company of Nubank, will invest in BTC. The entity stated that it would invest around one percent of the cash currently held on its balance sheet into crypto.
Some say we are already in the metaverse. The Covid-19 pandemic has ushered in the era of a digital universe where we meet over Zoom, shop online and care more about our online social media extensions of ourselves than the physical world.
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility.