The eye-catching Bitcoin pile of MicroStrategy has recently surpassed $2 billion in unrealized profit. As the price of bitcoin briefly surpassed $42,000, MicroStrategy’s bitcoin accumulation seems to be paying off handsomely on paper. Bitcoin surged from a 24-hour low of $39,400 to a high of $42,108 before dropping to its current price of $41,715. This …...
Leading crypto exchange Bybit has analyzed trader behavior during the wild market swings since 2022. Their asset allocation research explores how different groups shifted holdings across coins, stablecoins, and alt tokens as prices whipsawed. With crypto buffeted by crises like Terra’s collapse and FTX’s implosion, traders employed strategies aligning risk profiles and sentiment. However, significant …...
El Salvador’s venture into Bitcoin has taken a positive turn, with President Nayib Bukele announcing notable profitability that contradicts earlier negative narratives. Through his latest tweet, Bukele clarified that the current market conditions have not only allowed the nation to recover its entire Bitcoin investment but also to accrue an unrealized profit of $3,620,277.13. Addressing …...
A federal judge has ordered the Securities and Exchange Commission (SEC) to show cause why it should not face sanctions after finding the agency made misleading statements about DEBT Box to obtain an emergency court order freezing over $49 million in assets last July. The rebuke from Chief Judge Robert Shelby spotlights “materially false” representations, …...
Two brothers arrested for exploiting vulnerabilities in the decentralized finance protocol Platypus that led to the theft of $8.5 million worth of crypto assets were acquitted of all charges in a Paris court last week. The news was initially published by the news outlet Le Monde. In mid-February, an ethical hacker named Mohammed M. drained …...
Decentralized cryptocurrency exchange KyberSwap has pledged ongoing assistance to users and law enforcement following a devastating hack last week that resulted in nearly $50 million being stolen. The platform said it understands many are facing hardship and promised grants to affected users. On November 22, an exploiter took advantage of a vulnerability in KyberSwap’s Elastic …...
Crypto exchange Coinbase published its fifth annual transparency report this week. With the report, the crypto exchange is shedding light on the number and nature of government and law enforcement requests for customer data that the company has received over the past year. The report, covering the period from October 1, 2022, through September 30, …...
Forkast Labs, the merged entity of crypto news site Forkast.News and NFT data provider CryptoSlam, has laid off the majority of its editorial staff as part of a shift in focus to data products, The Block has learned. According to multiple sources close to the matter, the publication has stopped pushing out new articles and …...
Esteban Cabrera Da Corte, also known as “Esteban Cabrera” was sentenced on Friday to 63 months in federal prison for leading a scheme to steal millions of dollars in crypto. The 27-year-old from Miami used stolen personal information to set up fake accounts and trick U.S. banks and a major cryptocurrency exchange into reversing legitimate …...
The crypto industry witnessed its highest monthly losses this year in November 2023 as hacks and frauds targeting decentralized finance (DeFi) and centralized finance (CeFi) surged. With over $343 million lost, the ecosystem saw a 15-fold increase in damages compared to October 2023. The data is from a November 2023 crypto loss report. Major Incidents …...
MicroStrategy, led by CEO Michael Saylor, has recently acquired an additional 16,130 Bitcoin for approximately $593.3 million. This latest acquisition brings the total Bitcoin holdings of the tech-focused firm to 174,530 BTC, valued at around $5.28 billion. Current Valuation and Profits: MicroStrategy holds 174,530 Bitcoin MicroStrategy’s Bitcoin journey, initiated in 2020 under the visionary leadership …...
The pseudonymous hacker who exploited the decentralized exchange KyberSwap earlier this month has issued startling demands that would grant them complete authority over the battered protocol’s operations and assets. In an on-chain message addressed to “all relevant and/or interested parties,” the exploiter calling themselves “Kyber Director,” thanked the community for patience during this “uncertain time. …...
The U.S. Department of the Treasury announced sanctions today against the cryptocurrency mixing service Sinbad.io (Sinbad). The sanctions are based on its alleged involvement in laundering hundreds of millions of dollars in crypto stolen by the North Korean state-sponsored Lazarus Group. Crypto mixers or tumblers are designed to obscure the origin and destination of digital …...
Cristiano Ronaldo is facing a proposed class-action lawsuit alleging he promoted the cryptocurrency exchange Binance, which has since faced legal troubles in the United States. Filed on November 27 with a U.S. District Court in Florida, the lawsuit claims Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in …...
