Crypto News

ZachXBT claims Chinese trader launders millions in stolen funds for North Korea’s Lazarus

October 24, 2024 1 min read

Crypto investigator ZachXBT has raised serious allegations against Yicong Wang, a Chinese over-the-counter (OTC) trader, claiming he has been laundering millions of dollars in cryptocurrency for North Korea’s notorious Lazarus Group since 2022. This hacking group is infamous for its involvement in significant crypto thefts, including a reported $35 million laundered through Cambodia in July and an accusation from the U.S. in October of stealing $879 million. ZachXBT’s investigation suggests

An AI bot turns $50K in Bitcoin in millions in just 4 days

October 23, 2024 3 mins read

Marc Andreessen and Ben Horowitz, the minds behind a16z, recently shared their astonishment over the meteoric rise of a meme coin called GOAT, which skyrocketed from near worthlessness to a staggering market value of $300 million in just four days. This phenomenon was largely fueled by an AI bot named Truth Terminal, created by a developer named Andy, who designed it to engage with the online community. The journey began

Tesla still holds all 11,509 Bitcoin, worth over $776M

October 23, 2024 1 min read

Recent blockchain data indicates that Tesla Inc. continues to hold all of its 11,509 Bitcoin, putting to rest speculation about a possible sale. Last week, Arkham Intelligence, a blockchain analytics firm, reported that Tesla had moved its Bitcoin—worth over $776 million—to new, undisclosed wallets, sparking rumors that the company might be offloading its holdings. However, Arkham later clarified that these transactions were internal wallet reorganizations rather than sales. They explained

Russian influencer faces 10 years in prison for defrauding businessmen of $22 million in a crypto scheme

October 23, 2024 2 mins read

Valeria “Bitmama” Fedyakina, a prominent Russian influencer, is currently facing serious legal trouble, with the possibility of a decade behind bars. She stands accused of swindling $22 million from four businessmen through a fraudulent crypto payment scheme. Initially, there were concerns about treason, but the focus has shifted entirely to economic crimes. Fedyakina allegedly misled these businessmen by offering them crypto services to facilitate cross-border payments, claiming to be an

Ripple co-founder Chris Larsen donates $10 million in XRP to Kamala Harris’s campaign

October 22, 2024 1 min read

Chris Larsen, the co-founder of Ripple, has made headlines again by donating a substantial $10 million in XRP to Kamala Harris’s presidential campaign. This marks his second significant contribution in a short span, following a previous donation of $1 million earlier this month. Larsen is optimistic that Harris will champion technological innovation and advocate for crypto-friendly policies within the Democratic Party, especially as many in the tech sector seem to

Bitcoin Dips Below $66,000: Will it Fall Further?

October 22, 2024 1 min read

The cryptocurrency market is currently facing a slight downturn, with the overall market cap shifting towards a bearish trend. In the midst of this, Coinbase has taken a proactive step by filing a Freedom of Information Act request with U.S. regulators, highlighting the ongoing developments in crypto regulation. Bitcoin, the leading crypto, has experienced a small price decline, dropping about 2.15% in the last 24 hours to around $66,000. Despite

Algorand’s User Base Surges by 34%

October 22, 2024 2 mins read

The Algorand Foundation recently shared its monthly report, highlighting a remarkable increase in user engagement on the platform throughout September. This surge in activity, particularly in Daily Active Users (DAU), was largely attributed to the introduction of Algorand Coinbase Learning Rewards, which launched in mid-September. This initiative helped DAUs soar to around 180,000, marking a significant rise of nearly 34% in Monthly Active Users (MAUs) compared to August. To put

Bitwise chief investment officer Matt Hougan believes Bitcoin (BTC) will hit $100,000

October 21, 2024 1 min read

Matt Hougan, the chief investment officer at Bitwise, is sharing his insights on what could drive Bitcoin’s price to reach $100,000 and beyond. He believes that current macroeconomic trends and on-chain data indicate that Bitcoin is on the verge of significant price increases. Hougan points out that major central banks are implementing more relaxed monetary policies just as Bitcoin’s supply is decreasing due to this year’s halving event, which cut

The NYSE and the CBOE to list options contracts for BTC-based ETFs

October 21, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has given the green light for Bitcoin options exchange-traded funds (ETFs) to be listed on two prominent U.S. exchanges: the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This decision follows the SEC’s recent approval of a rule change from Nasdaq, allowing options on the iShares Bitcoin Trust (IBIT), which has shown promising outcomes. The SEC highlighted that these

Bitcoin dominance surges to 58% as ETF as institutional inflows continue

October 20, 2024 1 min read

This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities

Vitalik Buterin outlines Ethereum’s next phase

October 20, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, recently shared insights about the platform’s upcoming developments, particularly a phase known as “The Surge.” This initiative aims to significantly enhance Ethereum’s transaction capabilities, targeting an impressive 100,000 transactions per second (TPS). To achieve this, the team is focusing on innovative technologies such as rollups, sharding, and Layer-2 (L2) solutions, all while keeping the platform decentralized. Buterin highlighted the pivotal role of rollups, which allow

Investor confidence in Bitcoin is rising, as shown by a surge in new whale wallets

October 19, 2024 1 min read

Bitcoin’s recent price trends and its ability to navigate previous hurdles have sparked a wave of optimism among investors, resulting in a notable increase in the number of large holders, often referred to as “whales.” This growing confidence in Bitcoin’s future is reflected in the significant uptick in whale wallets, as highlighted by Ki Young Ju, the CEO of CryptoQuant. He pointed out that these large investors are rapidly accumulating