Articles for category: Crypto

Market News

Idaho Law Enforcement Warns Public About ‘Pig Butchering’ Scam in Important PSA for Consumer Awareness and Safety

The U.S. Attorney’s Office of Idaho has issued a public service announcement warning residents about a growing cryptocurrency investment scam, particularly during the holiday season. This initiative is part of a campaign called “Don’t Click December,” launched by the U.S. Attorney, the FBI, and local law enforcement agencies. The campaign highlights the dangerous “pig butchering” ...

Market News

Ripple Launches Stablecoin Initiative Aiming for Global Exchange Integration and Enhanced Cryptocurrency Adoption

Ripple, a well-known blockchain company, is set to launch its stablecoin, Ripple USD (RLUSD), on December 17. This dollar-backed digital currency aims to enhance the use of stablecoins in global finance, especially with expected regulatory clarity following Donald Trump’s recent election. Initially, RLUSD will be available on platforms like Uphold and Bitso, with plans to ...

Market News

Crypto Investment Products Achieve Record Year-to-Date Inflows, CoinShares Reports Unprecedented Growth in 2023 Financial Landscape

Crypto investment products have surged in 2024, with net inflows reaching an impressive $3.2 billion just last week, according to CoinShares. This has pushed the total year-to-date inflows to a record $44.5 billion, surpassing previous years by four times. A significant portion of this growth is driven by U.S. spot Bitcoin exchange-traded funds (ETFs), which ...

Market News

Bitcoin Surges Past $107,000 Amid US Strategic Reserve Hopes – Latest Crypto News Update

Bitcoin has soared past $107,000, driven by optimism following U.S. President-elect Donald Trump’s promise to create a Bitcoin strategic reserve akin to the country’s oil reserves. This news has excited cryptocurrency investors, leading to a 5.43 percent increase in Bitcoin’s value. Analysts note that the Market is looking toward the next milestone of $110,000, as ...

Market News

High Volume Put Options Surge for BlackRock’s Bitcoin ETF: What the $30-$35 Levels Mean for Investors

Recent activity in put options for BlackRock’s Nasdaq-listed spot bitcoin ETF (IBIT) has raised eyebrows, with more than 13,000 contracts for $30 out-of-the-money puts being traded. Despite this surge, experts suggest that this may not indicate a bearish outlook. Much of the trading volume reflects a strategy called “cash-secured put selling,” where traders aim to ...

Market News

MicroStrategy Stock Surges with New Bitcoin Purchase and Nasdaq 100 Inclusion: What Investors Need to Know

MicroStrategy’s stock, MSTR, saw a nearly 5% increase on Monday following news of the company’s recent bitcoin purchase and its upcoming inclusion in the Nasdaq 100 index. The software firm bought an additional 15,350 bitcoins for $1.5 billion, bringing its total holdings to around 440,000 bitcoins, making it the largest corporate investor in the cryptocurrency. ...

Market News

MicroStrategy Stock Surges with New Bitcoin Purchase and Nasdaq 100 Inclusion: What Investors Need to Know

MicroStrategy’s stock saw a nearly 5% increase on Monday, following the company’s announcement of a significant bitcoin purchase and its upcoming entry into the Nasdaq 100. The company acquired 15,350 bitcoins for $1.5 billion, boosting its total holdings to approximately 440,000 bitcoins, making it the largest corporate bitcoin investor. Recent Market dynamics, including Bitcoin’s surge ...

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