In a recent announcement, the bankrupt crypto lender BlockFi shared that they will be initiating the first interim distribution of funds to their clients via Coinbase. This move is a significant step in their ongoing efforts to repay their clients who were affected by the bankruptcy. The distribution of funds is set to begin this
Crypto
DeFi Technologies, a prominent Canadian fintech company, has recently made significant moves in the crypto space by acquiring a large batch of Bitcoin (BTC) as part of its treasury strategy. This acquisition comes on the heels of their initial purchase of 110 BTC in June, further solidifying their commitment to digital assets. In addition to
Bitcoin’s price has shown signs of recovery after a period of bearish price action. The market has found support at the $56K level, and the 200-day moving average around $60K has been reclaimed. Despite this positive momentum, the price is struggling to break above the $65K resistance level, facing rejection in the last three days.
The price of Shiba Inu (SHIB) has been quite volatile recently, surging substantially before dropping 4.5% in the past 24 hours. This sudden decrease comes after a period of significant growth where SHIB’s price jumped by almost 20%. Currently, SHIB is valued at approximately $0.00001868, reflecting the recent decline. Along with the decrease in SHIB’s
In a recent development, leading crypto exchange OKX has made a bold move by announcing the discontinuation of its services in Nigeria. This decision comes in response to recent regulatory changes in the country, which have posed significant challenges for the exchange and its users. According to emails sent to OKX’s Nigerian customers, they have
The Chief Investment Officer of Bitwise Asset Management has made a bold prediction regarding Ethereum Exchange-Traded Products (ETPs) driving ETH prices to new all-time highs above $5,000 by the year’s end. The introduction of ETPs is expected to have a significant impact on Ethereum’s price, potentially surpassing the effects seen with Bitcoin. This forecast is
During this week’s market recovery, XRP has stood out as one of the top-performing crypto assets. With a recent spike to $0.62, a level not seen since March, XRP has demonstrated an impressive recovery, showcasing over 40% gains in just one week. This surge in price has been attributed to a broader market uptrend, indicating
The recent positive inflows towards spot Bitcoin ETFs have contributed to the recovery of the underlying asset’s price, which reached $66,000 for the first time in roughly a month. Bitcoin faced significant price turbulence at the beginning of the month, resulting in a price dump to a three-month low of under $54,000 on July 5.
Australian computer scientist Craig Wright’s assertion that he is the mysterious figure behind Bitcoin, Satoshi Nakamoto, may have serious legal repercussions. A recent ruling in the COPA vs. Wright case has exposed potential perjury and forgery of documents by Wright. High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS)
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit that resulted in the loss of over $8 million in user funds. Cyber Alerts discovered suspicious transactions within the LI.FI cross-chain transaction aggregator, prompting LI.FI to issue a warning to users not to interact with any LI.FI powered applications temporarily. The breach