Bitcoin miner capitulation still hasn't happened yet, says Gryphon CEO Rob Chang
Gryphon’s CEO discusses miner capitulation and why Bitcoin acquisition isn't their current focus.
Gryphon’s CEO discusses miner capitulation and why Bitcoin acquisition isn't their current focus.
The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. Since 2020, the FTC says, fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024, consumers have lost more than $66 million to these scams. Scammers use tactics like fake phone calls, messages and security alerts to convince people that they're in danger, and that they should deposit cash into a Bitcoin ATM to protect it.
Over $1 billion worth was moved off of centralized exchanges over the last 7 days.
After several years of keeping a low profile, largely in part to the FTX scandal and conviction of Sam Bankman-Fried, crypto firms are making their way back into professional sports
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any customer had in WazirX is unlikely to be recovered. Last week, WazirX asked a Singapore High Court for six months' protection while it restructures its liabiliti
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
Losses from bitcoin ATM scams climbed above $110 million in 2023 and already are up to more than $65 million in the first six months of this year, with people over the age of 60 particularly susceptible.
Bitcoin prices are expected to be volatile in September.
Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.
(Bloomberg) -- Crypto investment firm Galois Capital Management will pay a $225,000 fine over Securities and Exchange Commission allegations that it broke rules for safeguarding client assets, including holding some of them in accounts with now bankrupt exchange FTX.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatA Guide to Urban Swimming in Europe, Beyond the SeineThe SEC said Tuesday that in addition to breaking