In a series of tweets, two decentralized cryptocurrency exchanges (DEXs) on the Optimism and Base blockchains reported that their frontends had been hacked. Velodrome, the biggest DEX on Optimism in terms of total value locked, tweeted, “Our frontend is currently compromised. Please do not interact with Velodrome for the time being. The team is investigating …...
Binance.US took to X (formerly Twitter) to assure its community that it stands unaffected by the recent settlements. The official statement emphasizes the crypto exchange’s commitment to operating independently and adhering to all U.S. rules and regulations. Launched with the explicit goal of serving United States customers, Binance.US has clarified that it is not implicated …...
Richard Teng, the newly appointed CEO of leading cryptocurrency exchange Binance, laid out his vision and commitments in his first public address since taking the helm. Teng formally succeeded company founder Changpeng “CZ” Zhao shortly after CZ stepped down. In the open letter posted to Binance’s blog, Teng underscored his core focuses as incoming chief …...
Crypto investment products saw record inflows of $346 million last week, marking the largest weekly inflows during the current 9-week run, according to the latest report from CoinShares. The combination of rising cryptocurrency prices and growing investor inflows has now pushed total assets under management (AuM) in these funds up to $45.3 billion, the highest …...
Several Hong Kong residents lost a total of nearly HK$120 million (US$15.4 million) in an alleged cryptocurrency investment scam, according to police reports. Many affected say warnings about the suspicious trading platform came too late, according to the South Morning China Post. The Securities and Futures Commission (SFC) added Hounax to its list of suspicious …...
Cryptocurrency exchange Poloniex and its native token HTX were the targets of hacker attacks earlier this month, prompting the platform to temporarily suspend deposits and withdrawals. Now, Poloniex’s owner, Justin Sun, has announced plans to compensate affected users as services resume. In a recent tweet, Justin Sun said Poloniex and HTX “approach opening deposit and …...
A Montenegro court has approved the extradition of Do Kwon, founder of the failed cryptocurrency Terra, to either South Korea or the United States once he finishes serving a four-month prison sentence in Montenegro. The final extradition decision will be made by Montenegro’s Justice Minister. Kwon was arrested in March at Podgorica Airport in the …...
The Bank of Korea (BOK) has announced plans to launch a pilot program. The program will allow 100,000 Korean citizens to utilize a central bank digital currency (CBDC) by late 2024. The program comes on the heels of a visit from Agustin Carstens, general manager of the Bank for International Settlements. The current plans are …...
In the aftermath of Binance’s $4.6 billion settlement and CZ’s resignation, Jesse Powell, co-founder of crypto exchange Kraken, takes to X (formerly Twitter) to reflect on the challenges faced by the cryptocurrency industry. Powell discusses the ongoing struggles, the need for self-policing, and Kraken’s commitment to the long game. Additionally, his remarks come on the …...
In one of the most recent updates, PeckShield spotted abnormal withdrawals from the Heco bridge, including over $19 million worth of Ethereum. Additional funds in Tether, Chainlink, and other tokens were also rapidly drained in what seems to be an attack exploiting the bridge’s systems. PeckShield stated that the transactions were initiated by an operator …...
Crypto lending firm Genesis Global Capital has filed a lawsuit against the Gemini crypto exchange. The lawsuit seeks the recovery of over $689 million in alleged “preferential transfers” made by Gemini amid market turmoil this year, court documents revealed on Tuesday. The lawsuit marks the latest twist in the bitter legal fight between the two …...
Nearly a decade after its collapse, defunct crypto exchange Mt. Gox is gearing up to start compensating creditors after prolonged delays, according to an email sent to claimants this week. In an email to creditors on November 22, Mt. Gox rehabilitation trustee Nobuaki Kobayashi said efforts are underway “to commence repayments in cash within the …...
With the stunning news that rival crypto exchange Binance has been hit with criminal charges in the U.S., Coinbase CEO Brian Armstrong sees vindication in his company’s slower, compliance-focused approach. In a tweet shortly following the news regarding Binance CEO’s departure on Tuesday, Armstrong laid out why he believes Coinbase’s cautious strategy will pay off …...
The U.S. Department of Justice (DOJ) announced criminal charges against cryptocurrency exchange Binance on Tuesday. The charges allege the firm conspired to launder money and violated U.S. sanctions law. The filings represent the culmination of a years-long federal investigation into the largest crypto trading platform globally in terms of volume. The charges specifically relate to …...
