Crypto

Source: Bitcoinist Major investment bank Goldman Sachs has disclosed its significant stake in spot Bitcoin ETFs (exchange-traded funds). The finance behemoth, once a vocal Bitcoin critic, appears to be shifting its investment strategy towards crypto assets, specifically the world’s largest cryptocurrency by market capitalization. Goldman Sachs Discloses $461 Million In BlackRock’s Bitcoin ETF On Thursday,…

Source: Bitcoinist Upbit, the leading crypto exchange in South Korea, is being investigated by the country’s financial authorities over an alleged violation of Know-Your-Client (KYC) procedures. The probe comes amid the exchange’s license renewal process and a potential investigation for “anti-monopoly breaches.” Crypto Exchange Faces Probe For Potential KYC Violations According to local reports, South…

Source: Coin Tegraph According to Chainlink, the Common Businesses-Oriented Language (COBOL) standard facilitates approximately 95% of all ATM transactions. Read Full Article

Source: Bitcoinist The US Attorney’s Office in Manhattan is reportedly shifting its approach to crypto crime enforcement, allocating “fewer resources” to this area following a series of significant convictions, including that of FTX founder Sam Bankman-Fried. Southern District Of New York To Scale Back Crypto Prosecutions Scott Hartman, co-chief of the securities and commodities task…

Source: Bitcoinist Solidion Technology, Inc. (NASDAQ: STI), a leading provider of advanced battery materials, has announced a significant strategic allocation of Bitcoin within its corporate treasury. This move positions Solidion alongside other prominent US companies such as MicroStrategy, Tesla, Block (formerly Square), Semler Scientific, Coinbase, Riot Platforms, and Marathon Digital Holdings, all of which have…

Source: Coin Tegraph The election of a pro-crypto President in the United States and growing macroeconomic turmoil will continue to drive investors to Bitcoin. Read Full Article

Source: Bitcoinist The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On Crypto Firms Posing As Banks The HKMA, which also serves as Hong…

Source: Coin Tegraph Ether could drop another 50% against Bitcoin by the end of 2024 after entering a technical breakdown setup. Read Full Article

Source: Bitcoinist Bitcoin has entered price discovery after repeatedly breaking all-time highs over the past week. The price surged an impressive 38% in under ten days, highlighting the overwhelming bullish momentum that has captivated the market. BTC is consolidating below the $93,400 mark as traders and investors anticipate its next move. Key data from CryptoQuant…

Source: Coin Tegraph Chain abstraction simplifies user experience by enabling interaction with assets and services across multiple blockchains, hiding technical complexities. Read Full Article