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Whales transfer over 52M XRP to exchanges amid price recovery
20.6.2024
XRP is showing signs of price recovery by hovering within a defined range. This is a good signal, as the token aims for a higher milestone and the XRP lawsuit nears its settlement. In this scenario, two transactions stand out. Their collective transfer to centralized exchanges amounts to more than...
Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees
19.6.2024
Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White...
Kraken Says Hackers Turned to 'Extortion' After Exploiting Bug for $3M
19.6.2024
The bug found by a "security researcher" led to $3 million stolen from Kraken's treasuries
German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges
19.6.2024
Arkham has identified the entity as an address belonging to the German Federal Criminal Police Office, which had seized almost 50,000 BTC from a piracy site
Brazil’s tax dept to summon info from foreign crypto exchanges: Report
19.6.2024
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
18.6.2024
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user...
BTC price risks $62K dip as Bitcoin sellers return to exchanges
17.6.2024
Bitcoin exchange inflows increase with little relief in sight for those eyeing a BTC price renaissance
Corporate adoption is in ‘amateur league’ despite Bitcoin ETFs
17.6.2024
Corporations could pave the way towards more mainstream crypto industry trust, according to the co-founder of Trust Square
South Korean crypto exchanges may deregister up to 600 altcoins
17.6.2024
South Korea based crypto exchanges are contemplating the deregistration of hordes of altcoins, with financial bodies clamping down on the altcoin space. As per the news reports put forth by Daehan Kyungjae, the newly introduced Virtual Asset User Protection Act will be duly implemented soon....
Nigeria Drops Tax Evasion Charges Against Binance Executives
15.6.2024
Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s...
Foreign crypto exchanges eye India for business opportunities
14.6.2024
Following the re-entry of Binance and Kucoin on Indian soil, four more foreign exchanges are viewing the country as a lucrative place to run their operations. They have put out feelers and making the right sounds. In the case of Binance and Kucoin, they received consent from the financial...
Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days
14.6.2024
According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $7.05...
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
12.6.2024
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within...
Bitcoin braces for CPI, FOMC as exchanges shed $1.2B of BTC in a day
12.6.2024
BTC price action may not inspire hodlers into a new U.S. macro data deluge, but behind the scenes, appetite for Bitcoin is alive and well
Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users
11.6.2024
Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase bitcoin (BTC) and ether (ETH), a feature previously available...
Crypto Exchange Lykke Confirms Platform Breach; Reports Theft of Assets Valued at $22 Million
11.6.2024
The cryptocurrency exchange Lykke confirmed on June 10 that it fell victim to a breach, resulting in a hacker stealing digital assets valued at $22 million. Lykke stated that it had shut down the affected systems to contain the damage and assured users that their funds remained secure. Lykke Faces...
Coinmetrics: Meme Coins Reshape Crypto Landscape Despite Centralized Token Holdings
11.6.2024
The meme coin sector has exploded to a staggering $60 billion market capitalization, reshaping the digital asset landscape and outperforming traditional crypto assets. Researchers Tanay Ved and Matías Andrade from Coinmetrics provide insights into the implications of this trend on networks...
Crypto.com gains approval from Ireland’s central bank
11.6.2024
The Central Bank of Ireland approved 15 different VASPs as of June 7, 2024, including Crypto.com, Coinbase, Gemini, Ripple and others
PancakeSwap integrates Zyfi for gas-free DeFi trading
11.6.2024
The simplified trading experience could help PancakeSwap attract a larger market share from centralized exchanges
FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
9.6.2024
According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to...