The crypto market is constantly influenced by a variety of factors, including news, trends, and community discussions. One of the significant narratives that have shaped the market this year is the focus on crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have a substantial influence on crypto prices, which has
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Recently, the Indian crypto exchange WazirX fell victim to a cyber hack that resulted in the theft of over $235 million. The hacker responsible for this malicious act has taken advantage of sanctioned tools like Tornado Cash to move around $10 million worth of Ethereum in the past 24 hours. This transfer of assets has
The summer of 2024 has seen a continuation of the historical trend of bearish behavior for the Bitcoin price. Since June, Bitcoin has experienced significant weakness, experiencing multiple flash crashes that have driven the price from over $70,000 down to below $50,000 at one point. Analyst Predictions for Recovery Despite the current downtrend, there is
Samuel Edyme, famously known as HIM-buktu, is a multifaceted individual in the realm of web3 content writing, journalism, and trading. His entrance into the crypto universe was not that of a triumphant investor, but rather a victim of a Ponzi scheme that utilized cryptocurrency as payment. Instead of backing down, Edyme used this experience to
Recently, Robinhood’s crypto division agreed to pay a $3.9 million fine, settling a California investigation into its past practices. The investigation revealed that Robinhood Crypto prevented users from withdrawing their digital assets from 2018 to 2022. Additionally, the company failed to fully disclose details about its trading and order-handling processes. The investigation also found that
In a surprising turn of events, the Future Forward USA PAC, which is in support of Vice President Kamala Harris’ presidential campaign, has announced that it will now be accepting cryptocurrency donations through Coinbase Commerce. This development comes after initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024
X Empire, previously known as Musk Empire Game, is a tap-to-earn crypto game on Telegram that combines virtual mining with the world of cryptocurrency. This unique gaming experience is not just about entertainment, but also about the potential to earn real rewards. With an upcoming airdrop on the horizon, players of X Empire are eagerly
Ripple recently announced a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the 58th global partnership for Ripple, with a focus on blockchain research and technology. Yonsei University will specifically focus on areas like artificial intelligence, finance, information systems, and management, highlighting the
WazirX has recently initiated the second phase of its fiat currency withdrawal process earlier than anticipated, on September 3. This acceleration in the withdrawal process was unexpected, as it was initially scheduled to commence on September 9. CEO Nishal Shetty took to social media to share this update with users. He emphasized the ongoing efforts
The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC over a private fund that primarily invested in cryptocurrency. The SEC alleges that Galois Capital failed to comply with client asset safeguarding requirements, particularly with crypto assets labeled as securities. As a result, Galois Capital agreed to