cryptocurrency
Bitcoin, the world’s first decentralized digital currency, has been on a roller coaster ride over the past year. Its value has skyrocketed by over 100%, thanks to several factors, including the creation of Bitcoin Exchange-Traded Funds (ETFs) and the Bitcoin halving process. But despite the stock market hitting all-time highs, the cryptocurrency has seen a 20% drawdown in the past month. This article explores the reasons behind this recent downturn and the potential implications for Bitcoin’s future. Bitcoin’s constrained supplyOne of Bitcoin’s most appealing attributes is its constrained supp...
Due
Germany could be contributing to Bitcoin’s recent decline, with the government revealing that it has started auctioning off approximately €2.5 billion of bitcoin which it seized at the start of the year from Movie2K, a defunct pirated films website. The sheer size of this sale has led to an unexpected inflow of bitcoin onto the market, contributing to falling prices over the last few weeks. Currently, Germany is fourth in the list of countries holding Bitcoin officially, following by the US, China and Britain. The German government confiscated almost 50,000 bitcoin stored in a digital wallet, ...
Euronews (English)
Portfolio diversification is a common strategy for safe, effective long-term investing. However, figuring out healthy asset allocation in an online-focused world can be challenging. There are a lot of options, and it is difficult to gauge risk in newer investment scenarios. For instance, treasury and risk management opportunities for insurance companies, pension funds, and family offices are becoming increasingly important. Tokenized real estate is also a popular option that decreases liquidity risk while maintaining higher yields, making it a valuable addition to a diversified portfolio. Many...
Due
Hong Kong police have arrested two women over allegedly abducting a three-year-old boy from a shopping mall for a ransom of more than HK$5 million in cryptocurrency. The boy was rescued by the police from a housing estate in Tseung Kwan O at 5.25 am on Thursday after being kidnapped from the nearby TKO Plaza shopping mall on Wednesday afternoon, according to local media reports. Speaking to reporters on Thursday, Chief Superintendent Kwan King-pan of the police force’s Organised Crime and Triad Bureau said two 38-year-old women had been arrested, who told police they were unemployed. They were...
Hong Kong Free Press
ValueWalk
Forgetting a password is a pain, but it was a near catastrophe in this case when a man forgot the password for his Bitcoin wallet worth $3 Million! But after 11 years, security experts finally cracked the password, recovering his fortune and giving him immense relief. Per a report, security researchers have managed to recover a hefty sum of money by cracking a password to an inaccessible crypto wallet for 11 years. Electrical engineer Joe Grand, known online as "Kingpin", was brought in to crack the encryption on a file containing 43.6 BTC. The hefty sum of cryptocurrency was secured by a pass...
IBTimes
ValueWalk
Key diary datesIn spotlightThe EU’s landmark cryptocurrency law takes effect this week, and it doesn’t look like it’s going to be smooth sailing. The Markets in Crypto Assets regulation, MiCA, was finalised last year after years of haggling – and represents a world-first. MiCA adapts financial laws to apply to those trading bitcoin and its ilk, offering a modicum of consumer protection in a sector prone to scams and manipulation. But industry figures complain the rules are still unclear after being finalised late. With just days to go until the rules take effect, we haven’t identified a single...
Euronews (English)
The EU’s landmark regulation for crypto takes effect within the week – and it doesn’t seem that any major specialised players have succeeded in getting authorised. The new regime offers players like exchanges and wallet providers the chance to apply for a license that will let them operate across the bloc. Brussels has crowed about being the first global jurisdiction to set tailored rules for the cryptocurrency market – one that’s seen significant turbulence and manipulation. But, with the clock ticking down, the jury’s still out on whether the EU’s Markets in Crypto Assets law, MiCA, heralds ...
Euronews (English)
Turkey’s biggest cryptocurrency market BtcTurk said in an announcement on Saturday that their exchange had been hacked, while a popular Bitcoin analyst claimed that the amount of money stolen amounted to nearly 51 million euros. “Our teams have detected that there was a cyber attack on our platform on June 22, 2024, which caused uncontrolled withdrawals to be processed. Only some of the balances in the hot wallets of 10 cryptocurrencies were affected by the cyber attack in question, and our cold wallets, where most of the assets are kept, are safe,” the exchange said in the statement. A hot wa...
Euronews (English)
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