In a striking development that has captured the attention of the cryptocurrency community, a wallet linked to the now-defunct exchange FTX and its associated trading firm Alameda Research has redeemed a remarkable 177,693 Solana (SOL) tokens. This amount, worth roughly $23.75 million, was moved from the Solana Proof-of-Stake (PoS) network, suggesting a potential shift in
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The landscape of cryptocurrency trading has become increasingly fraught with regulatory scrutiny, with eToro’s recent challenges exemplifying the complexities involved. The Securities and Exchange Commission (SEC) has initiated actions against the U.S. arm of eToro, resulting in a significant fallout for both the platform and its users. With the SEC alleging that eToro violated federal
In a significant move amidst ongoing regulatory scrutiny, trading platform eToro has announced the suspension of trading for most digital assets on its platform. This announcement follows a settlement of $1.5 million with the U.S. Securities and Exchange Commission (SEC), which was released on September 12. The backdrop to this settlement involves an investigation that
Bitcoin’s recent upswing at the start of the week provided a much-needed reprieve after a tumultuous month characterized by significant declines. This recovery is a point of optimism for many investors who have faced anxiety during Bitcoin’s bearish phase. Nonetheless, despite the temporary relief, caution is warranted. The cryptocurrency market functions within a highly volatile
In the often tumultuous world of cryptocurrency, the unexpected can rapidly become the norm. Recently, Bitcoin (BTC) had a notable dip, plummeting to $55,500, while Ethereum (ETH) followed suit, falling to $2,200. Many market observers braced themselves for a further decline, anticipating a domino effect that would exacerbate the already existing fears and anxieties swirling
Ryan Salame, once a prominent executive at FTX, now finds himself mired in a legal morass that has dramatically altered his trajectory from a forward-thinking finance professional to a figure ensnared in accusations of dishonesty. His September 12 hearing shed light on the complexities surrounding his guilty plea, wherein he admitted to lying about the
Bitcoin (BTC) has been staging a remarkable comeback, with recent price spikes hinting at the possibility of a much-anticipated bull run in the market. As the cryptocurrency tests the $57,000 level, investors are hopeful that this newfound momentum will lead to a positive price rally, potentially driving further gains for Bitcoin. Santiment, a renowned market
Bitcoin seems to be facing a stagnant period, as it struggles to break above key resistance levels. Despite this, fundamental analysis suggests that Bitcoin is actually in a healthy position. According to crypto analyst Kaleo, Bitcoin is displaying healthier dynamics in the current halving cycle compared to the previous one. This analysis offers a glimmer
Cardano faced a significant drop of 57% back in 2019 when the Federal Reserve initiated its first rate cut. Fast forward to the present day, and the cryptocurrency is once again on the tipping point as another rate cut looms. Back in 2019, rates were much lower at 2.39%, with public debt standing at $22
Bitcoin has recently undergone a market correction of around 11%, causing some turbulence in its price movements. Despite briefly rebounding to $58,000, the leading cryptocurrency still has a ways to go before reaching its all-time high levels. However, on-chain data from Santiment has shown an interesting trend – wallets holding less than 1 BTC are