Bitcoin’s price surged past the $42,000 barrier, reaching $43,838, breaking through resistance levels at $42,500 and $43,200. Currently, the price is consolidating gains above the $42,500 resistance zone, although bears emerged after it hit the $43,800 mark. In recent on-chain reports, Grayscale deposited 4,419 BTC ($191M) into Coinbase Prime, bringing their total to 124,081 BTC […]

[PRESS RELEASE – SAN FRANCISCO AND SEOUL, United States, South Korea, January 31st, 2024] Deal Marks a Broad Strategic Partnership for Netmarble’s Web3 Arm with a Layer-1 Protocol for technology and go-to-market collaboration in web3 gaming. Saga, a leading Layer-1 protocol and developer ecosystem in web3, and MARBLEX, a gaming-focused blockchain by Netmarble Corp., announced […]

Analysts remain bullish on Solana amid large-scale transactions and recent price dip

… cryptocurrency resulted in the arrest Tuesday of an Oregon man. The investigation reached across the country, and included agencies from multiple …

So, 2023 has been pretty epic for Bitcoin. It’s like Bitcoin woke up and decided to flex its muscles big time. We’re talking a massive leap, over 140% in value – that’s huge! It’s not just about topping traditional rivals like gold; it’s also about leaving other cryptocurrencies in the rearview mirror. Let’s dive into […]

Collapsed crypto exchange FTX expects to repay its creditors fully, its bankruptcy lawyers revealed in court yesterday (Wednesday). However, the customers’ assets will be evaluated based on the fiat value of held crypto assets when the markets were in turmoil at the time of the exchange’s bankruptcy. Full Repayment in the Plans In the court […]

Over the last few years, El Salvador has been making considerable efforts to become Latin America’s crypto hub. Today, two and a half years after adopting Bitcoin as a legal currency in the country, Bitfinex Securities announced the launch of Bitfinex Securities El Salvador S.A., the first platform to offer tokenized securities. Launching The First […]

The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a crypto pyramid scheme that looted $1.89 billion from victims. Australian native Sam Lee allegedly co-founded “HyperFund,” an online investment platform that falsely claimed investors who purchased “memberships” would receive between 0.5% to 1% daily in […]

TL;DR DeFi sector suffers multiple hacks and exploits in January, losing nearly $40 million in crypto assets. Gamma Strategies, Radiant Capital, Socket Protocol, Wise Lending, and Goledo Finance are the affected protocols. Hackers use flash loans, rogue contracts, rounding errors, and input validation flaws to drain funds from the protocols and use Tornado Cash to launder them. The […]

Chris Larsen, co-founder of Ripple (XRP) has seen his personal wallet hacked for 213M (worth over $100M USD at the time of writing). The XRPL blockchain itself was not compromised, as the incident was isolated to Larsen’s wallets despite misinformation circling on X (Twitter). However, the price of XRP is down ~3% over the past […]

Recent data from MarketVector reveals a significant downturn in Bitcoin market volatility

We’re thrilled to announce that Jupiter (JUP) is now available on Kraken! Deposits and withdrawals are live and JUP will start trading on Kraken on January 31. Funding and trading JUP funding is live. Add JUP to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.  Only deposit JUP on Solana. […]

Solana continues to gain market share from Ethereum in several key blockchain segments. The cryptocurrency's mobile apps strategy could be the key to …

Announced today, Tether, the leading stablecoin issuer, has emerged with a robust balance sheet showcasing ownership of over $2.8 billion in Bitcoin. The information comes to light following an audit conducted by BDO, a renowned auditing firm, as detailed in the official auditor’s report. The audited report provides a comprehensive analysis of Tether’s financial standing, […]

Top US crypto exchange Coinbase is listing another Solana-based (SOL) altcoin as the Ethereum (ETH) rival’s ecosystem heats up. In a new announcement, Coinbase says it is adding Render (RNDR) to its “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets. Render is an image-synthesizing ecosystem consisting of distributed […]

Former Goldman Sachs executive Raoul Pal says the strength of the crypto market’s bull run could depend on one key factor. In a new interview with Pomp Investments founder Anthony Pompliano, Pal says the crypto market could soar this cycle with an increase in real-world blockchain use cases. He also says that re-engagement by past […]

