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
Ethereum has been facing significant challenges due to the bearish pressure in the crypto market, leading to multiple crashes that pushed the price back towards $2,000. Despite this, a crypto analyst named RLinda has provided a promising analysis on TradingView, suggesting that Ethereum could be gearing up for another rally towards its previous highs. The
As uncertainties loom over the macro side, Bitcoin continues to trade sideways, leaving investors undecided about their next move. Crypto analyst Michael van de Poppe has raised concerns about Bitcoin potentially dropping to as low as $48,000. He emphasized that if the Consumer Price Index (CPI) inflation data turns out poorly, Bitcoin could break below
The landscape of Bitcoin holders has shifted significantly in recent years, with institutions emerging as the dominant players in the market. Gone are the days when private individuals held the majority of Bitcoin. Today, the list of top Bitcoin wallets is primarily populated by governments and major companies, with only the enigmatic Satoshi Nakamoto retaining
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.
Last night, Senator Chuck Schumer, alongside other prominent Democrats, voiced their support for crypto at a Crypto4Harris event. Schumer stressed the importance of regulatory clarity and bipartisan collaboration in shaping the future of the industry. He highlighted the need for common-sense regulations and expressed his goal of passing comprehensive crypto legislation by the end of
Following a devastating $235 million hack, Indian crypto exchange WazirX has taken steps to improve the security of its remaining assets. One of the key changes involves ending its asset custody arrangement with Liminal. In an official statement released on Aug. 14, WazirX announced that it was in the process of moving its assets from
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
Proof of Exposure, a system developed by Confiction Labs, is a significant advancement in the ongoing battle against Web3 gaming bots. The system incorporates NFT allowlist verification to ensure that only genuine users are granted access to mint the NFT collection, XPSR-24, within the FICT ONE: Occultical universe. With the prevalence of automated bot accounts
