In a significant exploit in the cryptocurrency space, the now-defunct FTX exchange fell victim to a hack a few hours after declaring bankruptcy, resulting in a loss of over $600 million. Recent on-chain data reveals that the FTX exploiter, whose address was identified as 0x3e9, has become active for the first time in 10 months
Since its inception in 2009, the cryptocurrency industry has experienced exponential growth in terms of market size and the number of active currencies. As of 2023, there are over 22,932 active cryptocurrencies in the market, highlighting the remarkable expansion of the sector. While most users focus on the top cryptocurrencies, those who engage in trading
Ripple’s XRP has gained significant attention and popularity in the cryptocurrency space. However, the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple has impacted its price. Despite the lawsuit, analysts have predicted various future price scenarios for XRP. In this article, we will explore some of the most interesting predictions
During recent weeks, alarming details have emerged surrounding an exploit targeting FTX, a popular cryptocurrency exchange. The exploit resulted in substantial losses, with one particular address connected to the hack, known as 0x3e9, transferring more than 10,000 Ether (ETH) across various addresses. This article delves into the exploit and its consequences, shedding light on the
Hong Kong, the global financial hub and gateway to China, recently experienced a major crypto scandal involving JPEX, a Dubai-based cryptocurrency exchange. JPEX allegedly defrauded thousands of investors of over $160 million, exposing significant regulatory loopholes and a lack of investor protection in Hong Kong’s nascent crypto industry. The case also shed light on the
Ripple’s XRP has long been recognized as one of the leading cryptocurrencies in the market, boasting a loyal community and numerous holders. Despite its established position among the top 10 cryptocurrencies, XRP encountered a significant setback in December 2020. The United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, asserting that XRP
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has garnered significant attention within the crypto community. As the case continues to unfold, John E. Deaton, a US attorney representing thousands of Ripple investors, has expressed his skepticism regarding the SEC’s chances of prevailing. In his view, the agency’s arguments
As the anticipation for the next bull market builds, the Bitcoin price is currently trading at $27,100, which represents a significant decline from its all-time high of $69,000 in 2021. This raises questions about the potential future prices of Bitcoin. While most predictions are speculative, one analyst has developed a model that utilizes historical data
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has confirmed withdrawing $282 million from the bankrupt crypto lender Genesis. In a statement released on September 28, Gemini addressed a New York Post report that alleged the Winklevoss twins had secretly withdrawn over $280 million from the lender. Gemini clarified that the withdrawn funds
In a recent filing on September 22nd, it has been alleged that the co-founders of the now-defunct Terra blockchain project had planned to carry out fraudulent transactions during the development of the project. The Securities and Exchange Commission (SEC) claimed that Terraform Labs, the company behind the Terra blockchain, collaborated with a payments app called
Bitcoin, the flagship cryptocurrency, has been defying the macro gloom to showcase a 3% gain and recapturing the $27,000 mark. However, it is Bitcoin Minetrix ($BTCMTX) that has recently raised $200,000 and could potentially be the biggest winner in the market. Despite the gathering storm clouds in the stock and bond markets, Bitcoin is threatening
The Shiba Inu community has been buzzing with rumors of potential partnerships and collaborations lately. However, Shibarium Discord admin DaVinci, known as X on Twitter, urges caution and emphasizes the need for thorough research. In this article, we explore the significance of relying only on verified sources and conducting due diligence in the Shiba Inu
Despite concerns raised by analysts about the potential for XRP to end on a high note, there are several macro and micro factors that could significantly impact the token’s price. These factors include ongoing legal battles, the possibility of a settlement between Ripple and the US Securities and Exchange Commission (SEC), as well as Ripple’s
Serial entrepreneur Gary Vaynerchuk and his VeeFriends have revealed that the highly anticipated third-annual VeeCon will be held in Los Angeles. Set to take place from Friday, August 9, through Sunday, August 11, 2024, at the iconic L.A. LIVE Entertainment District, VeeCon promises to be a must-attend event for industry leaders and forward-thinking individuals. With
