The trader bought 70,000 Bitcoin during the FTX collapse when the price varied between $40,000 and $16,000. News COINTELEGRAPH IN YOUR SOCIAL FEED A Bitcoin whale known as “Spoofy” acquired more than $340 million worth of BTC on the Bitfinex exchange as Bitcoin’s price dropped below $90,000. On Feb. 27, community members reported that the …
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XRP price could avoid a 20% crash if the bulls hold above the increasingly important $2.20 support level. Altcoin Watch COINTELEGRAPH IN YOUR SOCIAL FEED XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants …
Metaplanet, a Japanese Bitcoin treasury firm, issued $13.4 million in 0% bonds to fund more BTC purchases, continuing its aggressive accumulation strategy. News COINTELEGRAPH IN YOUR SOCIAL FEED Japanese Bitcoin treasury firm Metaplanet issued 2 billion Japanese yen ($13.35 million) in bonds to continue expanding its BTC reserves, marking the latest move in a series …
Continue reading “Metaplanet buys the dip, issues $13.4M in bonds for Bitcoin purchases”
Bybit is nearing a full operational license in the UAE, expanding globally despite regulatory challenges and the $1.4 billion crypto hack. News COINTELEGRAPH IN YOUR SOCIAL FEED Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle …
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The Federal Bureau of Investigation (FBI) has confirmed North Korea as the culprit behind the recent $1.5 billion exploit on Bybit. In a Feb. 26 Public Service Announcement (PSA), the agency attributed the attack to TraderTraitor, a malicious cyber campaign linked to North Korean threat actors. TraderTraitor refers to a series of malware-infested applications disguised …
Continue reading “FBI confirms North Korea-backed Lazarus hackers stole $1.5 billion from Bybit”
Gemini co-founder Cameron Winklevoss has urged the US Securities and Exchange Commission (SEC) to compensate the crypto exchange for its legal expenses and dismiss officials involved in its now-closed investigation. On Feb. 26, Winklevoss disclosed that the SEC had officially dropped its investigation into Gemini without filing charges. The exchange later confirmed this, noting that …
Former Glassnode analyst and founder of CheckOnChain has highlighted that Bitcoin investors selling coins amid the current drawdown could incur losses, transferring holdings to long-term holders. He stated, “The odd’s we’re in a bear market are not large in my opinion.” Bitcoin’s price fell to $83,223 after a 6.5% correction over the past 24 hours …
Continue reading “Chances of Bitcoin bear market ‘not large’ though analysts eye $76,000 support”
BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin exchange-traded fund (ETF), saw record-breaking withdrawals on Feb. 26 amid the sector’s prolonged sell-off during the last seven trading days. Data from SoSoValue shows that IBIT lost 5,002 BTC, valued at $418 million, marking the fund’s highest single-day outflow. This outflow surpassed its previous record of $332 …
A Chinese national was murdered in a luxury hotel in Jeju City, South Korea, while trading cryptocurrency. Four individuals have been arrested in connection with the murder case. The killer also stole nearly $59,000 from the victim. Chinese National Murdered While Trading Cryptocurrency in Korea Wrench attacks are rising in the cryptocurrency space. Local reports …
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Ripple has announced upcoming features for the XRP Ledger (XRPL) aimed at enhancing institutional decentralized finance (DeFi). Key developments include expanded compliance functions, a new lending protocol that integrates with Ripple Payments and decentralized exchanges, and the introduction of Multi-Purpose Tokens (MPTs) for tokenized assets. Additionally, the XRPL will see the launch of a permissioned …
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In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs. Central Bank of Brazil Still in Search of Privacy Solution for CBDC The pilot of the Brazilian central bank digital …
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This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. PRESS RELEASE. Ripple’s native token XRP is at a crucial crossroad as XRP whales are scanning the market for new opportunities to amplify returns. One project capturing these whales’ attention is XRPTurbo, an AI …
A U.S.-based venture capitalist has spoken out against proposals that would restrict international stablecoin issuers from accessing the U.S. treasury market. Stablecoin Regulatory Battle Emerges in Washington Vance Spencer, co-founder of Framework Ventures, has criticized attempts to “shut off access to the treasury market for centralized international stablecoin issuers.” According to Spencer, blocking these issuers …
MEXC has invested $20 million in USDe, Ethena’s synthetic dollar, to drive stablecoin adoption and expand DeFi innovation. The exchange also launched a $1 million rewards campaign to incentivize participation in the growing stablecoin market. $20 Million Investment in USDe to Boost Stablecoin Adoption MEXC, a global crypto exchange has announced a $20 million investment …
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A Russian founder of cryptocurrency exchange Gotbit has been extradited to the U.S. to face charges of wire fraud and conspiracy to commit market manipulation. Code for Wash Trading Crypto Transactions Aleksei Andriunin, 26, founder of cryptocurrency exchange Gotbit, has been extradited to the United States to face charges of manipulating cryptocurrency markets on behalf …
