In a recent court hearing, Judge Katherine Polk Failla expressed doubt regarding Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing legal dispute between the cryptocurrency exchange and the Securities and Exchange Commission. The hearing shed light on Coinbase’s persistent attempts to acquire Gensler’s communications, including statements made before he assumed the role
Crypto
The German state of Saxony is facing a rapid depletion of its Bitcoin reserves, with recent reports indicating that a significant amount of Bitcoin has been offloaded to various crypto exchanges. This comes after the government seized Bitcoin from the film piracy website Movie2K earlier this year and began auctioning off around $3 billion worth
Bitcoin’s price saw significant fluctuations recently, hitting close to $60,000 after the release of CPI numbers, only to plummet by over $2,000 shortly after. This rollercoaster ride has left investors on edge as the primary cryptocurrency struggles to maintain its momentum. With dramatic swings in price from multi-month lows to temporary peaks, Bitcoin’s volatility remains
Railgun, a popular crypto privacy protocol, has recently made headlines for thwarting an attempt by Inferno Drainer to launder stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, reported that Railgun intercepted an attempt to launder over 174 ETH, valued at around $533,000 at the time. As a result, the stolen funds were sent
Bitcoin, the leading cryptocurrency in the market, recently experienced a setback in its upward trajectory as its price surge towards $60,000 was halted. The digital asset has now retraced back to just over $58,000 after a minor pullback in the past 24 hours. In the midst of Bitcoin’s price fluctuation, some altcoins have emerged as
Binance, the world’s largest cryptocurrency exchange, recently announced that it will be suspending deposits and withdrawals for all networks on July 17 for approximately one hour. This scheduled wallet maintenance is necessary for ensuring the stability of the network. It is important to note that trading services will remain unaffected during this brief period. The
Recently, Canadian musician and actor Drake, known for his love of sports betting, made a hefty wager of $300,000 worth of Bitcoin on Canada to beat Argentina in the Copa America semi-final. Despite being the underdog with odds of 9.60, Canada failed to clinch the victory, resulting in Drake losing a substantial amount of money.
Recently, wallets connected to the CoinStats exploit were found to have moved nearly $1 million in Ether into the crypto mixing protocol Tornado Cash. This comes as a concerning development, especially given the security breach reported by CoinStats in June which affected a significant number of users. Two wallets linked to the CoinStats exploit transferred
The world of Ethereum 2.0 staking has been abuzz with excitement as it recently hit a major milestone. The deposit contract for staking Ethereum on the Beacon Chain has soared to an all-time high of 47.36 million ETH this week. This figure represents a whopping 33.9% of the entire supply of Ethereum, showcasing the growing
In the past month, Bitcoin has experienced a significant price dip of around 15%, causing it to drop below $54,000 for the first time since February. However, the asset has since recovered some of its losses and is currently trading at approximately $58,800. Despite this correction, many analysts and industry participants remain optimistic about the
