‘Definition of a leverage driven pump’ — 5 Things to know in Bitcoin this week
Bitcoin is attempting to break higher this week — but plenty of hurdles stand in the way of bulls looking for a sustained BTC price rally. Go to Source
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Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M
The Japanese investment firm has scooped up more than 200 Bitcoin so far this month. Go to Source
Bitcoin ‘still the best-performing asset’ after weak Q3: NYDIG
Bitcoin is currently exactly where it was in the last two cycles, said NYDIG’s research head Greg Cipolaro, who said crypto could be in for a big Q4. Go to Source
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability. IMF Urges El Salvador to Tackle Bitcoin … Read more
Crypto Fraud Ring Dismantled by Vietnamese Authorities
Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency schemes. Led by foreign criminals, the group operated from Laos and defrauded victims of tens of billions of dong. Key Vietnamese suspects, trained in digital deception, have been arrested for their roles in the scheme, which included using fake … Read more
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions
The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially as some provisions retroactively affect transactions since 2018. UAE’s VAT Amendments Introduce Retroactive Tax … Read more
L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security
Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling. Growing L2 Adoption Raises Concerns … Read more
Bitcoin’s rise above $62,000 could pull APT, WIF, FTM, and BGB higher
Bitcoin’s recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB. Go to Source
US Targets Lazarus Group and APT38 in $879M Crypto Forfeiture Complaint
Offshore Alert reporter David Marchant disclosed the United States has initiated two forfeiture complaints related to previously confiscated bitcoin (BTC) and tether (USDT), alleging that these funds were snatched by the notorious North Korean hacking groups Lazarus Group and Advanced Persistent Threat 38 (APT38). These cyber hacking syndicates are known for their operations to fund … Read more
Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb, currently priced at $2,432—sitting 50.2% … Read more