The blockchain analysis firm Nansen recently unveiled a rather intriguing discovery – DBS Bank, one of Singapore’s leading banking institutions, has been identified as a cryptocurrency whale. A crypto wallet supposedly owned by DBS Bank holds a staggering 173,753 Ether (ETH), with a current market value of approximately $650 million. Notably, the address in question
Cash
Gemini’s recent announcement of successfully recovering almost all of its customers’ digital assets has sent ripples throughout the cryptocurrency community. This unprecedented recovery by the crypto exchange, established by the Winklevoss twins, has showcased a level of responsibility and commitment that is commendable in the industry. The news broke on Wednesday, with Gemini revealing that
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors
In a landmark ruling on Thursday, the U.S. Supreme Court delivered a unanimous decision against Coinbase Inc. (COIN) in an arbitration dispute related to the cryptocurrency exchange’s 2021 Dogecoin (DOGE) sweepstakes. The 9-0 ruling clarified the need for a court to determine which legal agreement takes precedence when parties are governed by multiple contracts. Justice
In a recent interview, Charles Hoskinson, CEO of IOG, made a bold statement by calling the Bitcoin following a ‘religion’ and deemed it unsustainable. He criticized Bitcoin’s devout following, likening it to a religion, and declared that the crypto industry has outgrown its dependence on Bitcoin. According to him, the industry no longer needs Bitcoin
Citizen Conflict Alpha 5 has introduced a groundbreaking play-to-earn (P2E) campaign, allowing players to earn up to 300,000 QORPO tokens while playing the game. These tokens hold real-world value and can be used to purchase in-game items or even exchanged for cash. This innovative feature adds a new level of excitement and motivation for players
A recent confidential report from the United Nations obtained by Reuters has shed light on the nefarious activities of North Korea’s notorious cybercriminal group, the Lazarus Group. According to the report, the hackers managed to transfer millions of dollars worth of stolen cryptocurrency back to North Korea last year. The cybercriminals targeted HTX, a crypto
Bitcoin had an incredibly positive trading week, seeing an increase of over $6,000 and reaching a peak of over $67,000. This surge brought Bitcoin to its highest price level in almost a month. The bullish trend started after a slight retracement to just above $60,000, which was quickly defended by the bulls over the weekend.
In the ever-evolving world of cryptocurrency markets, the dynamics of supply and demand play a crucial role in determining the price action of digital assets. According to Ali Martinez, a renowned cryptocurrency expert, the fluctuations in the price of Bitcoin can be analyzed through the lens of basic economic theory. It is important to recognize
The Apeiron Guild Wars 2024 is not just an ordinary competition; it is a groundbreaking event that is set to revolutionize the world of gaming. With a massive $1,000,000 USD prize pool up for grabs, consisting of both cash and NFTs, this event is poised to attract the best guilds from all corners of the