Recently, the Canadian musician and actor, Drake, found himself on the losing end of a substantial Bitcoin bet after Canada’s defeat by Argentina in the Copa America semi-final. His decision to wager $300,000 worth of Bitcoin on his home country proved to be a costly one, as Argentina emerged victorious with a 2-0 win. This
Crypto
Recent actions taken by Binance, the world’s largest cryptocurrency exchange, have had a significant impact on the prices of certain altcoins. The delisting of several altcoins, including BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS), caused these coins to experience substantial price drops. This pattern is not new, as we have seen similar effects
Wallets associated with the CoinStats exploit were recently found to have transferred a significant amount of Ether, totaling nearly $1 million, into the controversial crypto mixing protocol Tornado Cash. The security breach occurred in June, with two wallets moving 311 ETH to the crypto mixer. This development comes following investigations by CertiK and raises questions
Ethereum 2.0 staking has been gaining traction, with the deposit contract for staking Ethereum on the Beacon Chain reaching an all-time high of 47.36 million ETH. This milestone represents a significant increase from two years ago when the contract held only 10.9% of the Ethereum supply. The fact that it now accounts for 33.9% of
Bitcoin’s recent price dip, attributed to various factors such as Mt. Gox repayments, has caused concern among investors. The cryptocurrency experienced a significant correction, dropping by around 15% in the past 30 days. This decline culminated in BTC falling below $54,000 for the first time since February. Despite this, the asset has shown signs of
The market intelligence platform, Santiment, recently highlighted Ethereum (ETH) as the most trending token in the cryptocurrency sector. This surge in popularity is attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions such as BlackRock, Fidelity, VanEck, and others. According to Santiment, this development could potentially lead to ETH
The recent case involving Paxful’s co-founder and former CTO, Artur Schaback, sheds light on the serious consequences of neglecting Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Schaback pleaded guilty to conspiracy to deliberately fail in establishing, developing, implementing, and maintaining a compliant AML program, as required by the Bank Secrecy Act. This failure
The introduction of the MiCA regulation has sparked a surge in demand for compliant stablecoins, with Circle’s USDC emerging as a key player in this space. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently dominate the market, accounting for 88% of total stablecoin volume. However, with the implementation of MiCA
Bitcoin has experienced a significant drop in price, reaching its lowest level since February 26 and stabilizing around the $57,000 range. This decline in price has been attributed to recent events such as substantial BTC sales by the German law enforcement agency, the Bundeskrimanalamt (BKA), and the creditor redemptions from the defunct crypto exchange Mt
Following a turbulent week for the cryptocurrency market, which was further exacerbated by negative news from Mt. Gox and the German government’s Bitcoin dump, Chainlink (LINK) experienced a brief rally. One of the key factors driving this uptick is the accumulation of over 6.2 million LINK by whales, amounting to approximately $76.88 million at current
