South Korean prosecutors revealed on Monday that they had apprehended and placed under custody three executives, including its two co-chief executive officers, from the crypto yield platform Haru Invest. The trio is facing accusations from Seoul prosecutors of embezzling about 1.1 trillion Korean won, which translates to roughly $826 million in crypto, from around 16,000...Read More
Activity around Bitcoin spot ETFs has slowed substantially this week, with two major funds losing their undefeated streak of inflows since launch. On Monday, both the Bitwise Bitcoin ETF (BITB) and the ARK 21Shares Bitcoin ETF (ARKB) saw their first day of net zero inflows. Loss Of Momentum For Bitcoin Spot ETFs According to data...Read More
Bitcoin-bullish software company MicroStrategy (MSTR) increased its Bitcoin position again in January, bringing its total holdings to an even 190,000 BTC. Michael Saylor, the executive chairman of the company, said on Tuesday that the company acquired another 850 BTC in January for $37.2 million. That’s an average price of $43,764, slightly above today’s trading price...Read More
New research by the cybersecurity reporters at 404 Media has uncovered a new tool named OnlyFakes that reliably generates fake IDs capable of bypassing KYC providers’ checks with relative ease. The fake documents can be generated with or without a background, which would suggest it is a picture that was just taken by a user...Read More
Digital Currency Group (DCG) has filed a motion objecting to the bankruptcy plan proposed by Genesis Global Capital, its subsidiary, citing violations of the Bankruptcy Code. The objection – lodged on February 5th – asserts that Genesis’ plan exceeds the legal entitlements of its customers, potentially favoring a select group of creditors while stripping DCG...Read More
A cryptocurrency trader has profited more than a million dollars from a less than $100,000 purchase of the just launched Pandora (PANDORA) token. According to a tweet by market analytics platform LookOnChain, the trader’s purchase recorded gains after two days. The price of #Pandora, the first token built on the #ERC404 token standard, has now...Read More
Three new and exciting projects that have recently stirred the crypto space with whispers of 100x gains are Chimpzee, Dogwifhat, and the rising star, Scorpion Casino. Let’s delve into what makes these projects stand out and why Scorpion Casino, in particular, is capturing the attention of savvy investors. Chimpzee and Dogwifhat: A Glimpse into the...Read More
A former developer at Terraform Labs, known only as “Lee,” reportedly took the stand on Monday at the 14th Criminal Division of the Seoul Southern District Court, testifying against the company’s co-founders, Kwon Do-hyeong and Shin Hyun-seung. The witness, formerly a leader within the Terra development team, provided crucial testimony against Terra founder Do Kwon...Read More
Dogecoin’s price has found significant resistance from the $0.08 level despite a brief upward breakout. The OG meme coin’s trajectory hasn’t been in tandem with the rest of the crypto market. This, however, has not stopped the network from witnessing growth across various metrics. Dogecoin Sees Increased Network Activity Dogecoin’s value has declined by 23%...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, February 6th, 2024] Citrea is the first rollup that enhances the capabilities of Bitcoin blockspace with zero knowledge technology, enabling developers to build everything on Bitcoin Citrea, Bitcoin’s first ZK rollup, has come out of stealth today to enable developers to build everything on Bitcoin. Citrea is the...Read More
Analysts at crypto exchange Bitfinex have attributed the plunge in BTC’s price to Bitcoin miners who leveraged the asset’s recent rally to make a profit. According to the latest edition of the Bitfinex Alpha report, the BTC reserves of miners have reduced significantly as they have embarked on a selling spree, seeking to provide capital...Read More
Solana is down. The popular layer-one hasn’t been offline for quite a while, but it appears that the network isn’t functioning for a bit. According to an official update from the Solana Status account, the “mainnet-beta” experienced an outage, and engineers across the ecosystem are working to identify the issue. The update is from 10:22...Read More
DYMUSDT, the native token of Dymension, a L1 modular blockchain, will be available to trade on BitMEX, with up to 10x leverage starting on 7 Feb 2024 at 04:00 UTC. For a deeper look at our new Dymension listing, read on.If you haven’t signed up for a BitMEX account yet, we’re currently offering up to...Read More
Ripple has been making moves, transferring millions of XRP to centralized exchanges and to other wallets. The company initiated three “whale” transfers flagged by a popular service that tracks large transactions. First things first, it’s important to outline that there’s been a development in the case between Ripple and the United States Securities and Exchange...Read More
A U.S. judge has ordered Ripple Labs to provide its historical financial statements, responding to a longstanding request from the Securities and Exchange Commission (SEC), according to court documents. SEC initiated legal action against Ripple over three years ago, accusing the company of conducting unregistered sales of its XRP cryptocurrency. Ripple to Disclose Financial Records...Read More
The total value locked on Ethereum restaking protocol EigenLayer has surged 70% over the past week. Furthermore, it is currently at an all-time high of $3.4 billion, according to DeFiLlama. The reason for the surge is a reopening of deposits on the restaking platform and the removal of staking limits or caps. On Feb. 6,...Read More
The Optimism price continues to display a positive trend by jumping over 6% within the past 24 hours, whereas the major tokens continue to record bearish trends in their respective charts. The Optimism price traded in a consolidated range between $3.595 and $4.099 for the first few days of the month, following which the market...Read More
Bitcoin price may still be correcting as many predicted it would after the SEC approved several Bitcoin ETFs on Jan. 10. But the halving this year will exert its own influence over crypto exchange rates. After crashing 15% from the Jan. 10 price to on Jan. 22, Bitcoin (BTC) retraced to support above $42,500 for the...Read More
