Tether (USDT) Sharks & Whales Rapidly Accumulate, Why This Is Bullish For Bitcoin

On-chain data shows that Tether (USDT) sharks and whales have been rapidly growing their holdings since Bitcoin’s volatility started. Tether Sharks & Whales Grow Holdings As USDT Exchange Supply Plunges According to data from the on-chain analytics firm Santiment, these large Tether holders are now carrying a total of $16 billion worth of the stablecoin. дальше »

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Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuit

Coinbase CEO Brian Armstrong sold $1. 8 million worth of company shares on June 5, according to data from Dataroma, before news of the U. S. Securities and Exchange Commission (SEC) lawsuit against the company tanked its shares by more than 15% on June 6. дальше »

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Ripple losing SEC case can affect Coinbase and Binance, lawyer says

The SEC’s arguments against Coinbase and most of Binance’s litigation would be severely weakened if Judge Torres ruled that XRP tokens purchased on secondary marketplaces are not securities, according to lawyer James Murphy. The SEC claims that Coinbase is acting… дальше »

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Binance CEO Condemns SEC’s Release Of Employee Chat Records

Binance CEO, Changpen Zhao (CZ), has allegedly released an internal letter addressing the recent disclosure of employee chat records by the Securities and Exchange Commission (SEC), according to the Chinese reporter Colin Wu. дальше »

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USDC Introduced on Ethereum’s Layer 2 Scaling Solution Arbitrum

Circle brought its native USDC on Arbitrum, Ethereums leading layer 2 scaling solution, making Arbitrum the ninth blockchain to extend support for USDC, according to Circles official announcement. The newly... дальше »

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Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter. дальше »

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Stablecoin Market Cap Decreases, But Whales Remain Unfazed: Santiment

According to data from leading crypto analytics firm Santiment, a distinct trend has unfolded in the stablecoin sphere. Even as stablecoins designed to maintain parity with a reserve asset like the US dollar, continue to hold their $1 peg, the combined market capitalization of the top five stablecoins – Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD) – has been experiencing a consistent decrease. дальше »

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More Than a Third of Canadian Crypto Traders Have Fallen Victim to Scams, Study Reveals

More than one-third of Canadian crypto owners have fallen victim to cryptocurrency scams, according to a sobering report presented by a Toronto university. The post More Than a Third of Canadian Crypto Traders Have Fallen Victim to Scams, Study Reveals appeared first on BeInCrypto. дальше »

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A big move is coming soon, according to Swissblock

Quick Take Swissblock suggests that a big move is coming across the board due to historic lows in the VIX and BVOL. The VIX is an index representing the market’s expectation for volatility, which is currently priced at 14, which is at multi-year lows. дальше »

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Coinbase to withdraw over 70k staked ETH amid SEC lawsuit

Coinbase accounts for roughly 79% of entities waiting to withdraw their staked Ethereum (ETH) as of June 8, according to Nansen’s dashboard.   The exchange wants to withdraw 70,057 ETH (roughly $129 million) of the 88,121 ETH tokens pending withdrawals as of press time. дальше »

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Bitcoin Is Reportedly Trading At a $2k Premium on Binance.US

According to sources on June 6, Bitcoin is trading at a $2,000 premium on Binance US, an exchange the United States Securities and Exchange Commission (SEC) claims is controlled by Changpeng Zhao and Binance Global. дальше »

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Bitcoin 24-Hour Volatility Soars, Why Bulls Could Win Fight In Short-Term

Bitcoin keeps moving sideways in a tight range as regulatory pressure in the U. S. mounts with two lawsuits against major crypto exchanges. The number one crypto by market cap could yet see crab-like price action, but the bulls could catch a break in the short term, according to an analyst. дальше »

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Just in: US court summons Binance CEO Changpeng Zhao

A US court has issued summons for Binance CEO Changpeng Zhao. He has 21 days to respond although he doesn’t have to appear in person. According to the court document, Zhao’s address has been given as Malta. дальше »

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Centralized Exchange Volumes Hit Record Low, Kraken Outage, Binance.US Faces Difficult Times

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Bitcoin OG Arthur Hayes Believes The “Moon Ain’t Far Away” As BTC Bounces Higher Despite Regulatory Actions

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Binance CEO CZ summoned to appear in District of Columbia court

The U. S. Securities and Exchange Commission (SEC) has ordered Changpeng Zhao, CEO of cryptocurrency exchange Binance, to appear in court, according to a tweet today by Fox Business reporter Eleanor Terrett. дальше »

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Binance US removes 100+ advanced trading pairs amid SEC scrutiny

Embattled crypto exchange Binance US said it would remove advanced trading pairs for over 100 crypto assets and pause its over-the-counter trading portal, according to a June 7 statement. Binance. дальше »

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Blockchain-based Sleap Announces Upcoming Launch Aimed At Revolutionizing The Hospitality Industry

Sleap. io, a Web3-based hotel booking platform, is set to transform the hotel industry through different emerging technologies. According to the Sleap. io team, the launch has been set for sometime later this summer. дальше »

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US district court issues summons for Binance CEO Changpeng Zhao over SEC action

According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta.

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Nansen data shows nearly $600M in outflows at Binance, Coinbase

Binance and Coinbase have cumulatively seen net outflows of $597. 2 million across all protocols during the last 24 hours, according to data from blockchain analytical firm Nansen. A breakdown of the data showed that Binance and its U. дальше »

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Bitcoin Realized Loss Remains Low Despite Volatility, What Does This Mean?

On-chain data shows the Bitcoin realized loss metric has stayed at a low value recently, despite the volatility that the coin has experienced. Bitcoin Realized Loss Continues To Be At A Relatively Low Value According to data from the on-chain analytics firm Glassnode, investors realized just $112 million in losses during the recent plummet in the cryptocurrency’s value. дальше »

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SEC alleges Binance sent Paxos nearly $20B in commingled funds via Merit Peak in 2021

The U. S. Securities and Exchange Commission (SEC) alleged that Binance sent a foreign affiliate of stablecoin issuer Paxos nearly $20 billion of commingled funds in 2021, according to a declaration made by Sachin Verma, an Assistant Chief Accountant of the Commission. дальше »

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Bitcoin Shorts Squeezed As Price Shows Recovery

Data shows the Bitcoin shorts that had amassed after the recent crash have now been squeezed following the recovery in the asset’s price. Bitcoin Shorts Take Beating As Price Shows Sharp Rebound According to data from the on-chain analytics firm Santiment, the funding rate on Binance had become deeply negative after the crash. The “funding […] дальше »

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Bitcoin Contrarians Win As Rebound Occurs Against Crowd Expectations: Santiment

Data from Santiment suggests that the latest Bitcoin rebound took place after most investors had given up on the idea of it happening. Bitcoin Observes Rebound After “Buy The Dip” Crowd Goes Silent According to data from the on-chain analytics firm Santiment, calls for buying the dip had mostly disappeared right before the actual rebound. дальше »

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Polygon Continues To Struggle As MATIC Exchange Supply Spikes

Polygon has continued to struggle during the past day as on-chain data shows the MATIC exchange supply has spiked. Polygon Exchange Supply Spikes As Whale Deposits Huge Stack According to data from the on-chain analytics firm Santiment, a single whale has deposited around $95 million in MATIC to Binance during the past day. The relevant […] дальше »

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Binance US users withdraw $78M amid SEC lawsuit and asset freeze concerns

Crypto traders using Binance US withdrew $78. 48 million on June 7 from the embattled platform, according to DeFillama data, despite assurances that their funds were safe. The total value of tokens held by Binance. дальше »

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Turkish Lira implodes, as Bitcoin and dollar appreciate against it

Quick Take The Turkish Lira continues to collapse against the dollar (23. 5) lira to a dollar. Roughly ten years ago, it was one lira to one dollar. The Turkish Lira experienced a 6% plus depreciation, according to Mohamed A. дальше »

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North Korean hackers behind Atomic Wallet breach, finds intelligence firm

North Korean hacking group could be behind the Atomic Wallet breach. It was found that the stolen crypto has been routed through a mixer, Sindbad.io. According to the blockchain intelligenceThe post North Korean hackers behind Atomic Wallet breach, finds intelligence firm appeared first on AMBCrypto. дальше »

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SBF upset by criminal trial's late evidence while FTX seeks sale of AI stock

Over 3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried, according to his lawyers. дальше »

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Atomic Wallet Hack: Stolen Crypto Moved Through Mixing Service Linked To North Korean Hackers

According to blockchain analysis firm Elliptic, stolen assets from the latest Atomic Wallet hack have been moved through a mixing service. While mixers and blenders aim to provide privacy for legitimate crypto users, they are also commonly abused by hackers and scammers to hide stolen funds. дальше »

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Bitcoin Crash To $25,800 Sends 6.5% Of Supply Into Loss

On-chain data shows yesterday’s Bitcoin crash from $27,300 to $25,800 alone sent 6. 5% of the supply into a state of loss. Bitcoin Supply In Profit Shrunk Down To 62. 5% Following The Price Plunge According to data from the on-chain analytics firm Glassnode, a further 1. дальше »

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Louis Vuitton To Release $42,000 Physical-Backed NFTs

According to a Vogue Business, the collectibles are being sold as soulbound tokens, meaning they are non-transferable once purchased. дальше »

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Crypto law firm Gresham advises against US presence, cites unfavorable regulatory environment

Crypto law firm Gresham International has advised crypto firms not to have a presence within the United States, considering the country’s regulatory posture towards the industry, according to a June 6 press statement shared with CryptoSlate. дальше »

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Swift exploring blockchain interoperability for tokenised asset settlements

Swift has announced that they are collaborating with their global community to explore blockchain interoperability for seamless tokenized asset settlements. According to Swift, institutional investors are increasingly considering investments in tokenised assets as they seek alternative investments. дальше »

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The Adoption of Cryptocurrencies in Arab Nations: Examining Saudi Arabia’s Recent Move

As governments look for alternatives to established financial institutions in an interconnected world, the rise and use of cryptocurrencies have accelerated. According to recent reports, Saudi Arabia, a significant Arab country, is seeking to join the BRICS New Development Bank (NDB). дальше »

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Binance Lawsuit Triggers $700M in Withdrawals; Metaverse Tokens Named by SEC Lead Decline

The unprecedented withdrawals only reflect a small amount of Binance's reserves, according to data from CryptoQuant. дальше »

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Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

Stolen crypto from Atomic Wallet users are already on the move to mixers according to Elliptic.

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First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

ALSO: Lido’s stETH token has become the seventh largest token by market cap, right ahead of Cardano and just behind XRP, according to data from CoinGecko. What's behind its ascent? дальше »

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Genesis granted plan extension; judge says FTX can’t take part in mediation

A judge in Genesis’ bankruptcy case has extended the date by which the company must file a recovery plan, according to a June 5 filing. Genesis receives a plan extension Genesis is currently in bankruptcy proceedings. дальше »

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Bitcoin Current Position Is Sensitive, Glassnode Explains Why

Data from Glassnode shows that the current Bitcoin price is where the cost basis of a large number of coins lies. Here’s what this means. 780,000 BTC Was Acquired Near The Current Spot Prices According to data from the on-chain analytics firm Glassnode, 4. дальше »

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Crypto Exchange Inflows Remain Low, What Does It Mean?

On-chain data shows the exchange inflows across the crypto market have remained low recently. Here’s what this trend might mean. Exchange Inflows Of Major Crypto Assets Have Been Subdued Recently According to the on-chain analytics firm Glassnode, exchange inflows across the major assets are currently near cyclical lows. дальше »

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Binance, CZ Sued by SEC; A ‘Calculated Evasion of the Law’

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the worlds largest cryptocurrency exchanges, and its CEO, Changpeng CZ Zhao, according to an... дальше »

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SEC sues Binance in US district court for unregistered securities operations

According to the regulator, Binance failed to register as a securities exchange and operated illegally in the United States.

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VanEck Says This Is When Ethereum (ETH) Will Reach $11,800

In a new report released by global investment manager VanEck, Ethereum (ETH) takes center stage as the cryptocurrency with immense growth potential. According to VanEck’s analysis, they predict that the price of ETH will hit $11,800 by the year 2030, positioning it as a formidable competitor to traditional US Treasury bonds. This projection has caught […] дальше »

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Ethereum Bearish Signal: Profit-Taking Transfers Spike

On-chain data shows the Ethereum profit-taking transactions have surged recently, a sign that could be bearish for the asset’s price. Ethereum Profit-Taking Volume Has Spiked To Highest Levels Since January According to data from the on-chain analytics firm Santiment, a large amount of profit-taking seems to have been going on in the Ethereum market recently. […] дальше »

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Weekend hack sees Atomic Wallet users lose $35 million| what we know so far

Atomic Wallet users have lost more than $35 million in crypto assets in a hack that started on June 2. According to a tweet posted by the company in the early hours of Monday, at least 1% of monthly users have so far been impacted. дальше »

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Cardano Sees More DeFi Expansion with MuesliSwap Aggregator's New Integration

This move comes as Cardano overtakes Bitcoin in terms of total value locked (TVL), according to data from DeFiLlama дальше »

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Cryptojacking Volumes On The Rise — Report

According to the “2023 SonicWall Cyber Threat Report”, 139. 3 million cryptojacking attempts were recorded in 2022 compared to 97. 1 million in 2021, a 43% year-over-year increase. The observed attack volumes exceeded the 100-million mark for the first time. дальше »

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Bitcoin ATMs Witness Surge In Numbers For The First Time In 2023

The global count of Bitcoin ATMs has witnessed a notable increase over the past month, reaching a new peak of over 35,000 operational machines, according to the latest data from Coin ATM Radar. A Resurgence In Bitcoin ATMs In May This figure of 35,069 ATMs reflects a significant surge after hovering below the 34,000 mark […] дальше »

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Russian official detained for accepting record bribe of $28M BTC

According to a local news report, Russian official Marat Tambiev is accused of accepting Bitcoin (BTC) worth $28 million as a bribe from the hacker group he was investigating. This is the largest recorded amount received in a single bribery instance in Russia, as per the report. дальше »

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