Monthly archives: September 2024

Montenegro’s former Justice Minister Andrej Milović has raised serious concerns about the potential link between the extradition of Terraform Labs co-founder Do Kwon and Montenegro’s airport concession deal with South Korea, local news outlet Vijesti reported on Sept. 24. Milović alleged that Prime Minister Milojko Spajić shifted his stance on a 30-year concession for Montenegro’s …

Continue reading “Do Kwon’s extradition mired in controversy after Montenegro’s ex-Justice Minister alleges corruption”

Spot Bitcoin (BTC) exchange-traded funds (ETFs) have amassed more than 900,000 BTC since their launch and will soon surpass the 1.1 million BTC held in wallets believed to be owned by Bitcoin’s pseudonymous creator Satoshi Nakamoto. Bloomberg senior ETF analyst Eric Balchunas recently shared a list of spot Bitcoin ETF holdings, highlighting their cumulative 916,047 …

Continue reading “Bitcoin ETFs are less than 200,000 BTC away from surpassing Satoshi Nakamoto’s holdings”

DeFi protocol Ether.fi reported an attempted domain account takeover on Sept. 24 involving its domain registrar, Gandi.net, according to a Sept. 25 github post by the protocol. According to Ether.fi, the incident saw attackers try to exploit Gandi’s recovery process to gain control of Ether.fi’s domain. The first indication of the breach came at 16:38 …

Continue reading “Ether.fi foils domain hijack attempt, credits enhanced security measures”

In most countries, the rate at which crypto activity grows across transaction size brackets varies significantly. However, the United Arab Emirates (UAE) is an outlier with growth across all brackets, which indicates a ‘balanced and comprehensive adoption landscape,’ according to a recent Chainalysis report. Chainalysis highlighted that the UAE received over $30 billion in crypto …

Continue reading “UAE’s clear regulations have fostered a balanced, diversified crypto ecosystem – Chainalysis”

The hacker responsible for stealing $230 million from WazirX in July has nearly finished laundering the funds, with just $6 million worth of Ethereum (ETH) left, based on Arkham Intelligence on-chain data. Most of the stolen assets were moved through Tornado Cash, a service known for obscuring digital transactions. Funds laundered The breach, which compromised …

Continue reading “Hacker nearly completes laundering $230 million stolen from WazirX”

Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth …

Continue reading “Saudi Arabia Leads MENA in Crypto Growth for Second Year Running”

A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic variables taking control of the markets and should continue in the near term. Not Uncorrelated: Stocks and Cryptocurrency …

Continue reading “Cryptocurrency and Stocks Show High Correlation Levels as Macroeconomics Start Driving Markets”

Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling …

Continue reading “Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement”

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund …

Continue reading “Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty”

According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in shaping market sentiment. QCP Capital: Central Bank Moves Boost Outlook for Crypto QCP Capital‘s analysis on Wednesday highlights a series of macroeconomic developments …

Continue reading “QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk Assets”

Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence …

Continue reading “Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience”