In a startling development, the Hamas terrorist organization has discovered a new avenue to finance its attacks against Israel – the Tron cryptocurrency network. Previously reliant on Bitcoin, the Iran-backed militant group has now shifted its activities to Tron, a blockchain platform that offers faster transactions and lower fees. This significant change in strategy has
Crypto
Bitcoin, the leading cryptocurrency, has experienced lackluster price movements in recent days, stagnating just below the $38,000 mark. The same can be said for most altcoins, with only minor gains observed in Chainlink and Tron among the larger-cap coins. This stagnation follows a week of volatility driven by developments surrounding Binance and its interaction with
During Binance Blockchain Week, I had the extraordinary opportunity to sit down with Richard Teng, the newly appointed CEO of Binance. As the former Head of Regional Markets for Binance, Teng witnessed the rapid growth of the cryptocurrency industry firsthand. He shared his fascination with the foray of cryptocurrencies into traditional finance circles during a
This week, Ethereum has experienced a 4.7% price increase, bringing it closer to the key resistance level of $2,100. While this level has been tested before this month, a potential breakout could pave the way for ETH to reach new highs. The momentum remains bullish, with sellers struggling to contain the uptrend. This increases the
The recent legal troubles faced by Binance, one of the world’s largest cryptocurrency exchanges, have sent shockwaves through the crypto market. The exchange’s founder and former CEO, Changpeng “CZ” Zhao, pleaded guilty to violating the Bank Secrecy Act, leading to a $4.3-billion settlement with US authorities. While Binance has not been accused of misusing user
FTX and Alameda, two prominent entities in the cryptocurrency space, have recently undertaken a significant divestment strategy. Over the past 24 hours, they have transferred a substantial amount of MATIC and AVAX, amounting to $36.01 million, to various exchanges. This ongoing commitment to reaching settlements with creditors amidst the twists and turns of the bankruptcy
Bitcoin (BTC) is currently experiencing a consolidation phase, leaving investors uncertain about the future and concerned about the potential decline in price. The Bitfinex Alpha report reveals that BTC is hovering around the $37,000 price range, showing signs of diminishing momentum and positive funding rates on futures contracts. This historically indicates market declines, further strengthening
Jameson Lopp, co-founder and CTO of Casa, is an influential figure in the crypto space, renowned for his extensive work on Bitcoin infrastructure and security. In a recent interview with CryptoPotato at the BTC Amsterdam conference, Lopp shared his nuanced insights on the evolution of Bitcoin security, the challenges faced along the way, and his
The week ending Sat, Nov 18 marked a downturn in XRP token prices. After experiencing a significant surge from $0.49 to $0.72 in mid-October, XRP fell to $0.61 by Sunday morning Tokyo time. This decline has sparked speculation among investors about the future of the cryptocurrency and its potential impact on the ongoing Ripple lawsuit.
A recent study conducted by TRM Labs has shed light on the slowing growth rate of crypto-denominated fentanyl sales in 2023. This revelation marks a significant decline from the average growth rate of 155% recorded since 2019. Examining data from over 100 online vendors of fentanyl and its precursors, TRM Labs discovered that these sales
