China

South Korea probes loss of seized bitcoin in phishing attack

South Korean authorities are investigating the loss of approximately $1.5 million worth of seized bitcoin due to a phishing attack. The incident involved a police officer who fell victim to a scam, leading to the unauthorized transfer of the cryptocurrency. This breach has raised concerns about the security measures in place for handling seized digital assets. The police department is reviewing its protocols to prevent similar incidents in the future. The investigation is ongoing, with efforts to track down the perpetrators of the phishing scheme.

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Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant

Bitcoin's profit cycle has turned negative for the first time since 2023, according to data from CryptoQuant. This shift indicates that more investors are selling at a loss rather than at a profit, raising concerns about market sentiment. The decline in profitability is attributed to various factors, including

Bitcoin returns fail to match risks, just like 2022

Bitcoin's returns in 2023 have not compensated for the associated risks, mirroring the trends observed in 2022. Despite a notable price recovery, the volatility and potential for significant losses remain high, leading to a risk-return imbalance. Analysts highlight that investors are still grappling with the aftermath of last

DOJ Flags Three Crypto Cases in 'America First' Push Against Fraud

The U.S. Department of Justice (DOJ) has identified three significant cryptocurrency fraud cases as part of its "America First" initiative aimed at combating financial crimes. These cases involve allegations of fraudulent schemes that misled investors and misappropriated funds. The DOJ emphasizes its commitment to protecting consumers and

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom

Recent data indicates that U.S. Bitcoin exchange-traded funds (ETFs) experienced their largest weekly outflows since November, totaling approximately $70 million. This trend may suggest a potential price bottom for Bitcoin, as significant outflows often precede market recoveries. Analysts are closely monitoring these movements, as they could indicate shifting investor

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Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant

Bitcoin returns fail to match risks, just like 2022

DOJ Flags Three Crypto Cases in 'America First' Push Against Fraud

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom