A pre-mined stash of Ethereum, dormant for nearly eight years and now valued at roughly $116 million, has been moved abruptly. This transaction raises questions about potential market implications and whether it could trigger a notable price dip for Ethereum. Eight years ago, during Ethereum’s pre-mine period, the wallet accumulated […]

Bitcoin (BTC) mining companies are employing derisking strategies by offloading BTC to exchanges, according to a market report from Bitfinex. The cryptocurrency trading platform’s latest newsletter addresses the Bitcoin mining sector at length, highlighting a recent surge in miners selling large volumes of BTC to exchanges. This has led to […]

Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by the Bank of the Future (BF) suggests that the troubled crypto lender could likely repay the USD claims if the price of Bitcoin and Ether, the […]

A wallet address containing pre-mined Ethereum worth $116 million moved its entire stash of 61,216 Ether (ETH) to an address on the Kraken crypto exchange after being dormant for eight years. In June 2014, the Ethereum ecosystem conducted a sale event, allowing early team members and co-founders to participate and […]

The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange’s local subsidiary.  On July 19, the Australian Securities and Investments Commission announced the cancellation, which took effect July 14. FTX Australia will still be allowed to provide limited financial services while it […]

In recent trading sessions, Chainlink (LINK) has exhibited a bullish trend. It experienced a significant rebound from its $5 support level and has since continued on an upward trajectory. Over the past week, LINK has surged more than 12%, although its daily chart indicates a slowdown in gains. The coin […]

The ongoing bear market in Bitcoin is the longest in the network’s history, Glassnode data shows. According to trackers, the winter started on November 10, 2021, after prices peaked at over $69,000. As of July 18, 2023, BTC is trading at around the $30,000 level, down by almost 55% from its […]

The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing to show cause.  In a July 14 filing, the Nevada court ordered the appointment of a receiver for Prime Trust following a […]

Binance, the world’s largest cryptocurrency exchange, expressed disappointment and dissatisfaction with the recent complaint filed by the United States Securities and Exchange Commission (SEC), alleging non-compliance issues by the exchange and its affiliated platform, Binance.US. According to Binance, they were taken by surprise by the SEC’s unilateral decision as the […]

According to a report recently released by the International Monetary Fund (IMF), current anti-money laundering (AML) policies are inadequate for effectively dealing with tax evasion in the cryptocurrency industry. The paper emphasized the growth of centralized institutions in the trading of crypto assets, providing tax authorities with a chance to […]