How a $15 Million Ripple (XRP) transfer is shaking up the crypto market
A significant transfer of Ripple (XRP) to a centralized exchange has ignited speculation about its potential impact on the cryptocurrency’s liquidity and market dynamics. A $15 million, or 26.7 million XRP, transfer from an undisclosed wallet to Bitstamp, a centralized exchange, was highlighted by Whale Alert on October 29. This substantial movement signifies a potential […]
Crypto exchange Bittrex’s US shutdown gets green light from court
Bittrex, a leading cryptocurrency exchange, has gained court approval for its revised bankruptcy plan to cease its U.S. operations. A court filing revealed that Judge Brendan Shannon approved the company’s liquidation scheme designed to repay remaining creditors. The filing quoted, “As stated on the record at the Hearing, the Court ruled that it would enter […]
$1 Billion robbed from crypto space in 2023: smaller heists on the rise!
Cybercriminals have siphoned off over $1 billion from the crypto industry via 75 hacks in 2023. This figure indicates a drop from 2022, when over $3.2 billion was stolen across 60 hacks. However, this decrease is not due to enhanced security measures or a decline in hacker interest. According to Eric Jardine, a cybercrime research […]
Crypto market bleeds $40B in days meanwhile Bitcoin sinks to $27,000
The cryptocurrency market has reportedly lost a staggering $40B in a matter of days, with Bitcoin’s price dwindling to $27,000. Altcoins have also experienced significant setbacks. ATOM has seen the largest fall over the past 24 hours. Bitcoin has followed suit with a 2% drop to $27,000, after having resisted the market-wide price drops for […]
Bitcoin triumphs over US Dollar in battle against ‘Eggflation’: Federal Reserve data
The U.S. Federal Reserve has unintentionally admitted that Bitcoin (BTC) is outperforming the U.S. dollar in curbing inflation, according to a revelation that comes from a Fed blog post discussing Bitcoin’s purchasing power. The blog, first published in June 2022 and subsequently updated, compares the price of a dozen eggs bought with BTC and dollars. […]
Kevin O’leary predicts end of ‘crypto cowboys’ era
The Canadian businessman and television star, Kevin O’Leary, has forecasted the fall of the “crypto cowboys” with the impending industry regulation. Nonetheless, O’Leary remains optimistic about the future of cryptocurrency. O’Leary, who previously served as a paid representative for the now-defunct FTX exchange, anticipates that the era of “crypto cowboys” will soon be over. “They’re […]
Binance and Royal Thai Police uncover $277M from crypto fraudsters
The Royal Thai Police have partnered with leading cryptocurrency exchange, Binance, to recover a staggering $277 million from an alleged group of cryptocurrency fraudsters. Binance supplied critical intelligence to law enforcement agencies, which led to the exposure and dismantling of the criminal syndicate. The operation, dubbed “Trust No One”, resulted in the apprehension of five […]
Litecoin’s mixed year: can LTC bounce back amid market uncertainty?
Despite a lackluster year, Litecoin (LTC) shows potential signs of recovery. With its price at a pivotal point, the coming weeks could be crucial for the cryptocurrency’s future performance. On Monday, Litecoin’s price has seen a 2.5% rise in the past week, but a recent drop to $65.81 indicates a 2.5% loss in the last […]
Coinbase secures full license to expand crypto payment services in singapore
Cryptocurrency exchange platform Coinbase has secured a full major payment institution license under Singapore’s Payment Services Act. This development will allow the company to broaden its crypto payment services footprint in the country. Coinbase announced on Sunday that the license was granted nearly a year after Coinbase received preliminary approval from the Monetary Authority of […]
Bitcoin cash steals the show with an 8% rise amidst bullish crypto market
In a noteworthy development in the cryptocurrency market, Bitcoin Cash emerged as the front-runner with an 8% rise in trading value within the past 24 hours. As per a recent report from Watcher Guru on Wednesday, the digital asset is currently trading at approximately $237. On-chain data recently made available reveals an uptick in the […]