July 19, 2024

Bitzlato Founder Sentenced to Prison for Facilitating Money Laundering

On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business. Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from illegal gambling and drug transactions....
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Trump and Bitcoin: How Institutional Bets on $100K December Calls Could Shape the Market

Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital...
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Binance’s Bold Move: Investing Customer Funds in US Treasury Bills!

On July 19, a United States court granted Binance the approval to invest customer funds in US Treasury Bills. According to the order from the United States District Court for the District of Columbia, Binance can invest “certain” customer funds through a third-party investment manager. Binance must ensure that it does not invest these funds...
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Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report

Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held...
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Bitcoin Rockets To $66,400, Triggering $131 Million In Liquidations

Bitcoin’s price surged back above $66,000 on Friday, reclaiming its highest market value since early June. The digital asset ripped from $64,102 at 13:27 UTC on Thursday up to $66,472 at 17:00 UTC. It trades for $66,332 at writing time. This is the highest price Bitcoin has achieved since early June, shortly after the Securities...
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WazirX Taps Forensic Experts, Law Enforcement to Identify Hackers Behind $230M Breach

In response to the devastating $230 million security breach, WazirX revealed that it has filed a formal police complaint and is exploring additional legal avenues to hold those responsible accountable. Immediate actions include reporting the incident to the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In). WazirX’s Comprehensive Action Plan In...
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Unpacking the WazirX Hack: What Happened and How Much Crypto is Lost

WazirX, the largest Indian cryptocurrency exchange, was hit by a security breach in one of its multisig wallets on Thursday. The incident resulted in the loss of over $230 million from the multisig wallet. Over $230 Million Stolen in WazirX Breach The company announced the attack in a post on X: At WazirX, our commitment...
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Importan Ripple (XRP) Update: Certain Users Need to Take Action

RippleX, the portal designed to empower developers in the XRP Ledger ecosystem, shared an important update today that requires action from certain users. In a post to Twitter, RippleX took the opportunity to remind people that anyone operating a node on XRPL has to upgrade to the latest version of Rippled in order to ensure...
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XRP Breaks EMA, $1 Milestone on Horizon?

Ripple (XRP) surges on 80% transaction increase Analysts predict Ripple (XRP) targets: $1.88-$18.23. Minotaurus (MTAUR) boasts $0.0000452 presale price Ripple (XRP) has been making headlines recently, particularly with its latest price movements and strategic corporate decisions.  The market is closely monitoring these developments as Ripple (XRP) continues to demonstrate resilience and adaptability in a highly...
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Trouble for Shiba Inu (SHIB)? Major Exchange Attack Leads to Millions in Losses

The SHIB price plunged earlier today, losing about 7% of its value at one point. It has since managed to erase some of the losses, but the tension remains as the entire market is currently in a state of decline. The Main Reason Behind Shiba Inu’s Decline Today Earlier today, the leading cryptocurrency exchange in...
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Crypto Mixer Tornado Cash Experiences Resurgence Despite Ongoing Sanctions

Tornado Cash, the “crypto-mixing” protocol, has experienced a resurgence in 2024 after a significant decline in activity following the U.S. government’s sanctions two years ago. The sanctions, imposed by the Office of Foreign Assets Control (OFAC) in August 2022, initially led to a drop in monthly deposits to Tornado Cash, with activity plunging by more...
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Here’s When Polygon Will Migrate from MATIC to POL Token

Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the community’s approval of the proposal. This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts. The Migration Process “Following PIP-42, consensus was reached that Polygon PoS validators must stake POL...
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Bitcoin (BTC) $ 69,518.63 0.31%
Ethereum (ETH) $ 2,491.86 0.93%
Tether (USDT) $ 0.999947 0.03%
BNB (BNB) $ 569.39 0.56%
Solana (SOL) $ 164.92 1.01%
USDC (USDC) $ 1.00 0.07%
XRP (XRP) $ 0.509964 1.26%
Lido Staked Ether (STETH) $ 2,490.88 0.82%
Dogecoin (DOGE) $ 0.15994 0.40%
TRON (TRX) $ 0.166229 0.71%