Genesis Global, a subsidiary of Digital Currency Group (DCG) that went bankrupt during the crypto crash last year, is finally starting to pay back its creditors. Big Payout for Creditors The company announced it’s distributing about $4 billion in crypto and cash to creditors, following its Chapter 11 bankruptcy restructuring. Average Recovery: Creditors are expected…
Thousands of Australian crypto wallets have been hacked by scammers! The Australian Federal Police (AFP) uncovered this massive scam as part of their global fight against cybercrime, called Operation Spincaster. How Did It Happen? The hackers targeted several crypto exchanges, exploiting vulnerabilities in their systems. Once inside, they took control of wallets and drained them…
The crypto world took a nosedive recently, with Bitcoin and Ethereum leading the charge. Prices plummeted, causing a ripple effect across the entire market. What Triggered the Crash? The main culprit? A bankrupt crypto lender called Genesis Global Capital. They’re finally paying back their creditors after a three-year wait, and they’re doing it by handing…
Senator Cynthia Lummis, a known crypto enthusiast, has proposed a groundbreaking bill that could make the US government a major player in the Bitcoin world. The Bitcoin Reserve Bill: A Big Bet on Bitcoin Lummis’s bill, known as the “Strategic Bitcoin Reserve Bill,” would direct the US Treasury to buy 1 million Bitcoins over the…
Jeremy Allaire, CEO of Circle, the company behind the USDC stablecoin, believes that stablecoins will slowly but surely take over a significant portion of the global financial market. He compares this to the rise of online video streaming over traditional cable television, a shift that took decades to fully materialize. Stablecoins: A New Era of…
Coinbase, the popular cryptocurrency exchange, has added support for Stader (SD), a platform that lets you earn rewards by staking your crypto assets. This means you can now buy, sell, and trade SD on Coinbase.com and the Coinbase mobile app. Stader’s Journey Stader initially focused on the Terra blockchain but expanded to other networks after…
Big investors are getting ready to buy altcoins, according to CryptoQuant CEO Ki Young Ju. Ju, who has a big following on social media, says whales are placing orders to buy altcoins at specific prices on centralized exchanges. This is a sign that they’re expecting altcoins to rise in value soon. Why are whales using…
Bitcoin has been on a downward slide for the past week, and things don’t look good for the crypto king. A Vital Support Level Lost An analyst at CryptoQuant, abramchat, says Bitcoin has lost a crucial support level at $64,580. This means that many investors who bought Bitcoin in the last six months are now…
A popular crypto analyst believes Bitcoin is poised for a big jump. The Crypto Dog, who has over 800,000 followers on social media, thinks Bitcoin could break through $65,000, triggering a wave of buying from traders who have been sitting on the sidelines. Bitcoin Breakout Could Trigger FOMO “If Bitcoin breaks above $65,000, it’s going…
Bitcoin took a dip recently, falling below $60,000, but a popular crypto analyst thinks it might be ready to bounce back. Buy Signals Everywhere! Ali Martinez, a well-known crypto analyst, spotted some interesting signals on the Bitcoin chart. He’s using a technical indicator called the TD Sequential, which helps predict when a trend might change….