Pendle, known for tokenizing and trading future yield, has reached a new milestone as its native asset surges to an annual high of $2.791.  The protocol’s developers facilitated this surge by depositing millions of PENDLE tokens to the Binance exchange. Two wallets, likely owned by investors in Pendle, deposited 477,211 PENDLE ($1.27M) at an average […]

After encountering a significant rejection at the $48K resistance level, Bitcoin has recently discovered support near the crucial 100-day moving average, prompting a slight retracement. However, if a pullback materializes, the most likely scenario would involve a renewed bearish leg, targeting significant support at $38K. Technical Analysis By Shayan The Daily Chart Upon analyzing the […]

According to a recent CoinGecko report, Binance, the world’s largest centralized exchange (CEX) by trading volume, has retained its market leadership position in 2023.  Despite facing increased regulatory scrutiny and undergoing significant leadership changes, Binance maintained a market share of 43.7% and saw its spot trading volume rise to $427.1 billion in December 2023, representing […]

Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen. “In terms of financial performance, the fourth […]

German authorities have made a record-breaking seizure of approximately €2 billion in Bitcoin

George Osborne has been hired as an adviser to Coinbase as the American cryptocurrency exchange seeks to expand in the face of mounting regulatory …

TL;DR Ripple hack: 213 million XRP ($112M) stolen, triggering concerns and illicit transactions. Impact on XRP: XRP price falls to $0.5070, aggravating bearish trend with -19% in 30 days. Larsen Confirmation: Chris Larsen confirms unauthorized access, takes quick action and cooperates with authorities. In a surprising turn of events, blockchain payments firm Ripple has been […]

After a brief shift into ‘Greed’ territory, the Fear & Greed Index has returned to ‘Neutral’ as Bitcoin and most top altcoins experience slight declines. Pyth Network (PYTH) has seen a 30% increase in its token price, buoyed by its integration of traditional financial data with decentralised technology and several key developments. Ethereum-based Gnosis (GNO) […]

Ouinex, an upcoming cryptocurrency exchange, is strengthening its regulatory position before launch as it recently received a Virtual Asset Service Provider (VASP) registration from the Polish Financial Supervision Authority (KNF), Finance Magnates has learned. Ouinex’s First Regulatory License The Polish license is the first regulatory authorization obtained by the company, which is days ahead of […]

Amid the recent rally that Bitcoin (BTC) experienced at the start of the week, several well-known cryptocurrency analysts seem to be bullish about the largest crypto asset, delivering multiple positive predictions for BTC in the short and long term. Bitcoin Poised To Hit The $60,000 Price Mark One of the famous crypto analysts who has […]

Yesterday, API3 made headlines as one of the top daily gainers on Binance, experiencing a remarkable surge of over 17%.  The impressive performance of API3 extends beyond the daily gain, with a 28% increase in the past 7 days. Also, a 58% rise in the past month, and an astounding 142% gain over the last […]

Alex Chriss, the CEO of payment company Paypal, announced to the staff on Tuesday that an additional 9% of the workforce, approximately 2,500 positions, will be cut. The development follows PayPal’s decision to reduce its headcount by around 2,000 in January of the previous year. Paypal Further Reduces Workforce In a letter, the newly appointed […]

Popular cryptocurrency analyst explains why SHIB may be targeting surge to $0.011 price level

Hong Kong's privacy watchdog has raided six premises linked to a cryptocurrency company which requires an eye scan from clients for identification …

The rise in interest in digital assets has led to a significant increase in crypto sponsorships aimed at enhancing and nurturing brand loyalty among crypto enthusiasts. These strategic alliances boost visibility and build trust in this ever-changing sector. The panel titled “Beyond Traditional: Crypto Sponsorships & NFT Integration” during November’s Finance Magnates London Summit (FMLS23) […]

On-chain data shows the Bitcoin miners have been selling recently, but this quant has argued that this selloff shouldn’t have much impact on the market. Bitcoin Miner Reserve Has Registered A Decline Recently In a CryptoQuant Quicktake post, an analyst discussed the latest selling pressure that the miners have been putting on the market. The […]