Recently, Ethereum has faced significant challenges due to the bearish pressure in the crypto market. The price of ETH experienced multiple crashes, causing it to drop below $2,000 and dashing hopes of reaching a new all-time high in the third quarter. Despite these setbacks, one crypto analyst, RLinda, has offered an optimistic perspective on the
The recent report from Bitwise indicates that institutional investors based in the U.S. continue to show robust support for Bitcoin through spot ETFs, with a significant 66% either maintaining or increasing their holdings. This trend is particularly noteworthy considering the market volatility and declining prices witnessed during Q2. Bitwise’s chief investment officer, Matt Hougan, highlighted
Sahil Arora, a well-known figure in the crypto industry, has made headlines for his involvement in celebrity-backed meme coins. However, recent reports have raised concerns about his financial activities and the methods he used to generate profit. Initially, it was reported that Arora had earned an impressive $30 million this year. However, a blockchain investigator
The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. Van de Poppe mentioned on X (formerly
The world of cybercrime is constantly evolving, with new trends emerging each year. One of the most concerning trends in 2024 has been the significant rise in stolen funds in crypto scams. According to recent data, the amount of stolen funds has almost doubled from $857 million to $1.58 billion by late July. This represents
Senate Majority Leader Chuck Schumer’s emphasis on the importance of regulatory clarity and bipartisan collaboration in the crypto industry is a step in the right direction. His goal to pass a comprehensive crypto bill by the end of the year shows a sense of urgency in addressing the regulatory challenges faced by the industry. However,
Confiction Labs, the developer behind the shooter game Riftstorm, recently announced the launch of Proof of Exposure, a system designed to combat Web3 gaming bots by integrating NFT allowlist verification. This move comes as a response to the growing problem of automated bot accounts disrupting the gaming experience for developers and genuine players alike. The
Metaplanet, a Japanese investment firm, has recently made a bold move by acquiring approximately $3.3 million worth of Bitcoin, totaling 57.103 bitcoins. This investment is just one part of the company’s broader strategy to expand its Bitcoin holdings, with a total of 303.095 BTC acquired for $20 million so far. The decision to purchase Bitcoin
Indian cryptocurrency exchange WazirX, which was recently the target of a $235 million hack, has taken the decision to end its asset custody arrangement with Liminal. The exchange announced on August 14 that it would be moving its assets from Liminal to new multi-signature wallets in order to enhance the security of its remaining assets
Cryptocurrency exchange Binance has reached a settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, agreeing to pay $1.76 million to put an end to allegations of unlicensed derivatives trading in the country. This settlement follows a year-long investigation into Binance’s operations in Brazil, which began in July 2020 when the CVM ordered