Bitcoin faces uncertainty as Biden’s executive order casts shadow on cryptocurrency
The Bitcoin and cryptocurrency market is potentially facing uncertainty as US President Joe Biden contemplates issuing an executive order on artificial intelligence (AI), which could have significant implications for the crypto industry. A leaked report by Forbes suggests that the order may require companies like Microsoft, Google, and Amazon to disclose customer purchases of processing […]
90% of crypto market’s liquidity controlled by just 8 players
A recent report has highlighted that approximately 90% of the cryptocurrency market’s liquidity is controlled by just eight centralized exchanges (CEX). These exchanges include Binance, Coinbase, Kraken, OKX, KuCoin, Bybit, Binance.US, and Bitfinex. This concentration of liquidity among a few entities raises concerns about the decentralization of the industry. The dominance of these exchanges becomes […]
FTX’s $3.4 Billion crypto asset sale is going live: What it means for the industry and investors
FTX, a failed cryptocurrency exchange, has been granted permission by a Delaware bankruptcy court to sell its crypto assets amounting to $3.4 billion. The court approved the motion on Wednesday, allowing FTX to liquidate up to $100 million in cryptocurrencies every week. This limit may increase to $200 million with approval from two committees representing […]
CoinEx hit by cyber attack resulted in $27 million stolen, withdrawals suspended
Cryptocurrency exchange CoinEx has temporarily suspended withdrawals following a suspected cyber attack that could have resulted in a loss of around $27 million. Unusual activities on the platform were noticed by multiple cybersecurity firms, prompting a confirmation from CoinEx that some of its hot wallet addresses had experienced “anomalous withdrawals”. The potential stolen assets include […]
Crypto Turmoil: Majority of SHIB and other crypto investors are in the Red
The recent crypto market downturn has left a significant number of investors in Shiba Inu (SHIB) and other cryptocurrencies with losses. Data from IntoTheBlock reveals that 83% of SHIB investors are currently in the red, despite the launch of Shibarium last month. SHIB’s price has dropped by almost 6% in the last seven days, trading […]
DYDX unleashes $14 Million token for community and traders
Decentralized exchange platform dYdX is unlocking $14.02 million worth of its native DYDX tokens to be distributed to its community treasury and as rewards for traders and liquidity providers. A total of 6.52 million tokens will be released, representing 3.76% of the DYDX circulating supply. The community treasury will receive 2.49 million tokens ($5.36 million), […]
Coinbase to delist six cryptocurrencies, know why?
Crypto exchange Coinbase has announced that it will be delisting six cryptocurrencies from its platform. These cryptocurrencies include BarnBridge, DerivaDAO, Jupiter, Multichain, Ooki, and Voyager. The delisting will take effect on September 6, 2023, at 9 a.m. PT. This decision by Coinbase has led to a decline in the value of these assets. The delisting […]
Sam Bankman-Fried’s lawyers granted unlimited prison visits
FTX founder Sam Bankman-Fried’s lawyers have been granted permission to visit him in prison as they prepare for his defense, following the denial of his request for daily meetings at their Manhattan office. A federal judge issued an order stating that Bankman-Fried’s lawyers can take full advantage of legal visitation hours at the Metropolitan Detention […]
Why whales are accumulating these cryptos?
A whale has made notable purchases of Ethereum, Lido, Uniswap, and Aave, spending approximately 5 million USDT. The purchases include 557 ETH, 593,139 LDO, 413,727 UNI, and 17,203 AAVE. These investments by a single entity could be an indicator of bullish moves in the crypto market. The purchase of Ethereum aligns closely with the current […]
Whale Alert: Massive Bitcoin transfers raise concerns amid FBI warning
In the past 24 hours, two significant Bitcoin (BTC) transactions have caught the attention of the crypto community. This comes shortly after the FBI warned about the movement of funds associated with North Korean hacker organizations. The first transaction involved around 4,800 BTC (approximately $124.95 million), while the second transaction saw 2,910 BTC (close to […]