Binance CEO Changpeng Zhao (CZ) plans to step down from his leadership role. Additionally, he will plead guilty to criminal violations of U.S. anti-money laundering (AML) regulations, according to sources familiar with the matter shared with WSJ. CZ’s guilty plea is part of a sweeping $4.3 billion settlement deal between global cryptocurrency exchange Binance and …...
The U.S. Department of Justice (DOJ) announced on Tuesday that it has seized nearly $9 million worth of the stablecoin Tether associated with an international criminal network running romance scams and cryptocurrency investment schemes. Dubbed “Pig Butchering,” these scams seek to gain a victim’s trust before coercing them to make bogus crypto investments or directly …...
The U.S. Securities and Exchange Commission (SEC) filed a complaint alleging that crypto exchange Kraken operates as an unregistered securities exchange, broker, and clearing house. Kraken strongly pushed back against the allegations, arguing that the claims are “factually incorrect” and have no legal basis. In the complaint, the SEC points to large transaction volumes on …...
The US Department of Justice is engaged in advanced negotiations with cryptocurrency exchange Binance over a proposed resolution to a multi-year investigation. The DOJ is seeking a settlement amount of over $4 billion from Binance, according to people familiar with the confidential talks shared with Bloomberg. While specifics are still minimal, the DOJ aims to …...
Stablecoin issuer Tether has frozen over 225 million USDT associated with an international human trafficking and money laundering operation in Southeast Asia. The freeze, conducted in collaboration with OKX and the United States Department of Justice (DOJ), represents the largest ever by Tether. Tether, OKX and DOJ freezes $225 million USDT The targeted operation involved …...
Mastercard has announced a new partnership with Feedzai, an artificial intelligence company, to enhance its capabilities to detect and prevent cryptocurrency fraud. The partnership details shared with CNBC come as Mastercard looks to increase oversight of the crypto sector. While the cryptocurrency realm is a booming sector, it remains prone to money laundering, scamming, and …...
The US Securities and Exchange Commission has postponed decisions on spot bitcoin exchange-traded fund (ETF) applications from Global X and Franklin Templeton. The latest update is according to a recent note released by the SEC and tweets from ETF analyst James Seyffart. The delays were expected by industry experts. On Friday, Seyffart tweeted that the …...
Dubai Virtual Asset Regulatory Authority (VARA) announced it has fined 18 crypto companies so far for failing to engage with its licensing process before the November 17th deadline. VARA warned that additional enforcement actions are forthcoming. In the announcement, VARA stated: Strict Licensing Rules Instituted This Year VARA began implementing its robust crypto asset framework …...
The US Department of Justice announced charges on Thursday against three individuals—Zhong Shi Gao, Naifeng Xu, and Fei Jiang—for allegedly perpetrating a complex crypto money laundering scheme to defraud banks of over $10 million. The trio allegedly laundered the stolen funds through cryptocurrency exchanges. Federal prosecutors with the US Attorney’s Office for the Southern District …...
In the latest updates that surfaced in the crypto spot ETF realm, BlackRock officially filed an application with the SEC for a spot Ethereum exchange-traded fund (ETF). The proposed ETF would track the price of Ether under the ‘iShares Ethereum Trust’ brand. The S-1 filing comes just a week after BlackRock registered the iShares Ethereum …...
Blockchain sleuth ZachXBT issued a public alert that lending protocol Lendora Protocol appears poised to execute a large-scale exit scam, potentially totaling millions in losses based on suspicious indicators. In a Twitter thread, ZachXBT revealed evidence raising exit scam concerns: Lendora Protocol website goes offline According to ZachXBT, Lendora’s team has been connected to numerous …...
The U.S. Securities and Exchange Commission (SEC) has announced delays in making decisions on two crypto ETF applications. The regulatory agency is extending its review period for both Hashdex’s proposal to convert its bitcoin futures ETF into a spot bitcoin ETF and Grayscale’s application for an ether futures ETF. The delays, announced in SEC filings …...
A bipartisan group of congressional leaders has embarked on a fact-finding crypto mission regarding recent reports that the Palestinian militant group Hamas has utilized cryptocurrency to raise funds. The inquiry, led by House Financial Services Committee Chairman Patrick McHenry, seeks to gather information to inform potential congressional action on this issue. Chairman McHenry was joined …...
Commerzbank AG has been granted a crypto asset custody license, making it the first major German full-service bank to receive regulatory approval for comprehensive digital asset services. The Frankfurt-based bank announced receiving the license under the German Banking Act on Wednesday. The license enables Commerzbank to launch institutional-grade custody and additional crypto offerings for clients. …...
