Australian computer scientist Craig Wright’s assertion that he is the true identity behind Bitcoin’s mysterious creator, Satoshi Nakamoto, has landed him in hot water. In a recent ruling in the ongoing Crypto Open Patent Alliance (COPA) vs. Wright case, High Court Justice James Mellor has escalated the situation by referring Wright’s behavior to the Crown
Crypto
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to a major exploit, resulting in a loss of over $8 million. Reports from Cyvers Alerts indicated the detection of suspicious transactions within the LI.FI cross-chain transaction aggregator, leading to the confirmation of the breach by LI.FI on July 16. The team advised users to
The US spot Bitcoin ETFs have demonstrated remarkable resilience, recording a daily net inflow of $301 million on July 15th. This impressive performance marks their seventh consecutive day of net inflows, signaling a strong investor interest in the cryptocurrency market amid a broader market recovery. Notably, none of the ETFs experienced outflows on that day.
The rollercoaster ride of Bitcoin’s price has been on full display in the past few weeks. Just as the leading digital asset soared to a new all-time high of $65,000, news about Mt. Gox moving billions in BTC sent shockwaves through the market, causing a rapid decline of over two thousand dollars in just a
Bitcoin has once again taken the spotlight as Whale Alert detected the awakening of a dormant address holding 1,000 BTC, valued at around $60 million, after more than a decade of dormancy. This particular wallet received the initial bitcoin stash over 11 years ago, back in September 2012, when its value was a mere $11,908.
Scroll, a ZK rollup Layer 2 network, has seen a remarkable surge of 23% in the past seven days, reaching a Total Value Locked (TVL) of $1.03 billion, as reported by L2Beat data. This marks an impressive milestone for Scroll as the 8th Ethereum Layer 2 network to surpass the $1 billion TVL mark. Scroll’s
In recent days, the cryptocurrency market has experienced a significant surge, with an overall increase of $200 billion. This uptrend has been led by major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). BTC saw a 4.5% daily increase, briefly reaching above $63,000, while ETH reclaimed the $3,300 mark. Additionally, meme coins like Dogecoin (DOGE)
Amidst a week of price weakness in the digital asset market, investment products saw a surge in buying activity, with inflows reaching $1.44 billion. This brought the year-to-date inflows to a staggering $17.8 billion, setting a new record in the industry. Despite the significant inflow, trading volumes remained relatively low at $8.9 billion for the
Bitcoin has recently surged back to the $63,000 level, marking a two-week high and leading analysts to believe that the downtrend has been broken. According to on-chain analytics platform CryptoQuant, this resurgence has been largely driven by “U.S. whales,” indicating an increase in institutional Bitcoin purchases. The analysis of the Coinbase premium gap has also
Recently, XRP has seen a significant increase in its price, outperforming major cryptocurrencies in the market. Amid a cryptocurrency sector rally that pushed the global market capitalization beyond $2.4 trillion, XRP stood out with a notable 27% price increase over a week. This surge has sparked optimism among analysts and traders, with some predicting further
