The blockchain analytics firm Elliptic recently uncovered that the North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to disguise its transactions. This comes after a period of dormancy following US government sanctions in response to allegations of assisting criminals in laundering illegally obtained digital assets. Despite the
The cryptocurrency markets are experiencing a mixed day on Thursday as both Bitcoin (BTC) and Ether (ETH) are facing profit-taking pressure after the release of hotter-than-expected US PPI inflation figures. While Bitcoin is currently trading just under $71,000 and Ether is around $3,900, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are seeing upward
Recently, Hong Kong’s Securities and Futures Commission (SFC) announced that it had added Bybit to its list of suspicious virtual asset trading platforms. The commission raised concerns about Bybit operating without the necessary license and offering its products to investors in Hong Kong. This warning comes as a response to the platform’s unlicensed operations. The
Cardano, despite its lagging price action, has recently experienced a surge in active addresses on its network. The monthly active count reached its highest level in over a year, with data from Danogo showing a significant increase in active addresses. This surge in activity signals major network adoption and hints at potential positive developments for
The crypto market has been buzzing with excitement as meme coins like Satooshi Nakahobo have seen massive surges in price in recent times. Satooshi Nakahobo, with its humorous name and meta references, captured the attention of traders with a 600x surge in value. However, the question remains – is this surge sustainable, or is Satooshi
Crypto.com, a prominent crypto trading platform, has recently found itself in hot water with the Netherlands Central Bank. The company was fined a staggering €2.85 million ($3.1 million) for operating within the country without proper registration for a period of two years. This violation stems from Dutch regulations that require crypto firms to register with
Binance recently stated that Nigeria is not one of its top markets, despite being Africa’s most populous country and largest economy. The exchange acknowledged the country’s “extraordinary potential” but emphasized that it is not a priority market for them. This comes after a dispute with Nigerian authorities over allegations of manipulating the local fiat currency,
MicroStrategy, a prominent American business intelligence and software development company, has recently made headlines with its plans to acquire an additional $500 million worth of Bitcoin. This move comes after the company had already purchased about 12,000 BTC valued at over $800 million, bringing their total Bitcoin holdings to a staggering 205,000 BTC. The decision
Bitcoin has once again made headlines in the cryptocurrency world as its price reached a new all-time high at just under $74,000. The journey to this point was not without its ups and downs, with the price slipping below $72,000 at one point. However, the resilience of the BTC bulls was evident as they managed
The DeFi lending protocol MakerDAO has stirred up excitement in the crypto space with its announcement of the first phase of its highly anticipated ‘Endgame,’ set to launch in summer 2024. This initial phase is poised to bring about a major transformation by introducing a series of key features that are believed to be instrumental