[ad_1] Crypto exchange WazirX has been hit by a wave of suspicious withdrawals totaling $230 million, with a significant portion involving the SHIB token. This development has raised concerns in the cryptocurrency community about the security and integrity of digital asset exchanges. Large Suspicious Withdrawals in SHIB Token WazirX, a prominent crypto exchange, recently reported suspicious withdrawals amounting to $230 million. Notably, around $100 million of these transactions were in the SHIB token. The nature of these withdrawals has prompted scrutiny from both users and regulators, questioning the measures in place to prevent such occurrences. Breakdown of Suspicious Withdrawals The…
Author: dfrancis36
[ad_1] Formally, Bloomberg Businessweek has apologized to Binance and Changpeng Zhao, co-founder, for a 2022 story that falsely characterized Zhao as the head of a “Ponzi scheme.” Modern Media CL, Bloomberg’s publisher, issued a public apology in their 250th edition, indicating a great determination to right previous mistakes and improve journalistic standards. Bloomberg Says Sorry To Binance Zhao filed a lawsuit against Bloomberg after the divisive story had significant effects. He said that the defamatory coverage had encouraged “hate, scorn, and mockery” directed toward Binance, a major participant in the bitcoin market, and him. A big first toward restoring confidence…
[ad_1] NEAR, the native token of the Layer 1 (L1) blockchain Near Protocol, has surged to a one-month high after breaking out of a previous downtrend that saw the token hit a low of $4 on July 5. Currently trading at $5.93, NEAR has recorded a substantial 20% gain over the past week, propelling it to the 19th position among the top 100 cryptocurrencies. This positive momentum has drawn the attention of venture capital firm Pantera Capital, whose Managing Partner, Paul Veradittakit, has shared several reasons for the firm’s bullish stance on NEAR’s protocol and its growth potential. Scalability Solution Amidst…
[ad_1] In a groundbreaking move within the cryptocurrency space, Kraken, one of the largest crypto exchanges, has paid Dave Portnoy in Bitcoin for a sponsorship deal. This development highlights the growing acceptance and use of cryptocurrencies in mainstream media and business. Kraken’s Innovative Sponsorship Deal Kraken’s decision to pay Dave Portnoy, the founder of Barstool Sports, in Bitcoin marks a significant shift in how sponsorship deals are conducted. This deal not only underscores the increasing legitimacy of Bitcoin as a form of payment but also reflects the broader trend of integrating cryptocurrencies into various sectors of the economy. Dave Portnoy,…
[ad_1] United States authorities are looking at seizing some $2.5 million in crypto from foreigners involved in “pig butchering,” a type of cryptocurrency theft. The US Attorney’s Office for the District of Columbia has now filed a civil forfeiture case to get the money back. Scammers used fake investment plans to target people who didn’t know what was going on. This scam used fictitious investment plans to target unsuspecting individuals. Tearing Apart The Pig Butchering Scheme This type of swindling tactic involves con artists posing as possible love partners to entice victims into funding dubious bitcoin projects. The fraudsters vanish…
[ad_1] Germany’s recent decision to liquidate $28 billion worth of Bitcoin has raised eyebrows in the crypto community and sparked debates over the legal and economic implications of such a massive market intervention. This article delves into the details of Germany’s move, the legal justifications, and its impact on the Bitcoin market. The Bitcoin Liquidation Move On July 18, Germany announced its plan to sell $28 billion worth of Bitcoin. This move has been characterized by many as a significant market intervention. The liquidation involves Bitcoins seized from various criminal activities, including drug trafficking and money laundering. While the German…
[ad_1] The marketing lead of Shiba Inu, Lucie (@LucieSHIB), announced today, July 18, the upcoming full integration of the Shiba Eternity game with the Shibarium blockchain. Shared via a post on X, Lucie stated, “THIS IS BIG FOR Shibarium & BONE & SHIB. To play this game, you will need to own a Shiboshi, and later, Sheboshis will be utilized. Shiba Eternity will fully integrate with the Shibarium blockchain, changing digital gaming and ownership.” First Game To Fully Run On Shiba Inu’s Shibarium Shiba Eternity, which launched in October 2022, is set to transition entirely onto the Shibarium platform, utilizing…
[ad_1] A closely followed crypto analyst says that one altcoin that has seen gains of over 120% in two weeks is gearing up to continue its upward momentum. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,800 followers on the social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) looks primed to skyrocket once again. “Was going to buy and then stepped out for 30 minutes. When you see price action like this after a big run, another leg up is coming. DYM.” Source:Altcoin Sherpa/X According to the trader’s charts, he believes DYM will…
[ad_1] Bitcoin is steady when writing, floating above immediate support levels and inches away from reclaiming the all-important local liquidation line at around $66,000. Even as the broader crypto community expects buyers to step in and push prices higher, there are exciting developments that buttress this outlook. Billions Worth Of BTC Pulled From Exchanges According to exchange data shared by one analyst on X, BTC holders increasingly pull their coins from exchanges. On July 5, when prices tanked, pushing the world’s most valuable coin close to $50,000, a staggering $3.8 billion BTC was moved from exchanges. BTC moving from exchanges…
[ad_1] Haruko, a prominent player in the cryptocurrency and blockchain industry, has successfully raised $6 million in a new funding round to support its ambitious growth plans in Asia. This significant investment will enable Haruko to expand its operations and capitalize on the rapidly growing interest in digital assets across the region. Haruko’s Expansion Strategy The funding round, led by prominent investors, underscores the confidence in Haruko’s vision and strategy. The company plans to use the capital to enhance its technology infrastructure, hire key personnel, and establish partnerships with local entities. This expansion will allow Haruko to provide more robust…