Bitcoin (BTC) experienced a sharp decline today, dropping from $ 105,500 to $ 100,227 after the U.S. Federal Reserve announced a quarter-point reduction in the benchmark interest rate. The sudden market movement left many traders reeling as bitcoin’s value hovered between $ 100,900 to $ 101,150 per coin by press time. …
58,000 users’ personal data was potentially compromised in Byte Federal data breach. Byte Federal Suffers Data Breach Byte Federal, one of the largest bitcoin ATM providers in the U.S. has disclosed a data breach impacting approximately 58,000 users. This is according to a consumer breach notification letter Byte Federal sent out to its users on […]
A former New York Federal Reserve governor said there are no advantages to making bitcoin (BTC) a government reserve currency. No Exit Strategy Bill Dudley, the former president of the Federal Reserve Bank of New York, argues that there are no advantages to making bitcoin (BTC) a government reserve currency. Dudley, who currently chairs the […]
JPMorgan has warned the Elon Musk-led Department of Government Efficiency (DOGE) will face significant hurdles, citing Congress’ control over spending. Elon Musk’s DOGE Sparks Debate as JPMorgan Casts Doubt on Its Feasibility JPMorgan Chase released a report on Nov. 22, evaluating the newly formed Department of Government Efficiency (DOGE). Established under President-elect Donald Trump and […]
A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting […]