Blockchain surveillance experts at Elliptic have challenged the claims made by the Wall Street Journal (WSJ) and subsequently cited by the U.S. Congress, regarding Hamas raising tens of millions of dollars through cryptocurrencies. In a recent blog post, Elliptic dissected the assertions made by the WSJ, stating that there is insufficient evidence to support the
Crypto
In the past 24 hours, two substantial XRP transactions have taken place, totaling nearly 500 million XRP. The first transaction involved the transfer of 412,334,412 XRP tokens, valued at approximately $213 million. In the second transaction, 26,500,000 XRP tokens, equivalent to $13 million, were moved. These transfers occurred sequentially, with the second one attributed to
Bitcoin has experienced significant growth in value this year, nearly doubling since the start of 2023. However, it is the publicly-traded Bitcoin mining firms that have proven to be the more profitable investment option. These mining companies have seen their share prices soar by over 100% since January 1, benefiting from the rising value of
Meitu, the Hong Kong-listed company known for its ventures into cryptocurrencies, has recently announced a significant strategic shift. Instead of focusing on digital assets like Bitcoin and Ethereum, the company has redirected its attention to its artificial intelligence (AI) business. This decision comes after Meitu made headlines in 2021 for investing around $100 million in
The debate surrounding the approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC) has been a highly talked-about topic in the cryptocurrency community. The anticipation and speculation around this approval increased even further due to a recent false report claiming that the SEC had approved a spot Bitcoin ETF.
As the price of Bitcoin gradually approaches the 100-day and 200-day moving averages, there is a sense of hope and optimism in the market. Breaking above these key indicators has instilled a bullish sentiment among investors. Currently, Bitcoin is eyeing the pivotal resistance level of $30K, which holds significant importance for the cryptocurrency. Upon examining
The once-promising platform, Superdao, which aimed to revolutionize decentralized autonomous organizations (DAOs), recently announced its decision to shut down operations. This unexpected move was attributed to unprofitable returns and the overall contraction of the cryptocurrency industry. As the company prepares to refund its investors, it serves as a stark reminder of the challenges and volatility
Jimmy Song, a well-known figure in the Bitcoin community, recently shared his perspective on the long-awaited Bitcoin Exchange-Traded Fund (ETF). While some individuals, like Edward Snowden, remain skeptical about the potential approval of a Bitcoin ETF, others believe that it could legitimize the cryptocurrency for institutional investors. Jimmy Song, however, takes a different stance. He
False reports can have a significant impact on the cryptocurrency market, causing prices to surge or plummet within minutes. Recent events involving the US Securities and Exchange Commission (SEC), Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) illustrate the volatility and vulnerability of the market to such reports. On October 16, various reports circulated suggesting
The lengthy legal dispute between Ripple and the US Securities and Exchange Commission (SEC) has captured the attention of the cryptocurrency community for nearly four years. The saga began in December 2020 when the SEC filed a lawsuit against Ripple, alleging that the company sold billions of its XRP tokens without registering them as securities.
In a move to transform the remittance landscape in the Philippines, stablecoin issuer Circle has teamed up with digital asset provider Coins.ph. This strategic partnership aims to revolutionize international money transfers by promoting the use of USDC-denominated remittances among Coins.ph’s extensive user base of 18 million Filipinos. With remittances amounting to a staggering $36.1 billion
The world of cryptocurrencies is constantly evolving, and recent on-chain data has brought to light a startling revelation. Conor Grogan, a director at Coinbase, has unveiled that Alameda Research, a prominent crypto investment firm, has minted a staggering 39.55 billion USDT tokens. This figure accounts for a remarkable 47% of the total circulating supply of
A former CEO of an investment firm has recently confessed to participating in a deceptive trading practice known as “cherry-picking.” This scheme involved manipulating the allocation of profitable and unprofitable trades to benefit the CEO’s personal accounts while causing losses to investors. The founder and previous CEO of Systematic Alpha Management LLC (SAM), Peter Kambolin,
The Shiba Inu community has recently been targeted by fraudulent emails circulating in the space. Shibarmy Scam Alerts, a Twitter account dedicated to protecting against fraud and bad actors, has issued a warning to the community, urging them to refrain from opening these deceptive messages. The team behind Shibarmy Scam Alerts emphasized the importance of