XRP Whale Moves 29 Million Tokens to Bitstamp Amid Price Decline
XRP whale moves 29 million tokens to Bitstamp amid price slide As XRP struggles to maintain upward momentum following Judge Torres' summary judgment in the US SEC v. Ripple Labs case that XRP isn't a security, investors appear to be selling off the ...
Bitcoin’s Sudden Drop and Market Reactions: A Recap
On the night of August 17, the price of the first cryptocurrency fell about 8% in just ten minutes, dropping to $25,409. Now the bitcoin exchange rate has risen slightly to $26,493. According to Coinglass data, more than 175,000 market participants have liquidated positions worth more than $1 bil ...
TradeBlock, Brokerage Subsidiary of Digital Currency Group, to Cease Operations
Digital Currency Group (DCG) announced the closure of its brokerage subsidiary, TradeBlock, which will cease operations on May 31 due to the uncertain regulatory environment. TradeBlock provides institutional investors with trading and brokerage services. The company is ...
IRS Files $44 Billion Lawsuit Against FTX and Affiliates for Unpaid Taxes
The exchange and its affiliates are accused of not paying taxes The biggest lawsuit is filed against Alameda Research, for $20.4 billion The IRS got the highest priority for refunds The IRS (Internal Revenue Service) filed 45 lawsuits against FTX and ...
Reasons for Bitcoin’s Market Price Fall Below $30,000 Explained by CryptoQuant Analysts
Analysts at the Korean company CryptoQuant named the reasons for the fall in the market price of bitcoin below the psychologically important level of $30,000, based on the ratio of two futures market indicators: open interest rates and funding rates. The "Open Interest" i ...
Cryptocurrency Market Gains Momentum as Investors Regain Risk Appetite
Investors have regained their appetite for risk. This can explain the growth of the cryptocurrency market during the week. The rise in the price of bitcoin catalyzes the demand for altcoins. Even Shapella is not a hindrance. ...
Zipmex Faces Liquidation as V Ventures Misses Payment
V Ventures, an investment company that recently acquired Zipmex, has failed to make a scheduled payment, causing the cryptocurrency exchange to face potential liquidation. The exchange has been unable to pay its employees due to the lack of funds, and has alerted its shareholders about the situat ...
Cryptocurrency traders lose $259.8 million in a day after Fed rate announcement
According to data from the Coinglass analytical platform, traders lost a staggering $259.8 million in just a single day due to the fluctuation in cryptocurrency rates. On March 22, the value of bitcoin rose to nearly $29,000, but after the US Federal Reserve System (FRS) announced an increase in ...
FTX Interim Administration Sues FTX Digital Markets and Liquidators
FTX's interim administration has filed a lawsuit against FTX Digital Markets and its Bahamian liquidators, alleging that they are unlawfully claiming the assets of the cryptocurrency exchange. The FTX Interim Administration is seeking the intervention of U.S. Bankruptcy Judge John Dorsey to confi ...
Cryptocurrency Market Booms as Banking Sector Collapses: Bitcoin, Ethereum, and Avalanche Prices Soar
Bitcoin The sentiment in the world of cryptocurrency is changing rapidly. Just a week ago, many believed that the market had entered another period of decline, but recent events have altered this trend. Despite some minor setbacks, Bitcoin has seen a 28% increase in val ...