Cboe Digital, the crypto arm of derivatives exchange giant Cboe Global Markets, has unveiled plans to enter into regulated margin trading for Bitcoin and Ethereum futures. The launch, slated for January 11, 2024, will make Cboe the first U.S. trading platform to offer combined spot and leveraged crypto trading with integrated clearing. Cboe Digital President …...
Blockchain security company SlowMist has published a comprehensive analysis discussing a counterfeit Skype application. The fake app secretly uploaded users’ images and modified crypto wallet addresses with the intent of pilfering funds. SlowMist investigated after a victim reported stolen assets from downloading a counterfeit Skype app outside official channels. Key findings from their analysis: Advanced …...
Cryptocurrency exchange Poloniex is looking into what appears to be a major security breach affecting one of its wallets. Large unauthorized outflows indicate substantial user funds were potentially stolen. On-chain analysis by PeckShield Alerts shows suspicious transfers from a Poloniex-tagged hot wallet, identified as Poloniex 4 on Etherscan. Initial estimates suggest over $125 million worth …...
MicroStrategy’s Bitcoin holdings have attained immense unrealized profits following the latest BTC price surge. MicroStrategy currently holds around 158,400 Bitcoin worth over $5.8 billion as of press time, according to data tracked by Saylor Tracker. This represents an unrealized profit of approximately $1.07 billion based on MicroStrategy’s accumulated investment costs. The unrealized gain equals a …...
Financial giant BlackRock registered an Ethereum trust with Delaware, according to the latest reports that surfaced. This has sparked speculation about an impending SEC application for an ETH ETF. Independent analysts revealed BlackRock’s registration of the iShares Ethereum Trust on X (formerly Twitter). Eric Balchunas, senior ETF analyst at Bloomberg, confirmed the news himself. BlackRock …...
As the highly anticipated Bitcoin halving approaches in early 2024 and optimism grows around a spot ETF approval in the US, the excitement and positivity surrounding Bitcoin continues to build. In this context, a crucial question for investors is: what portion of the 21 million Bitcoin supply is actively circulating versus held tightly in reserves? …...
ETF analyst James Seyffart asserts the SEC could approve a swath of bitcoin spot ETFs together in a brief upcoming window. The analysis aligns with his forecast of >90% odds for approval by January 2024. In a recent tweet thread, Seyffart said that a joint approval wave could occur because multiple recent filings faced simultaneous …...
The price of Ordinals (ORDI) has seen a dramatic 88% surge over the last 24 hours following its listing on the popular crypto exchange Binance. The token’s price jumped from a 24-hour low of $7.21 to its current level of $13.78 as of press time, according to CoinMarketCap data. The addition to Binance, currently the …...
Cryptocurrency exchange Binance has released its twelfth proof of reserve report, providing transparency into its reserves during a period of market instability. The latest report, with a snapshot date of November 1st, 2023, was calculated and verified by independent Chinese journalist Colin Wu. The proof of reserve report aims to reassure users that Binance has …...
A rare zombie CryptoPunk NFT sold for $1.14 million on Monday, sparking speculation that interest in NFTs is rebounding after months of declining sales volume. CryptoPunk #7458 is one of only 88 zombie punks in the collection of 10,000 unique punks. It has three attributes: a shadow beard, a knitted cap, and regular shades. This …...
The centralized cryptocurrency exchange (CEX) landscape has seen some notable shifts over the past year, according to a new market report from blockchain analytics firm 0xScope. While Binance still retains the top spot by a large margin, its market share across key metrics like trading volume has declined, opening opportunities for other exchanges to gain …...
A 47-part Twitter/X thread by Genesis creditor Vijay Boyapati alleges Digital Currency Group (DCG) and its CEO Barry Silbert perpetrated fraud to hide massive Genesis losses stemming from Three Arrows Capital’s (3AC) implosion. Boyapati argues DCG provided a bogus $1.1 billion promissory note to paper over Genesis’ insolvency, misleading creditors and buying time. The scheme …...
A fake Ledger Live app surfaced on the official Microsoft app store, resulting in over $768,000 being stolen before its removal, according to crypto sleuth ZachXBT. The scam wallet received nearly 17 Bitcoin from victims. The fake Ledger Live app exploited the Microsoft Store’s credibility to lend legitimacy to an elaborate phishing scam. The ploy …...
