In the realm of cybercrime, there has been a mix of good news and bad news. While overall illicit transactions have seen a decrease from the previous year, there has been a concerning rise in stolen funds from crypto scams and ransomware attacks. The amount of stolen funds from crypto scams has nearly doubled from
Crypto
Metaplanet recently made a bold move by investing approximately $3.3 million in bitcoin, acquiring 57.103 bitcoins at an average price of 8,756,107 yen per bitcoin. This investment is part of the Japanese investment firm’s larger strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now holds a total of 303.095 BTC, which has
In a historic move, Crypto.com, the Singapore-based cryptocurrency exchange, has solidified a groundbreaking partnership with the prestigious Union of European Football Associations (UEFA) Champions League. This partnership marks a significant milestone as Crypto.com becomes the official global sponsor of the UEFA Champions League, setting a new standard in the world of sports sponsorships. This exclusive
Core Scientific, a prominent Bitcoin mining company based in Texas, recently announced an upsized offering of $400 million in convertible senior notes due in 2029. Originally set at $350 million, the increase in offering size was attributed to favorable market conditions. The notes, scheduled to settle on August 19, 2024, will be issued privately to
In the midst of the largest downturn of the market cycle, investor sentiment in the digital asset market remains uncertain. Glassnode’s analysis points towards clear signs of a resurgence in HODLing and accumulation among investors. Despite the volatility in the market, there seems to be a growing inclination towards holding onto assets rather than selling.
Ethereum’s Layer 2 ecosystem has been making waves with a new record for daily transaction volume, reaching an impressive 12.42 million on August 12. This growth highlights the rapid advancements in scalability, potentially driving user engagement to new heights. The surge in daily transactions, reported by Growthepie, shows a 140% increase year-to-date, indicating the growing
Bitcoin’s price has seen a significant increase, climbing nearly $2,000 in just a day after the release of better-than-expected core PPI numbers in the United States. This surge comes on the heels of a positive end to the previous business week, where Bitcoin reached almost $63,000 on Friday. This rebound marked a recovery of over
Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC), where it highlighted significant flaws in the agency’s cost-benefit analysis of the proposed rule. The crypto exchange argued that the SEC has not adequately evaluated the rule’s economic impact on efficiency, competition, and capital formation. Despite recognizing a lack of crucial
The current state of the market has left many new Bitcoin investors feeling the pressure of potential financial losses. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increased selling pressure, and further price declines. One key metric, the Short-Term Holder MVRV ratio, exposes the harsh reality faced by
Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led