Australian computer scientist, Craig Wright, who claimed to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is facing potential criminal charges for perjury and forgery of documents. A recent ruling in the COPA vs. Wright case revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for consideration. The judge
Crypto
The decentralized finance (DeFi) platform LI.FI protocol has recently fallen victim to an exploit resulting in the theft of over $8 million. The breach was first detected by Cyvers Alerts, who noticed suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI issued a statement on July 16, cautioning users to refrain from interacting with any
The US spot Bitcoin ETFs have been experiencing a significant uptrend, with a daily net inflow of $301 million recorded on July 15th. This marks the seventh consecutive day of positive inflows, signaling a strong interest in Bitcoin ETFs among investors. The top spot Bitcoin ETF, BlackRock’s IBIT, led the way with net inflows of
Bitcoin has once again surpassed the $63,000 mark this week, demonstrating its continued bullish momentum in the crypto market. However, the recent activation of a dormant Bitcoin address containing 1,000 BTC worth approximately $60 million has caught the attention of many investors. This particular wallet, which had been inactive for over a decade, initially received
In recent days, the cryptocurrency market has experienced a significant surge, adding a whopping $200 billion to its overall valuation. The two leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have seen notable price increases, with BTC surpassing the $63,000 mark and ETH reclaiming the $3,300 level. Additionally, meme coins such as Dogecoin (DOGE) and Shiba
In the rapidly evolving world of cryptocurrency and decentralized finance (DeFi), one platform has been making waves recently. Scroll, a ZK rollup Layer 2 network, has seen a significant surge in its Total Value Locked (TVL) over the past week, reaching an impressive $1.03 billion according to L2Beat data. This marks a 23% increase and
During the past week, digital asset investment products experienced record-breaking inflows amounting to $1.44 billion, contributing to the year-to-date inflows of $17.8 billion. This surge in investment activity shattered the previous record set three years ago. Despite the strong inflows, trading volumes remained relatively low at $8.9 billion for the week, falling short of the
Bitcoin has recently surged back to the $63,000 level, marking a two-week high that has caught the attention of analysts. The move has been attributed to “U.S. whales,” with institutional Bitcoin purchases on the rise again. A key indicator that analysts have looked at is the Coinbase premium gap, which has shifted from a selling
XRP, the cryptocurrency created by Ripple, has seen a significant price increase recently, outperforming major digital assets in the market. With a 27% price jump in just a week, XRP has caught the attention of many investors and analysts. The cryptocurrency market as a whole has been on a rally, with a total market capitalization
In a bold move, Metaplanet, an investment firm based in Japan, recently made a significant Bitcoin purchase worth 42.4 Bitcoin for ¥400 million ($2.4 million) to add to its holdings. This decision comes at a time when Bitcoin is trading at $57,652, down 8% over the last week, and struggling to reclaim the $60,000 mark.
The upcoming United States elections set for November hold the potential to be a crucial juncture for the American crypto industry. This is primarily due to the contrasting perspectives of candidates on digital assets. According to the popular crypto exchange, Coinbase, the support from crypto voters could play a pivotal role in determining the outcomes
The 2024 presidential election has seen a significant shift in voter attitudes towards cryptocurrency, particularly among Republicans. A poll funded by Paradigm, a crypto-focused investment firm, revealed that Donald Trump’s endorsement of the industry has influenced many Republican voters. Initially, 13% of Republicans who were undecided about supporting Trump have expressed more enthusiasm after he
The current state of Bitcoin (BTC) is hanging on a crucial edge that could determine whether its price will stabilize or continue to plummet. Various indicators provide conflicting signals about the future direction of the leading cryptocurrency. While some metrics suggest that BTC has reached the bottom of its recent correction, others point to the
In recent news, it was reported that cryptocurrency tokens linked to the former US President, who survived an assassination attempt, experienced significant growth. Following the incident, where the former President was shot at, reports have confirmed that he has been discharged from the hospital and returned to New Jersey. The cryptocurrency community has seen its