The recent charges brought forth by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, have shed light on the importance of proper custody of client assets in the crypto space. The SEC found that Galois failed to ensure that the crypto held for the private fund it was advising was
Crypto
Bitcoin’s price dipped below $56,000, signaling a continuing downtrend in the market. The possibility of the cryptocurrency dropping even further to $50,000 was suggested by Arthur Hayes, the co-founder and former CEO of BitMEX. Hayes’ bearish prediction is based on various macroeconomic factors, including the actions of the Federal Reserve and dynamics in the US
Ripple has recently expanded its University Blockchain Research Initiative (UBRI) program to South Korea through a partnership with Yonsei University. This collaboration marks the 58th global partnership for Ripple, with 12 of them located in the Asia Pacific region. Yonsei University will be focusing its research efforts on blockchain technology, specifically in areas such as
The Ethereum market is currently experiencing a shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets, has shown an increase in recent times. This could be a sign that traders are moving their ETH onto exchanges in preparation
The crypto market has been experiencing a lackluster performance recently, with a noticeable decline in whale activity across major assets such as Bitcoin and Ethereum. According to a recent analysis by Santiment, the number of transactions valued at over $100k has significantly dropped. For instance, during the active period of March 13-19, Bitcoin recorded 115.1k
The Open Network (TON) and its native token have been encountering a series of challenges recently, with the most recent incident involving a drastic price drop of more than 90% in just a matter of minutes on CoinMarketCap. This sharp decline, as depicted in the graph, saw TON’s price plummet from $5.2 to approximately $0.3.
Recently, the crypto analyst known as the ‘Titan of Crypto’ revealed a unique technical pattern to his 90,000 followers. A golden cross is forming between the 100-day moving average and the 200-day moving average, a pattern that has never been seen before in the market. Typically, a golden cross indicates a bullish long-term trend reversal,
The Crypto Wealth Report 2024, compiled by Henley & Partners, indicates a substantial increase in the number of individuals holding over $1 million in digital assets. The report shows a staggering 95% surge to 172,300 individuals in this category. Moreover, the total value of the crypto market has seen a remarkable rise to $2.3 trillion,
The crypto space has recently been hit hard by over ten different hacks, resulting in losses totaling $313 million. Two significant phishing attacks were responsible for 93.5% of the stolen funds, with a combined loss of $293.4 million. In one incident, an unknown whale lost over 4,000 bitcoin (BTC) in a phishing scheme, resulting in
Recent data from Bitbo reveals that Bitcoin miners experienced their worst month in almost a year in terms of revenue generation. In August, BTC mining activities only brought in $827 million, marking a significant decline of over 10% from the previous month’s earnings of $927.35 million. This decrease is even more pronounced when compared to