Category: Business News

This week, spot bitcoin exchange-traded funds (ETFs) recorded their largest outflows since May, with $541 million withdrawn on Monday alone. Agne Linge, head of growth at WeFi, commented on the trend, noting the impact of the upcoming U.S. presidential election. “The uncertainty surrounding this election, considered one of the most consequential in recent years, has…

Jimmy Donaldson, widely known as MrBeast and one of YouTube’s most influential personalities, is embroiled in a fresh controversy over his alleged involvement in questionable cryptocurrency activities. On October 29, a detailed investigation by crypto researchers surfaced claims that MrBeast may have been involved in multiple “pump-and-dump” schemes. These operations allegedly allowed him to profit…

Bitcoin has surged over 8% in just two trading sessions, edging close to its all-time high of nearly $74,000, previously reached in March. On Tuesday, the leading cryptocurrency spiked as high as $73,433 in New York trading. Meanwhile, other popular tokens like Ethereum (ETH) and the meme-favorite Dogecoin (DOGE) saw similar upward momentum. The upcoming…

In a recent report, Arkham Intelligence disclosed that cybercriminals allegedly stole $20 million in cryptocurrency from U.S. government wallets, including holdings in USD Coin, Tether, aUSDC, and Ethereum. The attackers are reportedly laundering the funds through addresses associated with known money laundering services. The U.S. government, a major player in the cryptocurrency space, is estimated…

Leading analysts at Bernstein have issued a bold forecast for Bitcoin, projecting that the cryptocurrency could soar to $200,000 by the end of 2025. Gautam Chhugani, the firm’s digital assets lead, called this projection “conservative” in a recent client note, citing Bitcoin’s capped supply and the rapidly increasing U.S. debt, which has now surpassed $35…