Hydra was notorious within the dark web for being a highly sophisticated online drug marketplace, primarily targeting Russian-speaking users. Launched in 2015, it diversified its offerings beyond narcotics to include a range of illegal services such as counterfeit document sales, hacking tools, and even cryptocurrency laundering. These operations gained momentum until they reached an industrial
Crypto
In a recent pivot indicative of the volatile landscape of cryptocurrency, Foundry Digital has announced a substantial 27% reduction in its workforce, translating to 74 employees. This drastic move highlights a broader shift aimed at refining the company’s operational focus. Following internal restructuring at its parent organization, Digital Currency Group (DCG), Foundry’s decision illustrates a
While Bitcoin, the leading cryptocurrency, grapples with the formidable task of breaking the $100,000 barrier, its altcoin counterparts have been making significant strides. Among these is Binance Coin (BNB), which has recently showcased an extraordinary performance, emphasizing the shifting tides within the cryptocurrency market. As Bitcoin remains relatively stagnant, altcoins like BNB are stepping into
Cryptocurrency has established itself as a dynamic and often volatile financial frontier. The recent actions taken by the U.S. government to transfer seized cryptocurrencies have underscored its growing influence and the complex interplay between regulation and the evolving digital asset market. On December 3, a noteworthy transaction involving $33.6 million of cryptocurrency linked to the
The perception surrounding Bitcoin’s long-term holders, commonly referred to as HODLers, often presents a skewed narrative—one that suggests they steadfastly refuse to sell their assets. On-chain analyst James Check has recently pushed back against this misconception, indicating that HODLers do indeed engage in selling activities. This dynamic has significant implications for the broader market, particularly
In the latest week, the cryptocurrency market witnessed an unprecedented outflow of $457 million from Bitcoin (BTC) holdings, signaling a pivotal change in investor behavior. This marked the first notable withdrawal since early September, a period during which Bitcoin had tested the psychologically significant $100,000 threshold. Analysts at CoinShares have attributed this trend to profit-taking
In a recent incident that threw a spotlight on the operational practices of centralized cryptocurrency exchanges, Ethereum developer Eric Connor reported his account lockout while attempting to transfer $25,000 USDC. This event, which unfolded on December 3, raises pressing questions about user autonomy, security protocols, and the nature of customer service these platforms offer. Connor’s
Bitcoin (BTC) is currently navigating a narrow trading range between $94,000 and $96,000, creating a palpable undercurrent of anticipation among investors and analysts alike. Recent data from blockchain analytics platform CryptoQuant reveals that BTC may be on the precipice of a significant price surge. The cryptocurrency market is notoriously volatile, but specific on-chain indicators are
In the ever-evolving landscape of cryptocurrency, the XRP Ledger (XRPL) has recently emerged as an epicenter of excitement, particularly with the popularity of meme tokens. This shift is spurred not only by the renewed vigor of Ripple’s XRP token but also by a burgeoning community eager to explore innovative avenues within this digital ecosystem. With
RTFKT, an avant-garde leader in the realm of non-fungible tokens (NFTs), has officially announced its impending closure, with operations expected to cease by January 2025. The company, known for its innovative digital sneakers and avatars, rose to fame after being acquired by Nike in 2021. Their announcement on December 2 via social media highlighted a
