Bitcoin News / Bitcoinist - 2 years ago
For months now, ex-SEC enforcement official John Reed Stark has been vocal about his speculation that a US Department of Justice (DOJ) action against Binance is imminent or has already been filed under seal. While these assertions haven’t yet m...
Bitcoin News / Bitcoinist - 2 years ago
The latest data on August 22 shows that the total daily fees generated from Bitcoin Ordinals on the world’s most valuable network have crashed from around $95,000 to $72,000, a 24% drop. The contraction mirrors the general performance of BTC pr...
Bitcoin News / Bitcoinist - 2 years ago
Crypto exchange Binance.US has recently encountered many legal and financial obstacles amid heightened regulatory scrutiny. However, to restore a reliable influx of dollars, the exchange has allied with MoonPay, a payment startup renowned for its par...
Bitcoin News / Bitcoinist - 2 years ago
After weeks of sideways consolidation, Bitcoin suffered a nasty breakdown from its range and a 10% intraday plunge. The scenario, however, could potentially be a whats referred to as a “head fake” — that in the coming weeks reverses back to above $31...
Bitcoin News / Bitcoinist - 2 years ago
EDX Markets, a crypto exchange backed by leading financial institutions, including Charles Schwab and Citadel Securities, has partnered with the digital asset platform and infrastructure provider Anchorage Digital to strengthen its clearing and custo...
Bitcoin News / Bitcoinist - 2 years ago
While most of the crypto market seems to have entered panic mode, one Bitcoin whale has gone on an incredible buying spree. The very young whale has only been here for three months but it now boasts one of the largest BTC holdings in the industry. Ho...
Bitcoin News / Bitcoinist - 2 years ago
The government of Cheongju City, located in the central region of South Korea, is looking to confiscate virtual assets such as Bitcoin from tax evaders. According to a local media report on August 22, the city authorities sought cooperation from seve...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows that Bitcoin long-term holders have continued to hold strong recently as their exchange inflows have remained low. Bitcoin Long-Term Holder Supply Has Set A New All-Time High The “long-term holders” (LTHs) refer to all...
Bitcoin News / Bitcoinist - 2 years ago
Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes after a stark decline in virtual currency trading revenues, emphasizing crypto platforms’ larger challeng...
Bitcoin News / Bitcoinist - 2 years ago
A former supporter of the Bitcoin mining industry and official in several of China’s regional government positions was sentenced by a court in the Zhenjiang Province. Xiao Yi was found guilty of abusing power and accepting over $20 million in bribes...
Bitcoin News / Bitcoinist - 2 years ago
In the Bitcoin space, a new battle is brewing over a proposal which is igniting passionate debates. Bitcoin Improvement Proposal 300 (BIP300) and its accompanying BIP301 introduce a paradigm-shifting concept known as “Drivechain.” This pr...
Bitcoin News / Bitcoinist - 2 years ago
To take action against crypto scams, Thailand is on the brink of unleashing a dramatic move against tech titan Facebook. The Ministry of Digital Economy and Society (MDES) has unveiled a formidable plan to obtain a court-issued shutdown order against...
Bitcoin News / Bitcoinist - 2 years ago
According to a report from Reuters, Sam Bankman-Fried, former CEO and co-founder of the now-bankrupt FTX exchange, has pleaded not guilty to a recent charge accusing him of fraud and conspiracy. This action was taken in the first court appearance of...
Bitcoin News / Bitcoinist - 2 years ago
Shiba Inu and its community have had to endure some difficult periods following the launch of the layer-2 network Shibarium. Despite this, on-chain data suggests many are still bullish on the ecosystem following a series of high-volume transactions. ...
Bitcoin News / Bitcoinist - 2 years ago
Bart Stephens, the co-founder of Blockchain Capital, a prominent venture fund specializing in cryptocurrency investments, has reportedly fallen victim to an alleged SIM swap hack that cost him a staggering loss of $6.3 million worth of digital assets...
Bitcoin News / Bitcoinist - 2 years ago
On August 18, lawyers of disgraced FTX founder Sam Bankman-Fried (SBF) requested that their client only be jailed on weekends and released on weekdays to work on his defense. US District Judge Kaplan has made an order to that effect but it is a far c...
Bitcoin News / Bitcoinist - 2 years ago
Data shows Cardano (ADA) has finally surpassed Polkadot (DOT) to become the number 1 cryptocurrency in development activity. Cardano Has Seen The Most Development Activity In 30 Days In a new post on X, the on-chain analytics firm Santiment has revea...
Bitcoin News / Bitcoinist - 2 years ago
The US Securities and Exchange Commission (SEC) is known for coming down hard on the digital assets industry, including accusing several firms of trading “unregistered securities.” This time around, the regulator has charged a crypto fund with mislea...
Bitcoin News / Bitcoinist - 2 years ago
Friend.tech, the pioneering decentralized social media platform developed by the creators of Stealcam, has taken the digital world by storm in its mere two weeks of existence. This innovative app, built on Coinbase’s Base scaling network for E...
Bitcoin News / Bitcoinist - 2 years ago
In a recent analysis titled “2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving,” Blockware Intelligence delves into the intriguing possibility of Bitcoin’s price reaching $400,000 during the...
Bitcoin News / Bitcoinist - 2 years ago
Following the abrupt halt in operations due to unanticipated high traffic immediately after its mainnet launch, the layer-2 network of Shiba Inu, Shibarium, is reportedly making its way towards a public relaunch tomorrow. The details were revealed in...
Bitcoin News / Bitcoinist - 2 years ago
For the first time since early January, Bitcoin is changing hands below a critical support band and the 20-week moving average, evident in the weekly chart. An analyst on X, formerly Twitter, pointed out this formation and has since raised questions...
Bitcoin News / Bitcoinist - 2 years ago
The total value locked (TVL) in Starknet, a layer-2 scaling solution for Ethereum using ZK-Rollup, is down nearly 50%, L2Beat data on August 21 shows. At this pace, the contraction in Starknet’s TVL is among the fastest in the layer-2 scene and...
Bitcoin News / Bitcoinist - 2 years ago
In a recent court filing on Sunday, bankrupt cryptocurrency exchange FTX disclosed that it had revised its motion for settlement after facing objections from the US Trustee. Despite criticizing the US Department of Justice (DOJ) representatives for...
Bitcoin News / Bitcoinist - 2 years ago
The crypto market was thoroughly shaken up last week when the prices of assets in the space crashed rapidly. As a result, over 170,000 traders lost their positions, amounting to more than $1 billion in losses. However, not all crypto traders suffered...
