The hacker responsible for the WazirX security breach has moved over $23 million worth of stolen Ethereum (ETH) in the past 24 hours. This comes amidst the exchange’s restructuring efforts which could see 55-57% of the stolen assets being returned to users. Funds Likely Heading to Tornado Cash According to Cyvers Alerts, the hacker transferred...Read More
A higher low happens in a down-trending market when the last dip is not as deep as the previous one. This could be a sign of trend reversal as selling pressure wanes. The last dip saw BTC prices plunge to a low of $53,300, which was not as deep as the Aug. 5 crash to...Read More
Bitcoin’s price continues to show high levels of correlations with the landscape around the spot ETFs. This was further proven by the price actions on Monday evening. BTC jumped to over $58,000 for the first time in five days as the ETFs broke a two-week-long streak. Over the weekend, CryptoPotato reported the negative streak the...Read More
The approval of spot Bitcoin ETFs in January was one of the biggest moves in crypto this year, with funds generating a surge in demand for BTC. However, eight months after their launch, interest in those products appears to be waning. In a recent post on X, Jim Bianco, the CEO of Bianco Research, stated...Read More
USDT issuer Tether has made a move into the agriculture sector with a $100 million investment in Adecoagro, a South American agricultural firm. This marks its first venture into the agriculture and food industry, expanding its investment portfolio beyond its previous focus areas of technology and digital assets. Tether Acquires 9.8% Stake in Adecoagro In...Read More
Sections of the crypto community are accusing Democratic leaders of paying lip service to the sector while failing to deliver any actual support. This follows Kamala Harris’s policy priorities, which omitted cryptocurrency, and Chuck Schumer’s letter to senators outlining key bipartisan legislation that also excluded it. Harris’s Policy Fails to Mention Crypto This morning, Vice...Read More
MicroStrategy Executive Chairman Michael Saylor predicted on Monday that Bitcoin will reach $13 million over the next two decades. The billionaire explained why the leading digital asset’s recent volatility hasn’t frightened his company, and the advantages for investors to buy into MSTR instead. Bitcoin To $13 Million, Says Saylor During an interview with CNBC, Saylor...Read More
According to data from CoinShares, crypto investment products are experiencing a notable shift in investors’ sentiment. During the past trading week, they recorded staggering net outflows of $726 million, the highest outflow seen since March 2024. Bitcoin (BTC) saw the most outflow for the week, totaling $643 million, while short-bitcoin witnessed minor inflows of $3.9...Read More
Friend.Tech, the Web3 social networking platform that allows users to trade tokens for access to influential individuals’ feeds, is seemingly winding down just one year after its successful launch. On September 8, the developers behind it relinquished control of its smart contracts by transferring ownership to Ethereum’s null address. This action locks the system in...Read More
Agile Energy X – a company incorporated in Tokyo, Japan, and a subsidiary of the Tokyo Electric Power Company (TEPCO), is reportedly tapping into Bitcoin mining. According to recent coverage, the firm looks to expand its capabilities through Bitcoin mining, banking that it can prevent waste of excess renewable energy. It’s important to note that...Read More
On Sept. 9, crypto trader and analyst ‘Daan Crypto Trades’ told his 382,000 X followers that this cycle is not like previous ones as BTC made a new high before the halving but has stalled since. However, it is still ahead of where previous cycles would be relative to those highs, he said before adding:...Read More
Last week was a brutal one for crypto markets, with losses extending into the weekend. A raft of employment data out of the US didn’t prevent stock markets from falling either, as ‘Slumptember’ lives up to its name. This week will be heavy on inflation data with additional reports on jobless claims. “This is the final...Read More
The United States Federal Bureau of Investigation (FBI) has issued a paper alerting the public of “aggressive” attacks from North Korean hackers against the crypto industry and companies associated with digital asset investment products. According to the report, these attacks consist primarily of sophisticated social engineering tactics that even crypto employees and market participants well-versed...Read More
Since Ethereum underwent the Merge two years ago, its performance relative to Bitcoin has declined significantly. From gradually losing its reputation as ultra-sound money, ether (ETH) is currently a few steps away from falling into the undervaluation territory. Blockchain analytics platform CryptoQuant has identified the major drivers of Ethereum’s underperformance since the Merge, including inflationary...Read More
