Bitcoin, Ethereum, and Dogecoin saw a remarkable surge recently, with Bitcoin hitting the significant $30,000 mark. Data from CoinGlass revealed over $65 million worth of shorts were liquidated in the past day alone, contributing to a total of $98 million in liquidations. The crypto market cap stands at $1.11 trillion, indicating a 3.29% increase over […]
The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned a Gaza-based cryptocurrency exchange company suspected of having ties to the Palestinian militant group Hamas. On Wednesday, October 18, 2023 OFAC announced they were imposing sanctions on 10 key entities believed to be associated with Hamas, including its members, operatives and financial […]
Bankrupt crypto exchange FTX submitted an amended proposal to return up to 90 percent of creditor holdings held on the exchange before it went bankrupt in November 2022. Quoted from Yahoo Finance, Wednesday (18/10/2023), the debtor group currently overseeing the bankruptcy process will officially submit a plan no later than December 16 2023 to the […]
A group of Japanese companies will issue a digital currency in July 2024 for transactions and settlement of green energy certificates. This information was conveyed by the DeCurret cryptocurrency exchange to us, October 12, 2023. GMO Aozora Net Bank will issue a yen-based digital currency, called “DCJPY”, which will operate on the network launched by […]
Bitcoin’s price recently surged past $28,000, experiencing significant gains. The world’s leading digital currency reached an intraday high of nearly $28,600 around 6 p.m. EST, but it later dipped to just below $28,300. Several factors influenced these price movements, with a fake news report being a notable one. A false report from Cointelegraph’s Twitter account […]
Police in Canada revealed they had conducted an investigation using blockchain surveillance software Chainalysis Reactor to combat crypto crime. The police discussed the situation with Sergeant Kevin Talbot of the Lethbridge Police Service (LPS) Economic Crimes Unit. Talbot has been trained in blockchain analysis, which is considered a significant advance for a smaller force like […]
The XRP community is abuzz as Ripple’s network achieves a significant milestone, but what does this mean for its price? Let’s dive in. Summary: The XRP Ledger has recently witnessed a remarkable surge, boasting nearly 5 million accounts and approximately 60 billion XRP tokens held within these accounts. Despite this growth, it’s important to note […]
JPMorgan in its latest research revealed that the Bitcoin (BTC) mining industry is at a difficult time. This is due to several factors that can burden the Bitcoin mining industry. One of them is the approval of a Bitcoin ETF that could catalyze a rally against the backdrop of record hashrate and block reward halving […]
One of the customers of the FTX crypto exchange, Lee Rees, revealed that he was still affected by the bankruptcy of FTX. When FTX collapsed last year, Rees lost USD 100,000 or the equivalent of IDR 1.5 billion (assuming an exchange rate of IDR 15,661 per US dollar), this is half his annual income. Prosecutors […]
A report released by crypto intelligence company Messari on Thursday, October 5, 2023 shows a continued downward trend in crypto industry funding. This is as the industry faces regulatory uncertainty in the United States (US) and the opening of the criminal trial of FTX founder and former CEO Sam Bankman-Fried, as quoted from the Investopedia […]