August 2024

BitGo Moves $2 Billion Of Mt. Gox Bitcoin

BitGo Moves $2 Billion Of Mt. Gox Bitcoin

On-chain analysis platform Arkham Intelligence sounded the alarm on Tuesday as $2 billion worth of Bitcoin connected to Mt. Gox moved from a blockchain address connected to crypto exchange BitGo. According to Arkham, a wallet that had received $2.19 billion from the long-defunct Bitcoin exchange began initiating test transactions early Tuesday. The firm said the […]

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Three Arrows Capital Liquidators Sue TerraForm Labs for $1.3 Billion: Report

Three Arrows Capital Liquidators Sue TerraForm Labs for $1.3 Billion: Report

Three Arrows Capital (3AC), the defunct crypto hedge fund, has its liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon. This legal action is part of ongoing efforts to recover funds for 3AC’s creditors following the fund’s collapse. 3AC Liquidators Pursue TerraForm Labs The Three Arrows

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Liquidity Crisis Causes Major Price Slippages During Cryptocurrency Sell-Offs: Kaiko

Liquidity Crisis Causes Major Price Slippages During Cryptocurrency Sell-Offs: Kaiko

The cryptocurrency market is facing a growing liquidity crisis, as evidenced by the significant price slippages observed during recent sell-offs. According to research by Kaiko, the ongoing issue of liquidity fragmentation across crypto exchanges has resulted in noticeable price discrepancies, particularly during periods of market stress. Price Slippage Liquidity fragmentation refers to the uneven distribution

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Shiba Inu (SHIB) Team Issues a Critical Warning: Details

Shiba Inu (SHIB) Team Issues a Critical Warning: Details

TL;DR Shiba Inu investors are being targeted by scammers on Telegram offering fake airdrops and impersonating legitimate entities. Community members are cautioned to avoid scams related to the TREAT token, as it hasn’t seen the light of day yet. Scam Alert Shiba Inu is among the most popular meme coins, boasting one of the biggest

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WhitePool by WhiteBIT Hits Top 15 Mining Pools at Launch

WhitePool by WhiteBIT Hits Top 15 Mining Pools at Launch

[PRESS RELEASE – Vilnius, Lithuania, August 8th, 2024] WhiteBIT, one of Europe’s largest crypto exchanges, has announced the launch of a new product—the WhitePool mining pool. This innovative platform marks a significant step in the development of WhiteBIT ecosystem and opens up extensive opportunities for professional miners. The global cryptocurrency mining market is set for

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PlayFi to Launch Genesis Node Sale Early After 70K Transactions in One Week

PlayFi to Launch Genesis Node Sale Early After 70K Transactions in One Week

[PRESS RELEASE – New York City, New York, August 12th, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live content industry, today announces the upcoming small, exclusive batch sale of Genesis Nodes. While PlayFi’s main Node Sale will take place later in 2024, the recent traction of the testnet – which saw

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Futures Market Data Suggests Ethereum (ETH) Could Rally Soon: CryptoQuant

Futures Market Data Suggests Ethereum (ETH) Could Rally Soon: CryptoQuant

A CryptoQuant analyst says Ether (ETH) could experience a rally soon, as shown by metrics in the cryptocurrency’s futures market. According to a post by the analyst, Shayan, ETH has just witnessed a significant liquidation event, and historically, such occurrences are often followed by price rallies as markets stabilize and spot buying pressure dominates. ETH

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BYDFi Exchange Amid the Meme Coin and Crypto Market Volatility

BYDFi Exchange Amid the Meme Coin and Crypto Market Volatility

The meme coin ecosystem has grown into a billion-dollar market over the years. It owes its meteoric growth to thousands of tokens themed around animals, political figures, celebrities, and other memeable characters. The meme coin frenzy has a ripple effect on the broader crypto market performance. With a market valuation of $2.2 trillion, the industry

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Binance Secured Over $73M in Stolen Funds from Hacks in 2024

Binance Secured Over $73M in Stolen Funds from Hacks in 2024

Binance has announced that its security team has successfully recovered or frozen more than $73 million in user funds from external hacks as of July 31 this year. This latest figure exceeds the roughly $55 million recovered in all of 2023. Binance’s 2024 Security Efforts As per the official press release shared with CryptoPotato, Binance

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