Crypto News Center

Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details

The price of Bitcoin has continued a mild recovery in the last 24 hours following the recent price plunge in the first week of July. According to data from CoinMarketCap, BTC is up by 1.11% in the last day as the market bulls appear to gather momentum for a full-price rebound. Interestingly, the on-chain analysis platform, IntoTheBlock has provided some insights into the resilient behaviors of these Bitcoin optimists amidst...

Over $5 Million of ALGT Tokens Accumulated By US Retail Investors as MATIC Crashes and BTC Miner Difficulty Increases

The cryptocurrency market is a whirlwind of innovation and volatility. Recent weeks have been particularly turbulent, with the price of Polygon (MATIC) experiencing a dramatic crash. Bitcoin (BTC) miners are also facing increasing challenges due to rising mining difficulty. However, amidst this market unease, a glimmer of hope emerges with Algotech (ALGT). US retail investors have been quietly accumulating significant amounts of ALGT tokens, suggesting a growing interest in the...

Whistleblower Lawsuit Accuses Binance of Bribery and Retaliation

A former senior employee at Binance has filed a whistleblower lawsuit in the UK, alleging that a colleague solicited a bribe from a customer in exchange for preferential treatment. Amrita Srivastava, who worked remotely for Binance’s Link platform, claims she was wrongfully terminated after reporting the alleged misconduct.  Legal Troubles Continue for Binance According to Bloomberg reports, these allegations came forward during an employment tribunal earlier this week. Srivastava said...

Digital Asset Fund Inflows Spike as Market Corrects, Ethereum Leads With $155M

Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the standout performer, benefiting the most from these market dynamics. Coinshares Reports $176 Million Inflows Into Digital Asset Funds Coinshares reported that digital asset investment products experienced inflows amounting to $176 million, reversing recent trends amid a...

South Korea crypto volume hit record $34 billion: Here’s why

Key takeaways On Tuesday, NYSE Arca filed a form on behalf of Grayscale Investments for a spot Solana ETF. iDEGEN’s pre-market auction has surpassed the $2 million mark/ Grayscale files for a spot Solana ETF NYSE Arca, the New York Stock Exchange’s exchange-traded product platform, filed a form for a spot Solana ETF on behalf of Grayscale Investments. The exchange filed a 19b-4 form on Tuesday for the Grayscale Solana...

Judge Approves $12.7 Billion Payment to FTX Creditors

By Mark Hunter 4 days agoFri Aug 09 2024 08:55:21 Reading Time: 2 minutes A US judge has approved a $12.7 billion settlement between FTX and the CFTC District Judge Kevin Castel has ordered FTX to pay $8.7 billion in restitution and $4 billion in disgorged gains The CFTC will now prioritize compensating creditors over pursuing additional civil monetary penalties against FTX A $12.7 billion settlement between FTX and the...

TRON Shines in Q2 2024: USDT Hits $57.1B ATH, TRX Climbs to Top 10

You are here: Home / News / TRON Shines in Q2 2024: USDT Hits $57.1B ATH, TRX Climbs to Top 10 In the second quarter of 2024, TRON’s network saw significant growth and notable achievements, underscoring its expanding role in the cryptocurrency space. The standout figure was the market capitalization of USDT on TRON, which reached an all-time high of $57.1 billion. This milestone highlights the increasing trust and usage...

Solana (SOL) Value Drops 16.43% In 24 Hours; Analyst Eyes Key Recovery Levels

You are here: Home / News / Solana (SOL) Value Drops 16.43% In 24 Hours; Analyst Eyes Key Recovery Levels Solana (SOL) is currently weathering the storm as its value has plummeted, mirroring the recent sharp decline in Bitcoin (BTC). This downturn in Bitcoin, which recently hit a new low of $49.2k, has sent shockwaves through the cryptocurrency market, creating an atmosphere of extreme fear. The resulting panic has caused...

Ken Griffin says crypto is exploding right now because more people want to have ‘agency’ in their lives

Citadel CEO Ken Griffin says it was a “mistake” not to buy crypto sooner, but that doesn’t mean he’s suddenly a fan of Bitcoin. “Of course, I wish I bought something that trades at 100 times the price it traded at a few years ago,” the billionaire investor told Andrew Ross Sorkin during the New York Times DealBook Summit 2024. “We all have FOMO. It’s just universal, it’s part of...

What is NEM Cryptocurrency? | Beginner’s Guide

The Smart Asset System Proof-of-Importance and Harvesting Other Blockchain Features Public vs. Private Final Thoughts New Economy Movement (NEM) is an enterprise-grade solution to power the impending blockchain economy. Originally intended to be a fork of NXT, the community decided to go with a completely new codebase with an alpha version released June 25, 2014, and the first stable release March 31, 2015. The platform is currently being rewritten in...