Browsing:Crypto News

North Korean Hackers to Convert Over $40 Million in Bitcoin
9 months ago 2 mins read

FBI Issues Warning: North Korean Hackers Planning $40 Million Bitcoin Cash-Out

The U.S. Federal Bureau of Investigation (FBI) has issued a warning to the crypto community, cautioning that individuals linked to North Korean hackers might be planning to sell over $40 million worth of bitcoin. This announcement was made by the intelligence and security agency, which has been tracking crypto stolen by entities known as the Lazarus Group and APT38, both connected to the Democratic People’s Republic of Korea (DPRK). These entities are known to use a strategy referred to as “TraderTraitor.” The FBI expressed its belief that the DPRK could potentially seek to convert Bitcoin, valued at more than $40

Balancer (BAL) Detects Vulnerability in Specific V2 Pools – Immediate Action Necessary
9 months ago 2 mins read

Urgent: Vulnerable V2 Pools Identified in Balancer (BAL) – Users Urged to Withdraw LPs

Developers at Balancer have unveiled a concerning situation regarding some of their V2 pools. These pools have been exposed to a vulnerability that has the potential to jeopardize users’ funds. The Balancer team has acted swiftly to safeguard the majority of assets, but there are still some pools that remain vulnerable. The Balancer development team recognized the gravity of the situation and took immediate action to secure most of the funds that were at risk. However, it’s important to note that certain pools are still susceptible to vulnerability. To ensure the safety of their investments, users are strongly advised to

Blockchain platform Lookonchain has unveiled the success story of a trader who leveraged the DEX GMX to make over $1 million in profits.
9 months ago 2 mins read

GMX Trader Makes Over $1 Million During Crypto Market Crash

Blockchain analytics platform Lookonchain has unveiled a remarkable success story involving a trader who leveraged the decentralized exchange (DEX) GMX to generate substantial profits. The trader’s ability to accurately predict Ethereum’s price movements over the past few weeks led to a profit of more than $1 million. The trader’s journey began on July 14th, when Ethereum (ETH) was trading near a recent high of approximately $2,000. Recognizing an opportunity amidst the market dynamics, the trader executed a short position on the cryptocurrency. As the market experienced a significant crash, the trader’s timely decision allowed them to capitalize on the downturn,

Rumors are circulating that Robinhood might add Ripple's XRP to its cryptocurrency listings before the year's end
9 months ago 2 mins read

Will Robinhood List XRP?

Amid widespread speculation, rumors are circulating that Robinhood might add XRP to its cryptocurrency listings before the year’s end, causing ripples of excitement within the crypto community. While these speculations remain unverified, the mere possibility of such a move has generated significant interest as we approach the final quarter of 2023. Robinhood has maintained a carefully curated selection of crypto. Unlike other exchanges that may feature various tokens, Robinhood’s selective approach underscores its commitment to quality and a meticulous selection process. The current speculation suggests that an insider with access to undisclosed information might have hinted at the potential addition

Bitcoin Holds Ground at $26,000 While Altcoins Face Ongoing Downward Trend
9 months ago 2 mins read

Bitcoin Maintains $26,000 Support as Altcoins Face Further Decline

Bitcoin finds itself blocked at the $26,000 mark, facing a precarious balance between upward momentum and potential downside pressure. This delicate equilibrium is shaped by the strengthening U.S. dollar and the anticipation of a Federal Reserve announcement slated for Friday. The confluence of these factors has the potential to impact not only Bitcoin but also altcoins and the broader cryptocurrency market. Bitcoin’s value remains relatively stable at $26,000, a point closely monitored by traders and investors. CoinMarketCap reports that the world’s leading cryptocurrency has experienced a 0.4% increase over the past 24 hours. Meanwhile, altcoins have contributed to a different

Bitcoin (BTC) daily RSI has plunged to levels reminiscent of the COVID-19-induced crash in March 2020.
9 months ago 2 mins read

Bitcoin’s Daily RSI Signals Strong Oversold Position Similar to 2020 COVID Crash

A recent development in the cryptocurrency space has captured the attention of market participants: Bitcoin’s daily RSI has plunged to levels reminiscent of the COVID-19-induced crash in March 2020. This event holds the potential to trigger a significant market shift, prompting discussions and speculation within the crypto community. The Relative Strength Index (RSI) is a widely recognized technical indicator that quantifies the velocity and magnitude of price changes. With a range between 0 and 100, RSI readings above 70 often indicate an overbought market condition, while readings below 30 suggest an oversold condition. This tool is instrumental in helping traders

