🚨The Crypto Genius: The Story of the $230 Million in Stolen BTC🚨
Introduction In August 2024, an unprecedented case shook the cryptocurrency world: two young individuals managed to carry out one of the largest Bitcoin thefts in history, seizing over 230 million dollars in BTC. At just 20 and 21 years old, these cybercrime geniuses demonstrated impressive skill, but their downfall was equally swift. This is the story of Malone Lam and Jeandiel Serrano, the protagonists of this bold heist that left the crypto world in shock.
🚨The Crypto Genius: The Story of the $230 Million in Stolen BTC🚨
Introduction In August 2024, an unprecedented case shook the cryptocurrency world: two young individuals managed to carry out one of the largest Bitcoin thefts in history, seizing over 230 million dollars in BTC. At just 20 and 21 years old, these cybercrime geniuses demonstrated impressive skill, but their downfall was equally swift. This is the story of Malone Lam and Jeandiel Serrano, the protagonists of this bold heist that left the crypto world in shock.
Bitcoin had a big year: ETF, institutional adoption, political battles, and even meme coins. Here is a Bitcoin shortage in 2024. It was a year unlike any other for Bitcoin, from new technological advancements and historical milestones to finding a home on Wall Street and being used as political football in the U.S. elections. Here’s a look at the year that was for the world’s largest cryptocurrency. Bitcoin ETF, a decade in waiting The Securities and Exchange Commission had spent a decade saying 'no' to major asset managers wishing to offer a Bitcoin exchange-traded fund, the once-elusive Bitcoin ETF, to their clients in the United States. But the mood changed when the world's largest asset manager, BlackRock, applied to the SEC for its own Bitcoin ETF in June 2023.
Tether invests $775 million in Rumble after YouTube Rival's Bitcoin boost
The issuer of the stablecoin Tether has committed $775 million to the growing video streaming platform Rumble, which has adopted a Bitcoin reserve strategy.
The stablecoin issuer Tether announced on Friday that it is investing $775 million in the video streaming platform Rumble, a rival to YouTube that bills itself as an anti-censorship platform. The company behind the stablecoin USDT called the agreement a "definitive agreement," and it would begin with an initial cash investment of $250 million.
Dogecoin drops 19% since reaching a 3-year high, despite Bitcoin's rebound
Even with Bitcoin up for the week, Dogecoin is the biggest loser in the top 10 cryptocurrencies, and other meme coins have also performed poorly. Cryptocurrency markets have experienced intense volatility since Bitcoin surpassed the $100,000 mark for the first time on December 4, with multiple declines sending shockwaves that sank other assets and accumulated liquidations in the process. But while Bitcoin has mostly recovered from the considerable drops, Dogecoin has lost significant momentum over the past week since it peaked at $0.48 for the first time since 2021.
if I had a fortune like that, for greater security I would have all that crypto in a physical wallet like a Nano X
DrMughis
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#2024WithBinance In the realm of Binance trading, my expedition transpired as a tumultuous odyssey, a roller coaster of financial fortunes characterized by grandiose gains juxtaposed with fateful losses. As I ventured into the labyrinthine world of crypto markets, an amalgam of exultation and despair intertwined with capricious fervor, propelling me towards unforeseen zeniths and abysses alike.
Behold, the fleeting joys of opulence as I soared high on the winds of lucrative trades, reaping bountiful profits that mesmerized the senses and enamored the soul. Yet, in the ineffable dance of gain and loss, the tides of fortune swiftly turned, casting a desolate shadow over my gains as some of my funds evaporated into the void of market volatility.
Thus, with each rise and fall, with every surge and plunge, I beheld the vicissitudes of fate writ large upon the tapestry of my trading escapade—a saga replete with euphoric peaks and harrowing valleys, a veritable symphony of financial conquests and bitter setbacks that defined the essence of my journey in the tumultuous realm of Binance trading.
Dogecoin reaches the highest price since 2021 as Bitcoin moves above $100,000
Bitcoin has returned to six figures and XRP is rising again, while Dogecoin surpassed $0.48 overnight for the first time in over three years.
Dogecoin rose to a three-year high overnight, pushing even higher than in November, as other major assets like Bitcoin and XRP show green over the last day. The original meme coin hit $0.4795 just before midnight ET late Thursday, according to CoinGecko data, surpassing the $0.475 mark hit on November 23. Coinbase, on the other hand, shows that DOGE actually exceeded $0.48.
Too early? The price of Bitcoin rising to 200,000 is 'achievable' in 2025, says an analyst
Bitcoin just claimed $100,000 for the first time this week, but analysts are already calling for the mark to double in a year. Here's why.
Not long after Bitcoin surpassed $100,000, some analysts predict that the price of the asset could double in a year.
In a research note on Thursday, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, wrote that Bitcoin's record rally has been primarily fueled by inflows from institutional investors, who are regrouping to detect ETFs. Meanwhile, the Bitcoin purchasing company MicroStrategy has been acquiring the asset at a faster pace than expected.
"In 2025, we expect institutional inflows to continue at or above the pace of 2024," Kendrick wrote, noting that regulatory changes under elected President Donald Trump could fuel stronger inflows. "In this context, we believe our price target for Bitcoin by the end of 2025 around the level of $200,000 is achievable." Since MicroStrategy, a self-proclaimed Bitcoin development company, announced a $42 billion plan to buy Bitcoin over the next three years using equity and debt, the company has been "well ahead" of expectations, Kendrick wrote. In fact, the company's treasury of 402,100 Bitcoin, valued at over $40.5 billion, has grown by 150,000 Bitcoin since election day, a jump of over $15 billion.
The price of Ethereum reaches $4,000 for the first time since March as ETF demand rises
The second largest cryptocurrency crossed above $4,000 on Thursday as Ethereum ETF products saw substantial inflows.
The price of Ethereum (ETH) jumped above $4,000 on Friday, a mark not seen since it briefly hit that threshold in March.
The upward movement is due to the increasing demand for Ethereum ETFs, with funds recording their largest collective net daily inflow of over $428 million on December 5, according to data from CoinGlass.
Major inflows for Ethereum ETFs come amid growing excitement among analysts. Plume CEO Chris Yin told Decrypt in November that the expectation of more favorable cryptocurrency regulation under elected President Donald Trump is leading to a "delayed excitement" for the funds, which began trading in the United States in July.
That excitement showed up in the order books this week, with Ethereum ETF products recording over $750 million in total net inflows according to CoinGlass, all while the price of Bitcoin broke the milestone of $100,000 for the first time.
Both Ethereum and Bitcoin ETFs have recorded record inflows since Trump secured a second term in the White House a month ago.
Ethereum has lagged behind other major cryptocurrencies like Solana (SOL) and Bitcoin (BTC) for much of the year, failing to reach new all-time highs like others. However, among major assets, it has recorded the largest gain in the last week, jumping over 10% in that time.
Despite breaking the $4,000 mark, Ethereum remains at a 17% discount to its all-time high of $4,878, recorded in November 2021, according to CoinGecko. ETH is currently trading at $4,024, a gain of nearly 4% in the last 24 hours. #EtheruemETF
President of Russia, Vladimir Putin: “No one can prohibit Bitcoin”
The Russian president made striking statements concerning Bitcoin and the major cryptocurrencies, stating that no one has the power to prohibit them or halt their development. *** Putin acknowledges that no one can prohibit Bitcoin or cryptocurrencies He asserts that, regardless of what happens with the dollar, these technologies will continue to gain ground His statements come after signing a decree that recognizes cryptocurrencies as property in Russia Russia has been exploring the benefits of cryptocurrencies to take advantage of their benefits