According to Manhattan federal prosecutors, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in a $400 million fraudulent cryptocurrency scheme. The sentencing took place on Thursday, and Scott was found guilty of conspiracy to commit money laundering and conspiracy to...Read More
Following the guilty plea of Changpeng Zhao (CZ), founder and former CEO of crypto exchange Binance, in November 2023, several American states have asked the local arm of the trading platform to refrain from servicing their residents. The Wall Street Journal reported that authorities in Florida and Alaska recently instructed Binance.US to cease its services...Read More
A significant shift is occurring in the Bitcoin mining landscape as the fourth halving event approaches, which is set to reduce the supply subsidy of BTC from 6.25 BTC for every block to 3.125 BTC per one. With approximately just 82 days left, Bitcoin miners appear to be selling their reserves, according to the latest...Read More
The year 2024 has spooked traders to a large extent, as the star crypto displayed both the possibility of a bullish continuation and a bearish reversal within a month. The BTC price is again on an attempt to print a massive bullish candle that was recorded during the first week of the year, suggesting a...Read More
[PRESS RELEASE – London, Uk, January 26th, 2024] In a significant development for the cryptocurrency industry, Wooooo! Coin has announced its listing on two major exchanges, MEXC and Bitmart. This move represents a key step forward in Wooooo! Coin’s growth and accessibility, bringing the unique energy of WWE/AEW legend Ric Flair to the world of...Read More
On January 26, the Twitter account of Staci Warden, the CEO of the Algorand Foundation, was hacked. The breach was announced via an official post by the Algorand Foundation, cautioning the community against interacting with any links or responding to private messages from the compromised account to prevent potential asset theft. Hacker Urges Community to...Read More
The U.K. Supreme Court has rejected Craig Wright’s request to appeal a decision in his legal dispute with popular Bitcoin podcaster Peter McCormack, as reported by a lawyer on Thursday. The recent development seems to be another setback for the Australian computer scientist. Despite his persistent claims of being Satoshi Nakamoto, he has been unable...Read More
Bitcoin is anticipated to undergo a prolonged period of challenges as it seeks to recover lost value and reach previous peak levels, according to investor Chris Burniske. In a recent post on X (formerly Twitter) on January 25, Burniske, currently a partner at the crypto venture capital firm Placeholder, suggested that the price of Bitcoin...Read More
Litecoin (LTC) is at a key 600-day support line and Dogecoin (DOGE) is going through ups and downs. Meanwhile, Kelexo (KLXO) is gaining attention for its Web3 platform, changing how borrowing and lending work. Kelexo (KLXO) is fully decentralized and its Stage One presale at $0.022 has attracted more than 2,750 users in just 48...Read More
The bankrupt cryptocurrency lender Celsius Network has executed large transfers involving roughly $1 billion in ether (ETH) to centralized crypto exchanges Coinbase and Paxos, probably in preparation for its creditor repayment schedule. According to data from the crypto analytics platform Arkham Intelligence, Celsius moved the funds over 13 transfers, including two test transactions. Celsius Moves...Read More
The Clawback feature, included in the latest XRP Ledger version 1.12.0 release, has received 80% approval from validators. By activating clawback, developers can reverse token transactions in specific scenarios like potential fraud or facilitate account recovery if the sender has lost their credentials. By default, the clawback feature is deactivated, but If the user decides...Read More
According to a Matrixport Research analysis report shared with CryptoPotato on Jan. 26, Bitcoin prices may retest lower support around $36,000 to $38,000 if ETF hype fully unwinds. However, this would present buying opportunities for investors, according to Markus Thielen, Head of Research at Matrixport. “Sub-38,000, the ETF hype might be completely priced out and...Read More
The Grayscale Bitcoin Trust (GBTC) has recorded massive outflows since the United States Securities and Exchange Commission (SEC) approved its conversion and listing as a spot Bitcoin exchange-traded fund (ETF). This has led to a significant plunge in its Bitcoin (BTC) stash, and from the look of things, the withdrawals are not slowing down. According...Read More
