The recent surge in Ethereum purchases attributed to a wallet potentially connected to Justin Sun, the founder of TRON and CEO of BitTorrent, has stirred up a frenzy of speculation within the cryptocurrency community. With a total of 168,369 ETH, valued at around $487 million, acquired in just a span of two weeks, the scale
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The Saudi Ministry of Culture, in partnership with droppGroup and Oracle, has introduced the ‘Cultural Universe,’ a national Metaverse initiative focused on exploring and celebrating Saudi culture and heritage. This groundbreaking project combines cutting-edge technologies to provide users with a digital experience unlike any other. The Cultural Universe platform offers a range of attractions and
The outflows from Grayscale’s Bitcoin Trust (GBTC) appear to be slowing down, indicating a shift in investor sentiment. This trend is reflected in the trading activity of Bitcoin ETFs, with the entire ETF cohort attracting significant trading volumes and rapid growth in assets under management. Although there was initial anxiety surrounding Grayscale’s Spot ETF, it
The recent meteoric rise of FOMO coin, with an incredible +80,114% price explosion, has captured the attention of the cryptocurrency community. This pump-and-dump scenario saw the price of FOMO coin surge to $1.19, only to crash by -74% in a matter of hours. The suspension of the project’s X account triggered panic selling among investors,
The Hong Kong-based crypto exchange BitForex has recently faced a sudden and unexpected shutdown, leaving users with their funds stuck on the platform. The suspension of both the website and trading application on Feb 23 has caused a stir in the crypto community, with concerns rising about the exchange’s credibility. Questionable Trading Volumes BitForex boasted
The price of Ethereum (ETH) has seen a significant spike recently, surpassing $3,100 and reaching a nearly two-year high. This surge in price comes at a time when many other leading cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and Cardano (ADA) have shown little volatility or even minor losses in the past 24 hours. One
The realm of cryptocurrency has been plagued by scams and thefts, resulting in substantial financial losses for many individuals. However, amidst this turmoil, on-chain researcher ZachXBT has emerged as a beacon of hope for victims of digital asset theft. His recent success in recovering stolen funds from a non-fungible token (NFT) sale has captured the
Bitcoin has experienced significant price growth over the past few months, driven primarily by the anticipation and approval of multiple spot Bitcoin ETFs in the United States. However, despite this surge, retail investors have not yet entered the market in large numbers. This begs the question of whether their arrival could lead to another price
In a recent development, a U.S. federal judge has given the green light to Binance’s guilty plea and a hefty $4.3 billion settlement deal for violations related to anti-money laundering (AML) and sanctions laws through its cryptocurrency exchange. This decision comes after extensive investigations and allegations against the exchange and its founder, CZ. The U.S.
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a contentious issue in the cryptocurrency industry since December 2020. The SEC accused Ripple of conducting an unauthorized securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand, maintains that XRP
Ethereum’s price surge in the early months of 2024 has been a sight to behold, with gains of over 30% in just under two months. One of the key indicators of growing investor confidence in the market has been the significant movement of Ethereum tokens out of exchanges. According to CryptoQuant’s Exchange Reserve metric, more
The cryptocurrency market has been buzzing with the upcoming launch of Mollars (MOLLARS), a new token set to enter the scene on May 1st. With its presale already gaining traction on the Ethereum Blockchain, Mollars is positioning itself as a reliable store of value (SoV) with promising opportunities for compound growth post-ICO. The project has
Matrixport, a crypto financial services platform, has once again made a bullish prediction for the Bitcoin price. This time, they forecast that Bitcoin will surge to $63,000. This projection is notably higher than their previous prediction of $50,000 by the end of January, which did not materialize as expected. The ambitious target of $63,000 is
The Energy Information Administration (EIA) recently faced backlash from members of the crypto mining sector, leading to the suspension of a survey aimed at collecting data from crypto mining firms. The lawsuit, launched by Riot Platforms and the Texas Blockchain Council, raised concerns about the EIA’s data collection practices, prompting the agency to halt enforcement