Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios

September 24, 2024 Bitcoin.com

bitcoin.com

A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […]

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Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

September 11, 2024 Coin Telegraph

Bitcoin

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.

The United States Federal Bureau of Investigation announced on Sept. 3 that North Korean scammers and hackers were targeting firms associated with cryptocurrency-related exchange-traded funds (ETFs).

Despite the billions of dollars flowing into these crypto ETFs, investors may be too quick to assume their assets are fully secure.

North Korean hacker groups such as Lazarus Group are no strangers to the cryptocurrency industry and are suspected of committing a number of hacks against prominent exchanges and blockchain protocols.

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Vitalik says ‘at present’ his donations yield better gains than investments

September 6, 2024 Coin Telegraph

Coin Telegraph

The commentary came as the Ethereum co-founder denies allegations that he’s cashing out crypto for profit.

Ethereum co-founder Vitalik Buterin recently explained that he would no longer invest in layer-2 projects and that all proceeds from selling Ether would be donated “to support public goods within the Ethereum ecosystem or broader charity.”

Buterin’s remarks came in response to questions raised by users on X.com over a recent slate of cryptocurrency transfers he’d been involved in. As Cointelegraph recently reported, Buterin was accused by crypto denizens on social media of dumping millions in Ether (ETH) for personal profit. He subsequently denied these allegations saying that “all sales have been to support various projects that I think are valuable.”

Source: Vitalik Buterin

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Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

September 2, 2024 Bitcoin.com

Arrest

South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […]

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Central banks buying gold at record levels, but Bitcoin still outperforms

September 2, 2024 Coin Telegraph

Bitcoin

Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.

Central banks across the globe have been stocking up their gold reserves at record levels this year in a pivot to store of value assets.

In a post on X on Sept. 2, macroeconomics outlet, the Kobeissi Letter reported that global net gold purchases by central banks reached 483 tonnes in the first half of 2024, the most on record.

It added that the figure is 5% higher than the previous record of 460 tonnes which was set in the first half of 2023. In Q2 2024, central banks bought 183 tonnes of gold, marking a 6% increase year-over-year.

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Payments in National Currencies Surge to 92% Among SCO Members

September 1, 2024 Bitcoin.com

bitcoin.com

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

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US lawmaker reports AERO, GRT and VELO investments in 2024

August 27, 2024 Coin Telegraph

Coin Telegraph

Georgia Representative Mike Collins previously disclosed purchasing up to $65,000 in ETH, but seems to have moved onto altcoin investments.

Mike Collins, who has represented Georgia’s 10th Congressional District in the United States House of Representatives since 2023, disclosed three altcoin investments while in Congress.

In financial disclosure reports filed with the House of Representatives from July to August, Representative Collins revealed purchases of up to $15,000 in Velodrome (VELO), up to $15,000 in The Graph (GRT), and up to $115,000 in Aerodrome Finance (AERO). The same disclosures showed the US lawmaker partially sold his AERO holdings on Aug. 4 before making another purchase between $15,001 and $50,000 on Aug. 5.

Rep. Mike Collins’ financial disclosures. Source: Clerk, US House of Representatives.

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China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

August 24, 2024 Bitcoin.com

artificial intelligence

China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […]

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Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts

August 22, 2024 Coin Telegraph

Banks

The “hung” loans have led to bankers calling it the worst buyout since 2008.

There have been thousands of corporate buyouts in the 14 years since the 2008 banking crisis. And, according to the banks holding the loans, none of them have been worse than Elon Musk’s takeover of Twitter.

A report from the Wall Street Journal indicates that approximately $13 billion in loans used in the purchase of Twitter (now X) are stuck on banks’ balance sheets.

The typical practice for this type of debt financing is for banks to sell that debt to other investors. Since X is a private company, this practice allows investors who weren’t involved in the initial financing phase to become stakeholders.

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Solana ETF ‘still in play’ despite Cboe filing removal — VanEck exec

August 19, 2024 Coin Telegraph

bitcoin etf

VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.

Asset manager VanEck’s plans for a Solana exchange-traded fund (ETF) are “still in play” despite the removal of Cboe Global Markets’ regulatory filing proposing to list the fund on its exchange, according to an X post by Matthew Sigel, VanEck’s head of digital assets research.

“Some have noticed that the 19b-4 for the VanEck Solana ETF has been removed from the CBOE website,” Sigel said, adding:

On July 9, national securities exchange Cboe filed a request with the United States Securities and Exchange Commission seeking to list VanEck’s and 21Shares’ planned SOL (SOL) ETFs and asking the SEC to make a final decision by March. The filing is referred to as a 19b-4 and is distinct from the S-1s filed by issuers.

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