In the first quarter of 2024, the Web3 space faced significant challenges with $336 million lost to hackers and fraudsters. While this number represents a 23% decrease compared to the previous year, it is still a cause for concern. A report by Immunefi highlighted the vulnerability of Web3 protocols, with almost half of the capital
Tigran Gambaryan, an American citizen working for Binance, has taken legal action against Nigerian authorities, including the National Security Adviser (NSA) Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). This action comes in response to allegations of human rights violations following his detention on Feb. 26 alongside his colleague Nadeem Anjarwalla. As the
After weeks of bearish sentiment causing price dips in the cryptocurrency market, Bitcoin bulls seem to have regained control. The recent surge in interest in Bitcoin is exemplified by the significant inflows into Spot Bitcoin ETFs. Farside Investors reported that on March 27, Spot Bitcoin ETFs received a total of $243 million in inflows. This
The recent surge in net inflows in the spot Bitcoin ETF market has been a welcome change from the previous week’s outflows. The market saw a significant turnaround, with Tuesday recording a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. One of the major contributors to this resurgence was the remarkable
Bitcoin price is currently consolidating gains above the $69,000 support zone, showing positive signs of strength in the market. Despite facing resistance near $71,500, the price is trading above the 100 hourly Simple Moving Average, indicating a bullish trend in the short term. There is a major bullish trend line forming with support at $69,120
The recent arrest of a South Korean civil servant on charges of committing crypto-related fraud and carrying out voice phishing attacks has once again brought to light the concerning trend of illicit activities in the crypto space. The accused, a level six district office official in her 50s, allegedly received money from multiple victims and
Recently, the US Department of the Treasury and the Office of Foreign Assets Control (OFAC) imposed sanctions on the Palestinian news network Gaza Now on March 27. These sanctions were based on allegations that Gaza Now was supporting Hamas, a designated terrorist organization. In addition to sanctioning Gaza Now, the Treasury also targeted several cryptocurrency
In the world of cryptocurrency, attention is often drawn to large transactions made by Bitcoin whales. Recently, the community was abuzz with news of a Bitcoin whale transferring a significant amount of BTC across various wallets. Arkham Intelligence, a blockchain analysis platform, was the first to report on this occurrence through a post on X
In recent times, meme coins have been creating waves in the cryptocurrency market, with DogWifHat (WIF) leading the charge. Over the past week, DogWifHat has experienced an impressive 42% surge, outperforming many other meme coins. This surge is part of a broader rally in the market, with many leading cryptocurrencies also seeing double-digit percentage increases.
The recent criminal charges levied against KuCoin by US authorities have led to a surge in withdrawal requests on the platform. Various on-chain analytics firms have reported a significant increase in withdrawals across different categories of traders, including whales, funds, smart money, and market makers. The allegations against the exchange and its founders include operating