Crypto

Terraform Labs, a now-defunct crypto firm, has recently come to a settlement with the Securities and Exchange Commission (SEC) regarding fraudulent activity related to the defunct Terra blockchain. The settlement involves a massive $4.47 billion fine that Terraform Labs has agreed to pay. This fine is meant to address the magnitude of the fraud and

The cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, with Bitcoin and Ethereum posting gains of 3.4% and 2.43% over the past 24 hours, respectively. Despite this positive movement, the market remains uncertain, with Bitcoin hovering at around $70,000 and Ethereum struggling to break past

Recently, there has been a growing concern among market experts regarding the vulnerability of risk assets in the financial sector. This vulnerability could potentially impact bitcoin (BTC) and lead it into a “slow bleed environment”. Various economic factors are being closely monitored to assess the potential impact on BTC. One of the key factors that

The US spot Bitcoin ETFs, such as GBTC, began June with a bang despite some indication of diminishing hype. These ETFs collectively acquired an impressive 25,729 BTC in the first week alone. This surge in purchases came after a series of fluctuations in previous months, with January seeing 33,456 BTC acquired, followed by 116,561 BTC

Bitcoin experienced a lackluster weekend with minimal price movements, hovering around the $70,000 mark. Despite a brief increase, the leading cryptocurrency failed to sustain its momentum and retraced back to familiar levels. The market remained relatively stagnant, showcasing little volatility. Bitcoin witnessed strong ETF inflows last week, marking 19 consecutive days of positive flows. This

As we approach the upcoming United States Federal Reserve rate decision on June 12, the crypto market is experiencing some notable trends and patterns that have investors on edge. Historically, altcoin and Bitcoin pairs have seen significant capitulation in the wake of Fed rate decisions, with a final flush out of altcoins often occurring just

Core Scientific, a key player in North America’s digital infrastructure sector, recently announced a game-changing strategic partnership with CoreWeave, an AI Hyperscaler. This partnership entails a series of long-term contracts spanning over a remarkable 12-year period. The collaboration involves Core Scientific providing approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. It

The Stand With Crypto movement has gained significant traction in recent times, with over one million people joining as advocates for the industry. This surge in membership was largely in response to a Whitehouse veto threat and the subsequent bipartisan wins in the House and Senate. The movement prides itself on being non-partisan and has

The recent drop in Bitcoin’s price, plunging from $72,000 to $68,500 in just minutes, has left many investors puzzled. Despite the continuous inflows into US-based ETFs, the cryptocurrency took a sharp downturn. The approval of Bitcoin ETFs by the US Securities and Exchange Commission earlier this year was believed to be a game-changer for the

The US Department of Justice recently indicted Bill Guan, the Chief Financial Officer of Epoch Times, accusing him of playing a key role in a massive international money laundering operation. Guan allegedly collaborated with others to launder approximately $67 million of illegal funds into the accounts of his media company and its affiliated entities. This

Ripple’s XRP has been hovering around the $0.52 mark recently, leading some analysts to believe that a potential rise to $0.70 could be on the horizon this summer. DustyBC Crypto has pointed out the progress of XRP on a yearly scale, suggesting that the token may experience an uptick in value in the coming months.

Recently, a popular on-chain sleuth brought to light the fraudulent activity concerning an early investor in the Solana-based meme coin named ANDY. The exploiter managed to drain nearly $2 million worth of meme coins in various transactions, causing the price of ANDY to plummet by more than 20% in a single day. This exploit was

Semler Scientific, a California-based medical technology company, recently announced the purchase of an additional 247 bitcoins for $17 million in cash. This brings their total bitcoin holdings to 828 BTC, acquired for a total of $57 million. The company also revealed plans to raise $150 million to further increase their bitcoin holdings in the future,

The bankrupt cryptocurrency exchange FTX is facing pushback from its creditors regarding the proposed reorganization plan. The objection, filed by FTX creditors Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, highlights several key issues with the plan. These include the failure to address property rights concerns, inadequacy in meeting the best interest

Kraken, a prominent cryptocurrency exchange in the United States, is reportedly making strategic moves to raise funds through a large funding round ahead of a potential initial public offering (IPO) next year. The exchange is said to be aiming to secure $100 million in funding before proceeding with the IPO, making it the second publicly

Robert Kiyosaki, the well-known financial guru and author of the bestselling book Rich Dad Poor Dad, recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach a staggering $350,000 by August 25. While Kiyosaki acknowledged that his prediction could be considered a

The detention of Tigran Gambaryan, a high-ranking executive at Binance, by Nigerian authorities has sparked outrage among U.S. lawmakers. It has been nearly three months since Gambaryan was taken into custody, and his situation has raised concerns about human rights violations and hostage tactics used by the Nigerian government. The recent appeal led by House

Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has once again shown its dominance as the top real-world asset with the most development activity in the last 30 days. This is a significant feat for a cryptocurrency that represents physical assets like properties and objects, showing the increasing interest

In the world of cryptocurrency, meme coins have been making headlines, attracting the attention of investors and traders alike. One particular whale recently made waves by massively accumulating Shiba Inu (SHIB) tokens. This whale went on a buying spree, spending a staggering 4,849 ETH, equivalent to around $18.44 million, to acquire a jaw-dropping 715.9 billion

In recent months, there has been a significant trend in the cryptocurrency market where large bitcoin holders, also known as “whales,” have been accumulating more tokens. The latest data indicates that a specific group of whale addresses now collectively possess over 40% of the total bitcoin supply. This accumulation by large holders, particularly those with

Traders’ positions in the market signal a certain level of excitement surrounding the potential arrival of spot Ethereum ETFs in the United States. While the past week may have been relatively uneventful, projections from K33 research indicate that these investment vehicles could attract an estimated $4 billion within the first five months post-launch. The upcoming

In the tumultuous world of cryptocurrency, Binance Coin has faced its fair share of challenges in 2024. The exchange has been embroiled in legal battles in various jurisdictions, with a recent high-profile case unfolding in Nigeria. This confrontation led to the detention of local company executives, casting a shadow of uncertainty over the future of

The world of cryptocurrency has seen a surge in the popularity of meme coins, with new tokens constantly emerging and capturing the attention of investors. One such example is the frog-themed Brett (BRETT) coin, which has experienced a significant spike in value recently. Introduced just three months ago, BRETT started gaining traction towards the end

Watford Football Club, a professional English football team, has announced its plan to sell 10% of its equity to investors, including its own fans. This groundbreaking move marks a shift in traditional ownership structures within the football industry. Through a partnership with the crypto and startup investment platform Republic and its European crowdfunding arm Seedrs,

Polkadot Blockchain Academy recently launched its fifth cohort in Singapore, aiming to educate and nurture developer talent in the region. The program offers 184 lecture hours and is led by 18 experienced instructors to provide top-tier guidance to the participants. Despite these efforts, the price of DOT, Polkadot’s native cryptocurrency, remains steady at around $7,

Binance, one of the largest cryptocurrency exchanges in the world, recently made an announcement that it will halt trading services for certain cryptocurrencies. This decision has had a significant impact on the price of these assets, causing some of them to experience sharp declines. In addition to discontinuing some trading pairs, Binance has been actively

In a move to advocate for pro-crypto policies and politicians, Ripple has made a significant contribution of $25 million to the Fairshake super PAC. This decision aligns with an industry-wide effort to promote fair and balanced regulation within the cryptocurrency sector. Ripple’s choice to support Fairshake comes in the midst of an ongoing legal battle