In a fascinating turn of events, a crypto user identified only as Michael recently recovered 43.6 bitcoins that had been lost for over a decade. The story, detailed in a YouTube video, showcases the remarkable efforts of cybersecurity researchers Joe Grand and Bruno, who played a pivotal role in helping Michael regain access to his
Bitcoin has been facing challenges in breaking above the $72,983 resistance level, resulting in a continuous drop in its price. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has caused the cryptocurrency to fall from $71,942 to $66,785, moving below the SMA in both the 1-hour and the 4-hour chart. This
Mastercard has recently introduced its latest innovation, the Mastercard Crypto Credential, aiming to revolutionize peer-to-peer transactions in the blockchain space. This new feature will allow users on various exchanges to send and receive cryptocurrency using simple aliases rather than complex blockchain addresses. By streamlining the process, Mastercard hopes to promote wider adoption of cryptocurrencies and
The latest report by Messari has revealed a substantial increase in network activity on XRP Ledger (XRPL) this year, coinciding with the broader market recovery. Active addresses and transactions on the network have surged by 37% and 113% quarter-over-quarter (QoQ) respectively, underlining a growing interest in XRPL. Despite the surge, the network has proven to
The incident at DMM Bitcoin on May 31st highlighted the vulnerability of Japanese cryptocurrency exchanges to cyber attacks. A staggering $305 million worth of Bitcoin was lost due to the hack, with 4,502.9 bitcoins drained from the platform. DMM Bitcoin confirmed the attack but has not provided specific details about how the breach occurred. In
The recent approval of Ethereum Spot ETFs by the US Securities and Exchange Commission has sparked a flurry of activity among asset managers. Several prospective issuers have filed amended versions of their S-1 forms, with Franklin Templeton leading the pack by revealing a sponsor fee of 0.19% for its Ether spot ETF. Sponsor fees play
In recent times, investor confidence in the cryptocurrency market has been growing, with Bitcoin being a major beneficiary of this positive trend. Despite the somewhat frustrating price action of the premier cryptocurrency, large-scale investors have been accumulating BTC. Although Bitcoin’s price ended May below the $70,000 mark, the latest on-chain data indicates a strong faith
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, taking on the Securities and Exchange Commission’s (SEC) denial of its rulemaking petition. The crux of the matter lies in the SEC’s order, which seemingly dismissed Coinbase’s claim that current SEC rules are unworkable for digital asset firms. In
President Joe Biden’s recent decision to veto H.J. Res. 109, aimed at overturning the SEC’s controversial SAB 121 rule, has sparked mixed reactions among lawmakers and industry stakeholders. Biden cited the rule as representing the views of SEC staff and emphasized the importance of regulatory authority in protecting consumers and investors. Despite President Biden’s veto,
The recent partnership announcement between OKX, a leading cryptocurrency exchange, and Immutable, a blockchain technology company, has sparked excitement within the gaming community. By leveraging Immutable’s zkEVM solution, built on top of Ethereum’s Virtual Machine (EVM), the collaboration aims to enhance the gaming experience for both players and game studios. One of the key benefits
