A widely followed crypto analyst is suggesting that Ethereum (ETH) is reaching a decision point. Crypto trader Michaël van de Poppe tells his 724,400 followers on the social media platform X that ETH’s next move depends on how it trades against Bitcoin (ETH/BTC). “ETH remains to be in an indecisive state of mind. Bullish divergence …
Monthly archives: September 2024
WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield
The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain security firm PeckShield. PeckShield notes an address associated with the hacker transferred 5,000 ETH worth approximately $12 million to a new wallet on Thursday. That …
Judge Agrees To Delay $125,000,000 Penalty in SEC v. Ripple Lawsuit, Opening the Door to a Possible Appeal
A judge has agreed to delay enforcing the $125 million civil penalty imposed on Ripple, cracking open the door for a potential appeal in the payment firm’s longstanding legal battle with the U.S. Securities and Exchange Commission (SEC). On Thursday, District Judge Analisa Torres ordered a stay on the monetary portion of the case’s final …
US Government Losing $233,000,000,000+ To Fraud Every Year, According to First-Ever Estimate From America’s Accountability Office
A groundbreaking new report shows the US government is losing a staggering amount of money to fraud every year. The Government Accountability Office’s (GAO) first “Fraud Risk Management” report estimates the federal government’s annual losses to fraud fall somewhere between $233 billion and $521 billion. The GAO uses fiscal data from 2018 through 2022 for …
Bitcoin falls below $54k as market sees volatility following jobs data
Bitcoin tumbled below $54,000 on Friday after initially climbing to $57,000 earlier in the day following the release of a key US jobs report. The swift reversal sent shockwaves through the crypto market, with Bitcoin shedding nearly 4% over the past 24 hours in a bout of intense volatility. As of press time, the flagship …
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Ripple co-founder and 87 execs endorse Kamala Harris for president
Ripple co-founder Chris Larsen joined 87 other corporate leaders in endorsing Vice President Kamala Harris for the White House, as reported by CNBC on Sept. 6. The letter included several other high-profile signatories, including Aaron Levie (Box CEO), Jeremy Stoppelman (Yelp CEO), philanthropist Lynn Forester de Rothschild, private equity billionaire José Feliciano, Twilio co-founder Jeff …
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Bitcoin consolidation tests investors’ patience amidst volatile market sentiment
Quick Take Bitcoin continues to hover in the mid-$50,000s, entering a consolidation period characterized by downward volatility. This period has tested investors’ patience as other asset classes, like US stocks and gold, approach or have reached all-time highs. Meanwhile, Bitcoin remains over 20% below its record peak. The Coinglass Crypto Fear and Greed Index currently …
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Crypto has become boring in 2024 while AI creates peak apathy for new tech
As we approach the end of 2024, the emerging tech landscape bears little resemblance to that of 2019. In just five years, the whirlwind of innovation that swept through decentralized finance, artificial intelligence, and blockchain technologies has transformed our digital world at a dizzying pace. Yet, amid this rapid progress, I see a curious phenomenon …
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Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions
Russian lawmakers pass bill legalizing Bitcoin mining, crypto payments for international trade Adoption 1 month ago The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1, pending final approval from the federation. Go to Source
U.S. jobs data miss prompts Bitcoin rise to above $56,000 amid rate cut speculation
Quick Take On Sept. 6, the US released its latest jobs data, revealing that non-farm payrolls increased by 142,000, falling short of the consensus estimate of 160,000. Meanwhile, the unemployment rate held steady at 4.2%, which aligned with expectations. However, wage growth surprised on the upside, with average hourly earnings rising 0.7% month-over-month and 3.8% …
Toncoin bucks market slump as Telegram’s Durov addresses arrest in France
Toncoin, a digital asset tied to Telegram, stood out in a declining market after the app’s founder, Pavel Durov, broke his silence following his arrest in France. CryptoSlate data shows that Toncoin rose by over 4% in the past 24 hours, reaching $5 before settling around $4.77 at press time. Meanwhile, top assets like Bitcoin, …
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Crypto Market Chaos: $93M Liquidated in 4 Hours as Bitcoin Crashes Below $54K
Bitcoin’s price took a dip below the $54,000 mark on Friday, as the cryptocurrency continued its downward trend over the past week. The value slipped by 3.5% compared to the previous day, reaching a low of $53,810, a level not seen since early August. Bitcoin Reaches a 30-Day Low Over the past 24 hours, bitcoin …
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Crypto All-Stars Raises $1M in Trending Presale – Is This the Next Big Meme Coin?
Crypto All-Stars (STARS) has blasted through the $1 million mark in its presale phase. With enormous staking rewards on offer through its new “MemeVault” feature, is Crypto All-Stars set to be the next big meme coin launch? STARS Presale Passes $1M as Investor Demand Heats Up Crypto All-Stars’ presale has been gaining momentum, with tens …
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Bitcoin ETFs Lose $211 Million as Ethereum Funds See Modest Outflows
Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720. $211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K On Sept. 5, bitcoin and ethereum ETFs both took hits, with bitcoin ETFs leading the way in outflows. According to data …
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Fractal Bitcoin Set to Launch Sidechain With Unique Merged-Mining Mechanism
Fractal Bitcoin, a sidechain of Bitcoin created by the Unisat wallet team, is gearing up for its debut on Sept. 9, introducing a fresh twist on mining called “Cadence Mining.” This process plans to enable bitcoin miners to merge-mine with Fractal Bitcoin every three blocks, offering a unique approach to merged mining and tokenomics within …
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