In a recent discovery, blockchain analysis firm Spot On Chain identified the movement of $10.8 million worth of cryptocurrencies from wallets associated with defunct crypto trading firms FTX and Alameda Research. These funds were transferred to accounts in popular crypto exchanges such as Binance, Coinbase, and Wintermute. This raises questions about the intentions and motives
The popular YouTube crypto analyst, LuckSide Crypto, has recently expressed optimism about Cardano (ADA) entering a new bullish era and anticipating significant gains in the coming years. According to the analyst, ADA’s price chart shows a breakthrough above a long-term bearish trendline that had persisted since August 2022. This development is seen as a positive
Robinhood, the American fintech company known for its zero-commission, no-minimum-balance brokerage model, has taken a significant leap forward by launching its brokerage services in the UK. This move marks Robinhood’s first expansion beyond the United States and signifies the company’s ambition to ignite higher retail investment internationally. By offering UK customers access to over 6,000
The United States Securities and Exchange Commission (SEC) has recently solicited public comments on a proposed rule change that could allow Fidelity, an asset management firm, to offer shares of its spot Ether (ETH) exchange-traded fund (ETF). This move by the SEC has sparked significant interest, as it could potentially pave the way for the
In a bold move that could reshape Hong Kong’s financial landscape, Mr. Chen Zhihua, President of the Hong Kong Securities and Futures Association, has proposed the introduction of an “Initial Coin Offering (ICO) mechanism” in the city. Amidst an ongoing struggle to recover from the economic repercussions of the epidemic, Zhihua believes that leveraging ICOs
MicroStrategy, the leading business intelligence software company, has once again made headlines with its latest Bitcoin purchase. The firm, founded by former CEO Michael Saylor, announced that it has acquired an additional 16,130 BTC, worth nearly $600 million. This marks MicroStrategy’s second Bitcoin purchase in November, following its initial acquisition of 155 BTC for $5.3
The XRP price has recently entered into a consolidation phase after experiencing a significant surge in mid-October to early November. However, a closer look at the 1-month chart reveals an interesting anomaly. Crypto analyst Egrag has identified a rare pattern in the XRP monthly price chart – a series of three consecutive green candles. This
In the world of decentralized exchanges (DEX), tokens that defy expectations and experience astronomical price surges have become a common occurrence. One such token is XCEPT ($XCEPT), which recently witnessed an astonishing pump of +8,700% on Uniswap. XCEPT positions itself as a revolutionary suite of BOT and MEV tools designed to democratize the trading experience
The recent approval of asset sales from bankrupt crypto exchange FTX has provided a glimmer of hope for creditors affected by the collapse of the exchange in 2022. The Delaware bankruptcy court has given the green light for FTX to sell around $873 million of trust assets, with the proceeds being utilized to repay impacted
In a groundbreaking move, leading esports organization Team Liquid has announced a strategic partnership with the NFT game Illuvium. This collaboration represents a significant step in bridging the worlds of esports and blockchain gaming, showcasing the increasing adoption of new technologies in the global gaming industry. Team Liquid’s Expertise in PVP Mechanics As part of
