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US Spot Bitcoin ETFs secure continued inflows, totaling over $241 million
21.5.2024
US spot Bitcoin traded funds witnessed an additional day of net inflows, raking in $241.12 million. This has been the case for the past six days in a row, taking place after March. The spot Bitcoin ETFs from companies such as Ark Invest and 21Shares contributed $68 million, while BlackRock’s...
GALA token drops 15% after $200 million security breach at Gala Games
21.5.2024
In a significant blow to the blockchain gaming sector, Gala Games has reportedly lost over $200 million in a potential exploit, resulting in a sharp 15% decline in the value of its native token, GALA. Gala Games’ security team disclosed the incident in the early hours of May 20 after detecting...
Gala Games Hit by $23 Million Token Exploit Due to ‘Messed Up’ Internal Controls
21.5.2024
Gala Games, a prominent blockchain gaming platform, experienced a significant security breach attributed to "messed up internal control" that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million.
The post Gala Games Hit by $23 Million Token Exploit Due...
Crypto Exchange Bybit Reaches 30 Million Registered Users Around the Globe
21.5.2024
Cryptocurrency exchange Bybit has announced that it has surpassed 30 million registered users globally, marking a significant milestone in its growth. The company’s market share in spot trading has increased from 2% in 2023 to 9.3% in 2024, according to the latest Kaiko Research quarterly...
Darknet Drug Dealer ‘Pharaoh’ Accused of Facilitating $100M in Crypto Sales Arrested in New York
21.5.2024
Taiwanese national and darkweb drug dealer Rui-Siang Lin, who allegedly made more than $100 million in cryptocurrency sales of illegal narcotics, has been arrested by U.S. authorities.
The post Darknet Drug Dealer ‘Pharaoh’ Accused of Facilitating $100M in Crypto Sales Arrested in...
CPI report spurs $932M inflows into crypto investment funds
20.5.2024
Digital asset investment funds attracted $932 million in weekly inflows, according to CoinShares data
XLink Partners with Kaamel Technology to Investigate $10M Security Breach
20.5.2024
XLink has announced a partnership with cybersecurity firm Kaamel Technology, which aims to thoroughly investigate the 'root cause' of a data breach incident on May 15, involving nearly $10 million of user funds.
The post XLink Partners with Kaamel Technology to Investigate $10M Security Breach...
Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews
BlockDAG’s Innovative Dashboard Boosts Confidence, Eyes $30 Target by 2030, Overshadows Bittensor & TRON Bullish Trend
20.5.2024
BlockDAG‘s strategic initiatives have significantly elevated its profile in the cryptocurrency market, attracting a growing number of investors. By earning a remarkable $28.6 million as its presale reached batch 13, BlockDAG showcases the effective allure of its innovative Dashboard, which...
Dogecoin Price Prediction as $700 Million Floods In – $1 DOGE Possible in June?
20.5.2024
The Dogecoin price has fallen by 1% in the past 24 hours, dropping to $0.1522 on a disappointing day for the cryptocurrency market as a whole.
The post Dogecoin Price Prediction as $700 Million Floods In – $1 DOGE Possible in June? appeared first on Cryptonews
Digital Asset Investment Products See Inflows of $932 Million in Response to CPI Report
20.5.2024
Digital asset investment products experienced substantial inflows totaling $932 million for the second week.
The post Digital Asset Investment Products See Inflows of $932 Million in Response to CPI Report appeared first on Cryptonews
TON cryptocurrency NOTcoin Bottoms Around $0.0054 As Miners Book Profits, Whales Circle
20.5.2024
TON cryptocurrency NOTcoin, the brainchild of co-creator Sasha Plotvinov, launched on major centralized exchanges on 16 May last week to much fanfare – where is the coin price headed next?
The post TON cryptocurrency NOTcoin Bottoms Around $0.0054 As Miners Book Profits, Whales Circle appeared...
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
20.5.2024
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened...
LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially
20.5.2024
LayerZero Labs has identified a total of 800,000 addresses as potential sybil addresses, rendering them ineligible for the full token allocation.
The post LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially appeared first on Cryptonews
Solana Leads with 91M Daily Transactions, Surpasses Ethereum: CoinGecko Report
19.5.2024
Solana has proven to be the fastest among large blockchains, processing a staggering 91 million transactions in a single day.
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BlockDAG dominates after dashboard update, securing $28 million in presale, while Cardano and Shiba Inu show promise
19.5.2024
As the crypto market shows signs of recovery, Cardano and Shiba Inu are both poised for potential growth, buoyed by positive forecasts and new network enhancements. Amidst these promising developments, BlockDAG has been recognized as one of the most promising investments in the cryptocurrency...
Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Hold Until 100x
18.5.2024
Pavel Durov, the founder of Telegram, has received a generous donation from over half a million players of the viral Telegram-based clicker game called Notcoin.
The post Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Hold Until 100x appeared first on Cryptonews
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...
‘Big Short’ Investor Michael Burry Goes Hard on Gold, Invests $10 Million in Q1
18.5.2024
Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. According to regulatory filings, Burry’s Scion Asset Management purchased over 440,000 Sprott Physical Gold Trust units, a closed-end fund that...