Digital asset investment products recorded $261 million of net inflows last week, marking the 6th consecutive week of inflows, according to crypto asset manager CoinShares. Total inflows over the streak now exceed $767 million. The latest $261 million weekly gain pushes total inflows over the 6-week run past the $736 million seen in all of …...
Advisers for collapsed cryptocurrency exchange FTX have disclosed customer transaction data and account details to multiple FBI field offices in recent months, according to a report by Bloomberg. Consultancy Alvarez & Marsal has provided information on specific FTX users’ trades and accounts in response to FBI subpoenas and requests. This was revealed in the firm’s …...
OpenSea, the largest NFT marketplace, revealed significant company changes, including layoffs and a product revamp dubbed “OpenSea 2.0.” In a nine-part Twitter thread, CEO Devin Finzer announced they are rebuilding OpenSea’s culture, products, and technology from scratch. While proud of OpenSea’s NFT industry contributions, Finzer admitted the platform feels like a “follower, not a leader” …...
The US Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions this week on Russian national Ekaterina Zhdanova for using crypto to help Russian elites evade international sanctions related to the war in Ukraine. According to the Treasury announcement, Zhdanova facilitated over $2.3 million in fund transfers to Western Europe on behalf of a …...
The Singapore Police Force issued a warning this week about a new phishing scam targeting WhatsApp users. The scam involves fake “WhatsApp Web” websites that trick victims into giving scammers access to their WhatsApp accounts. According to the police advisory, the scam starts when victims search for the WhatsApp Web page and click on phony …...
Memecoin saw major on-chain activity and exchange deposits following its high-profile Binance listing. On-chain analytics firm Lookonchain provided detailed breakdowns of Memecoin’s tokenomics and post-listing token movements. According to Lookonchain, the total supply of Memecoin is 69 billion tokens. 8,797,500,000 MEME were circulating initially when Memecoin was listed on Binance, equaling 12.75% of the total …...
The price of Solana (SOL) has surged around 69.5% over the past month, leading up to the breakpoint in 2023, according to analysis by on-chain tracking firm Lookonchain. However, previous pump and dumps around the event raise questions. Solana is currently trading around $40.50, up from under $25 in early October. Lookonchain cited several factors …...
“You can never have too much bitcoin,” affirmed diehard Bitcoin bull Michael Saylor in a recent CNBC interview following the Q3 earnings of MicroStrategy. He cited several key factors that can drive further bitcoin growth. As the co-founder of MicroStrategy, Saylor has made Bitcoin a corporate strategy. The company holds 158,400 BTC worth billions acquired …...
Three dormant Bitcoin whale addresses moved a combined 6,500 BTC worth about $230 million and made sudden transfers on November 2nd. The wallets have been inactive since 2017. According to data from BitInfoCharts, the first address moved 2,550 BTC, valued at around $90 million. A second address transferred 2,000 BTC worth $71 million. And a …...
As the fraud trial of FTX founder Sam Bankman-Fried continues, federal prosecutors are attempting to convince the jury that the former crypto mogul knowingly misled investors and misused customer funds. Assistant U.S. Attorney Nicolas Roos delivered the prosecution’s closing argument on Wednesday, asserting there is “no serious dispute” that billions in customer funds are unaccounted …...
The US Securities and Exchange Commission (SEC) charged crypto firm SafeMoon, its founder, and executives on Thursday for perpetrating an alleged $200 million fraud through unregistered token sales. According to the SEC complaint, SafeMoon and its leaders falsely promised investors they would safely lock liquidity pool funds. However, they allegedly misappropriated millions to fund lavish …...
Crypto exchange FTX and its sister trading firm, Alameda Research, have transferred close to $127.5 million worth of digital assets over the past few days, according to on-chain data tracked by analyst Lookonchain. $20.2 million moved on November 1 Lookonchain reported FTX moved around $20.2 million in assets on November 1, including: On October 31, …...
Payments giant PayPal has successfully registered with the UK’s Financial Conduct Authority (FCA) as a crypto service provider, according to the regulator’s public register. However, PayPal faces restrictions on UK crypto services pending further FCA approvals. The FCA register shows PayPal UK Limited was approved for registration on October 31, 2023. The status permits PayPal …...
As Ethereum continues to cement itself as the leading smart contract blockchain network, an array of layer 2 scaling solutions have emerged to help bring greater capacity, lower costs, and increased security to the ecosystem. According to Ethereum co-founder Vitalik Buterin, the layer 2 landscape is likely to remain diverse and heterogeneous going forward. In …...
