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Weekly Crypto Wrap: 22nd August 2024

Weekly Crypto Wrap: 22nd August 2024

Spot Bitcoin ETFs record positive flows in 8 of the last 10 days. Meanwhile, Mt. Gox executes a $700 million Bitcoin transaction, the first major move in three weeks. Bitcoin mining costs surge by 168% amid capacity expansion.

BTC Markets
BTC Markets
What are P2P crypto scams?

At BTC Markets, your safety is paramount. We’ve observed scammers exploiting peer-to-peer (P2P) crypto platforms to bypass security measures. P2P platforms allow direct transactions between users without intermediaries, posing risks if not carefully managed.

BTC Markets
BTC Markets
Weekly Crypto Wrap: 15th August 2024

Bitcoin surges as US$2 billion in Mt. Gox funds moved and Bitcoin ETFs set to surpassing Satoshi's holdings. Ethereum ETFs see positive flows, and Ethereum L2 hits a record 12.4m daily transactions.

BTC Markets
BTC Markets
Weekly Crypto Wrap: 8th August 2024

Institutions are 'buying the dip' as the crypto market stabilises following a slump. The world’s largest Bitcoin miner expanded its BTC holdings by US$124m in July 2024. Meanwhile, US Bitcoin and Ethereum ETFs reached US$6b in volume during the market rout.

BTC Markets
BTC Markets
Weekly Crypto Wrap: 1st August 2024

U.S. strategic Bitcoin Reserve to be partly funded by revaluing Fed's gold according to draft bill. 41.5% of Mt. Gox Bitcoin distributed, creditors continue to HODL. Ethereum ETF launch boosts US$2.2b inflows.

BTC Markets
BTC Markets
SIM card swap attacks: risks, mechanisms, and safeguards.

SIM card swap attacks exploit carrier vulnerabilities to hijack phone numbers, leading to financial loss, identity theft, and data breaches. Safeguards include using authenticator apps, strong passwords, and promptly contacting carriers when suspicious activity arises.

BTC Markets
BTC Markets
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