Invest News

Latest — Nov 13, 2024

AI Company Invests $120 Million in Bitcoin: How Genius Plans to Integrate Cryptocurrency into Education

In a world where technology and financial innovation are increasingly intertwined, Genius, a company renowned for its educational solutions, has made a bold move. It has invested $120 million in Bitcoin, showcasing its long-term commitment to cryptocurrencies and their potential in the education sector. Genius, which focuses on developing educational

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Capital Influx in Spot Bitcoin ETFs Reaches Nearly $622 Million – November 6, 2024 Sees Unprecedented Growth in Trading Volume

On November 6, 2024, the net daily capital inflow into spot Bitcoin ETFs surged to an impressive $621.90 million, marking a significant milestone in the financial landscape. The trading volume across these investment products reached an outstanding $6.06 billion, showcasing the growing interest and adoption of cryptocurrency-based funds

The Americans: Mt. Gox Transfers $2.32 Billion in Bitcoin to Unknown Wallets – Insights and Market Impact

On the night of November 5, 2024, experts detected a major transfer of assets from the dormant wallets of the defunct cryptocurrency exchange Mt. Gox. A total of 34,371 BTC, valued at over $2.32 billion, was moved in two separate transactions. The transfer fees were notably low, at

MrBeast Accused of $23 Million Cryptocurrency Fraud: Insider Trading and Misleading Investors Under Scrutiny

The well-known YouTube personality, MrBeast, is now facing serious allegations tied to a $23 million cryptocurrency fraud scheme. Known for his philanthropic stunts and large-scale challenges, MrBeast is alleged to have engaged in insider trading, deceived investors, and used his influence to promote select tokens. These accusations come from Kasper

Vitalik Buterin Donates Over $1 Million to Ukrainian Organizations: Supporting Humanity Amid Unrest

Ethereum co-founder Vitalik Buterin recently donated over $1 million to Ukrainian organizations, reaffirming his commitment to humanitarian aid. The donation of 400 ETH, valued at over $1 million, was distributed among four Ukrainian charitable organizations, including Crystal Hearts, Polymath-Kids, and United Humanitarian Front. This act of support was publicly shared

Citibank Closes Ripple CEO's Accounts Amid Growing Tensions Between Traditional Banks and the Crypto Industry

In a move that underscores the increasing tension between traditional financial institutions and the cryptocurrency industry, Citibank recently closed the banking accounts of Ripple's CEO, Brad Garlinghouse. The CEO of Ripple, a leading company in blockchain-based payment technologies, revealed that his personal and business accounts were abruptly terminated due to

Former CEO of ACCE Faces $2.2 Million Fraud Charges in Crypto Scam

Grant Koltap, the former CEO of Australian company ACCE, is now facing serious allegations in court, accused of defrauding clients of $2.2 million through a cryptocurrency scam. This case, currently gaining widespread attention, has roots in the digital asset exchange platform Mine Digital, which was operated by ACCE. Koltap’

Radiant Capital Halts Lending Markets Following $50 Million Cybersecurity Breach

Radiant Capital, a well-known decentralized finance (DeFi) platform, has recently made headlines for halting its lending markets due to a significant cybersecurity breach. According to Cointelegraph, the exploit led to losses exceeding $50 million on both the BNB Chain and Arbitrum. The breach has been confirmed by Radiant and two

SUI Token's 120% Surge Sparks Insider Trading Allegations

The price of Sui token (SUI) has surged by an astonishing 120% over the past month, reaching a peak of $2.24, capturing the attention of investors worldwide. However, this meteoric rise has also sparked controversy, with allegations of insider trading casting a shadow over its rapid ascent. As Sui's

U.S. Authorities Acknowledge Bitfinex as Sole Victim of 2016 Hack: Implications for Recovery of Stolen BTC

In a significant development for the cryptocurrency community, the U.S. government has officially recognized Bitfinex as the only victim of the notorious hack that occurred in 2016. This recognition opens the door for the platform to pursue compensation for the stolen assets, specifically the staggering amount of 119,756