Bitcoin BTC $92,457 has become the world's fifth most valuable asset by market capitalization, overtaking Alphabet (Google).
According to asset ranking data, as of April 23 afternoon, Bitcoin’s market cap surged to $1.833 trillion, more than Alphabet's $1.859 trillion valuation. BTC is now behind only gold, Apple, Microsoft and Nvidia.
According to Cointelegraph, Bitcoin beats Nasdaq 100 returns in April
Bitcoin’s edge over Alphabet coincides with its ongoing “decoupling” from its long-standing correlation with US tech stocks, especially in April, when BTC’s price rallied 15% despite the Nasdaq 100’s returns of 4.50% in the same period.
This decoupling followed months of disappointment for crypto bulls, who expected a stronger post-election rally.
Americans Lost $9.3B To Crypto Fraud In 2024 - FBI
A report detailing the complaints and losses due to scams and fraud involving cryptocurrency in 2024, has been released by the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3).
The report which was released on April 23, said that IC3 received more than 140,000 complaints referencing cryptocurrency in 2024, resulting in roughly $9.3 billion in losses. With approximately 33,000 complaints and $2.8 billion in losses, the bureau reported that individuals over the age of 60 had been the most affected by crypto-related fraud.
The report said, “Last year saw a new record for losses reported to IC3, totalling a staggering $16.6 billion.”
The report also notes, “Fraud represented the bulk of reported losses in 2024, and ransomware was again the most pervasive threat to critical infrastructure, with complaints rising 9% from 2023."
Crypto exchange KuCoin enters crowded Thailand market
KuCoin, a cryptocurrency exchange, is set to branch into Southeast Asia, targeting the growing crypto market in Thailand.
According to an announcement on April 23,
KuCoin is planning to launch a crypto exchange platform offering digital assets and related products in the country.
It stated that the ERX Company Ltd, Thailand’s first Securities and Exchange Commission-supervised digital token exchange, has rebranded as KuCoin Thailand effective April 22, it stated.
The crypto exchange will operate under ERX, which recently received a crypto exchange license from the Thai financial regulator.
ERX chief executive Att Tongyai Asavanund said, “We’re strengthening our ability to offer localized solutions tailored to the Thai market.”
Existing ERX users have been migrated to the new KuCoin Thailand platform, and the KuCoin TH app is available on both Android and iOS.
