Ethereum has faced significant challenges amidst the recent bearish pressures within the overall crypto market. The ETH price has experienced multiple downturns, bringing it back towards the $2,000 mark and dashing hopes for a new all-time high in the near future. Despite this setback, there is optimism in the air as one crypto analyst suggests
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Bitcoin experienced a 2.5% drop on Wednesday to $59,100 following the U.S. government’s transfer of more Silk Road-affiliated Bitcoin holdings to Coinbase Prime. Arkham Intelligence, an on-chain analysis platform, identified the move and highlighted that 10,000 BTC, valued at $593 million, had been transferred. This transfer involved moving the Bitcoin from a known U.S. government
The world of cryptocurrency has seen a disturbing trend in the rise of stolen funds from crypto scams. Data shared by Chainalysis revealed that the amount of stolen funds almost doubled from $857 million to $1.58 billion by late July of this year. This represents a significant 84.4% increase compared to the same period last
During a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats expressed their unwavering support for the crypto industry. Schumer stressed the importance of regulatory clarity as a key factor in shaping the future of the industry. He emphasized the need for bipartisan collaboration in enacting common-sense regulations for crypto, highlighting his
Confiction Labs, the developer behind the popular shooter game Riftstorm, has recently unveiled a groundbreaking system known as Proof of Exposure. This system is specifically designed to tackle the growing issue of bot accounts in Web3 gaming by integrating NFT allowlist verification. The introduction of this system is a direct response to the disruptions caused
Metaplanet recently made a significant investment in bitcoin, purchasing approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. announced securing
The recent settlement of $1.76 million between Binance and the Brazilian securities regulator, Comissão de Valores Mobiliários (CVM), brings an end to a year-long investigation into the exchange’s activities in the country. The crackdown began in July 2020, when the CVM ordered Binance to cease its unauthorized derivatives trading activities in Brazil. Despite warnings and
In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has solidified a historic partnership with the Union of European Football Associations (UEFA) Champions League. The announcement marks a significant milestone as Crypto.com becomes the official global sponsor of the prestigious football competition, establishing itself as the first and exclusive crypto platform partner. On August 14,
Core Scientific, a Bitcoin mining company based in Texas, has recently priced an increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial offering size was $350 million but has been upsized due to favorable market conditions. These notes will be settled on August 19, 2024, and will be issued
Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., accusing it of making misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely stated that the project was on track for an April 2023 launch and was progressing when, in reality, it was not
