Bitcoin’s 22% correction from all-time highs has led AVAX to trade near the critical $30 support level, instilling fear among holders. Curious about the reasons behind this behavior? Let’s examine the details. AVAX Is Trading Just Above a Critical Support Level The chart below shows Avalanche’s price action in the …
tether
-
-
This move shows Tether’s commitment to its stablecoin’s integrity amid scrutiny and security challenges. MistTrack, a crypto-tracking platform by SlowMist, spotted the activities. It reported that Tether had frozen the USDT funds across 12 addresses. SlowMist’s Chief Information and Security Officer, 23pds, also confirmed the freeze. “It looks like Tether …
-
The movement of stolen cryptocurrency from the Poloniex hack in November 2023 is far from over. Although Poloniex claimed to have identified the attacker weeks later and offered a $10 million reward, the stolen funds were never returned. In the latest development, PeckShield, a blockchain investigation company, found that more …
-
Tether and RAK DAO Join Forces to Boost Bitcoin and Stablecoin Education in UAE
by Qadir AKby Qadir AKAmid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah. In 2024, the Middle East saw a significant rise in cryptocurrency adoption, with the average daily number of traders reaching 500,000, marking a …
-
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion in illicit funds using the sanctioned crypto mixer. Pertsev, a 31-year-old Russian living in the Netherlands, was sentenced to 64 months in prison by a Dutch court. His lawyers can appeal the decision within 14 days. Tornado …
-
While the crypto market is far from its March peak, analysts say the fundamentals of the Bitcoin network remain strong. According to the latest Bitfinex Alpha report, Bitcoin’s foundational strength is underscored by key factors like the steadfastness of long-term holders and the plunge in mining difficulty. These factors indicate …
-
Binance, the top cryptocurrency exchange, has made waves by announcing the end of supporting XRP, adding an unexpected twist to the market narrative. Despite this, the XRP price has shown a slight recovery, reflecting the resilience of investors amid these developments. What’s Brewing Behind Binance’s Plan to Drop XRP? Shocking …
-
A Bitcoin selloff may be looming as miners are facing increasing pressure due to a sharp decline in revenue following the April 20 halving which slashed block rewards from 6.25 BTC to 3.125 BTC. On May 13, crypto research firm Kaiko revealed that the recent halving cut the daily production …
-
Crypto Exchange Rain Suffers $14.8 Million Loss; A Real Sophisticated Hack Indeed
by Qadir AKby Qadir AKThe exchange “Rain” which is a prominent cryptocurrency exchange based in Bahrain, was the victim of a devastating hack on April 29, 2024, and lost $14.8 million dollars of BTC, ETH, SOL and XRP worth of crypto. The breach was first reported by the blockchain expert ZachXBT, who said that …
-
Keith Gill, the investor known for sparking the meme stock rally during the pandemic, made a sensational return to social media after three years, igniting a surge in GameStop (GME) and AMC Entertainment (AMC) shares. His reappearance on social platforms, particularly on X, was marked by a post featuring a …