Bitcoin and Ether investors piled into their respective crypto-themed funds on Thursday, marking their second-largest daily inflows since their inception. US spot Bitcoin exchange-traded funds inflows totaled $1.17 billion, with $448 million coming from BlackRock’s iShares Bitcoin Trust ETF (IBIT) and $324 million from Fidelity’s Wise Origin Bitcoin Fund, according to Farside Investors. The near-record…
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The Australian island state of Tasmania has become the latest to join a country-wide crackdown on crypto ATM scammers. Tasmania Police Cyber Investigations said on Friday that it found the top 15 users of crypto ATMs in the state were all victims of scams, with combined losses of 2.5 million Australian dollars ($1.6 million). Over a…
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Bitcoin short-sellers were pummeled on Thursday as the cryptocurrency surged to new all-time highs, resulting in more than $1 billion in short positions liquidated in 24 hours. CoinGlass data shows that $1.01 billion in crypto short positions were liquidated, impacting 232,149 traders. This included approximately $570 million in Bitcoin (BTC) shorts and $206.93 million in…
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Florida’s top prosecutor has opened an investigation into trading platform Robinhood, alleging it has been falsely promoting its crypto services as the least expensive on the market. However, Lucas Moskowitz, Robinhood’s general counsel, told Cointelegraph in a statement that the platform is transparent about its fees, and customers trade crypto at the lowest cost on…
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Key points: Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41. Could SUI continue its upward move? Let’s analyze the charts to find out. SUI price prediction SUI turned up sharply from the…
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Jonathan Gould, who previously worked as the chief legal officer of blockchain infrastructure company Bitfury, has been confirmed as the head of the US Office of the Comptroller of the Currency (OCC) following a Senate vote. In a 50-45 vote in the US Senate on Thursday, a majority of lawmakers voted to confirm Gould to…
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Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018. Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company…
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Artificial intelligence significantly reduces the cost of new customer acquisition, and any company neglecting AI is not a worthwhile investment, according to investor and television personality Kevin O’Leary. In an interview with Cointelegraph, O’Leary said that new-customer acquisition, which is primarily done through content creation and multimedia marketing, has been “the highest cost increase in…
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Key point: Bitcoin’s momentum continues to accelerate above $113,000, leading traders to predict a rally to $150,000. Bitcoin (BTC) made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in…
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Attorneys representing Tornado Cash co-founder and developer Roman Storm have suggested they may request a brief continuance for his criminal trial if a judge denies a motion to exclude a particular witness. In a Thursday filing in the US District Court for the Southern District of New York (SDNY), Storm’s legal team moved to exclude…
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