Crypto Currency

UK Sees First Arrest for Illegal Crypto ATM Operation

Reading Time: 2 minutes A Kent shop owner has become the first person in the UK charged with operating a cryptocurrency ATM Kent Police seized several crypto ATMs from the Gadcet shop during a search on April 28, 2023 Authorities banned crypto ATMs in 2022, and this case marks the first arrest for violating that

Published 1 year ago in
UK Sees First Arrest for Illegal Crypto ATM Operation

Reading Time: 2 minutes A Kent shop owner has become the first person in the UK charged with operating a cryptocurrency ATM Kent Police seized several crypto ATMs from the Gadcet shop during a search on April 28, 2023 Authorities banned crypto ATMs in 2022, and this case marks the first arrest for violating that law A shop owner from Kent has become the first person in the UK to be charged with operating a cryptocurrency ATM…
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Crypto Currency

Bitcoin Price Slumps 5%, Bearish Momentum Returns With Force

Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,500 support. The price is trading below $66,500 and the 100 hourly simple moving average…

Published 28 minutes ago in
Bitcoin Price Slumps 5%, Bearish Momentum Returns With Force

Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,500 support. The price is trading below $66,500 and the 100 hourly simple moving average…
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Crypto Currency

Bithumb Bitcoin Blunder: $1.3B Error Sparks Probe Into Weak Financial Oversight

Bithumb CEO admited past mistakes following the latest 620,000 BTC blunder which has prompting further investigations into system flaws…

Published 28 minutes ago in
Bithumb Bitcoin Blunder: $1.3B Error Sparks Probe Into Weak Financial Oversight

Bithumb CEO admited past mistakes following the latest 620,000 BTC blunder which has prompting further investigations into system flaws…
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Crypto Currency

Yield Tsunami Bitcoin: Fed Rate Cuts Could Trigger Massive Capital Rotation Into STRC

TLDR: A 300bps rate drop could erase nearly $234B in annual MMF income. Even 5% MMF rotation may release $390B into higher-yield alternatives. STRC’s 11.25% yield positions it for institutional inflows during easing. New STRC issuance could translate into large-scale Bitcoin purchases. Yield Tsunami Bitcoin is gaining attention after investor Adam Livingston projected a sharp

Published 28 minutes ago in
Yield Tsunami Bitcoin: Fed Rate Cuts Could Trigger Massive Capital Rotation Into STRC

TLDR: A 300bps rate drop could erase nearly $234B in annual MMF income. Even 5% MMF rotation may release $390B into higher-yield alternatives. STRC’s 11.25% yield positions it for institutional inflows during easing. New STRC issuance could translate into large-scale Bitcoin purchases. Yield Tsunami Bitcoin is gaining attention after investor Adam Livingston projected a sharp […]
The post Yield Tsunami Bitcoin: Fed Rate Cuts Could Trigger Massive Capital Rotation Into STRC appeared first on Blockonomi…
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Crypto Currency

Bitcoin’s calm price action is a trap: The steady ETF bid that supported it has already disappeared

Spot Bitcoin ETFs gave the market a clean, daily scoreboard: a green print meant fresh cash crossing the boundary from traditional brokerage accounts into Bitcoin exposure, and a red print meant the opposite. For much of the first year of spot ETFs in the US, that scoreboard tracked sentiment and set the market’s tempo…

Published 28 minutes ago in
Bitcoin’s calm price action is a trap: The steady ETF bid that supported it has already disappeared

Spot Bitcoin ETFs gave the market a clean, daily scoreboard: a green print meant fresh cash crossing the boundary from traditional brokerage accounts into Bitcoin exposure, and a red print meant the opposite. For much of the first year of spot ETFs in the US, that scoreboard tracked sentiment and set the market’s tempo…
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