In a notable development within the cryptocurrency landscape, the U.S. government orchestrated significant transfers of seized digital assets from the FTX and Alameda Research collapse on December 3. The movement of approximately $33.6 million in cryptocurrencies, primarily comprising tokens like Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB), raised eyebrows within
Crypto
As Bitcoin hovers near the $100,000 milestone yet fails to break through, the cryptocurrency landscape is witnessing a remarkable shift in focus. Numerous altcoins are stepping into the limelight, with Binance Coin (BNB) making a particularly impressive claim to fame. This surge repositions the market’s dynamics, drawing attention away from Bitcoin’s stagnation and igniting a
In a groundbreaking ruling, a Russian court has dealt a severe blow to the dark web drug trade by sentencing Stanislav Moiseev, the alleged leader of the notorious Hydra marketplace, to life imprisonment. Along with this lengthy sentence, Moiseev faces a hefty fine of four million rubles (around $37,500). This unprecedented verdict is not merely
RTFKT, the visionary company known for its innovative non-fungible token (NFT) sneakers and digital avatars, has announced its impending closure, a move that symbolizes the shifting tides in the NFT landscape. The company’s recent announcement on December 2, 2023, on social media platform X, indicated that they will wind down operations by January 2025. This
As Bitcoin (BTC) hovers between $94,000 and $96,000, the cryptocurrency world is abuzz with speculation regarding a potential breakout. Exciting data from blockchain analytics platform CryptoQuant suggests that Bitcoin may not be stationary for long. With significant indicators appearing, many believe that an uptick could occur within the next month or so, positioning the asset
The cryptocurrency landscape is ever-changing, and one of the most compelling developments in recent weeks has been the phenomenon surrounding meme tokens on Ripple’s XRP Ledger (XRPL). As interest in digital currencies continues to intensify, particularly with Ripple’s XRP token witnessing a significant resurgence, various meme tokens have begun capturing the attention of both seasoned
Bitcoin, often viewed through the lens of staunch commitment from its holders, has recently encountered a paradigm shift in perception. On-chain analyst James Check pointed out on December 3 that a prevalent belief – that HODLers (those who hold onto their Bitcoin) never sell – is inaccurate. In reality, many long-term holders are selling, complicating
In recent times, the decentralized finance (DeFi) movement has sparked a revolution in how individuals perceive and interact with financial systems. However, the experience of Ethereum developer Eric Connor, who reported an issue with his Coinbase account, highlights the shortcomings and frustrations that still pervade centralized exchanges. His story serves as a reminder of the
The cryptocurrency market displayed a noteworthy shift last week, with Bitcoin experiencing substantial outflows totaling $457 million. This marks the most significant withdrawals seen since the early days of September, indicating a potential turning point for the digital currency. Analysts from CoinShares view this movement as a clear signal of profit-taking amongst investors after Bitcoin’s
XRP has witnessed a remarkable surge recently, reaching heights not seen in nearly seven years. Surpassing the critical $2 resistance level, it has surged past $2.5 for the first time since January 2018, marking a striking increase of over 100% within just one week. This dramatic upward momentum points to a strong bullish sentiment among