Crypto News Center

German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure

A “German Government (BKA)” labeled cryptocurrency wallet has sold another $900 million worth of Bitcoin, sparking fears that the related selling pressure will push the BTC price lower.  According to onchain data from Arkham Intelligence, the wallet associated with the German government transferred a total of roughly 16,309 Bitcoin BTC $59,442 in multiple transactions to various external addresses on July 8. This marks its largest single-day Bitcoin liquidation. Some transfers...

NFT Sales Down $2 Billion in Second Quarter

By Philip Maina 1 month agoMon Jul 01 2024 11:22:47 Reading Time: 2 minutes NFT sales dropped by almost $2 billion in Q2 2024 compared to Q1 The sales plummeted from$4.1 billion to $2.3 billion which is almost a 50% decline within three months The decline is attributed to dropping crypto prices The turmoil experienced in the crypto market scene in the last three months spilled over to the NFT...

Trump picks former regulator and crypto booster Paul Atkins to lead Securities and Exchange Commission

President-elect Donald Trump has tapped Paul Atkins, an experienced financial regulator and self-proclaimed libertarian, to chair the Securities and Exchange Commission.  Trump’s choice of Atkins, which he announced on Truth Social comes two weeks after the current SEC chair, Gary Gensler, said he would step down on Jan. 20 on the last day of President Biden’s term. With this selection, Trump continues to make good on his promise to support...

Senator Cynthia Lummis’s Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect?

In a recent video, Aaron Arnold from Altcoin Daily discusses a major proposal: Senator Cynthia Lummis’s Bitcoin Strategic Reserve bill. This plan could make Bitcoin a key asset for the US Treasury, potentially improving the US economy and its position on the global stage. The next few months could be crucial. Read about why Lummis’ bold initiative matters! Why Lummis’ Proposal is a Big Deal The next few months could...

Spain’s Fan Token (SNFT) Takes Dive despite Euro 2024 Victory

Typically, fan tokens have been found to experience massive gains before a sports tournament kicks off. Spain is the newest European champion after beating England on Sunday to become the winner of the just-concluded UEFA tournament. However, while the nation continues to bask in the euphoria of clinching a record fourth European Championship title, the national team’s official cryptocurrency, the Spain National Fan token (SNFT), has shown no positive reaction...

AIOZ Gains 27% with New AiPets and W3S NFT Integration

DePIN project AIOZ has burst into the top 100 cryptocurrencies by market cap after a huge week of growth. The project’s market cap soared past US $1.3b, with AIOZ’s price hitting its highest point since way back in 2021. AIOZ’s recent surge is in no small part due to a new partnership with AiPets, the Web3 game combining a Tamagotchi with artificial intelligence.   AIOZ will utilise its W3S network of...

Ethereum ETF: Exploring New Opportunities Amidst Price Surge in the Cryptocurrency Market

The recent price surge of Ethereum, coupled with the potential approval of Ethereum Exchange-Traded Funds, offers renewed optimism and investment opportunities in the cryptocurrency market. Market Volatility and Investor Uncertainty in Cryptocurrencies The cryptocurrency market has long been characterized by high volatility, leaving investors grappling with uncertainty. Amidst this environment, Ethereum, the second-largest cryptocurrency by market capitalization, has been trading within a limited range, raising questions about its growth potential....

Record-Breaking $2 Million Bounty Offered To Crypto.com Hackers

HackerOne and Crypto.com announce biggest ever bug bounty. getty With 100 million users across 90 countries worldwide, Singapore-based Crypto.com is one of the world’s biggest crypto trading platforms. As you might imagine, then, trust is a central pillar supporting everything the organization does, and the foundations of that trust are built around security and privacy. This security-first philosophy is highlighted in the promise that security and privacy are built into...

14-year-old Among Arrested Hong Kong Crypto Gang

By Mark Hunter 2 weeks agoMon Jul 29 2024 10:05:16 Reading Time: 2 minutes Hong Kong police have arrested four individuals, including a 14-year-old, for involvement in a $1.4 million crypto fraud syndicate The arrests have brought the total number of apprehended individuals for similar offenses to 14 since last October The syndicate has used fake banknotes in fake physical crypto exchanges to create the illusion of wealth Hong Kong...

Singapore heightens risk factor of exchanges to counter terrorist financing

The Monetary Authority of Singapore (MAS) has increased the risk level for digital asset exchanges in an update to the country’s laws on combating the financing of terrorism (CFT). Under the update, digital asset exchange platforms—what MAS refers to as digital payment token (DPT) service providers—were elevated from medium-low to medium-high risk, the same level as banks. MAS, the central bank and financial regulatory authority of Singapore, issued updates to...