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Spenser Reed

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Sunday, Feb. 11, marks the annual Super Bowl LVIII in the United States, and there’s curiosity within the crypto community about rumors of no crypto ads appearing this year, similar to 2023.

Super Bowl’s global reach is not enough for crypto ads

Spenser Reed - 0
Recent data reveals the Super Bowl has consistently drawn over 100 million viewers annually since 2010. However, crypto exchange Kraken reportedly has no interest...
Bitcoin price is up 6.28% over the last 24 hours and hit an intraday high at $48,200 on Feb. 9.

3 key Bitcoin price metrics hint at BTC gains above $48K

Spenser Reed - 0
Bitcoin bulls are chasing a new year-to-date high. Cointelegraph explains what is behind the BTC price move. Bitcoin price is up 6.28% over the last...
The Hong Kong Securities and Futures Commission (SFC), alongside the local Police force, has issued a warning regarding a fraudulent entity posing as the prominent cryptocurrency exchange MEXC.

Hong Kong SFC issues warning over imposter crypto exchange posing as...

Spenser Reed - 0
The Hong Kong SFC identified eight websites linked to the fraudulent entity posing as the crypto exchange MEXC, all containing the exchange's name within...
Crypto investors made nearly $900 in net gains on average from selling crypto in 2023 in a “stark contrast” from 2022, which saw billions wiped from investors amid the collapse of several crypto firms, according to data from crypto tax software provider CoinLedger.

Crypto investors pocketed $887 gains on average in 2023 — CoinLedger

Spenser Reed - 0
The gains mark a “stark contrast” to the crypto winter of 2022, which saw investors nursing over $7,000 of realized losses on average. Crypto investors...
Bitcoin BTC tickers down $43,005 million-dollar price tags are back as the United States regional banking sector dices with crisis.

BTC price to $1M? Bitcoin bulls dare to dream as NYCB...

Spenser Reed - 0
Bitcoin continues to field optimistic BTC price bets as the U.S. regional banking system appears to relive last year's swoon. Bitcoin million-dollar price tags are back...
Bitcoin BTC tickers down $42,712 market participants see the BTC price easily hitting new all-time highs after its block subsidy halving — how high do they go?

3 Bitcoin price forecasts calling new all-time highs and more in...

Spenser Reed - 0
Bitcoin bulls are gazing at the moon with the halving set to be a classic BTC price catalyst. Bitcoin market participants see the BTC price easily...
Spot Bitcoin exchange-traded funds (ETFs) influenced miners’ Bitcoin BTC tickers down $42,729 reserves, with more than $1 billion of BTC flowing from miner wallets to exchanges in the first 48 hours of trading. There’s a new service creating fake identification documents that others claim can bypass crypto exchange KYC. Meanwhile, the launch of spot BTC ETF has enhanced BTC futures trading, not hindered it, according to a ProShares executive. Bitcoin ETFs lead to record miner reserve BTC outflows The launch of Bitcoin exchange-traded funds (ETFs) in the United States has directly influenced miners’ Bitcoin BTC tickers down $42,729 reserves, with more than $1 billion of BTC flowing from miner wallets to exchanges in the first 48 hours of trading. On-chain data reflecting Bitcoin inflows and outflows from miner wallets following the approval of Bitcoin ETFs. Source: Bitfinex Alpha/CryptoQuant According to the latest Bitfinex Alpha market report reflecting on-chain data, the second day of trading of Bitcoin ETFs on Jan. 12 saw a significant increase in Bitcoin miners’ outflow to exchanges. Citing data from Glassnode, the report highlights over $1 billion of Bitcoin BTC tickers down $42,729 being sent to exchanges from miner-associated wallets on the same day, marking a six-year high in miner outflow. Bitfinex analysts suggest that a net outflow of 3,500 BTC over a single day marks the highest value of the metric observed since May 2023. Additionally, the Bitcoin miner reserve has decreased to 1.826 million BTC, its lowest point since June 2021. Advertisement Trade smart with instant Markets Pro alerts. Claim your New Years offer up to 70%! Ad ‘Generated’ fake IDs claimed to pass crypto exchange KYC are selling for $15 A new service claiming to use artificial intelligence “neural networks” and “generators” to create fake driver licenses and passports has reportedly succeeded in passing Know Your Customer (KYC) checks on multiple crypto exchanges. The cost? Only $15 a pop. The site, OnlyFake, generates realistic fake driver’s licenses and passports from 26 countries, including the United States, Canada, Britain, Australia and multiple European Union countries and takes payment in multiple cryptocurrencies through Coinbase’s commercial payments service. An example of a fake ID created using OnlyFake. Source: X A Telegram channel seen by Cointelegraph also shows the site’s users sharing their apparent success in using the IDs to bypass verification at various crypto exchanges and financial service providers, including Kraken, Bybit, Bitget, Huobi and PayPal. The service could be a boon for crypto scammers and hackers who could use fake documents to open exchanges and bank accounts, protecting their real identity and making them more difficult to track. ProShares “pretty darn happy” with spot BTC ETFs Fund issuer ProShares sees no negative side effects to its business from the recently approved spot Bitcoin ETFs. ProShares operates the Bitcoin Strategy ETF (BITO), a futures-based product that began trading in 2021. Despite the rapid rise in spot ETF trading, the company’s futures product continues to see “very efficient” trading volumes, according to its global investment strategist, Simeon Hyman. “We’re pretty darn happy with the commercial impact so far,” he said, adding that spot Bitcoin products will actually enhance the futures market. “With the entrance of spot ETFs, the futures market is getting better — even better,” he said. “It was already a well-functioning and regulated place, but it’s actually gotten a little better when with the spot guys because there’s just more people around Bitcoin again.”

Here’s what happened in crypto today

Spenser Reed - 0
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs,...
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