Australia has established a task force to crack down on cryptocurrency ATM providers that do not comply with the nation’s anti-money laundering laws. The Australian Transaction Reports and Analysis Centre has issued a warning for crypto ATM operators via a Dec. 6 statement, noting that non-compliance with anti-money laundering laws will result in enforcement actions and penalties. Coin...
Placeholder partner Chris Burniske urges a cautious approach, advises balancing optimism with realism to avoid overhyping targets this cycle. Chris Burniske, former analyst at ARK Invest and current partner at Placeholder, a venture capital firm that invests in decentralized networks, has cautioned crypto investors against overhyping market targets as bullish sentiment grows. In a Dec. 6 post on X, Burniske reflected...
U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s...
Bitcoin shrank under the $100,000 psychological level after hitting a new all-time high yesterday; the Bitcoin market was liquidated to more than half of a billion dollars just in a day. The crypto market, at the time of writing, has seen massive market liquidations of up to $565 million on Bitcoin btc1.77%Bitcoin alone, as the coin reached a...
The UK government was founded by the blockchain analytics platform that held billions of dollars in Bitcoin in the past few years. Arkham Intelligence, on the on-chain analytics data on Dec. 06, has found the wallet that is connected to the UK government that holds 61.245k Bitcoin btc1.77%Bitcoin worth $6 billion. This wallet has also gained profit from the Bitcoin...
El Salvador bonds emerged as top gainers in emerging-market debt, fueled by Bitcoin’s surge past $100,000. Bitcoin’s btc-3.12%Bitcoin price movement catalyzed a rally for El Salvador bonds on Dec. 5, according to Bloomberg’s indicative pricing data for sovereign-issued debt due in 2035 and 2041. “This is the first time in history that Bitcoin has driven sovereign bonds up...
Charles Bobrinskoy of Ariel Investments has warned that Bitcoin is a momentum-driven bubble, predicting an imminent price decline as regulatory and market sentiment shift. Bobrinskoy issued this stark warning about Bitcoin btc-3.12%Bitcoin, labeling the cryptocurrency a “get-rich-quick scheme” driven by momentum rather than intrinsic value. Speaking on CNBC’s The Exchange, Bobrinskoy expressed concerns about Bitcoin’s reliance on minimal regulatory oversight, which...
Bitcoin crossed the $100,000 milestone on Wednesday, hitting a new all-time high at $104,088 on December 5. Crypto traders’ enthusiasm was rewarded with significant capital inflows to Spot Bitcoin ETFs and increase in BTC options trade volume. Post Bitcoin’s rally to $100,000 btc-3.12%Bitcoin, traders are looking for the next altcoin to shift their focus to, expecting higher...
Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin is ‘bigger’ than gold, predicting BTC’s $2 trillion market cap could one day surpass gold’s $15 trillion over time. In a recent post on Dec. 5, Cathie Wood reacted to the Federal Reserve Chair Jerome Powell’s comments on Bitcoin btc7.7%Bitcoin, describing the cryptocurrency with the largest market cap as a...
Just as Bitcoin surpassed the highly coveted $100,000 mark, defunct crypto exchange Mt. Gox moved roughly $2.47 billion worth of the cryptocurrency to an unknown wallet. According to Arkham Intelligence, a Mt. Gox wallet identified as “1F…RT” transferred over 24,000 BTC to an unknown wallet starting with “1N7j” at 2:45 am UTC on Dec. 5, where the funds...
