Bitrace, a data analysis company, has taken proactive steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. The company recently conducted training sessions for members of the Hong Kong Police Force, specifically targeting the Cyber Security and Technology Crime Bureau (CSTCB) and Commercial Crime Bureau (CCB). These sessions focused on on-chain fund
Crypto
Recently, Ripple’s XRP faced a significant drop of 20% in its value following a market downturn. As reported, the global market capitalization for cryptocurrencies took a hit, plummeting to approximately $2.4 trillion on April 14. This unfavorable trend resulted in numerous liquidations, mostly affecting long traders. XRP, in particular, suffered a notable decline to around
In a surprising turn of events, venture capital funding for Bitcoin startups saw a significant increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, while the number of funded Bitcoin companies grew by
Bitcoin Layer 2 solutions have been praised for their ability to enhance scalability and transaction efficiency by moving transactions off the main blockchain. However, not everyone is on board with this concept. Mononaut, the founder of Mempool, has raised several concerns about the current implementations of Layer 2 solutions. He argues that if a Layer
The cryptocurrency market experienced a significant downturn recently, with Bitcoin’s price plummeting by over five thousand dollars in just one evening. This drop pushed Bitcoin to a multi-week low of around $61,000, catching many investors off guard. While Bitcoin’s price was hovering above $70,000 just a couple of days ago, it quickly lost momentum after
EigenLayer made a significant announcement on April 9th, revealing the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This move has contributed to over 4.1 million ETH being restaked on EigenLayer, with a notable 70% of new Ethereum validators choosing to restake on the platform. This demonstrates the growing popularity and
The recent weekend saw a significant shift in the crypto market, with Bitcoin and altcoins experiencing a sharp decline in prices. The sudden drop in value was attributed to various factors, including announcements by US Federal Reserve officials and reports of escalating tensions between Israel and Iran. This unexpected turn of events caught many investors
The cryptocurrency industry has been buzzing with speculation about the future value of Bitcoin post-halving. While some industry experts project a bullish outlook with Bitcoin’s market cap potentially reaching $3 trillion, others like Fred Thiel, CEO of Marathon Digital, remain skeptical. Thiel believes that the recent rally influenced by the halving event has already been
The cryptocurrency market faced a significant correction on April 12, leading to a drop in the prices of various digital assets. Shiba Inu (SHIB) was not exempt from this trend, experiencing a 6% decline over the past week and a 20% decrease in a month. Despite this negative performance, many analysts remain optimistic about the
American author and financial educator Robert Kiyosaki recently expressed his support for a bold prediction made by Cathie Wood’s asset management firm Ark Invest. Wood predicted that Bitcoin (BTC) could reach a value of $2.3 million, a figure that Kiyosaki finds plausible. He trusts Wood’s judgment, acknowledges her intelligence, and recognizes the potential for BTC
The U.S. Securities and Exchange Commission (SEC) has set its sights on Uniswap Labs, a prominent player in the decentralized finance (DeFi) space. The agency recently issued a Wells Notice against the company, which is responsible for running the largest decentralized exchange (DEX) in the world. Uniswap Labs acknowledged the SEC’s actions in a press
Binance, the leading cryptocurrency exchange, is continuously adapting its platform to reflect current market trends and improve user experiences. One of the recent updates includes the addition of 18 new cryptocurrencies to its loan program, catering to both meme coins and established altcoins. Furthermore, new tokens have been introduced to its VIP Loan section, further
Ethereum has been experiencing a period of sideways consolidation after a decline towards the critical support level of $3K. The cryptocurrency seems to be range-bound between $3K and $3.7K, indicating a lack of significant volatility unless there is a breakout in either direction. A detailed analysis of the daily chart shows Ethereum’s prolonged consolidation after
Shiba Inu (SHIB) recently experienced a price drop, with the current trading price at around $0.00002734, reflecting a 3% decline on a daily scale and a 20% drop on a monthly basis. Despite this downward trend, analysts are optimistic about a potential bullish rally in the near future. Rekt Capital and Jake Gagain are two
