Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Bitcoin Dormant Wallet Turns $10K into $1.45M After 11 Years

August 21, 2024 1 min read

A previously inactive Bitcoin wallet, containing about 24 BTC, has reappeared after a period of 10.8 years of inactivity. The wallet initially acquired 24 BTC on November 16, 2013, when the value of Bitcoin was $438.83. The coins would have been acquired at a cost of around $10,915 by the owner. Currently, the identical 24 BTC own a remarkable value of $1.46 million, leading to a profit rise of 13.245%.

Bitcoin’s recent dip below the 200-day SMA raises concerns about its future direction

August 19, 2024 1 min read

Bitcoin (BTC) has undergone substantial growth in the last two years, with its value increasing by over 300% since early 2023. In the year 2024, there was a significant increase of 40%, resulting in the attainment of new record levels. Nevertheless, current advancements indicate that the positive trajectory of Bitcoin may encounter obstacles in the upcoming months. Crypto expert Ali Martinez recently observed that the price of Bitcoin has fallen

Donald Trump has between $1 million-$5 million in Ethereum (ETH)

August 16, 2024 1 min read

According to election declarations, Donald Trump possesses an amount of Ethereum (ETH) valued between $1 million and $5 million, and he earns a substantial income from license fees related to non-fungible tokens (NFTs). Although the documents do not specify the exact quantity of Ether, Arkham Intelligence reports that Trump’s wallet holds $3.6 million worth of Ether. In addition to the Ether holdings, financial records indicate that Trump earned $7.15 million

Kamala Harris’s campaign advisors says her presidency may embrace a prudent stance towards crypto

August 14, 2024 1 min read

Vice President Kamala Harris, a new entrant into the presidential race, has mostly withheld the specifics of her policy proposals. In anticipation of the Democratic National Convention, Hillary has pledged to disclose further details regarding her economic strategies in the near future. Her campaign advisors, a significant number of whom has expertise in blockchain and Web3 regulation, have greatly contributed to her comprehension of bitcoin. Brian Nelson, a lawyer who

Ark Invest dumps 400 units each of two ETFs that track Ethereum futures

August 11, 2024 1 min read

Ark Invest, under the leadership of Cathie Wood, divested a substantial chunk of their Ethereum futures ETFs on August 9, which may have resulted in a decrease in investor confidence. The corporation sold 400 units of ProShares Ethereum Strategy ETF (EETH) and Ark Active Ethereum Futures Strategy ETF (ARKZ), resulting in a trade of $21,112 for EETH and a sell of $12,056 for ARKZ. Ark Invest’s strategic decision indicates a

Binance records $1.2 billion in net inflows in 24 hours, demonstrating strong investor confidence

August 7, 2024 1 min read

Binance exchange achieved a remarkable $1.2 billion in net inflows within a 24-hour period, even in the face of worldwide market instability. The occurrence demonstrates the robust trust and belief of investors in Binance, a company that possesses assets over $100 billion. Although offshore exchanges experienced significant selling pressure, US crypto platforms demonstrated robust trading volumes for Bitcoin. Binance experienced an infusion of funds as traders and investors liquidated their

India seeks over $80 million from Binance exchange for unpaid taxes

August 6, 2024 2 mins read

The Directorate General of GST Intelligence (DGGI) in India has demanded a sum of $86 million in taxes from Binance, a prominent crypto exchange. India’s tax authorities have targeted a large crypto business for the first time, establishing a regulatory precedent in the country. The Directorate General of Goods and Services Tax Intelligence (DGGI) has requested a payment of INR 722 crore, which is equivalent to nearly $86 million, for

Mt. Gox is close to finishing its Bitcoin repayment plan after transferring $2 billion in BTC

August 4, 2024 1 min read

After completing a large Bitcoin move worth over $2 billion, Mt. Gox, a former Japanese Bitcoin exchange, is almost done with its repayment plan. As part of Mt. Gox’s plan to give back recovered Bitcoin to people who were touched by the 2014 hack, hundreds of thousands of BTC worth about $450 million were stolen. Mt. Gox has recovered about 141,686 BTC since the hack, but recent big transfers have

Global crypto trading volume is estimated to exceed $108 trillion in 2024

August 1, 2024 1 min read

A Coinwire study says that the amount of crypto traded will be more than $108 trillion in 2024, which is 90% more than in 2022. The US has more than $2 trillion, making it the leader. Since 2023, the amount of crypto traded has grown by 42%, and the market has grown by 89% in the last three years. When it comes to crypto dealing, Europe is the leader, with

Casper Network halts the network after discovering a significant security breach

July 29, 2024 1 min read

Casper Network has suspended its network operations in response to a security incident, as declared by the smart contracts blockchain platform. The platform collaborated with validators to minimize the potential consequences of the compromise and suspended operations until the vulnerability was fixed. The team said on X: Casper Association, Casper Labs, and the Validators/community are actively working to resolve the issue. The network has been halted and the security breach

Revolut secures UK banking license with restrictions, entering the ‘mobilization’ stage for new banks

July 26, 2024 1 min read

Revolut has obtained a banking license in the United Kingdom, which is a major achievement for the fintech company. The Prudential Regulation Authority (PRA) has awarded a license to Revolut, but it comes with some conditions. This puts Revolut in a phase called “mobilization” or ‘Authorisation with Restrictions’, which is a regular procedure for new banks in the UK. UK consumers can continue using their e-money accounts without any interruptions,

Decentralized exchange dYdX v3 compromised by a DNS attack

July 23, 2024 1 min read

dYdX, a decentralized exchange, experienced a substantial security compromise related to its v3 protocol. A hacker infiltrated the authorized website of dYdX v3 by implanting token-draining software, which has the potential to divert customers’ cash. The hijacked website exhibited error messages resembling prior phishing scams, with the intention of deceiving customers into divulging their wallet information. The exchange posted a cautionary message on social media, recommending users refrain from accessing