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On February 23, 2024, Axie Infinity co-founder Aleksander Larsen’s personal crypto wallets were compromised, resulting in the theft of 3,248 ETH (approximately $9.7 million). Breach Details Blockchain investigator PeckShield discovered suspicious activity and alerted the community. The stolen funds were sent to Tornado Cash, a crypto mixer, to obscure the transaction history. The attack was…
Coinbase, a leading crypto exchange based in the United States, has denied rumors that the Nigerian government has ordered it to restrict its services to Nigerian citizens. Coinbase CEO’s Statement Coinbase CEO Brian Armstrong addressed the issue in a post on Twitter, clarifying that Coinbase’s services are still operational in Nigeria and that the company…
Dogecoin has been struggling in the crypto market lately, while other altcoins have been surging. As a result, Dogecoin has lost its spot in the top 10 cryptocurrencies by market cap. Tron Overtakes Dogecoin Tron, led by Justin Sun, has been on a bullish run, with its TRX token rising almost 200% since 2023. This…
On February 22, Bitcoin miner Riot Platforms, along with industry groups Texas Blockchain Council (TBC) and the Chamber of Digital Commerce, filed a lawsuit against the Biden administration. The lawsuit targets the US Department of Energy (DOE), the US Energy Information Administration (EIA), and the Office of Management and Budget (OMB). The lawsuit challenges the…
A viral video on TikTok has brought attention to a possible solution for the housing crisis in America: tiny homes. These compact, affordable dwellings, often referred to as accessory dwelling units (ADUs), are gaining popularity as a way to ease the burden of high housing costs. Nathan Graham, the buyer in the viral video, purchased…
Analyst Bullish on Stacks (STX) Cryptocurrency analyst Nicholas Merten is bullish on Stacks (STX), a Bitcoin (BTC) ecosystem altcoin that has surged over 70% in the past two weeks. Merten believes STX could rally exponentially if Bitcoin continues its bull run. Strong Momentum Since November 2022 Merten pointed out STX’s strong bullish momentum since November…
Long-Term Outlook Crypto trader Ali Martinez is optimistic about the future of Polygon (MATIC), an Ethereum (ETH) scaling crypto project. He believes MATIC could appreciate by around 77% to a price last reached in February 2022 if a major support level holds. Martinez sees promising signs for MATIC from a long-term perspective. He identifies a…
The European Central Bank (ECB) officials don’t believe Bitcoin (BTC) has any value as a financial asset, even after the U.S. approval of a spot exchange-traded fund (ETF) for the cryptocurrency. ECB’s Disapproval of Bitcoin In a blog post, ECB director general Ulrich Bindseil and advisor Jürgen Schaaf stated that the U.S. Securities and Exchange…
Key Points: Bitcoin’s price shows signs of a potential bullish breakout. Analyst predicts a near-term surge to $61,000. Bitcoin is currently retesting the Tenkan indicator. A potential drop to $47,300 is possible if the downside breaks out. Bitcoin has entered the second phase of the bull run. Network sees significant investment inflow from investors. Upcoming…
Despite the launch of Bitcoin Exchange-Traded Funds (ETFs) by industry giants like BlackRock and Fidelity, Bitcoin’s price hasn’t shown a significant response. Tepid Performance: Prior to the ETF launch, Bitcoin reached a peak of $49,040 on January 11. Currently, it’s hovering around $51,000, a modest increase of 4.3%. Market observers are puzzled, considering the massive…
