Coinbase accused of neglecting security, costing users up to $300M annually

Arthur Hayes connects Federal Reserve actions to a short-lived economic boost with ripple effects on Bitcoin and broader crypto markets, underscoring risks from yen carry trade unwinds.

For the past 17 days, Bitcoin (BTC) price has been trading within a narrow 8.5% range from $27,250 to $29,550, causing the 40-day volatility metric to drop below 40%. This wasn't restricted to cryptocurrencies as the S&P500 index's historical volatility has reached 17%, its lowest level since December 2021.But will $28,000 become the new resistance?…

Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8.Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.Aju Daily…

Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to $1.8…

Bitcoin dominates but Ethereum is growing in popularity for institutional investment products. 2041 Total views 18 Total shares According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021.According to Coinshares’ March 15 Fund Flows Weekly report first quarter inflows into cryptocurrency funds are…

The initial coin offerings (ICO) sector is showing signs of an uptick due to positive investor sentiment, apparently spurred by the recent crypto market rally. The data was revealed in a new report from token rating platform ICObench, shared with Cointelegraph on May 25.Providing data as of May 21, the report notes that the success…

After the given deadline, Yingjiang County reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction. 970 Total views 7 Total shares Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that…

The price of Bitcoin (BTC) increased from $7,700 to $9,500 in merely 48 hours from Wednesday to Thursday, rising by more than 22%. The market has cooled down since, with the dominant cryptocurrency dropping back below $9,000.All key data points — such as spot market data, futures volume and institutional demand — suggest that the…