In a significant development for the cryptocurrency community, a Singapore court has issued a four-month moratorium for the Indian exchange WazirX, allowing it to regain some semblance of stability following a severe hack that resulted in the loss of $234 million. This incident shook the trust of approximately 45% of WazirX’s customers, highlighting the vulnerabilities
Crypto
Chainlink’s native token, LINK, has recently experienced a notable price surge, a development that can largely be attributed to heightened on-chain activity and the growing confidence of investors in the platform. A comprehensive analysis from blockchain intelligence firm Santiment points to favorable technical indicators that not only suggest a forthcoming price increase but also hint
The intricate dance of politics often takes unexpected turns, and the recent indictment of New York City Mayor Eric Adams is a stark reminder of the vulnerabilities inherent in public office. As a figure who rose from the ranks of a police captain to the storied role of mayor, Adams has faced scrutiny that goes
Bitcoin’s trajectory is currently in a precarious position, with its price behavior crucial to understanding where the broader cryptocurrency market is headed. After bouncing off the $52,000 support level, Bitcoin has surged, recently breaking through significant resistance points at $56,000 and $60,000. Each of these levels has historically acted as both psychological barriers and trading
The landscape of Bitcoin investments is witnessing significant shifts as the United States reasserts its position as a dominant player in the cryptocurrency market. Recently, Ki Young Ju, the founder of CryptoQuant, highlighted that the U.S. is regaining its foothold concerning Bitcoin (BTC) holdings among global players. This trend is believed to be spurred by
In a significant move reflecting the complexities of operating within varied legal frameworks, Binance, the leading cryptocurrency exchange worldwide, has announced the removal of Turkish language support from its platform. This change, effective September 27, stems from recent legal compliance requirements imposed by Turkish lawmakers. While it may seem like an inconvenience to Turkish users,
Recent developments in the blockchain industry highlight the ongoing interest in innovative betting platforms, particularly with Polymarket making headlines for its potential funding round. According to a report from The Information dated September 23, the New York-based prediction market platform is engaging in talks to secure an impressive $50 million in backing. This comes as
In recent weeks, the topic of regulatory practices surrounding cryptocurrency has gained significant traction, particularly with the Securities and Exchange Commission (SEC) under scrutiny. Led by Republican lawmakers such as Rep. Patrick McHenry and Sen. Cynthia Lummis, concerns have emerged regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121) regarding crypto custody. This renewed
In a striking turn of events, a historically dormant Bitcoin whale address was reactivated today, marking a notable moment in the ever-evolving narrative of cryptocurrency. According to information gathered from Arkham Intelligence, this particular wallet has initiated a transfer of five BTC to the well-known cryptocurrency exchange, Kraken. This transaction represents only the latest development
The cryptocurrency market is renowned for its volatility, and recent trends among the two largest Grayscale funds—GBTC and ETHE—demonstrate significant shifts in investor behavior. On a seemingly lackluster day, these funds experienced notable net outflows, signaling potential waning interest among investors. Despite this tumult, the prices of their underlying assets retained a surprising degree of