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Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation
13.6.2023
In a recent development, a federal judge in Delaware has ruled in favor of Galaxy Digital, the crypto merchant bank led by Mike Novogratz.
The case pertains to the termination of a $1.2 billion acquisition deal with BitGo. The court dismissed BitGo's lawsuit, stating that Galaxy had a valid basis...
New Report: North Korea's Cyber Army Allegedly Stole $3 Billion in Crypto to Fund Nuclear Program
12.6.2023
North Korea's cyber army has stolen $3 billion in cryptocurrencies, with 50% of the funds being used to fund the country’s ballistic missile program.
According to a recent analysis by The Wall Street Journal, state-sponsored hackers from North Korea have netted more than $3 billion from crypto...
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
12.6.2023
This was Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion
XRP Price Prediction as $1 Billion Trading Volume Comes In – Can XRP 10x From Here?
12.6.2023
The XRP price has risen by 1% in the past 24 hours, recovering to $0.516186 after a weekend in which the exit of market makers from Binance caused altcoin prices to fall by more than 25%.
XRP is now down by 3.5% in the past week but still up by 20% in the last 30 days, with the altcoin having...
SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days
11.6.2023
It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data...
Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion
10.6.2023
The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized finance (defi) sector, with the total value locked...
Fitness App Sweat Economy to Decide Fate of 2.5 Billion Abandoned Tokens
8.6.2023
Move-to-Earn fitness platform Sweat Economy has proposed a governance vote to reassign over 2 billion abandoned SWEAT tokens.
The protocol had assigned billions of SWEAT tokens to users who signed up during its token generation event (TGE).
According to a recent blog post, several users never...
Litecoin Price Pumps to Over $6 Billion Market Cap - Analysts Tip This Utility Coin for Gains Next
8.6.2023
Despite not having been named by the US Securities and Exchange Commission (SEC) as a crypto security in the agency’s double whammy of lawsuits against Binance and Coinbase announced earlier this week, the Litecoin (LTC) price is struggling.
LTC/USD was last changing hands in the $87 area, down...
XRP Price Prediction as $2 Billion Trading Volume Comes In – Can XRP Hit $1 This Week?
8.6.2023
The XRP price has dipped today to $0.521650, representing a drop of 1% as the cryptocurrency market as a whole also falls in the past 24 hours.
However, XRP remains up by 3% in a week and by 22% in the last 30 days, with the altcoin also seeing its 24-hour trading volume remain close to the...
The Bitcoin Rich List: An In-Depth Look at the Largest Bitcoin Wallets in Existence Since 2014
7.6.2023
Over the past decade, several bitcoin wallets have been named the largest in existence. However, since 2021, Binance has controlled the largest bitcoin address, which currently holds 248,597 BTC and is worth approximately $6.66 billion. Just over nine years ago, the largest wallet belonged to...
Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion
7.6.2023
Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitcoin outflows of around 15,438 BTC worth more than...
El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture
6.6.2023
After the massive losses that followed the collapse of the crypto exchange FTX, users lost confidence in lending, custody, and cryptocurrency service providers.
The fear of losing assets, as with FTX, plagues people's minds after the commotion.
Some experts believe it will take a while...
Binance Coin Price Prediction as $1.5 Billion Trading Volume Sends BNB Coin Below $300 – Where is the Next Support Level?
6.6.2023
The Binance Coin price has dived by 8% in the past 24 hours, dropping to $276 following the SEC's opening of legal proceedings against Binance.
This price represents an 11% drop in the past week and a 15% fall in the last 30 days, with BNB up by 12% since the beginning of the year....
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Tether initiates the first phase of billion-dollar funding
6.6.2023
Tether, which is responsible for the fintech platform, tether has initiated the first phase of billion-dollar funding that will go towards a renewable energy project in El Salvador. This is in relation to the backing, as well as furthering sustainable Bitcoin mining. The company will be making...
XRP Price Prediction Following Huge $2 Billion Capital Surge - Can XRP Reach $10 in 2023?
4.6.2023
XRP, the digital asset associated with Ripple, has experienced a significant surge in the capital, with an influx of $2 billion.
This notable increase in investment has sparked speculation about the potential price trajectory of XRP in the coming year.
Investors and enthusiasts are...
Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed
2.6.2023
Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the respective legislation once again. Russian Crypto...
Bitcoin Price Prediction as $15 Billion Trading Volume Comes In – Are Whales Buying?
1.6.2023
In the dynamic world of cryptocurrency, the recent surge in Bitcoin's trading volume, which reached a staggering $15 billion, has captured the attention of market observers.
This substantial increase in trading activity raises questions about the involvement of whales, the influential players...
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
1.6.2023
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...
Tether Stablecoin Recoups Lost Market Value in 2022 Crash, Topping $83.2 Billion
1.6.2023
Tether, the largest stablecoin in the market, has seen its market capitalization hit a new record high, exceeding $83.2 billion.
The stablecoin, which is pegged at one-to-one with the U.S. dollar and is backed by reserves of cash and cash-equivalent assets, has recovered the $20 billion in market...
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
31.5.2023
Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New York Department of Financial Services (NYDFS). Since February 13, 2023, 10.62 billion BUSD tokens have been redeemed thus far. Within the span of...