Filed in January, the SEC's lawsuit accused both Gemini and Genesis, a subsidiary, of mismanaging customer funds.
9 months ago 2 mins read

Gemini Counters US SEC Lawsuit with Motion to Dismiss, Citing Flawed Allegations

Gemini crypto exchange is moving to counter the legal action by the United States Securities and Exchange Commission (SEC). The exchange is looking for the dismissal of the SEC’s lawsuit, saying that the regulatory agency has failed to provide enough evidence of unregistered securities being sold on its platform. This legal action marks a crucial chapter in the landscape of crypto regulations. In response to the SEC’s allegations, Gemini exchange has taken a decisive stance, claiming that the regulatory body has not adequately demonstrated that the exchange sold unregistered securities. Filed in January, the SEC’s lawsuit accused both Gemini and

US SEC's Filing Provides Official Recognition of XRP as Non-Security Token
9 months ago 2 mins read

US SEC Confirms XRP’s Non-Security Status in Recent Court Filing

The US SEC announced its acknowledgment of the non-security status of digital assets, with a special emphasis on XRP. This news has emerged in the context of the SEC’s move to appeal the recent legal victory secured by Ripple Labs. The regulatory landscape for cryptocurrencies is evolving, and this latest move has garnered substantial attention within the crypto community. The SEC’s filed motion holds a crucial statement that has grabbed the crypto world’s attention. The regulatory body has stated: “The SEC does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing

Shibarium's Launch Sees Whales Shifting $130 Million Worth of SHIB
9 months ago 1 min read

Shiba (SHIB) Whales Transfer Over $130 Million Amidst Shibarium Launch

Over the past few days, as the highly anticipated Shibarium launch faced setbacks, a total of $131.57 million was transferred by whale addresses in 29 transactions, each involving at least $1 million. These significant movements in the Shiba Inu (SHIB) ecosystem have captured attention amid the protocol’s challenges. Data reveals that these transactions occurred starting on August 16, just before the official launch of Shibarium. This information was collected on August 18, a day after reports of the protocol’s failure, which left more than 1,000 ETH of Shibarium users locked in the bridge contract. This event raised concerns about fund

Liquidation of $30M BNB Position of $560M Hack Perpetrator Coincides with Crypto Market Crash
9 months ago 2 mins read

Liquidation of $30M BNB Position Linked to $560M Hack Amid Crypto Market Crash

In a dramatic turn of events, a $30 million BNB position linked to the perpetrator of a massive $560 million hack was liquidated on the Venus lending protocol during the crypto market crash on August 17. This incident sheds light on the complexities of DeFi ecosystems, centralization, and the measures taken to safeguard against market turbulence. Liquidation Amid Market Turmoil: The BNB Core team took proactive action by manually liquidating the $30 million BNB position on the Venus lending protocol as BNB’s price plummeted below $220. This decision was in accordance with a governance proposal passed by Venus in November

Shibarium Pledges $2 Million Insurance Coverage to Reassure Community Members
9 months ago 2 mins read

Shibarium Unveils $2 Million Insurance Fund to Instill Confidence Among Community Members

The highly anticipated launch of Shibarium, a Layer 2 initiative within the Shiba Inu project, has recently stirred chaos and confusion within the crypto ecosystem. Despite the initial challenges faced, the Shibarium team has swiftly taken action and provided a comprehensive update to ease concerns among its community members. Shibarium’s Launch Stumbles but Team Remains Vigilant The launch of Shibarium was met with great anticipation, as it promised to enhance the capabilities and scalability of the Shiba Inu project. However, the launch encountered unexpected obstacles, resulting in disruptions and prompting the system to enter fail-safe mode. Kaal Dhairya, a prominent

XRP and LTC Plunge 17%
9 months ago 1 min read

$XRP and $LTC Drop By Over 17%

In the dynamic world of cryptocurrencies, another significant downturn has shaken the trillion-dollar market, witnessing a drop of over 6% in the past 24 hours. This latest dip has caught the attention of investors and enthusiasts alike, with leading crypto giants Bitcoin (BTC) and Ethereum (ETH) taking a hit and falling below key price levels—BTC dipping below $26,500 and ETH dropping below $1,700. Amid this market-wide decline, Ripple’s XRP and Litecoin (LTC) have emerged as the most prominent casualties, suffering the steepest double-digit losses over the last day. Both XRP and LTC have been dominating the crypto headlines since July,

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