The recent price movements of Ethereum have been less than favorable, with the cryptocurrency facing a second rejection at the $4,000 resistance level. The daily chart shows a clear pattern of lower highs and lows since the failed attempt to break above $4,000. Furthermore, the market has broken below the critical 200-day moving average at
Crypto
The German state of Saxony has been actively selling off its Bitcoin reserves that were confiscated from Movie2K, a film piracy website earlier this year. This has been a major move by the government, with over $3 billion worth of BTC being auctioned off. The latest development came on Thursday when Bitcoin wallets connected to
Bitcoin’s price experienced significant fluctuations recently, hitting close to $60,000 but then retracing by over $2,000. This rollercoaster ride in price movement has left traders and investors on edge, unsure of what direction the market will take next. While Bitcoin’s price has been erratic, most altcoins have remained relatively sluggish on a daily scale. However,
Recently, the popular crypto privacy protocol Railgun successfully thwarted Inferno Drainer’s latest effort to launder stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, reported that an attempt to launder over 174 ETH, valued at approximately $533,000, was intercepted by Railgun. As a result, the perpetrators were forced to return the stolen ETH to
Bitcoin, the leading cryptocurrency, made a strong attempt to reach $60,000 but was unable to sustain its momentum. After a brief retracement, the price of Bitcoin has settled just above $58,000. This halt in its upward trajectory comes after a recent surge in price, which saw Bitcoin hit a multi-day peak of $59,500. However, the
The recent movement of nearly $1 million in Ether into the Tornado Cash protocol by wallets associated with the CoinStats exploit highlights the ongoing challenges faced by the cryptocurrency industry. The fact that these wallets were able to transfer such a significant amount of funds into a controversial crypto mixing protocol raises concerns about the
The recent announcement by Binance, the world’s largest cryptocurrency exchange, regarding the suspension of deposits and withdrawals for all networks on July 17, has raised concerns among the trading community. The scheduled wallet maintenance, expected to last approximately one hour, will not affect cryptocurrency trading on the platform. However, the implications of this action on
Canada’s own Drake, a popular musician and actor, has earned a reputation for making significant bets on various sports events. Recently, he placed a bet of $300,000 worth of Bitcoin on Canada defeating Argentina in the Copa America semi-final. However, despite the odds stacked against them, Argentina emerged victorious with a 2-0 win, causing Drake
The Ethereum 2.0 staking landscape has witnessed a remarkable surge in recent times, marking a major milestone with the deposit contract for staking Ethereum on the Beacon Chain soaring to an impressive 47.36 million ETH. This achievement represents a substantial 33.9% of the entire Ethereum supply, highlighting the increasing popularity of staking among cryptocurrency enthusiasts.
Over the past 30 days, Bitcoin has experienced a significant price dip of around 15%, with the most notable correction occurring at the end of last week when BTC dropped below $54,000 for the first time since February. However, in the days following, the cryptocurrency has managed to recover some of its losses and is
In recent developments in the cryptocurrency market, Ethereum (ETH) has emerged as the top trending token, capturing the attention of investors and analysts alike. The surge in interest can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial firms such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton.
The recent plea deal by Paxful’s co-founder and former CTO, Artur Schaback, highlights a serious failure in the company’s implementation of an Anti-Money Laundering (AML) program. According to the US Department of Justice (DOJ), Schaback deliberately neglected to establish, develop, and maintain a compliant AML program as required by the Bank Secrecy Act. This failure
The implementation of Europe’s Markets in Crypto-Assets Regulation (MiCA) on June 30 has caused a significant shift in the stablecoin market. With the demand for compliant stablecoins on the rise, Circle’s USDC has emerged as a primary beneficiary of this trend. According to a report by French blockchain analytics firm Kaiko, non-compliant stablecoins currently make
Bitcoin has been experiencing a downturn in recent days, with prices dropping to the lowest level since February 26. Despite the high volatility, Bitfinex analysts have identified on-chain signs that suggest the leading cryptocurrency may be nearing a potential local bottom. This analysis provides insight into the recent market movements and the outlook for Bitcoin’s