Topic

Economics News

A collection of 554 issues

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

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

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

Users of Polymarket Bet on Likely Candidates for Satoshi Nakamoto's Role in HBO's "Money Electric" Premiere

As excitement builds for HBO's upcoming film Money Electric, users of the betting platform Polymarket are placing their bets on who might be revealed as the elusive Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Scheduled to premiere on October 9, 2024, at 02:00 CET, the film is anticipated to

Breaking News: FTX to Auction Off 22.3 Million WLD Tokens at Discounts Ranging from 40% to 75%

In a significant development that has caught the attention of the cryptocurrency community, the bankrupt exchange FTX is preparing to auction off 22.3 million tokens of WLD, valued at nearly $38 million. According to various media reports, the auction will offer these tokens at steep discounts, ranging from 40%

12.8 Million Binance Users' Personal Data Allegedly Leaked for Sale on Dark Web Following August 2024 Database Breach

In a significant security breach, reports have emerged that personal data belonging to approximately 12.8 million users of the cryptocurrency exchange Binance has been put up for sale on a dark web forum. The leak, attributed to a hacking group known as Greavys, raises serious concerns about the security

Louisiana Begins Accepting Cryptocurrency Payments for State Services

The state of Louisiana has officially made history by accepting its first payment for government services in cryptocurrency, marking a significant step toward the integration of digital assets in everyday public services. This milestone was achieved through a transaction using Lightning Bitcoin (LBTC), making Louisiana one of the pioneering states

The Americans Must Develop a Contingency Plan for AI Out of Control, Say Experts

A group of leading scientists has raised alarms regarding the potential for artificial intelligence (AI) to spiral beyond human control. In a world where AI continues to expand its capabilities, the question of whether humanity can maintain control has become a growing concern among technology experts. According to their assessment,