Crypto

On October 21, a significant influx of investments was observed in BlackRock’s iShares Bitcoin Trust (IBIT), with investors acquiring an impressive 4,869 BTC, amounting to around $329 million. This influx comes at a time when the cryptocurrency market is experiencing a downturn, particularly with many competing spot Bitcoin exchange-traded funds (ETFs) in the United States
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In the ever-evolving crypto ecosystem, Pump.fun has emerged as a notable player, particularly within the niche of meme coins on the Solana blockchain. Recent activities, particularly its large SOL sales, have raised eyebrows among market analysts and investors alike. A striking incident on October 2nd saw the platform’s Fee Account liquidate 40,000 SOL, valued at
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The realm of cryptocurrencies is often riddled with controversy, and the recent allegations against WazirX, an Indian cryptocurrency exchange, are no exception. The platform, co-founded by Nischal Shetty, has found itself in hot water following claims of transferring a staggering $75 million worth of crypto assets to major exchanges without notifying its users. This situation
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In recent months, Dogecoin (DOGE), the cryptocurrency that started as a meme, has witnessed significant upward momentum, primarily attributed to the ongoing influence of Tesla’s CEO, Elon Musk. This resurgence raises questions about whether DOGE can ascend to the remarkable $1 threshold, especially in light of Musk’s potential involvement in a future Trump administration. Such
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Bitget has recently announced that its native wallet has surpassed a remarkable milestone of 40 million users, indicating a growth rate of over 100% since March 2024. This significant development positions Bitget as a formidable competitor in the crypto wallet arena, especially as it edges closer to Binance in terms of download numbers. With 6
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In a striking alliance, Binance has partnered with the Delhi Police to dismantle an advanced fraud operation linked to a fraudulent company named “M/s Goldcoat Solar.” This initiative has culminated in a significant breakthrough, highlighted by multiple arrests and the seizure of over 100,000 USDT in cryptocurrency assets. The operation underscores the increasing collaboration between
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In a troubling incident that exemplifies the risks threatening the digital financial system, the FBI has arrested Eric Council, a 25-year-old man, for orchestrating a sophisticated hack that misled investors about the regulatory landscape of Bitcoin Exchange-Traded Funds (ETFs). The ramifications of his actions extend beyond mere fraud; they underscore the vulnerability of institutional digital
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Bitcoin, the quintessential cryptocurrency, has witnessed a period of stabilization over the recent weekend, maintaining its position above the pivotal $68,000 mark. This comes in the wake of a tumultuous week where prices oscillated significantly, particularly when the asset dipped to a concerning $59,000 midweek. Subsequently, it staged a recovery, not just climbing back to
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