The recent developments surrounding the hacker responsible for the $235 million theft from the Indian crypto exchange WazirX have raised concerns within the cryptocurrency community. The hacker’s use of sanctioned Tornado Cash to launder around $10 million in Ethereum in the past 24 hours has shed light on the complexity of their operations. By moving
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The summer of 2024 has not been particularly kind to Bitcoin, with the price of the cryptocurrency experiencing significant weakness since June. Flash crashes have become a common occurrence, causing the price of Bitcoin to plummet from over $70,000 to below $50,000 at one point. Crypto analyst Crypto Jelle has drawn parallels between the summer
The Ethereum price has been a topic of concern for many traders and investors in recent months. The current bearish trend that Ethereum finds itself in has left many disappointed, especially after the hype surrounding the launch of Spot Ethereum ETFs. However, taking a closer look at the technical analysis and historical price movements of
Cryptocurrency analyst @XForceGlobal recently shared a video chart analysis focusing on Cardano (ADA), a digital asset that some are referring to as a “dinosaur coin” in the current market landscape. The analysis delves into Cardano’s position within the Elliott Wave cycle, suggesting a potential strong upward trajectory in the near future. XForceGlobal drew comparisons between
The recent conclusion to the legal battle between Ripple and the SEC resulted in a much smaller fine than initially requested. The U.S. District Court Judge made a decision to impose a fine slightly above $125 million, as opposed to the $2 billion fine sought by the SEC. This decision was met with a positive
Recently, Ripple found itself in the midst of a legal battle with the US Securities and Exchange Commission (SEC), culminating in a ruling that the company must pay a $125 million fine for violating certain securities laws. This amount pales in comparison to the initial demand of $2 billion by the SEC, causing many in
The debate between Ethereum and Solana has been reignited by a crypto analyst who recently evaluated the two cryptocurrencies to determine which one was superior. Peter Brandt, a well-known crypto trader and analyst, compared the fundamental characteristics, strengths, and weaknesses of Solana and Ethereum in a recent post on social media. Brandt’s analysis highlighted Ethereum’s
The cryptocurrency market recently experienced a significant dip, with the total market capitalization falling below $2 trillion and wiping out $500 billion within a week. Bitcoin dropped below $50,000, and Ethereum saw a 23% decline in just one day, falling below $2,200. However, despite this sharp decline, the total market cap has since rebounded by
Jan van Eck, the CEO of VanEck, has made headlines with his bold prediction that Bitcoin could skyrocket to an astounding $350,000. This optimistic outlook is based on the comparison of Bitcoin’s adoption rate to that of gold. Van Eck, a key player in the world of Spot Bitcoin ETFs, believes that the cryptocurrency market
Solana has seen significant growth in its decentralized exchange (DEX) volume, surpassing Ethereum in July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking its second-highest monthly volume to date. This surge can be attributed to platforms like Raydium, Orca, and Phoenix, which have contributed to the network’s success. Despite Solana’s impressive volume