The cryptocurrency market faced a 2.5% decline in Bitcoin’s value on Wednesday, dropping to $59,100. This downfall was attributed to the U.S. government’s decision to transfer more of its Silk Road-affiliated Bitcoin holdings to Coinbase Prime. The move was detected by the on-chain analysis platform Arkham Intelligence, which highlighted the transfer of 10,000 BTC worth
Crypto
Sahil Arora, an Indian entrepreneur based in Dubai, has made headlines for his association with high-profile celebrity-backed meme coins. His journey in the digital asset world began in 2017 with the launch of Vuzelaa Group in India, which aimed to install Bitcoin ATMs globally. While his early projects like ZelaaPayAE and ZelaaNFT did not succeed,
The world of cybersecurity is constantly evolving, with new threats emerging each year. One of the most significant trends in 2024 is the notable rise in stolen funds and ransomware attacks. According to recent reports, the amount of stolen funds in crypto scams has almost doubled from $857 million to $1.58 billion by late July.
Metaplanet has recently made a significant investment in bitcoin, purchasing approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. It is clear that the company
Core Scientific, a Bitcoin mining company based in Texas, has recently announced an increase in its offering to $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
In a groundbreaking move, the cryptocurrency exchange based in Singapore, Crypto.com, has announced a landmark partnership with the Union of European Football Associations (UEFA) Champions League. This partnership is unlike any other, as Crypto.com will be the official global sponsor of the UEFA Champions League, making it the first and exclusive crypto platform partner for
In the midst of the largest downturn in the current market cycle, investor sentiment within the digital asset market remains uncertain. The fluctuating prices and volatile conditions have left many wondering about the future direction of the market. Despite the overall uncertainty, Glassnode’s analysis reveals a shift towards HODLing and accumulation among investors. Following a
Bitcoin’s price has seen a significant increase in just a day, climbing nearly two thousand dollars, all thanks to the better-than-expected core PPI numbers in the United States. This surge in price has also impacted several altcoins, with TON experiencing a remarkable jump to over $6.7. Bitcoin, the leading cryptocurrency, ended the previous business week
Ethereum’s Layer 2 ecosystem has been seeing a surge in activity recently, with daily transaction volumes hitting new highs. According to data compiled by Growthepie, the daily transactions across these networks reached 12.42 million on August 12, signaling a new peak. This increase in transaction volume highlights the rapid advancements in scalability and points towards
Coinbase, a prominent cryptocurrency exchange, recently submitted a comment letter to the US Securities and Exchange Commission (SEC) highlighting significant flaws in the agency’s cost-benefit analysis of a proposed rule. The letter, written by Coinbase’s chief legal officer, Paul Grewal, criticized the SEC for failing to assess the rule’s economic impact on efficiency, competition, and
