The X account of movie star Tom Holland was recently hacked, with attackers using it to falsely promote SPIDER cryptocurrency tokens and Spiderverse NFTs. The account, which boasts more than 7 million followers, was used by bad actors to announce that the Spider-Man star was supposedly launching “Spiderverse” in partnership with the global crypto exchange Binance. The compromised...
Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong. According to the Balchunas, his asset estimate is currently $1 billion for the first two years. The ETF analyst noted this is positive but still far from the $25 billion estimate cited by some analysts. “But a lot depends on infrastructure improvement. We...
The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to maintain a stable value equivalent to a U.S. dollar, providing a safe haven for traders against the...
A new Bitcoin (BTC) ordinals project called Bitcoin Wizards, and its native token WZRD, are dominating both the crypto and non-fungible token (NFT) sectors after recording significant gains over the past day. WZRD is up by 88% in the past 24 hours and is trading at $9 at the time of writing — making it the...
Regulators in Norway are looking to clamp down on cryptocurrency mining via a new law for data centers operating in the nation. According to a report from local media VG, the new framework will mandate that data centers register officially and provide information about those involved, like owners and leaders, and the type of services they offer. The...
Cryptocurrency-focused service providers in Canada will face stricter regulatory mandates after new laws were introduced in the nation’s 2024 federal budget. Announced on April 16, the budget plans to enforce the Crypto-Asset Reporting Framework (CARF), a system approved by the Organisation for Economic Co-operation and Development (OECD) in August 2022. The move came in response to the G20’s mandate in 2021, which required...
CoinGecko experts published a report on the crypto market for the first quarter, noting the growth in sector capitalization. In the first quarter, the crypto market showed growth, according to a CoinGecko report. The segment’s capitalization grew by 64.5%, reaching a peak of $2.9 trillion in March. In total, capitalization increased by $1.1 trillion. The report indicates that this...
Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the...
BlackRock’s Bitcoin ETF was the only spot Bitcoin fund in the United States to record inflows on Monday, setting it apart from other ETFs that reported no inflows or experienced outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, albeit a decrease from the $111.1 million...
According to Markus Thielen, head of research at 10x Research, risk assets like crypto and stocks could see a “significant price correction” in the coming weeks. Sharing his insights in an April 16 investor note, Thielen wrote that the cryptocurrency market is moving towards a “crucial tipping point,” which could lead to a notable correction in prices....
