A popular on-chain metric suggests that the crypto bull market is still far too young for investors to consider selling their Bitcoin, according to CryptoQuant’s Thursday report. The market intelligence firm published a research quick take analyzing whether Bitcoin was nearing a “distribution zone” / market peak or if current prices were still a good...
Ethereum Founder Vitalik Buterin pinpointed the importance of cultural awareness and the rise of scams within the cryptocurrency industry on May 30. He cautioned users about the deceptive use of common terms, pointing out that some can have vastly different meanings in crypto compared to other fields. In a recent post on Farcaster, Buterin argued...
10x Research Head Researcher Markus Thielen, the analyst who predicted the pre-halving Bitcoin all-time high, cited a June CPI reading of ‘3.3% or lower’ on May 30 as critical for a new all-time high. According to Thielen’s insights in a 10x Research report, while Bitcoin price movements might “appear random,” they are actually influenced by...
The U.S. Department of Justice (DOJ) announced on May 29 an international law enforcement operation to disrupt the 911 S5 botnet, a major cybercriminal enterprise, which resulted in the arrest of YunHe Wang, a Chinese national, for his role in deploying malware and operating a proxy service used for various cybercrimes. Wang’s botnet compromised millions...
In a surprising turn of events, researchers cracked an 11-year-old crypto wallet containing $3 million in Bitcoin by exploiting a flaw in an outdated version of the RoboForm password manager. This breakthrough not only recovered a significant amount of lost Bitcoin but also raised important questions about Bitcoin price predictions and the security of long-term...
Independent candidate for U.S. president, Robert F. Kennedy Jr. spoke on stage at Consensus 2024 in Austin, Texas, on Thursday, discussing crypto regulation. “We need to make sure America remains the hub of blockchain technology. I’m going to make sure cryptocurrency is regulated in a way that protects the consumer from deceptive schemes,” said Kennedy...
The success of Bitcoin spot ETFs in the United States has come at the expense of their global competitors, despite surging demand for Bitcoin over the past few months. European Bitcoin ETFs Are Losing Money As reported by the Financial Times, spot Bitcoin ETPs in Europe have suffered net outflows worth $500 million a year...
Pudgy Penguins has partnered with Mythical Games to create a blockchain-enabled AAA mobile game to launch in 2025. According to a press release, the new game will combine the popular Pudgy Penguins characters with Mythical Games’ expertise in blockchain gaming, which developed titles including NFL Rivals and Blankos Block Party. The expansion continues. Pudgy Toys...
Bitcoin spot exchange-traded funds (ETFs) continue to attract significant investor interest as they record thirteen consecutive days of net inflows. On May 30, the total net inflow for Bitcoin spot ETFs reached $48.706 million, according to data from SoSo Value. Grayscale ETF GBTC experienced no outflows on that day, while Fidelity ETF FBTC witnessed an...
Former Deutsche Bank employee and FINRA registered broker, Rashawn Russell, aged 28, has been sentenced to 41 months in prison for wire fraud and crypto fraud scheme that saw investors lose $1.5 million. Russell was sentenced by United States District Judge Hector Gonzalez on Thursday and has been ordered to pay more than $1.5 million...