Is cryptocurrency safe
In January 2024 the SEC approved 11 exchange traded funds to invest in Bitcoin. There were already a number of Bitcoin ETFs available in other countries, but this change allowed them to be available to retail investors in the United States. https://activepatience.com/ This opens the way for a much wider range of investors to be able to add some exposure to cryptocurrency in their portfolios.
At the heart of every digital payment protocol is the absence of central intermediaries (and therefore, lower costs for businesses and consumers). So, Block (SQ 4.62%) (formerly Square) and PayPal (PYPL -0.62%) saw a meaningful business opportunity in enabling users to purchase and hold cryptocurrencies within a digital wallet.
Marathon (ticker: MARA) is another company that is heavily involved in Bitcoin, giving investors a way to gain exposure to that asset without buying it directly. Marathon mines Bitcoin directly and invests some cash in the digital asset. As of September 30, 2023 Marathon owned 13,726 Bitcoins.
Cryptocurrency news
“This investigation, the first of its kind, identified numerous fraudsters in the cryptocurrency industry. Wash trading has long been outlawed in the financial markets, and cryptocurrency is no exception. These are cases where an innovative technology – cryptocurrency – met a century old scheme – the pump and dump. The message today is, if you make false statements to trick investors, that’s fraud. Period. Our Office will aggressively pursue fraud, including in the cryptocurrency industry,” said Acting United States Attorney Joshua Levy. “These charges are also a stark reminder of how vigilant online investors must be and that doing your homework before diving into the digital frontier is critical. People considering making investments in the cryptocurrency industry should understand how these scams work so that they can protect themselves.”
Afgelopen maandag stuurde Mount Gox 2.500 bitcoin (BTC) naar twee onbekende wallets. Meestal betekenen deze transacties extra volatiliteit voor de cryptomarkt, aangezien een grote hoeveelheid BTC wordt geliquideerd. Wat zal dit betekenen voor de bitc…
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It is alleged that between 2018 and 2024, Gotbit provided market manipulation and wash trading services to several cryptocurrency companies, including companies located in the United States. Gotbit allegedly made wash trades worth millions of dollars on behalf of clients and received tens of millions of dollars in proceeds for these illicit services. In a 2019 interview published online, Andriunin allegedly described how he developed a code to wash trade and artificially inflate cryptocurrency trading volume. Andriunin allegedly kept track of Gotbit’s market manipulation, including with spreadsheets that compared “Created Volume” from wash trades with naturally occurring “Market Volume.” Gotbit’s employees, including Jalili and Kedrov, allegedly described these wash trading tactics to prospective clients and how to avoid detection. Jalili and Kedrov also allegedly provided these services to multiple cryptocurrencies, including the Saitama and Robo Inu cryptocurrencies.
De cryptomarkt is de afgelopen dagen geëxplodeerd. Bitcoin (BTC) noteerde meerdere malen nieuwe all-time highs en dat werd veelvuldig in het bitcoin-nieuws vermeld. Ook ethereum (ETH) zag een opleving en steeg met maar liefst 25 procent in de afge…
Cryptocurrency meaning
Cryptocurrencies promise to make transferring funds directly between two parties easier without needing a trusted third party like a bank or a credit card company. Such decentralized transfers are secured by the use of public keys and private keys and different forms of incentive systems, such as proof of work or proof of stake.
The cryptocurrencies of blockchains perceived to have a wide range of utilities are usually more valuable than those that don’t offer much. It all boils down, though, to the demand for the coin relative to its supply and whether the buyer is willing to pay more than the amount the seller initially acquired the coin for.
For many cryptocurrencies, another important element is the total number of coins that can ever exist is often fixed. For instance, there will be only 21 million bitcoins created, of which more than 18 million are already in circulation. This deflationary-based system is the complete opposite of what we have in traditional finance, where governments have the license to print an infinite number of fiat notes and inadvertently devalue their currencies.
Various studies have found that crypto-trading is rife with wash trading. Wash trading is a process, illegal in some jurisdictions, involving buyers and sellers being the same person or group, and may be used to manipulate the price of a cryptocurrency or inflate volume artificially. Exchanges with higher volumes can demand higher premiums from token issuers. A study from 2019 concluded that up to 80% of trades on unregulated cryptocurrency exchanges could be wash trades. A 2019 report by Bitwise Asset Management claimed that 95% of all bitcoin trading volume reported on major website CoinMarketCap had been artificially generated, and of 81 exchanges studied, only 10 provided legitimate volume figures.