As the calendar turns towards a new year, the infamous figure known as the “Blockchain Bandit” has resurfaced, orchestrating a colossal transfer of 51,000 ETH—amounting to approximately $172 million—into a consolidated multisig wallet. This shocking move occurred on December 30, following a lengthy period of inactivity. Crypto sleuth ZachXBT provided crucial insights by revealing that
Crypto
In the wake of prolonged conflict and economic instability, Syria finds itself in desperate need of innovative solutions to breathe life into its ailing economy. The Syrian Center for Economic Research (SCER) has put forth an ambitious proposal aimed at legalizing Bitcoin and digitizing the Syrian pound. This transformative approach seeks not only to combat
Artificial Intelligence (AI) and blockchain technology are among the most revolutionary advancements in the digital age, each possessing the potential to redefine industries and alter traditional paradigms. As companies strive to meld these two domains, one standout initiative is ai16z, which is considering the launch of a layer-1 (L1) blockchain to create a comprehensive ecosystem
The evolving landscape of cryptocurrency regulation continues to present challenges for users and investors alike, particularly as the Internal Revenue Service (IRS) seeks to clarify and implement new reporting requirements. In light of these developments, the IRS has introduced a temporary relief measure that is poised to significantly impact how taxpayers approach their crypto transactions,
The cryptocurrency landscape is undergoing a seismic shift as nations and corporations alike reconsider their financial strategies in light of Bitcoin’s potential as a reserve asset. Signals from prominent figures, including corporate leaders and political stalwarts, indicate that the Bitcoin conversation is moving from obscurity into the mainstream. A noteworthy focal point in this evolving
On December 31, 2022, Switzerland witnessed a significant development in the realm of cryptocurrency. The Swiss Federal Chancellery registered an initiative that proposes the Swiss National Bank (SNB) to include Bitcoin in its reserves. Spearheaded by a coalition of ten Bitcoin proponents, including notable figures like Giw Zanganeh—Vice President of Energy and Mining at Tether—and
The Bitcoin market has gained a reputation for its cyclical nature, particularly during the final quarters of halving years when price rallies often occur. Traditionally, this trend has been buoyed by strong investor demand. However, recent movements in Bitcoin’s price suggest that this customary seasonality may be dissipating. Price fluctuations over the past two weeks
Shiba Inu (SHIB) has emerged as a notable player in the cryptocurrency market, particularly within the meme coin arena. One of the most critical factors contributing to SHIB’s price growth—recording a staggering 115% increase over the past year—has been the effective management of its circulating supply. Initially launched with a colossal total supply of one
Ethereum’s journey throughout 2024 has been characterized by subdued performance, with the cryptocurrency only managing a 47% increase year-to-date. Unlike its more volatile counterpart, Bitcoin, which experienced a remarkable surge exceeding 120% to achieve a new all-time high in mid-December, Ethereum has yet to establish a new peak above the $4,000 mark. This disparity raises
In the ever-evolving landscape of cryptocurrency, few assets have stirred as much interest and debate as XRP, Ripple’s native token. Following the recent US presidential elections, XRP has emerged as one of the standout performers in the crypto market. After a relatively subdued start to the year, trading within the range of $0.4 to $0.6,
