Chain News Daily Official TheBitTimes.com

Investors viewed bitcoin spot ETFs as an opportunity to gain exposure to bitcoin’s price without having to hold bitcoin directly. Unfortunately, the initial effect was a simple reshuffle of existing bitcoin investments into ETFs, often from publicly traded bitcoin miners. Similarly, investors rotated money from GBTC, a high-fee trust, into spot ETFs with far lower fees. However, as awareness of these ETFs has proliferated and the price of bitcoin has rallied to all-time highs, net new inflows into bitcoin ETFs have become a reality. There is over $50 billion now in bitcoin ETFs. One natural question, given the size of the custodial bitcoin market, is whether bitcoin ETFs are insured. BlockFi, Celsius, Gemini, QuadrigaCX, and FTX have spooked depositors with victims of these collapsed platforms understandably wary of third parties holding bitcoin on their behalf. Celsius, in particular, once claimed it passed along depository insurance from the FDIC — a federal insurance progra...

YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers. Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP (XRP) cryptocurrency scams. While hacking into YouTube channel s to promote scams has been a long-standing method of targeting unwary investors, the number of creators on the platform reporting Hacks has increased. Most recently, DidYouKnowGaming — a YouTuber with 2.4 million subscribers — warned his Twitter followers about a hack. so sorry you're having to deal with this! first, we'll need to get some quick info from you & then we'll connect you w/ a specialist team who helps restore account access. follow us & we'll be able to DM you the info you need! — TeamYouTube (@TeamYouTube) April 28, 2023 After gaining access to the account, the hacker changed the YouTuber’s profile and cover images ...