The recent indictment by the US Department of Justice (DoJ) has sent shockwaves through the media industry. Bill Guan, the chief financial officer of Epoch Times, has been accused of participating in an elaborate international scheme to launder approximately $67 million of illicit funds using cryptocurrency. The allegations reveal a sordid tale of deceit and
Crypto
Bitcoin’s price took a significant hit on Friday, reversing its upward trajectory and dropping by over $3,000 in a matter of hours. This came as a surprise to many, especially considering the ongoing inflows into US-based ETFs. The key question here is: why did this drop occur, given the positive news surrounding cryptocurrency ETFs? One
Recently, XRP has been hovering around the $0.52 mark, but experts have differing opinions on its future trajectory. While some analysts believe that XRP has the potential to rise to $0.70 this summer, others are more cautious and predict a possible drop to $0.27. This conflicting outlook has left investors wondering which direction the digital
Recently, there has been a surge in fraudulent activities within the cryptocurrency space, with the most recent incident involving an early investor in the Solana-based meme coin known as ANDY. This exploitation has not only resulted in financial losses for investors but has also raised concerns about the security and trustworthiness of such projects. The
The creditors of the bankrupt cryptocurrency exchange FTX have recently filed an objection to the proposed reorganization plan put forth by the platform. This objection, submitted in the U.S. Bankruptcy Court for the District of Delaware, raises several critical issues with the plan that they believe do not align with the requirements set forth in
Semler Scientific, a California-based med-tech company, recently made headlines with its decision to purchase an additional 247 BTC for $17 million in cash. This brings the company’s total Bitcoin holdings to 828 BTC, acquired for a total of $57 million. In a bold move, Semler also announced its intention to raise $150 million to further
Kraken, a well-established cryptocurrency exchange in the United States, is reportedly preparing for a significant funding round ahead of a potential initial public offering next year. According to sources familiar with the matter, the exchange is looking to raise $100 million in a pre-IPO round to fuel its expansion efforts. If successful, Kraken would join
Robert Kiyosaki, the well-known financial guru and author of the best-selling book Rich Dad Poor Dad, has recently made a bold prediction regarding the price of Bitcoin. In a tweet, Kiyosaki expressed his confidence that the price of Bitcoin will reach a staggering $350,000 by August 25. While he acknowledged that his prediction may seem
In the ever-evolving world of cryptocurrency, Chainlink (LINK) has once again solidified its position as the top real-world asset in terms of development activity. Santiment recently revealed that LINK is leading the pack, followed closely by Synthetix (SNX), Centrifuge (CFG), and Oraichain (ORAI). Real-world assets, which represent physical assets such as properties and objects, have
The detention of Tigran Gambaryan, a high-ranking executive at Binance, by Nigerian authorities has raised major concerns among a group of U.S. lawmakers. They have called on President Joe Biden to intervene in what they describe as a hostage crisis. Gambaryan has been held for nearly three months, with his health deteriorating during his time
In recent months, there has been a noticeable trend of large bitcoin holders, commonly referred to as “whales”, accumulating more tokens. The latest data reveals that a specific group of whale addresses now collectively own over 40% of the total bitcoin supply. This significant accumulation by whales, particularly those holding over 1,000 BTC, has been
In recent times, meme coins have dominated the cryptocurrency market, attracting the attention of large investors known as whales. One such whale has made headlines by aggressively accumulating Shiba Inu (SHIB) tokens. Over the course of just six hours, this investor spent a staggering 4,849 ETH, equivalent to approximately $18.44 million, to acquire an astonishing
Traders’ positions indicate a moderate level of excitement surrounding the upcoming launch of spot Ethereum ETFs. Despite a relatively uneventful week, K33 research suggests that these funds could potentially follow a similar explosive path to Bitcoin ETFs. The research firm projects that approximately $4 billion could flow into spot Ethereum ETFs within the first five
Binance Coin, the native token of the world’s largest cryptocurrency exchange, has recently seen a surge in its price, reaching a new all-time high above $700. However, this success comes amidst a backdrop of regulatory challenges and legal issues that have plagued the exchange. Binance has been embroiled in a legal battle with Nigerian authorities,
