Bitcoin Financial News

ARK Invest, known for its involvement in the spot Bitcoin exchange-traded fund (ETF) market, has decided to cash in on its Coinbaseshares as the price per share climbed above $270. 

BlockDAG (BDAG) emerges as a beacon of innovation, drawing significant attention and investment. With its presale recording an impressive $5.82 million, BlockDAG stands out for its high performance and potential. This new technology aims to surpass traditional blockchain frameworks, offering enhanced scalability, security, and efficiency—features that could potentially reshape the future of digital transactions and blockchain applications.

Amid the volatility in crypto markets, Bitcoin spent the week testing key support levels and reacting to macroeconomic data.

Investing.com-- Bitcoin price weakened in Asian trade on Friday as strength in the dollar, which rebounded sharply to three-week highs, pushed the world’s largest cryptocurrency below $65,000. 

Bitcoin has experienced a pullback of over 10% from its all-time high, with the demand for spot Bitcoin exchange-traded funds (ETFs) showing signs of moderation, while a nalysts at JPMorgan Chase and Co. have cautioned that this retreat may have more room to run, Bloomberg  reported Friday . 

Cryptocurrencies are no longer on the fringe of finance, and some parents are exploring them as an investment to build their children’s future nest egg.

The Bitcoin bull cycle is still far from over with many large Bitcoin investors selling, as the market is entering a period of price correction, according to on-chain analytics platform CryptoQuant.

Wayne Stork and his wife Diana had not heard of the SIM swap scam until they became victims.The Greater Toronto Area couple did nothing wrong but they lost about $140,000 anyway.“It’s a nightmare,” Wayne told Global News in a television interview, his wife Diana at his side.“We’re doing this, in part, to get the word out,” Diana said.The Storks are longtime customers of Freedom Mobile. Last September, when the couple were at home, Wayne’s phone suddenly stopped working.“My phone went into SOS mode, it was deactivated,” he said.From that point, Wayne had no use of the phone, but someone else had access to the personal information attached to it.“He (Wayne) was watching his accounts drain of money, that’s when the panic set in,” Diana said.Over the next 24 hours, scammers had gained access to Wayne’s stock trading account and other accounts, including a cryptocurrency one that contained the proceeds from an inheritance.“The Bitcoin was worth $140,000, and we lost that,” Diana said.When the couple called Freedom Mobile’s customer service line, they say a representative said records showed someone had obtained a new SIM card in a retail location in Toronto, apparently claiming to be Stork.Stork says the phone representative asked “weren’t you in the store yesterday to get a new SIM card?” to which Stork said no, it wasn’t him.A SIM swap scam can take different forms.

Since the start of the year, Binance has listed a handful of meme coins like $MYRO and $WIF, introduced DePIN projects to its exchange like $FIL, and listed digital asset management in gaming projects like $PORTAL. With the listing spree in full swing, here are some of the top-performing cryptos to monitor in 2024 with potential upcoming Binance listings.

The market has been climbing since October 2023 due to initial rumors that the SEC might list a Bitcoin spot ETF. That speculation came true in January 2024 after the SEC approved not just one but twelve Bitcoin spot ETFs to be traded on US financial markets. With institutional flows incoming and a Bitcoin block halving on the way, experts suggest a supply shock will hit the market, which could lead to much higher prices throughout 2024.

Over the past couple of weeks, economic data, especially inflation, have dampened risk appetite and led to a sharp correction in cryptos.

As crypto markets take a breather following a huge post-Fed meeting rally on Wednesday, investors hunting for the best crypto to buy today are scouring altcoins markets for outperformers.

The newest Solana meme coin DogWifCat ($DWIFC) launched at 17:00 UTC yesterday, Wednesday March 20th, and has soared 2,367% to $0.01021 as frenzied buying accelerates.

DogWifHat (WIF) has lost 26% over the last week, making for some of the heaviest seven-day losses for a leading cryptocurrency today. It trades at $2.41 as of this writing, according to CoinGecko. 

The biggest cryptocurrency by market value is continuing to rally with the price reaching above $65,000 (€59,919) in the early Asian trade on Monday, as institutional investors pushed up the prices of cryptocurrencies. 

FTX’s caretaker chief executive has branded Sam Bankman-Fried a deluded criminal who masterminded a “colossal fraud,” and accused the bankrupt cryptocurrency exchange’s founder of lying about the losses incurred by former customers in an attempt to reduce his sentence.

Bitcoin price rebounded sharply from recent losses on Thursday, tracking a broader rally in risk-driven markets after the Federal Reserve kept interest rates steady and signaled that rate cuts were coming in 2024.

Stock and cryptocurrency prices rose higher after the Federal Reserve announced they were keeping interest rates unchanged while also reiterating expectations of three rate cuts before the end of 2024.

A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of bitcoin for a Chinese fugitive.

Crypto exchange Kraken launched a crypto custody service in the US targeted at institutional clients on Wednesday.

Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments.