BTC Archives

JPMorgan CEO Jamie Dimon criticizes Bitcoin as lacking value

15 hours ago 1 min read

Jamie Dimon, the CEO of JPMorgan, has expressed his skepticism about Bitcoin, likening it to an unhealthy habit like smoking. In a CBS News interview on January 12, he criticized Bitcoin for lacking intrinsic value and being associated with illegal activities such as money laundering and sex trafficking. Although he sees potential in digital currencies, Dimon remains opposed to Bitcoin specifically. Dimon clarified that he is not against all cryptocurrencies

Hacker hacks Litecoin’s X account to promote a fake Solana-based token

January 13, 2025 1 min read

Today, reports emerged that the official X account of Litecoin was hacked. The hacker used the account to promote a fake token based on Solana, which shared the same LTC ticker as the real Litecoin. This unauthorized post included a contract address for the fraudulent token, causing its market cap to briefly rise to $27,000 before dropping to $3,400, according to DEX Screener. The misleading tweet was later removed. Litecoin

XRP has experienced a significant rise of 9.89%, reaching $2.59, driven by recent adoption news. Currently, it is trading at $2.52, reflecting a 7.42% increase in the last 24 hours. This surge indicates growing interest in XRP, highlighted by increased trading volumes and emerging technical patterns. The market capitalization of XRP has climbed to $144.68 billion, also up by 7.42%. The trading volume in the past 24 hours has surged by 75.66%, reaching $8.89 billion, showing heightened trading activity. XRP's fully diluted valuation (FDV) is at $251.66 billion, with a market cap ratio of 6.1%. A significant number of short positions have been opened at $2.60, creating a critical liquidation zone. Market makers may target this level, which could lead to increased volatility. Traders are monitoring price movements closely around this threshold. XRP's chart presents mixed signals. Resistance is identified at $2.60, while immediate support is at $2.45. If XRP breaks above $2.60, it could rise towards $2.75. Conversely, if support fails, it may drop to $2.30. The Relative Strength Index (RSI) is at 67.13, approaching the overbought territory.

XRP is up by over 10% with a market cap of $145B

January 12, 2025 1 min read

XRP has experienced a significant rise of 9.89%, reaching $2.59, driven by recent adoption news. Currently, it is trading at $2.52, reflecting a 7.42% increase in the last 24 hours. This surge indicates growing interest in XRP, highlighted by increased trading volumes and emerging technical patterns. The market capitalization of XRP has climbed to $144.68 billion, also up by 7.42%. The trading volume in the past 24 hours has surged

US charges 3 Russians for crypto money laundering

January 12, 2025 1 min read

Three individuals, Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov, have been indicted for running crypto mixing services Blender.io and Sinbad.io. These platforms allegedly helped criminals launder funds from ransomware attacks and other crimes. U.S. Attorney Ryan K. Buchanan emphasized the commitment to dismantling cybercriminal infrastructure. The indictment states that these mixers provided a way to hide the origins of illegally obtained cryptocurrency. Brent S. Wible, from the

Kenya plans to legalize cryptocurrencies

January 12, 2025 1 min read

Kenya is moving towards legalizing cryptocurrencies, according to Treasury Cabinet Secretary John Mbadi. This marks a significant change from the government’s earlier warnings about the crypto industry. Mbadi highlighted the rise of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), which present both opportunities and challenges in the financial system. He emphasized the importance of creating a regulatory framework to harness the benefits of cryptocurrencies while addressing risks like

Shareholders suggest Meta assess Bitcoin as a potential treasury asset

January 12, 2025 1 min read

Meta Platforms Inc. shareholders are urging the company to consider adding Bitcoin to its Treasury. They are concerned about inflation diminishing the value of Meta’s $72 billion cash reserves. Shareholder Ethan Peck is advocating for a formal evaluation of Bitcoin’s potential role in preserving value amid rising inflation. He argues that inflation is consistently reducing the purchasing power of Meta’s cash holdings. As of September 30, 2024, Meta reported $72

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves

January 12, 2025 1 min read

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves. These bills take a tech-neutral stance, avoiding direct references to Bitcoin, which reflects a strategic effort to integrate cryptocurrency into state finances. This move aligns with plans from the new administration to incorporate crypto into economic strategies, showing a growing trend among U.S. states. The main goal is to diversify state funds to guard against financial risks like

Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm

January 11, 2025 1 min read

An Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm. Travis Ford, a 35-year-old man from Oklahoma, has pleaded guilty to conspiracy to commit wire fraud. He was involved in running a fraudulent crypto investment firm called Wolf Capital Crypto Trading LLC. The U.S. Department of Justice announced this on Friday. Ford was the co-founder, CEO, and head trader of Wolf Capital. He encouraged people to invest

Crypto analyst says Bitcoin can hit $200K by the end of 2025

January 11, 2025 1 min read

Crypto analyst says Bitcoin can hit $200K by the end of 2025. Bitcoin has recently rebounded, trading above $94,000 after a market drop. The main question now is whether this low will hold, potentially allowing for further gains. Previously, Bitcoin reached $100,000 on December 4 and peaked at $108,268 on December 17, which excited investors and marked a significant psychological milestone. The rise in Bitcoin’s value coincided with Donald Trump’s

Russian authorities have seized approximately $10 million worth of Bitcoin

Russia seizes 2,718 Bitcoin worth $10 million from ex-ICRF official

January 11, 2025 1 min read

Russian authorities have confiscated about $10 million in Bitcoin from Marat Tambiev, a former employee of the Investigative Committee of the Russian Federation (ICRF). The seizure included 103 Bitcoin stored in a Ledger Nano X hardware wallet. This event highlights Russia’s approach to digital assets in legal matters. Tambiev’s case is linked to the largest bribery scandal in Russian history, involving a bribe of 2,718 BTC, valued at approximately $258

Kraken starts notifying customers about the distribution of FTX claims

January 11, 2025 1 min read

Kraken has started distributing claims for creditors of the collapsed cryptocurrency exchange, FTX. This announcement comes from Sunil, an FTX creditor activist. Creditors who opted for Kraken to manage their claims are receiving emails confirming the completion of the onboarding process. This marks an important step in repaying creditors after FTX’s bankruptcy in 2022. BitGo, another company assigned to handle claims, will begin its distribution process soon, although no specific

A recent survey by Bitwise, an asset management firm, shows increasing interest in cryptocurrency among US financial advisors. The survey, conducted from November 14 to December 20, 2024, found that 56% of advisors are more likely to invest in crypto after the 2024 elections. This indicates a shift towards integrating crypto into mainstream financial portfolios. In 2024, 22% of advisors included crypto in client portfolios, a rise from 11% in 2023. Client interest is also high, with 96% of advisors receiving inquiries about cryptocurrency last year. Among those already investing in crypto, 99% plan to maintain or increase their investments in 2025. Bitwise's Chief Investment Officer, Matt Hougan, noted that 2024 marked a significant moment for crypto adoption, as advisors are recognizing its potential. However, challenges remain, as two-thirds of advisors still lack direct access to crypto for their clients. Access to crypto investments is limited, with only 35% of advisors able to directly purchase crypto for clients. Many advisors prefer crypto equity ETFs for market exposure without direct investment in cryptocurrencies. Regulatory concerns have also been a barrier, but in 2024, only 50% of advisors cited regulatory uncertainty as a major issue, down from previous years. The survey indicates a change in attitude among advisors who were once hesitant about crypto. In 2024, 8% of these advisors considered investing in crypto, which has now increased to 19%. This suggests a growing acceptance of crypto as a viable asset class. The Bitwise survey included 400 financial advisors from various sectors in the US. Looking ahead, 2025 is expected to be a crucial year for crypto in financial advisory, with rising demand, improved regulations, and new investment products likely to drive further adoption.

A Bitwise survey reveals 56% of US financial advisors plan crypto investments in 2025

January 11, 2025 1 min read

A recent survey by Bitwise, an asset management firm, shows increasing interest in cryptocurrency among US financial advisors. The survey, conducted from November 14 to December 20, 2024, found that 56% of advisors are more likely to invest in crypto after the 2024 elections. This indicates a shift towards integrating crypto into mainstream financial portfolios. In 2024, 22% of advisors included crypto in client portfolios, a rise from 11% in