Yesterday’s minor relief rally quickly came to a halt as the entire market turned red once again. Bitcoin and Ethereum both dumped to monthly lows before recovering slightly. This has caused roughly $200 million in liquidations for over-leveraged traders, with the largest single-wrecked position worth nearly $3 million. CryptoPotato reported yesterday the minor price gains […]
Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in […]
The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per […]
Last month, the crypto space experienced $313 million in losses due to over ten different hacks. Of the total stolen funds, 93.5% were lost in two large phishing attacks that occurred during that time. August Cases According to a post by blockchain security firm PeckShield, the two incidents combined for a loss of about $293.4 […]
According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300. This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year’s […]
The TON blockchain processed over 46 million transactions last week, a significant surge fueled by the excitement surrounding the DOGS airdrop, according to the latest data shared by IntoTheBlock. This impressive activity highlighted the growing interest and engagement within the TON ecosystem, as users scrambled to participate in the airdrop, driving up transaction volumes to […]
On Sept. 2, crypto analyst ‘Titan of Crypto’ showed his 90,000 X followers a technical pattern unfolding that has never been seen before. A golden cross is forming between the 100-day moving average and the longer time frame 200-day moving average. A typical golden cross is when a shorter time frame moving average like a […]
In a September 1 X post, Kannon Shanmugam, a lawyer representing Joseph Van Loon and several others in a lawsuit against the U.S. Treasury hinted that he would be presenting arguments in the Fifth Circuit for the case. In a show of support for the legal challenge, Coinbase’s Chief Legal Officer, Paul Grewal, responded to […]
A London resident has become the first person in the UK to be charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, 37, of Langdon Crescent, East Ham, was arrested on April 28, 2023, following a raid by Kent Police at a gadget shop in Chatham. Medway Trader Faces Charges for Laundering £300,000 […]
Meanwhile, crypto assets continue to decline in what has been a divergence from tech stock markets, which continue to see growth. Last week’s economic reports painted a rosy picture of a robust economy, resilient consumer spending, and gradually cooling inflation. This is the fuel for the Federal Reserve to ease its monetary policy, with investors […]