Category: Crypto
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Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
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Phishing scammers have made over $300 million through EVM chains by targeting around 260,000 victims, according to data compiled by Scam Sniffer. The first half of 2024 was another lucrative period for phishing scammers as they stole $314 million worth of cryptocurrencies, a 6.44% increase compared to 2023, according to…
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Crypto scammers stole nearly $60m from 20 victims in H1 2024, data shows
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Phishing scammers have made over $300 million through EVM chains by targeting around 260,000 victims, according to data compiled by Scam Sniffer. The first half of 2024 was another lucrative period for phishing scammers as they stole $314 million worth of cryptocurrencies, a 6.44% increase compared to 2023, according to…
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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Long summary Bitcoin has dropped below $55,000, now trading at $54,200, likely influenced by several factors. The market crash resulted in $670 million in liquidations, with the largest liquidation request occurring on cryptocurrency exchange Binance. The flagship cryptocurrency continues its free fall, dropping below the $54,000 level today (July 5).…
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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Long summary Bitcoin has dropped below $55,000, now trading at $54,200, likely influenced by several factors. The market crash resulted in $670 million in liquidations, with the largest liquidation request occurring on cryptocurrency exchange Binance. The flagship cryptocurrency continues its free fall, dropping below the $54,000 level today (July 5).…
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Pro-Crypto Champion: US Lawmaker Backs Trump’s Stance On Digital Currency Expansion
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In apparent agreement with former President Donald Trump’s changing views on cryptocurrencies, US Congressman and Chairman of the Arkansas Digital Assets Subcommittee French Hill has confirmed that Support Some see the FIT21 bill as the kind of regulatory framework Trump would likely support if reelected. French Hill Doubles Down on…
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Analyst Predicts Ethereum Nosedive, Cautions Investors To Prepare For $2,700 Target
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Amid the ongoing bloodbath in the cryptocurrency market, the value of Ethereum (ETH), the second-largest cryptocurrency by market cap, has fallen. Market valueETH was not spared. Over the past week, ETH saw a massive 9% price drop, taking it to $3,130. While market participants are closely monitoring the situation, the…
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Analyst Predicts Ethereum Nosedive, Cautions Investors To Prepare For $2,700 Target
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Amid the ongoing bloodbath in the cryptocurrency market, the value of Ethereum (ETH), the second-largest cryptocurrency by market cap, has fallen. Market valueETH was not spared. Over the past week, ETH saw a massive 9% price drop, taking it to $3,130. While market participants are closely monitoring the situation, the…
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Bitcoin’s quick dip below $57k forces beginners to capitulate, CryptoQuant says
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As Bitcoin price drops below $57,000, concerns have been mounting among investors about potential market volatility and its impact on miners. On Thursday morning, speculators continued their selling pressure, forcing Bitcoin (BTC) below $57,000 for the first time since February. At the time of writing, Bitcoin is trading above $57,000,…
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Bitcoin’s quick dip below $57k forces beginners to capitulate, CryptoQuant says
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As Bitcoin price drops below $57,000, concerns have been mounting among investors about potential market volatility and its impact on miners. On Thursday morning, speculators continued their selling pressure, forcing Bitcoin (BTC) below $57,000 for the first time since February. At the time of writing, Bitcoin is trading above $57,000,…
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US Bitcoin ETFs See $20.45M Outflow: Nine Funds Remain Flat
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US-based bitcoin exchange-traded funds saw net outflows of $20.45 million on Wednesday. Interestingly, only two of these funds showed activity amid the market uncertainty. Grayscale’s GBTC fund saw outflows of $26.99 million, while Fidelity’s FBTC fund made a gain of $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s…
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US Court Orders Hedge Fund Owner To Pay $84 Million
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In the crypto world, a federal judge in Chicago has ordered Oregon resident Sam Ecorti and his related companies to pay more than $120 million to victims of what the Commodity Futures Trading Commission (CFTC) described as a “Classic Ponzi scheme.” The ruling, issued by Judge Mary Rowland on July…
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Bitcoin Completes 9th Test Of $60,000, Where Does Price Go From Here?
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Bitcoin (BTC) Bitcoin has completed its ninth test of the $60,000 support level, signaling a potential reversal in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces major moves ahead, specifically The direction of this momentum Decisive. Bitcoin Retests $60K Support Level for Ninth Time In X (formerly Twitter)…
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A Billion-Token Heist And The Aftermath
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The cryptocurrency and blockchain space is no stranger to high-profile security incidents, and recent events 3D image The hack has once again brought the issue of chain security into the spotlight. The attack, orchestrated by a former contractor of the protocol, resulted in the minting of a staggering 1 billion…
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Bitcoin rally hinges on rate cut, Bitfinex exec says
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Macroeconomic uncertainty in the US has pushed Bitcoin to a two-month low, but slowing inflation suggests monetary policy could soon boost risk appetite. Bitcoin (BTC) price fell below $57,000 after the US Federal Reserve minutes confirmed that interest rates will remain at their current levels until economic data justifies more…
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Are Bitcoin Miners Capitulating Amid the Drop Below $60K?
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The Bitcoin network is showing some signs of miner capitulation. This phase is characterized by miners either stopping work or selling a portion of their Bitcoin reserves. Interestingly, this process has historically been associated with Bitcoin prices hitting bottom, after which the asset is expected to resume its much-needed upward…
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Polkadot Pulls A Prank? Rebrand Sends Crypto Twitter Into A Frenzy
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The crypto world is never short of drama, but Polkadot, the ambitious blockchain protocol that aims to reshape Web 3, has managed to stir up controversy in an unexpected way recently. This time, it wasn’t a groundbreaking technological achievement, but a social media post that sent shockwaves through the industry…
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Polkadot Pulls A Prank? Rebrand Sends Crypto Twitter Into A Frenzy
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The crypto world is never short of drama, but Polkadot, the ambitious blockchain protocol that aims to reshape Web 3, has managed to stir up controversy in an unexpected way recently. This time, it wasn’t a groundbreaking technological achievement, but a social media post that sent shockwaves through the industry…