A massive Bitcoin heist from December 2020 has just been exposed, making it the biggest crypto hack in history. According to Arkham Intelligence, hackers stole 127,426 BTC from LuBian, a Chinese mining pool. The stolen Bitcoin was worth $3.5 billion at the time. Due to Bitcoin’s price surge, those assets are now valued at $14.5…
The US is intensifying its regulatory efforts to become a global leader in cryptocurrency and blockchain technology. These efforts align with President Donald Trump’s vision of establishing America as the central hub for the crypto sector. SEC Takes Crypto Tour to Rewrite Digital Asset Rulebook On August 1, the US Securities and Exchange Commission (SEC)…
Interest in XRP is cooling off, with key on-chain metrics signaling potential short-term weakness ahead. With waning bullish sentiment across the broader market, these factors suggest a likely deeper price decline for XRP in the coming trading sessions. XRP Traders Are Tapping Out: $222 Million Exit Signals Fear XRP’s falling Estimated Leverage Ratio (ELR) on…
Industry experts have raised concerns about the tactics allegedly employed by US banks to stifle the growth of major crypto platforms such as Coinbase and Robinhood. Alex Rampell, General Partner at Andreessen Horowitz (a16z), expressed his concerns in a newsletter on July 31. US Banks Accused of Leading Operation Chokepoint 3.0 Rampell pointed out that…
Pi Network’s latest push for voluntary token lockups has triggered a wave of criticism across its community.The August 2 announcement encouraged Pioneers to lock up their Pi coins in exchange for boosted mining rates. This sparked a swift backlash on social media, particularly on X (formerly Twitter). Pi Network Token Lockup Push The lockup feature…
August has begun on a tricky footing for the crypto market, especially for ‘made in USA’ coins. Trading activity has fallen as investors rush to lock in profits from July’s strong rally. Over the past week, the global crypto market capitalization has slipped by 5%, signaling a drop in demand and a broader market cooldown….
US spot crypto exchange-traded funds (ETFs) stumbled into August with nearly $1 billion in combined outflows, ending what had been a strong run in July. Data from SoSoValue revealed that investors pulled $812 million from 12 US-listed Bitcoin ETFs on August 1. This marked the largest single-day withdrawal in five months and the second-worst for…
Bitcoin has struggled to maintain its upward momentum since reaching a new all-time high of $122,054 on July 14. At press time, the leading cryptocurrency trades around the $113,000 price level, marking a nearly 7.4% decline over the past 19 days. Due to this pullback, the percentage of BTC’s supply in profit has declined, signaling…
The first week of August has kicked off with a slowdown in global cryptocurrency market activity. Over the past seven days, the total market capitalization has dipped by over 5%, reflecting reduced trading momentum and a more cautious investor sentiment across major digital assets. Despite the broader market cooldown, Nigeria’s retail crypto community continues to…
U.S. stock markets saw a staggering wipeout, losing over $1 trillion in market value as soaring inflation and sweeping new trade tariffs triggered widespread investor panic. The Dow plunged 1.2%, the S&P 500 slid 1.6%, and the Nasdaq dropped 2.2%, contributing to the multi-hundred-billion-dollar decline across equities. Against this backdrop, Bitcoin also came under pressure—dipping…