Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Over $700 million of short and long positions get liquidated as Bitcoin fell below $67,000

March 15, 2024 1 min read

Bitcoin’s price has experienced a significant correction, trading below $67,000, a 8.9% drop in the last 24 hours. This has led to massive liquidations, with over $700 million long positions being liquidated. According to Coinglass, over $530 million in longs and $140 million in short positions have been liquidated, with $220 million in BTC longs being liquidated. Most liquidations occurred on Binance and OKX exchanges, with $248 million and $236

Ethereum crosses $4K after surging by over 5%

March 8, 2024 0 mins read

Ethereum’s price has risen 4.92% in the past 24 hours to $4,003, with a 17.0% increase over the past week. The second-largest crypto by market cap has an all-time high is $4,878.26, which means the coin has a long way to go before hitting a new ATH. Additionally, the chart compares price movement and volatility over the past 24 hours and week, using Bollinger Bands to measure volatility. Furthermore, trading

Binance to transfer large amount of Bitcoin (BTC) to another address as part of its wallet maintenance

March 5, 2024 1 min read

Binance, the world’s leading crypto exchange, has issued a warning about large-scale Bitcoin transfers due to routine wallet maintenance. The exchange said it will be moving a significant amount of BTC to another address within its network. While announcing the move, the exchange reassured users that these transactions are part of internal operations and not indicative of any outward flow of funds. The crypto exchange has taken the proactive step

Pepe memecoin experiences a remarkable surge of 150%, surpasses BONK

February 28, 2024 1 min read

Pepe (PEPE) meme coin has seen a 65% surge in trading volume over the past 24 hours, surpassing Bonk (BONK) as the third-largest meme coin by market capitalization. The surge has also led to over 90% increase in trading volume to over $1.40 billion. This performance aligns with a broader rally altcoins, especially meme coins. These meme coins have collectively achieved an average gain of 10% in the past 24

Sheboshi NFTs spark Shiba Inu’s (SHIB) next big move, promising innovative ecosystem growth

February 26, 2024 1 min read

Shiba Inu’s Sheboshi non-fungible token (NFT) launch has sparked excitement within its community, leading to a surge in market activity. Influencer Lucie announced on X (formerly Twitter) that the project aims to innovate and grow the ecosystem. Moreover, the Shiba Inu’s development team is pushing the project beyond its meme coin image by introducing practical applications, such as the Shibarium Layer 2 network and the SHIB Identity blockchain initiative. In

FTX exchange’s secret bank deal to profit from Tether revealed in court

February 20, 2024 1 min read

Bloomberg published the lawsuit on February 17. The lawsuit says that the FTX crypto exchange allegedly profited from Tether (USDT) by using a covert agreement with Deltec Bank. As per Caroline Ellison, the former CEO of Alameda Research, the company could produce USDT on credit and sell it for a profit through an unauthorized line of credit with Deltec without having to pay for it right away. Alameda generated billions

Stacks (STX) token surges by over 30% in the past 24 hours, reaching 22-month high

February 15, 2024 1 min read

Stacks (STX) is the crypto that has gained the most out of the top 100. The price increase coincides with a 22-month high in the global crypto market capitalization. As of this writing, STX is trading at $2.67, up 27% over the last 24 hours. Earlier today, the asset briefly reached a 26-month high of $2.8, a price last seen in December 2021. After the price increase, STX became the

FTX’s FTT token falls by over 40% as the exchange relaunch denied

February 1, 2024 1 min read

FTX exchange of Sam Bankman-Fried has pledged to fully reimburse customers and creditors affected by its current bankruptcy proceedings. The company assured the overseeing judge that affected individuals, if they could prove their losses, would receive their entire investment. However, the promise of complete asset recovery is not without caveats. The reimbursement values are linked to the official declaration of bankruptcy by FTX, which occurred during a period of turbulent

German authorities reportedly seized 50,000 bitcoins, worth around $2.17 billion

January 31, 2024 1 min read

German authorities reportedly seized 50,000 bitcoins, worth around $2.17 billion. This is the largest crypto seizure in Germany, and it marks a significant development in the ongoing fight against cybercrime. The seizure is linked to the operation of a piracy website in 2013, which flagrantly violated the Copyright Act. The illicit proceeds from this operation were later converted into bitcoin. According to an official police statement, one of the two

Cyber Theft in Crypto Sees Significant Drop in 2023, With $674 Million Recovered: PeckShield Report

January 30, 2024 1 min read

Blockchain security firm PeckShield has released a report indicating a significant 27.78% decrease in cyber theft in the crypto space in 2023, with losses totaling $2.61 billion. This represents a significant improvement over the previous year, when cyber theft totaled more than $3.6 billion. Interestingly, the report highlights a significant recovery effort, with more than $674 million recovered from stolen funds. This represents a 25% recovery rate, a significant increase

FTX Exchange Struggles to Settle Debts, Raises $4.4 Billion Amid Uncertainty

January 29, 2024 1 min read

The embattled crypto exchange FTX is facing challenges as it attempts to repay customers following a significant downturn. To raise funds for this purpose, FTX has sold off its crypto holdings. In the turbulent events of 2022, FTX’s collapse had a profound impact on the crypto market, resulting in significant debts owed to customers. In the aftermath, FTX has been diligently investigating ways to keep its promises to users. In

Solana- based Dogwifhat (WIF) token surges over 70% in the last 24 hours

January 25, 2024 1 min read

A new player in the meme coin arena has piqued the market’s interest amid recent turbulence affecting major crypto such as Bitcoin and Ethereum. The Dogwifhat (WIF) token, created less than two months ago on the Solana blockchain, has seen an astonishing increase of more than 70% in the last 24 hours, outperforming more established names. Following in the footsteps of meme coin predecessors like Dogecoin and Shiba Inu, the