In today’s crypto market update, Bitcoin (BTC/USD) demonstrates resilience with its current trading price of $64,265. Over the past 24 hours, Bitcoin has seen an increase of 1.20%, accompanied by a trading volume of $18.59 billion. Maintaining its position as the dominant cryptocurrency, Bitcoin’s market capitalization now stands at approximately $1.27 trillion. Several key technical...
A whale’s Bitcoin wallet has become active again after 10 years of dormancy. On May 6, it transferred 687.33 BTC to undisclosed wallet addresses, leading to selloff speculation within the cryptocurrency community. According to the blockchain tracker and analytics platform Whale Alert, the Bitcoin whale moved $43.893 million worth of BTC to two wallet addresses....
Bitcoin has officially processed over one billion transactions since its inception. According to data published on Clark Moody Bitcoin, this landmark was reached on May 5, when transaction number 1,000,000,000 was recorded. The transaction was included in block 842,241. #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/kS704YYoW5 — Wicked (@w_s_bitcoin) May 5, 2024 This...
The United States Securities and Exchange Commission (SEC) received a report from the Office of Inspector General (OIG) alleging that its cybersecurity program was lacking just two weeks before the commission’s X account was hacked on January 9, according to Fox Business reporter Eleanor Terrett. SEC Received OIG Report Two Weeks Before X Hack Eleanor...
Bitcoin (BTC) kicked off the week with robust momentum, maintaining a position well above the $64,000 mark and reaching a high of $64,496. The total market capitalization for cryptocurrencies has surged to $2.36 trillion, reflecting a 1.19% increase within 24 hours. This rise is partly due to investor responses to softer US NFP data, which has...
The US Justice Department (DoJ) arrested an heir to the Cartier empire on May 2, charging him with laundering proceeds of drug trafficking using Tether’s USDT stablecoin. The charges mark a rare intersection between influential people and crypto-related crime. According to the DoJ’s indictment announcement, Maximilien de Hoop Cartier, a direct descendant of Louis Cartier,...
Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant. The move signals a departure from the Central Bank of Kenya (CBK) and other government entities’ previously defiant stance on cryptocurrencies. Marathon...
While many market segments panic-sold their Bitcoin (BTC) this week, the digital currency’s largest whales seem to have bought the dip with size. Whales Buy The Bitcoin Dip According to data provided by CryptoQuant CEO Ki Young Ju, active Bitcoin whale addresses accumulated 47,000 BTC within 24 hours following Bitcoin’s slide this week below $57,000...
An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam on May 3, according to security firm Cyvers. 🚨ALERT🚨Are we mistaken, or has someone truly lost $68M worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1155 $WBTC. 😢 Victim:...
South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO. Per Business Post, Lee’s two-year term as Bithumb boss expires later this month. But industry figures believe he will be reappointed as the firm tries to fast-track its public offering plans. Trading volumes on...