The incidents have raised concerns about the safety of those with cryptocurrency fortunes which could make them a target for criminals seeking ransom payments. Experts suggest several ways to mitigate the threats of wrench attacks, including using wallets that https://ai-robert.com/what-channel-is-abc-on-spectrum-2025-guide/ require multiple approvals before any transactions. AP correspondent Julie Walker reports on why so called ‘wrench attacks’ on wealthy crypto holders are on the rise.
What next for Bitcoin after bursting $100k barrier?
“Growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets,” the CoinShares weekly report states. The cryptocurrency sector inches higher on Monday, supported by a 0.3% increase in the total market capitalization to $3.58 trillion over 24 hours. Bitcoin (BTC) reversed the trend upwards, reaching an intraday high of around $110,228 while exchanging hands at approximately $109,654 at the time of writing. Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure. Get crypto market analysis and curated news delivered right to your inbox every week.
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GameStop Stock Price Eyes $45 on the Heels of Bitcoin Strategy
French police have arrested more than 20 people following a number of kidnapping plots targeting cryptocurrency entrepreneurs and their families. Stealing cryptocurrency is almost as old as cryptocurrency itself, but it’s usually done by hacking. North Korean state hackers alone are believed to have stolen billions of dollars’ worth of crypto in recent years. In the case in New York, where two people have been charged, a lot of details have yet to come out, including the value of the bitcoin the victim possessed. Transactions on the blockchain, the technology that powers cryptocurrencies, are permanent.
- Bitcoin price stabilizes around $111,000 on Friday after reaching a new all-time high of $111,900 this week.
- Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X.
- The latest cryptocurrency news plays a pivotal role in helping investors identify potential investment opportunities and manage their portfolios effectively.
- As we’ve all seen, financial advisors are increasingly interested in understanding crypto, its potential profitability and its implications for their clients.
Norway-based crypto brokerage and research services firm K33 joined the rapidly growing list of companies to adopt Bitcoin treasury strategies. In a Wednesday announcement, K33 said it had entered into a financing agreement to buy over 60 million Swedish krona ($6.2 million) in the leading cryptocurrency. The firm said that along with its shareholders, it would issue new shares as well as debt to buy the asset. “We strongly believe that Bitcoin will become an instrumental part of the global f…