In a recent hearing, Judge Katherine Polk Failla raised doubts about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing legal case against the cryptocurrency exchange. Despite Coinbase’s insistence on acquiring Gensler’s communications, including statements made before he assumed his role as SEC Chair, Judge Failla expressed skepticism. She pointed out that Coinbase
Crypto
Germany’s on-chain Bitcoin wallet balance has officially reached zero, indicating that the sell pressure from the European economic powerhouse is likely coming to an end. This news comes after weeks of a bearish narrative hanging over the crypto market, with on-chain indicators now suggesting that a local bottom is near. According to Arkham Intelligence, the
Ethereum’s price has experienced a significant drop recently, particularly after facing resistance at the $4,000 level for the second time. Looking at the daily chart, it is clear that the price has been forming lower highs and lows ever since failing to break through the $4,000 resistance. Additionally, the market has broken below the 200-day
Bitcoin’s price has been on a rollercoaster ride recently, with significant fluctuations in a short period of time. Just yesterday, the price surged near $60,000 after the release of CPI numbers, only to lose momentum and retrace by over $2,000. This extreme volatility has been a common theme for Bitcoin in recent days. Market Reaction
The German state of Saxony has been rapidly selling off its Bitcoin reserves, following the seizure of assets from Movie2K, a film piracy website earlier this year. This recent sell-off saw 10,567 BTC (approximately $600 million) being transferred to various entities, including Bitstamp, Coinbase, Kraken, Flow Traders, and Cumberland DRW. These transactions occurred in multiple
In a recent development, popular crypto privacy protocol Railgun successfully prevented Inferno Drainer’s latest attempt to launder stolen funds. The attempt, which involved over 174 ETH, worth approximately $533,000, was intercepted by Railgun, forcing the perpetrators to return the stolen ETH to the original wallet’s address. This significant intervention highlights Railgun’s effectiveness in combating fraudulent
Bitcoin’s price surge towards $60,000 was abruptly halted as the digital asset retraced back to just over $58,000. This sudden drop came after Stacks emerged as the top performer among larger-cap altcoins, skyrocketing by 14%. In a similar fashion, LDO followed suit with a 7% increase in just one day. Less than a week ago,
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
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
