A recent incident involving an early investor in the Solana-based meme coin ANDY has brought to light the dark side of the crypto world. The exploit, highlighted by a popular on-chain sleuth in his Telegram channel, saw the draining of approximately $2 million worth of meme coins in several transactions. The perpetrator wasted no time
Crypto
FTX, a bankrupt cryptocurrency exchange, has faced objections from creditors regarding its proposed reorganization plan. The creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, have raised several concerns. They argue that the plan fails to address property rights issues, does not meet the best interest test, and presents inconsistent debtors
Semler Scientific, a California-based med-tech company, has recently made headlines with its decision to invest heavily in Bitcoin. With the purchase of an additional 247 BTC for $17 million, Semler now holds a total of 828 bitcoins, acquired for $57 million in total. This move signals a significant shift in the company’s investment strategy, as
Kraken, a well-established cryptocurrency exchange in the United States, is reportedly planning a substantial funding round in preparation for a potential initial public offering (IPO) next year. The exchange has set its sights on raising $100 million, a move that would position it as the second publicly traded pure-play crypto exchange globally, following in the
Financial guru and author Robert Kiyosaki has recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach $350,000 by August 25th. While acknowledging that his prediction may seem like “suckers bait,” Kiyosaki stands firm in his belief that any forecast about the
A group of U.S. lawmakers, led by House Foreign Affairs Committee Chair Michael McCaul, has urgently called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking executive at Binance, who has been held by Nigerian authorities for almost three months. The lawmakers have labeled the situation as a hostage crisis,
Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has once again surged to the top as the real-world asset with the most development activity over the last 30 days. This demonstrates the growing interest and innovation in the crypto sector, particularly in the realm of real-world assets that represent
In recent months, there has been a noticeable trend of large bitcoin holders, also known as “whales,” accumulating more tokens. According to the latest data, a specific group of whale addresses now collectively own over 40% of the total bitcoin supply. This accumulation by addresses holding more than 1,000 BTC has been particularly prominent since
In a surprising turn of events, a whale investor has been on a massive buying spree, accumulating a staggering amount of Shiba Inu (SHIB) tokens. This particular whale spent 4,849 ETH, equivalent to approximately $18.44 million, to acquire a whopping 715.9 billion SHIB in just six hours. This buying spree is unprecedented, even for a
The market is abuzz with anticipation surrounding the upcoming launch of spot Ethereum ETFs in the United States. Traders’ positions indicate a moderate level of excitement, with projections suggesting that these investment vehicles could attract around $4 billion within the first five months after their introduction. This has drawn comparisons to the explosive path witnessed
