Cryptocurrency News

13 February

Robinhood Reports Record Q4 Profit as Trump’s Win Sparks Trading Frenzy

Trading platform Robinhood has posted a record-breaking Q4 profit, fueled by a surge in equity and cryptocurrency trading following Donald Trump’s election victory. The results highlight how political events can drive market volatility, creating lucrative opportunities for trading platforms. Trump’s Win Triggers Market Surge Following Trump’s unexpected win, markets experienced heightened volatility, with both stocks and cryptocurrencies seeing significant price …

13 February

1 in 4 South Koreans Invest in Crypto, Majority Chase Short-Term Gains – Survey

A recent survey has revealed that 1 in 4 South Koreans owns cryptocurrency, with most investors focused on short-term gains rather than long-term holding. The findings highlight the growing influence of digital assets in South Korea, a country known for its high crypto adoption and active trading community. Crypto Adoption on the Rise in South Korea The survey, conducted by …

13 February

TwentyOneVC Unveils Crypto Arbitrage Service to Capitalize on Market Gaps

Venture capital firm TwentyOneVC has launched a new crypto arbitrage service aimed at profiting from price discrepancies across different exchanges. This initiative seeks to leverage market inefficiencies, offering investors a strategic way to generate returns in the fast-moving world of digital assets. What is Crypto Arbitrage? Crypto arbitrage involves buying an asset on one exchange at a lower price and …

13 February

US Law Enforcement Group Makes History by Adding Bitcoin to Balance Sheet

In a groundbreaking move, a US law enforcement association has become the first of its kind to hold Bitcoin on its balance sheet. This decision marks a significant step in the adoption of digital assets by public-sector organizations, signaling growing institutional confidence in cryptocurrency. A Historic First for Law Enforcement The unnamed law enforcement association, which represents officers and agencies …

13 February

Texas Lawmakers Revive Bitcoin Reserve Bill, Now Covering More Cryptos

Texas lawmakers have reintroduced a bill that aims to establish a state-backed Bitcoin reserve, but this time with a broader scope to include other cryptocurrencies. The move signals Texas’ continued push to become a leader in digital asset adoption while integrating crypto into its financial strategy. A Second Attempt at a Crypto Reserve The original bill, introduced in 2023, sought …

13 February

Illegal Bitcoin Mine Sparks Explosion in Malaysia, Police Uncover Hidden Operation

An illegal Bitcoin mining operation in Malaysia led to a massive explosion, drawing the attention of local authorities. Police investigating the incident discovered a hidden setup filled with mining rigs and industrial blower fans, which were likely used to cool the overheated machines. Explosion Leads to Shocking Discovery The explosion, which occurred in [city or region], was initially suspected to …

13 February

Coinbase Plots a Comeback in India After Year-Long Hiatus

Global cryptocurrency exchange Coinbase is reportedly planning to re-enter the Indian market after more than a year away, marking a potential comeback for the company in one of the world’s fastest-growing crypto hubs. Coinbase’s Previous Struggles in India Coinbase initially launched in India in April 2022 but faced regulatory hurdles soon after. The company had to halt its services due …

11 February

Hong Kong Now Accepts Bitcoin & Ether as Proof of Assets for Investment Visa

Crypto Counts: BTC and ETH Recognized in Hong Kong’s $3.8M Investment Visa Scheme Crypto Boost: Hong Kong Allows Bitcoin, Ether as Asset Proof for Capital Visa Hong Kong’s Investment Visa Opens Doors to Crypto Holders BTC & ETH Make the Cut: Hong Kong’s New Visa Scheme Embraces Crypto Assets Hong Kong Now Accepts Bitcoin and Ether as Proof of Assets …

11 February

BestChange Blocked in Russia: Crypto Platform Seeks Answers from Regulators

Russia Blocks BestChange Website Amid Legal Concerns—Platform in Talks with Central Bank Crypto Clash: BestChange Website Blocked by Russian Watchdog, Reason Unclear BestChange Faces Russian Ban Despite Legal Crypto Mining—What’s Behind It? Russia’s Roskomnadzor Blocks BestChange: Crypto Regulations Under Scrutiny (Reuters) — Cryptocurrency exchange platform BestChange announced that its website has been blocked by Russia’s communications regulator, Roskomnadzor, though the …

11 February

X Marks the Scam: Social Media Drives $500M in Crypto Losses

$500M Lost to Memecoin Scams in 2024: Celebrities Targeted in Major Crypto Heists From Mbappe to Wiz Khalifa: How Social Engineering Fueled $500M in Crypto Scams Rug Pull Epidemic: Memecoin Scams Wipe Out Half a Billion Dollars in 2024 Memecoin Scams Cost Investors Over $500 Million in 2024, Says Merkle Science Report More than $500 million was lost to memecoin …