In recent days, Hong Kong-based crypto exchange BitForex has raised concerns among its users as the platform appears to have gone entirely dark. The suspension of its website and trading application on Feb 23 has left users unable to initiate withdrawals or access the exchange. This comes as a shock, considering the exchange boasted over
The recent skyrocketing of FOMO coin seems to follow the typical pattern of a meme coin pump-and-dump scheme. Traders rushed to invest in the token after it gained traction on Crypto X (formerly Twitter), leading to a fear of missing out among potential investors. Despite climbing an incredible +80,114% in just two days and reaching
The price of Ethereum (ETH) has recently seen a significant spike, reaching over $3,100, which is close to a two-year high. This surge in price comes at a time when many other leading cryptocurrencies like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are showing little to no volatility, and in some cases, even minor losses.
The realm of cryptocurrency is fraught with scams and thefts, leaving victims reeling from the loss of millions of dollars to cybercriminals. However, amidst this chaos, on-chain researcher ZachXBT has emerged as a beacon of hope for those who have fallen victim to digital asset theft. His recent successful recovery of stolen funds from a
The recent surge in Bitcoin’s price, reaching over $50,000 from under $20,000 since June 2023, has been attributed to the approval of several spot Bitcoin ETFs in the United States. While institutional investors have shown interest and made significant purchases, retail traders have been notably absent from the market. This absence raises the question of
Binance, one of the leading cryptocurrency exchanges, recently reached a $4.3 billion settlement deal after being accused of violating anti-money laundering and sanctions laws. The guilty plea from the exchange, as well as its founder Changpeng Zhao, also known as CZ, marks a significant development in the case. The U.S. Department of Justice had been
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a hot topic in the cryptocurrency industry for several years now. It all started in December 2020 when the SEC accused Ripple of conducting an unregistered securities offering by selling XRP tokens worth over $1.3 billion. Ripple, on the other hand,
The price of Ethereum has experienced a significant uptrend in 2024, with a growth of over 30% in just under two months. One compelling factor contributing to this surge is the recent on-chain data revealing a decrease in Ethereum’s exchange reserve balance. This decline indicates that more ETH tokens are being withdrawn from centralized exchanges
The emergence of Mollars (MOLLARS) on the Ethereum Blockchain has captured the interest of many crypto enthusiasts for various reasons. Not only does it offer a secure way to store value, but it also presents a unique opportunity for significant growth post-ICO. With plans to launch on May 1st, Mollars aims to establish itself as
The Energy Information Administration (EIA) made the decision to pause the controversial survey of crypto mining firms on Feb. 23 after facing a lawsuit from members of the crypto mining sector. This lawsuit was brought forward by crypto mining company Riot Platforms and the Texas Blockchain Council on Feb. 22. The lawsuit named the EIA,
In a recent report, Matrixport made a bold prediction that Bitcoin would soar to $63,000 by March of this year. This forecast comes on the heels of their previous prediction that Bitcoin would reach $50,000 by the end of January, which ultimately did not materialize as expected. Despite the ambitious nature of this price target,
Ethereum has experienced some volatility this week, with the price briefly breaking above $3,000 before entering into a correction. The key support at $2860 will be crucial for buyers to maintain the bullish momentum. Failure to reclaim $3,000 could lead to a deeper correction, although high timeframes still signal a bullish outlook. Any pullbacks are
The Wall Street Memes ecosystem is currently experiencing a major growth milestone as the WSM Casino has disclosed the deposit of $10 million worth of crypto assets. This deposit has been attributed to the excitement surrounding the GambleFi project within the Wall Street Memes community. The platform has been able to attract users with its
Recent technical analysis by crypto analyst Ali Martinez, also known as @ali_charts, has highlighted a potential sell signal on the three-day chart for Cardano (ADA) against the US dollar. The analysis, shared on X on February 23, points to caution among ADA traders due to the appearance of a bearish signal from the TD Sequential