On-chain data recently revealed that Ripple has conducted its monthly escrow unlock for May. This news has sparked concerns among investors regarding how this action could potentially impact the price of XRP, especially given the accusations of price manipulation that Ripple has faced. In May, 500 million XRP tokens were unlocked from Ripple’s escrow, which
In a recent announcement, Bitcoin mining firm Riot Platforms revealed a remarkable net income of $211.8 million for the first quarter of 2024. This represents an astonishing 1,000% increase compared to the same period last year, showcasing the company’s significant growth and success in the cryptocurrency mining industry. Revenue Falls Short of Analyst Estimates Despite
Bitcoin has recently broken below the $60,000 support level for the first time in two months. This comes after a period of euphoria surrounding the world’s largest digital asset, particularly following the launch of Spot Bitcoin ETFs in the US market. According to a report from Glassnode, an on-chain analytics firm, the euphoria phase that
Arweave (AR), a token for the storage coin project, has experienced a significant 18.7% drop in value overnight amidst a broader market crash that saw Bitcoin’s price decrease by 7%. This decline has left Arweave trading at $27.76, marking a 7-day loss of 18.1%. The sudden crash appears to have begun within the last 24
The recent statement by former Binance CEO, Changpeng Zhao, sheds light on the evolving nature of the crypto industry. Zhao emphasized the importance of compliance in the sector, marking a significant shift in focus. This comes in the wake of his own legal troubles and the heightened regulatory scrutiny faced by major crypto entities globally.
Bitcoin (BTC) has recently experienced a notable drop, plummeting to $56,556 in European markets on a Wednesday morning. This decline represents the steepest monthly decrease since November 2022, with BTC falling approximately 7.5% within the past 24 hours and breaking through the previously stable support level of $60,000. Financial markets are now on edge as
Decentralized finance (DeFi) has been a hot topic in the world of cryptocurrency, with various protocols emerging to offer lending services. However, the recent exploit of Pike Finance’s smart contract has brought attention to the vulnerabilities that exist within the DeFi space. The exploit led to the theft of $1.6 million in funds over a
The recent explosion in the price of the SBF token, inspired by Sam Bankman Fried-themed Solana meme coins, has taken the crypto market by storm. The viral AI-generated memes featuring Sam Bankman Fried on X have attracted the attention of retail investors, particularly after the FTX disaster. The current market price of SBF token stands
The case of Victoria Jacobs, also known as Bakhrom Talipov, serves as a chilling reminder of the dark side of cryptocurrency. Jacobs was recently sentenced to 18 years in prison by a New York State court jury for funding Syrian terrorism through Bitcoin. The Manhattan District Attorney’s office described her as being “fully immersed in
The current price movement of Polkadot (DOT) is indicating bearish signs, particularly below the $8 resistance level against the US Dollar. The price has already dropped below the $7.20 zone and is trading under the 100 simple moving average (4 hours). This downward trend is concerning and could potentially lead to further decline. There is