The recent news coming out of the German state of Saxony has caused quite a stir in the cryptocurrency community. The state has been rapidly depleting its Bitcoin reserves after seizing assets from the film piracy website Movie2K earlier this year. The government has been auctioning off around $3 billion worth of BTC, with a
Crypto
Bitcoin experienced a surge in price, reaching close to $60,000 after the release of CPI numbers. However, this upward momentum was short-lived as the cryptocurrency retraced by over two thousand dollars. The market has been highly volatile, with the asset’s price moving dramatically in a matter of hours. While Bitcoin has been on a rollercoaster
Railgun, a popular crypto privacy protocol, recently made headlines for successfully foiling an attempt by Inferno Drainer to launder stolen funds. The anti-money laundering tracking system, MistTrack on X, revealed that over 174 ETH, equivalent to $533,000, was intercepted by Railgun. This forced the perpetrators to return the stolen ETH to Inferno Drainer’s original wallet,
Bitcoin, the leading cryptocurrency, recently experienced a halt in its upward momentum as the price dropped from its climb towards $60,000 to just over $58,000 after a minor retracement in the past day. This retracement comes after a period of recovery following a significant drop to a multi-month low of just under $54,000. The pressure
Recently, wallets linked to the CoinStats exploiter made a significant move by transferring almost $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. This action comes shortly after CertiK, a blockchain security firm, identified two wallets connected to the CoinStats exploit in June moving a total of 311 ETH to Tornado Cash.
In a recent turn of events, popular Canadian musician and actor, Drake, lost a significant Bitcoin bet after Canada was defeated by Argentina in the Copa America semi-final. Drake had bet a whopping $300,000 worth of Bitcoin on his home country to beat Argentina in the match. This loss adds to a long list of
Binance, the world’s largest cryptocurrency exchange, recently announced that it will be suspending deposits and withdrawals for approximately one hour on July 17th. This decision is a part of a scheduled wallet maintenance process. Despite this temporary setback, trading services will remain unaffected. It is essential to note that Binance will not provide any further
The world of cryptocurrency has been buzzing with excitement as Ethereum 2.0 staking experiences a surge in participation. A major milestone has recently been reached with the deposit contract for staking Ethereum on the Beacon Chain reaching an all-time high of 47.36 million ETH. This represents a significant increase from just two years ago when
In recent times, Bitcoin has experienced a significant dip in its price, with a 15% decrease over the past 30 days. This drop was most notable towards the end of last week when the price fell below $54,000 for the first time since February. However, there has been a slight recovery, with the current trading
The latest data from Santiment, a market intelligence platform, reveals Ethereum (ETH) to be the top trending token in the cryptocurrency sector. This surge in popularity is attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions like BlackRock, Fidelity, VanEck, and others. Experts speculate that ETH may soon break