The negative streak in terms of flows for the spot Bitcoin ETFs continued in the past week and has now become the longest since those products were greenlighted in mid-January. At the same time, the Ethereum counterparts still see little activity, with investors’ demand and interest obviously missing. Bitcoin ETFs’ Negative Streak CryptoPotato reported last...Read More
In a landmark case in Scotland, £110,000 (worth approximately $144,384) has been seized from 29-year-old John Ross Rennie. This marks the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. This case was settled at the High Court in Edinburgh. Violent Robbery Rennie of Cambuslang was convicted of...Read More
The U.S. Federal Reserve has issued a cease-and-desist order against United Texas Bank (UTB), one of the few remaining American financial institutions still catering to crypto companies. The central bank cited “significant deficiencies” in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management tied to virtual currency customers and foreign...Read More
The non-fungible token (NFT) market has witnessed explosive growth, followed by significant downturns over the past few years. Despite the initial hype and heavy investment, it is now grappling with severe instability. According to a report from nftevening.com, a staggering 96% of NFTs are considered “dead” based on three factors – zero trading volume, minimal...Read More
While the crypto market remains unpredictable and continues dipping, large investors are not relenting in their activities. Analysis by data intelligence firm Santiment has disclosed the top ten crypto projects with the highest increase in whale activity. In this context, whales refer to investors executing transactions valued at $100,000 or more. Crypto markets may be...Read More
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes. This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain. Vitalik Buterin Denies Profit Motive Buterin was quick to...Read More
María Corina Machado, a leading figure in Venezuela’s opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a “lifeline” and a “vital means of resistance” against the country’s economic collapse. Bitcoin as a...Read More
Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM...Read More
The person behind 2023’s Euler Finance hack has congratulated the Penpie exploiter after the latter moved the bulk of the funds they stole to Tornado Cash. The Penpie thief transferred the money even as the decentralized finance (DeFi) platform pleaded for the funds to be returned in exchange for a bounty. The $27M Penpie Protocol...Read More
American singer and dancer Jason Derulo has not provided any updates about his meme coin JASON since July, raising concerns about the cryptocurrency’s fate despite multiple promises about its future and development. On-chain sleuth ZachXBT brought Derulo’s silence on the project to light in a recent tweet, reprimanding influencers who promoted the token at its...Read More
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has fallen to its lowest level this year, last seen in October 2023. This decline in this metric aligns with the current plunge in bitcoin’s (BTC) price and the downward trajectory of the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this...Read More
According to a recent report, eighty-eight corporate leaders have signed a letter today, which endorses Kamala Harris for US president. 88 Corporate Leaders Show Support for Harris CNBC reported today that a total of 88 corporate leaders and top executives from various companies in the US have formally endorsed Vice President Kamala Harris in her...Read More
It’s no secret anymore that the 2024 bull run has been quite different than previous ones, at least in terms of when the all-time high came and how BTC has moved post-halving. The past week or so has not been kind to the asset as it dumped to a monthly low of $55,300. Are the...Read More
The Bitcoin market correction, which has been ongoing for the past six months, is currently around 23%, which isn’t too deep historically. However, analysts are growing increasingly bearish the longer this downtrend continues. In a post on X on Sept. 5, trader ‘Crypto Louca’ predicted that Bitcoin price will continue to retreat this year, falling...Read More
The crypto market responds to news, trends, and community discussions on various topics. Substantial knowledge of these narratives gives investors an edge and helps them make informed decisions that can protect their portfolios and investments in digital assets. Crypto research and intelligence platform Santiment has outlined some narratives that have shaped the market this year....Read More
Crypto holders in Europe will now be able to spend their crypto almost anywhere from the safety of their self-custodial wallets thanks to a new payment card from Mastercard. Mercuryo, a fintech platform for web3 firms, announced its collaboration with the payments provider on Thursday to launch “Spend” – a multi-chain crypto card and Mastercard...Read More