In October, over $32 million in crypto was stolen through an array of security breaches, scams, and exploits, according to security and threat intelligence platform CertiK. The October loss pushed 2023’s total well above $1.3 billion. CertiK’s incident report reveals the scale and diversity of risks facing the crypto sector. Here are the key details: …...
On October 31, 2023, Securities and Exchange Commission (SEC) Chair Gary Gensler posted a provocative tweet commemorating the 15th anniversary of the publication of the Bitcoin whitepaper by its pseudonymous creator, Satoshi Nakamoto. In the tweet, Gensler playfully pondered whether anyone would be able to recognize Satoshi if he went out incognito for Halloween. He …...
Stablecoin firm Tether published its reserves attestation for Q3 2023, revealing its highest ever percentage of reserves held in cash and cash equivalents. The report signals Tether’s prudent financial management amid crypto market volatility. Independent auditor BDO confirmed Tether’s consolidated assets continue to exceed its outstanding token liabilities as of September 30, 2023. Tether also …...
On-chain sleuth ZachXBT is advising investors to exercise caution regarding the ongoing token sale for De.Fi 2.0 and its native DEFI token. In a recent tweet, he pointed out several issues that raise red flags about the project. De.Fi 2.0 operates in the decentralized finance space and conducted an initial DEX offering (IDO) for its …...
The price of Ethereum has surged recently but is beginning to show signs of conflicting momentum, based on the latest blockchain insights shared by market intelligence platform Santiment. While the second-largest cryptocurrency gained over 13% in October, its trading volumes have declined even as prices rise. This divergence between rising prices and falling volumes often …...
Crypto Investment funds saw $326 million of net inflows last week, the highest weekly total since July 2022, according to new data from CoinShares. The surge follows building optimism around a potential US spot bitcoin ETF approval. Key details from the report: Where Are Funds Flowing From? Only 12% of the latest inflows came from …...
FTX founder Sam Bankman-Fried took the stand for the first time Friday in his criminal fraud trial, describing the crypto exchange’s exponential expansion and his extensive work hours. However, he conceded that the lack of a risk management team was a glaring oversight. Bankman-Fried testified that FTX trading volume rapidly scaled from millions to billions …...
Top Federal Reserve supervision executive Michael Barr said Friday that stablecoins require strong oversight to avoid risks. However, he noted the Fed remains undecided on pursuing a central bank digital currency (CBDC). In remarks at a Washington, D.C., conference, Barr stated: Stablecoins Require Federal Regulation Barr expressed deep concern over stablecoins issued without federal prudential …...
Cryptocurrency hardware wallet maker Trezor is investigating a phishing email campaign targeting its users. Crypto sleuth ZachXBT revealed details of the scam on his Telegram channel. The fraudulent emails invite Trezor owners to download a fake firmware update to supposedly fix a software issue. This mirrors tactics seen in prior Trezor phishing schemes. According to …...
In his farewell speech, Sir Jon Cunliffe of the Bank of England took stock of how Facebook’s 2019 announcement of its planned Libra cryptocurrency jolted central banks and regulators to address digital money and payments with greater urgency. While Libra itself ultimately failed to launch and was rebranded last year, Cunliffe said its unveiling put …...
Cryptocurrency exchange FTX has transferred additional millions in digital assets, according to blockchain data revealed by on-chain analyst Lookonchain. The latest transfers include: The asset movements follow earlier transfers of millions in Solana and Ethereum from FTX wallets to exchanges. FTX’s asset movement comes amidst SBF’s proceedings This activity comes as FTX navigates concurrent bankruptcy …...
Younger generations are propelling crypto adoption as they look beyond traditional institutions to chart their own paths to economic opportunity, according to crypto exchange Coinbase’s latest State of Crypto report. The report finds that Millennials and Gen Z have far less faith in the current financial system. They are instead embracing cryptocurrency and blockchain as …...
Republican lawmakers are pressing the Department of Justice to evaluate crypto exchange Binance and stablecoin Tether over potential terrorism financing. This comes amid conflicting reports on crypto’s role in funding attacks against Israel. In a letter on Thursday, Senator Cynthia Lummis (R-WY) and Representative French Hill (R-AR) urged the DOJ to evaluate Binance and Tether’s …...
In an exclusive interview with Chinese journalist Colin Wu, Hong Shuning, the author of China’s first Bitcoin research paper and a former central bank researcher, revealed his vision of Bitcoin as legal tender back in 2011. Hong sees Bitcoin evolving beyond just a currency into a diverse Web 3.0 ecosystem. Despite missing out on huge …...
