Day: October 31, 2024

DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle

2024-10-31 By admin

A federal jury convicted a man for orchestrating an NFT rug pull scheme, pocketing nearly $400,000 through abandoned projects and cryptocurrency laundering schemes. The NFT Rug Pull That Went Too Far — Federal Jury Brings Verdict The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, […]

Nexo Launches Digital Asset Wealth Platform in Strategic Rebrand

2024-10-31 By admin

Nexo has announced a rebranding initiative, repositioning itself as a digital asset wealth platform aimed at long-term crypto wealth management. Nexo Targets Wealthy Investors With Rebrand Amid Crypto Market Changes According to the announcement shared with Bitcoin.com News, the development aligns with the evolving crypto landscape as Nexo seeks to cater to experienced investors interested […]

Build on Bitcoin Protocol Joins Superchain as First Hybrid L2

2024-10-31 By admin

BOB, short for “Build on Bitcoin,” is now part of the Superchain ecosystem, a network expanding with Optimism’s OP Stack. As a hybrid layer-two (L2) solution, BOB taps into the strengths of both Bitcoin and Ethereum, merging Bitcoin’s security with Ethereum’s adaptable framework. This blend overcomes Bitcoin’s limitations in smart contracts and interoperability, creating a […]

‘Trump Victory’ Stock Rallies in China Before US Elections

2024-10-31 By admin

Wisesoft, a software company that builds air control programs, has doubled its share prices in the last month due to the association of its Chinese name with the victory of candidate Donald Trump in the upcoming U.S. presidential elections. Donald Trump Victory Stock Rises in Anticipation of Election Outcome Wisesoft, a company that builds software […]

Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm

2024-10-31 By admin

Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ decision to pump £70 billion into government spending—funded through additional borrowing—has stirred up significant unease among investors. They’re concerned this move could lead to higher inflation and escalating interest rates. […]

Bitcoin ETFs Amass 1 Million BTC – A New Leader Emerges

2024-10-31 By admin

New data reveals that spot bitcoin exchange-traded funds (ETFs) have collectively surpassed the impressive milestone of holding over 1 million BTC. How 12 U.S. Bitcoin ETFs Quickly Acquired 1 Million BTC In just 293 days, the 12 U.S. spot bitcoin ETFs have accumulated more than 1 million BTC, totaling nearly $71 billion. Since Jan. 11, […]

Bitcoin ETFs Capture $893M in a Day: Which Funds Are Pulling Ahead?

2024-10-31 By admin

Based on Wednesday’s data, spot bitcoin exchange-traded funds (ETFs) attracted inflows totaling $893.21 million, with Blackrock taking a notable lead. Blackrock’s Bitcoin ETF Hits Big Numbers Crypto ETFs continue to draw investor attention as both spot bitcoin and ether funds posted gains. The bitcoin ETFs nearly reached $1 billion, securing $893.21 million, led by Blackrock’s […]