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Today, the FBI issued an alert warning that North Korean hackers are targeting U.S. cryptocurrency exchange-traded funds (ETFs) in a bid to steal digital assets. The hackers are using advanced social engineering techniques to breach the security of companies associated with these financial products, the FBI stated.
According to the FBI, the Democratic People’s Republic of Korea (DPRK) has been conducting highly targeted social engineering attacks on employees within the decentralized finance (DeFi) and cryptocurrency industries. These attacks involve detailed…
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This article is featured in Bitcoin Magazine’s “The Privacy Issue”. Subscribe to receive your copy.
When Craig Raw talks, you listen.
His deep voice has a gravity to it, bolstering the urgency of the points he makes.
It’s like that voice in the back of your head that you hear when you’ve left too much bitcoin on an exchange for too long. Or that voice that persists when your bitcoin stash isn’t quite as secure as you know it could be.
It’s an uncompromised voice, constantly reminding you to follow best practices when it comes to storing and using your bitcoin.
Weeks after interviewing Raw — creator of let Sparrow Wallet, a free and open-source Bitcoin desktop wallet beloved by…
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Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter.
Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:
A look at the weird things related to today’s ISM manufacturing PMI.
The bull and bear BTC price cases heading into autumn, given expected rate cuts.
Why the SEC might object to FTX’s repayment plans.
Markets are being rocked by some weird things from the ISM manufacturing PMI that came out today. Following a weak monthly print of 46.8 in July, a rebound was…
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Layer-1 networks can no longer afford to operate in isolation. To remain relevant and competitive, these networks must prioritize multichain technology and interoperability. The future of Web3 is interconnected, and any layer-1 that fails to evolve risks obsolescence.
The blockchain ecosystem has undergone a profound transformation over the past few years. The introduction of Ethereum’s 2022 merge and the ongoing development of shard chains have set new benchmarks for what layer-1 blockchains can achieve. These innovations have compelled layer-1s to enhance their functionalities to meet the growing demands of the ecosystem.
This competitive pressure is further intensified by the…
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As of September 3, 2024, the daily net flow of Bitcoin ETFs in the U.S. presents some notable changes. Grayscale’s GBTC ETF saw a significant positive net inflow of 392 BTC, reflecting increasing investor confidence and bringing its total holdings to 227,254 BTC. Conversely, ARK Invest’s ARKB experienced a substantial outflow of 1,104 BTC, and Invesco Galaxy’s BTCO also faced a decrease, shedding 534 BTC.
Fidelity’s FBTC ETF noted a decrease of 219 BTC, indicating a shift in investor sentiment or rebalancing of portfolios. Despite these outflows, some funds like BlackRock’s IBIT and Bitwise’s BITB maintained stability with no net inflows or outflows, indicating a steady state during the trading session.
Overall, the total holdings across these ETFs amounted to 910,907 BTC, with a net outflow of 1,465 BTC, translating into a monetary decrease of approximately $84.6 million. This daily snapshot offers investors a clear view of the inflows and outflows within major Bitcoin ETFs, highlighting the dynamic nature of cryptocurrency investments in the current economic climate.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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The evolution of Bitcoin prices on September 3rd over the past years offers a fascinating glimpse into the volatile yet upward trajectory of this premier cryptocurrency. Starting at a modest $9 in 2011, the figures began to rise steadily, reaching $10 in 2012. This initial growth set the stage for a dramatic increase in subsequent years.
By 2013, the amount soared to $130, and by 2014, it surged to $476. Despite a dip to $229 in 2015, the upward trend resumed, with a substantial jump to $581 in 2016. This period of growth laid the foundation for an impressive leap to $4.5K in 2017.
The years 2018 through 2020 saw continued expansion, with figures escalating from $7.2K in 2018 to $11K in 2020. This momentum culminated in 2021 with an astonishing $49.6K, a clear indicator of rapid progress and increasing value.
The most recent figures show the financial peak in 2024, reaching $57.8K. This dramatic rise underscores a decade of exceptional growth and highlights a trend of sustained financial success.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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The SEC has charged Galois Capital, a crypto-focused advisory firm, for failing to adhere to custody regulations. The charges allege that Galois Capital did not maintain adequate safeguards for clients’ digital assets, violating federal securities laws. This action underscores the SEC’s continued scrutiny of the cryptocurrency industry to protect investors and ensure compliance.
For more details, visit the SEC press release.
