Recently, there was a significant transfer of $6 billion worth of Bitcoin from the fifth richest Bitcoin address to three new wallets. This transfer caught the attention of many within the cryptocurrency community due to the sheer magnitude of the transaction. The transfer, which took place over the weekend, involved an address that was initially
Crypto
Ark Invest made headlines recently with their decision to sell 74,291 Coinbase shares, valued at $20.8 million, across three of their exchange-traded funds. This move comes on the heels of a previous sale of over $100 million worth of Coinbase shares last week, coinciding with a surge in the price of COIN to new yearly
CommEX, a cryptocurrency exchange that took over Binance’s operations in Russia, recently announced its decision to cease operations in the country. This came after Binance announced its exit from Russia in September 2023, citing the need for a year-long process to complete the departure. However, CommEX is now following suit and winding down its operations
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for over three years now and is finally reaching its trial phase scheduled on April 23. Despite the adversarial nature of the situation, recent developments have shown a surprising collaborative effort between the two parties. An important joint letter
Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. A detailed analysis of the daily chart indicates that Bitcoin’s price has entered a mid-term corrective
In a shocking turn of events, U.S. District Judge Robert Shelby recently imposed sanctions on the Securities and Exchange Commission (SEC) for serious misconduct in its legal action against Utah-based cryptocurrency firm DEBT Box. This decision came after Judge Shelby found that the SEC had engaged in a “gross abuse of power” throughout the case.
Bitcoin’s price has remained relatively stable over the weekend, hovering just above $64,000, following a period of heightened volatility the previous week. The altcoin market has also experienced decreased volatility, with a few exceptions such as Dogecoin, which has seen a 7% surge in price. The previous week started off on a challenging note for
In a devastating turn of events, a 46-year-old housewife in Hong Kong has fallen victim to a fraudulent crypto investment platform, resulting in losses of 7.1 million Hong Kong dollars. The woman was lured into the scam by fraudsters who reached out to her via Instagram and convinced her to invest in cryptocurrencies through a
Recent reports released by the United Nations (UN) Security Council paint a concerning picture of North Korea’s involvement in cyberattacks. The findings reveal that North Korea earns a significant portion of its foreign exchange through cybercrime, with a staggering 50% of its earnings attributed to cyberattacks. This revelation sheds light on the concerning trend of
In a bold move, the derivatives arm of Coinbase, the largest American cryptocurrency exchange, has announced its intention to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This decision, outlined in letters filed with the United States Commodity Futures Trading Commission (CFTC), marks a significant development