Crypto NFT Today | The Latest News in Blockchain, Cryptocurrency, & NFTs- February Week 2

Today, we will tell you about Crypto NFT. Crypto NFT Today | The Latest News in Blockchain, Cryptocurrency, & NFTs- February Week 2. Let’s start:

We are pleased to present another issue of Crypto NFT Today! The last 2 weeks are filled with important events that will determine the future of cryptocurrency, blockchain, and NFTs.

A new report has revealed the rise of crypto-related scams to the record for 2024. Goldman Sachsis is expanding its ETH holdings and many more. There’s plenty of important information you need to know about. So, let’s take a dive and discover what’s going on!

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Report Shows Crypto Scams Hit New Record in 2024

The amount of money made by fraudsters in the crypto industry has hit the highest levels in the past year, thanks to an increase in romance scams since cybercriminals are increasingly using artificial intelligence and are becoming more organized, according to the blockchain research company Chainalysis.

In a report released this week, Chainalysis estimated that crypto wallets that were associated with scams earned $9.9 billion worth of cryptocurrency by 2024. Chainalysis predicts that this number will rise to a record $12.4 billion when it discovers more wallets associated with scams.

Chainalysis added the fact that their annual estimations of fraud have risen 24% on average every year since 2020.

Goldman Sachs Expands ETF Holdings

Goldman Sachs Group Inc. (GS) has extended its strategy for cryptocurrency ETFs through the acquisition of directly held positions in the spot Bitcoin as well as Ethereum funds in addition to options positions, which highlights the increasing importance of digital asset investment.

According to Goldman’s latest 13F file with the Securities and Exchange Commission, Goldman has increased its total cryptocurrency ETF positions up to $2.05 billion during the 4th quarter of 2024, an increase from $744 million during the third quarter. Goldman’s Bitcoin ETF holdings reached nearly $1.6 billion, with the most significant position of $1.2 billion held by The BlackRock iShares Bitcoin Trust (IBIT).

2 Bitcoin ETFs to Buy With $100 and Hold Forever

Texas Lawmakers Reintroduce Bitcoin Reserve Bill

Texas state legislators have introduced the bill to create the Strategic Bitcoin Reserve, now called SB 21, which expands the scope to include investment in another cryptocurrency. Senator Charles Schwertner announced the bill on February 12, noting that it will be the first state to create a reserve. Texas is the very first state in the world to establish a reserve of this kind, which could encourage creativity and financial freedom.

The new law is a follow-up to SB 77,8, which was passed in January and was focused solely on Bitco… While SB 778 confined the state’s ability to purchase and hold Bitcoin but not use the currency for any other purpose, SB 21 widened the possibility of investing in cryptocurrencies with an average market value that is at or above $500 billion during the last year. At present, Bitcoin is the only cryptocurrency that can meet this requirement.

Robinhood Gains Momentum in Crypto Trading

The competition between crypto traders is escalating with renewed vigor sweeping through the market, spurred by the return of President Donald Trump to his White House. Trump’s pledge to transform his country into a “crypto capital of the world” has helped transform the U.S. into the “crypto capital of the planet” has helped push Bitcoin to over 100,000 for the very first time during the fourth quarter of 2024.

While Robinhood has a smaller selection of trading tokens than Coinbase, it has been expanding its market share and may see more gains if it is the Securities and Exchange Commission adopts more of a crypto-friendly approach and added it in the last month.

Binance Coin (BNB) Surges 12%

BNB HTML0 Coin (BNB) recorded strong gains despite a general decline in the cryptocurrency market. Within the last 24 hours, the coin has gained more than a percent and has increased by around 12% in the past week. The increase comes as the major cryptocurrencies such as Bitcoin and Ether have slid by 1.5 percent and 1.3 percent and 1.3% respectively, following the publication of fresh U.S. inflation data.

The most recent Consumer Price Index (CPI) report revealed that U.S. consumer prices rose 3 percent year-over-year in January, which was up from 2.9 percent in December. This is the highest increase since June, and it is more than analysts’ expectations months, prices increased by 0.5 percent, the highest rise in two years.

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