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Bitcoin falls to $55K as crypto liquidations breach $580M
5.7.2024
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
2.7.2024
Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data...
Ripple to unlock 1 billion XRP in the upcoming month
28.6.2024
The Ripple unlocking process has an influential role in the cryptocurrency market. Ripple utilizes the crypto wallets Ripple 24 and Ripple 25 to manage the unlocking of 500 million XRP. They placed the remaining XRP in future contracts scheduled for September 2027, the biggest monthly sale...
2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion
28.6.2024
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users...
Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks
28.6.2024
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher...
Crypto losses to deep fakes could reach $25B in 2024 — Bitget
27.6.2024
Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022
Blast token rallies 40% after $2B airdrop debut
27.6.2024
The native token of the Ethereum layer-2 Blast has rallied following an airdrop in which 17% of the supply was sent to eligible users
CoreWeave expands Core Scientific computing deal by $1.225B
25.6.2024
Core Scientific is well-positioned to take advantage of new opportunities at its mining facilities
From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin
25.6.2024
According to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was directed to the centralized cryptocurrency exchanges Kraken and Coinbase. Bitcoin Wallet Linked to German Police...
Bitcoin ETFs shed $1.3B over 2 weeks amid market slump
25.6.2024
Bitcoin ETFs have seen outflows of $1.3 Bitcoin in the last two weeks of trading, but analysts expect markets to rally higher in the coming months
Market Turbulence Continues as Crypto Outflows Reach $1.2 Billion
24.6.2024
As digital asset markets continue to navigate turbulence, the latest report from Coinshares outlines significant capital outflows, marking a stark shift in investor sentiment. Authored by lead analyst James Butterfill, the findings highlight a consecutive week of outflows totaling $584 million...
Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait
24.6.2024
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start...
Japan’s Metaplanet plans 1B yen bond sale to buy more Bitcoin
24.6.2024
If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million
Top 10 TON Chain Coins Reach $20 Billion in Combined Value
24.6.2024
Over the past month, toncoin (TON) has appreciated by 18.4% against the U.S. dollar, achieving a new all-time high last week. Current data indicates that the top ten TON chain coins, including TON, have a combined value of more than $20 billion. Gaming and Meme Tokens Drive TON’s Market...
Next billion dollar meme coin? MMTR starts its journey to ten figures
21.6.2024
Since its highly anticipated listing, MMTR has been a hot topic in the meme coin market. Despite facing the typical volatility accompanying any new crypto, MMTR is quickly becoming an exciting player. With its recent listing on MEXC and Uniswap on 29th May, following a successful $7.7 million...
UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust
21.6.2024
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets...
Holograph Begins Process to Remove 1 Billion Illegally Minted Tokens, Burns 53 Million HLG
20.6.2024
The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total...
Apple Could Be Fined A Billion Dollars A Day
19.6.2024
Back in March, the European Union brought in new rules that were designed to stop companies like Apple and Google from blocking third-party companies running their own in-app item stores. This was supposed to carve a path for games like Fortnite to be able to return to mobile, now they could...
JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
18.6.2024
JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds...
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
17.6.2024
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since...