The incidents have raised concerns about the safety of those with cryptocurrency fortunes which could make them a target for criminals seeking ransom payments. Experts suggest several ways to mitigate the threats of wrench attacks, including using wallets that require multiple approvals before any transactions. AP correspondent Julie Walker reports on why so called ‘wrench attacks’ on wealthy crypto holders are on the rise.
French police have arrested more than 20 people following a number of kidnapping plots targeting cryptocurrency entrepreneurs and their families. Stealing cryptocurrency is almost as old as cryptocurrency itself, but it’s usually done by hacking. North Korean state hackers alone are believed to have stolen billions of dollars’ worth of crypto in recent years. In the case in New York, where two people have been charged, a lot of details have yet to come out, including the value of the bitcoin the victim possessed. Transactions on the blockchain, the technology that powers cryptocurrencies, are permanent.
Both tokens launched before the US president’s 20 January inauguration and quickly caught fire across crypto forums and political media. Bitcoin surged past $99,300 on Thursday, amid optimism surrounding US president Donald Trump’s anticipated trade deal with the UK. Crypto traders are increasingly bullish on bitcoin’s prospects amid mounting institutional demand. “Nice aggregate flush of long leverage and de-risk selling from spot,” well-followed crypto trader Skew noted in an X post early Friday.
Trump inauguration fuels bitcoin and memecoin rally
Metaplanet has announced a $50 million 0% bond issuance, which it plans to use to support its Bitcoin purchase. As Bitcoin hits fresh highs and US-listed ETFs notch their best monthly inflows in six months, whispers of government accumulation plans are beginning to surface. A cautionary tale of high-leverage trading amid market volatility in May 2025.
“A lot of people have got rich from the cryptocurrency soaring in value this year, but this high-risk asset isn’t suitable for everyone,” said Mr Coatsworth. Crypto traders say the market is in a “Goldilocks zone,” with recent macro shifts — like softer yields and corporate crypto treasuries — yet to fully ripple through asset prices. Interest in Bitcoin is also growing among hedge funds and financial institutions, while some companies are now in a race to buy as much of this cryptocurrency as possible. One firm filed to raise $1 billion to expand its SOL holdings while another became the first public company to adopt liquid staking tokens built on the network. NewsNow aims to be the world’s most accurate and comprehensive crypto news aggregator, bringing you today’s latest headlines from the best alt coins and crypto news sites.
- TokenFi, the tokenization project by the Floki ecosystem, has launched its long-awaited real-world asset (RWA) tokenization platform — aiming to…
- Additionally, news often focuses on technological advancements, such as upgrades to blockchain networks, new cryptocurrency launches, and innovations in decentralized finance (DeFi) and non-fungible tokens (NFTs).
- 60.9 Billion Dogecoin (DOGE) Accumulated within 24 hours, causing a 8% surge.
- Independent market technician EGRAG CRYPTO posted an updated weekly XRP/USD chart on X.
- Crypto traders are increasingly bullish on bitcoin’s prospects amid mounting institutional demand.
Analysts Turn Bullish on Avalanche, AVAX Ready to Explode?
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Bitcoin has surged to a new all-time high – breaking through https://ai-robert.com/1-oz-of-gold-how-many-grams/ $111,000 for the first time. The world’s biggest cryptocurrency has had a volatile 2025 to date but there are reasons to believe some further momentum is likely. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
The Bitcoin hum that is unsettling Trump’s MAGA heartlands
Data shows the Bitcoin market sentiment has broken into the extreme greed territory following the cryptocurrency’s new high above $111,000…. Bitcoin ETFs have garnered over $2.5 billion in investments this week, coinciding with the cryptocurrency’s ascent to a new all-time… Bitcoin finally broke through its all-time highs this week, reaching $112,000 and holding firm above the key psychological level of…
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