Author Alexander Stefanov

Canadian Crypto Exchange Exec Allegedly Embezzled $9.5 Million for Gambling

David Smillie, founder of the now-defunct Canadian crypto exchange ezBtc, is facing allegations of embezzling CAD 13 million (USD 9.5 million) from his users, reportedly using the funds for gambling.

14.08.2024 12:30 1 min. read Alexander Stefanov

DBS Bank and Ant International Launch Blockchain-Based Treasury Solution

DBS Bank has teamed up with Ant International to introduce a new blockchain-driven treasury and liquidity management system.

14.08.2024 12:00 1 min. read Alexander Stefanov

WazirX Nears Completion of Plan to Restore User Balances After $230 Million Hack

WazirX, the cryptocurrency exchange that was recently hacked, has provided an update on its efforts to restore user balances for trades conducted between July 18 and 21.

14.08.2024 11:30 1 min. read Alexander Stefanov

Hedera Blockchain Gains Institutional Boost with New Custody and Staking Services

Copper, a cryptocurrency custodian based in London, is enhancing institutional access to the Hedera blockchain through a new partnership.

14.08.2024 11:00 1 min. read Alexander Stefanov

Tether CEO Warns: Bitcoin and Gold Are Key Amid Global Tensions

Tether CEO Paolo Ardoino believes that rising geopolitical tensions and macroeconomic shifts will heighten the value of scarce assets such as Bitcoin (BTC) and gold.

14.08.2024 10:00 1 min. read Alexander Stefanov

U.S. Unemployment Rises and Major Banks Predict Significant Interest Rate Cuts

The U.S. economy is showing signs of strain as unemployment climbed from 4.1% to 4.3% in July, increasing the number of jobless Americans to around 7.2 million.

14.08.2024 9:30 1 min. read Alexander Stefanov

Bitcoin Mining Pool CEO to Lead SpaceX’s Historic Polar Spaceflight

Chun Wang, the founder and CEO of the renowned bitcoin mining pool f2pool and blockchain validator firm Stakefish, will lead an unprecedented human spaceflight mission to fly over the North and South Poles, orchestrated by SpaceX.

14.08.2024 9:00 1 min. read Alexander Stefanov

Cardano Faces Growth Challenges as User Base Remains Flat

Cardano is struggling to grow its user base amidst increasing competition from new blockchain platforms like Solana and Base.

14.08.2024 8:30 1 min. read Alexander Stefanov

Bitget Wallet Surges to 1.6 Million Downloads, Overtaking MetaMask

Bitget Wallet, the self-custodial crypto wallet from the Bitget exchange, has outpaced MetaMask in app downloads for July 2024.

14.08.2024 8:00 1 min. read Alexander Stefanov

Nigerian Authorities Block Binance Exec from Meeting His Legal Team

Tigran Gambaryan, the Chief Financial Crime Compliance Officer at Binance, is encountering severe setbacks in his detention saga in Nigeria.

13.08.2024 22:00 1 min. read Alexander Stefanov

Coinbase Clashes With SEC Over Crucial Documents in Ongoing Lawsuit

Coinbase is intensifying its legal battle with the Securities and Exchange Commission (SEC), seeking key documents through a discovery request that the SEC has been blocking.

13.08.2024 21:00 1 min. read Alexander Stefanov

Bitcoin Surges to Over $61,000 – What Could be the Reason?

After experiencing a notable downturn, Bitcoin has managed to regain ground yet again in what looks like a short-term market revival.

13.08.2024 20:21 1 min. read Alexander Stefanov

Venture Capital Boosts Crypto Startups in Q2

In Q2 2024, crypto startups saw a slight rise in venture capital funding, despite fewer deals, according to Pitchbook.

13.08.2024 20:00 1 min. read Alexander Stefanov

BitMEX Founder Sees Bitcoin Skyrocketing to $100K with US Liquidity Boost

BitMEX founder and former CEO Arthur Hayes has shared his latest insights on Bitcoin (BTC) and the broader crypto market.

13.08.2024 19:00 1 min. read Alexander Stefanov

Bitcoin’s Bullish Potential Clouded by $500M in Looming Liquidations

Bitcoin’s current macroeconomic environment seems “ideal” for a breakout, yet the cryptocurrency faces potential instability due to over $500 million in upcoming liquidations.

13.08.2024 18:45 2 min. read Alexander Stefanov

Sui Token Briefly Soars to Over $1: What’s Driving the Surge?

Sui (SUI) has experienced a dramatic increase in value, doubling in price in just one trading day and reaching its highest point in a month.

13.08.2024 18:30 2 min. read Alexander Stefanov

Ark Invest Doubles Down on Robinhood Amid Market Dip

Ark Invest, led by Cathie Wood, has significantly increased its stake in Robinhood by purchasing 45,792 shares, valued at over $800,000, during a recent market downturn.

13.08.2024 18:15 1 min. read Alexander Stefanov

South Korean Tech Executives Arrested in $365 Million Crypto Fraud

Authorities in South Korea have arrested the CEO of Wacon, Byun Young-oh, and Vice Chairman Yim Mo-Soo for their roles in a large-scale cryptocurrency fraud.

13.08.2024 18:00 1 min. read Alexander Stefanov

Grayscale Launches New MakerDAO Trust Amid Growing Crypto Interest

Grayscale Investments has unveiled its latest offering, the Grayscale MakerDAO Trust, which provides institutional investors with a straightforward way to invest in the MKR token.

13.08.2024 17:27 1 min. read Alexander Stefanov

Bitcoin at a Crossroads: Crash Ahead or Major Surge?

Bitcoin (BTC) is currently grappling with the challenge of breaking through and maintaining a level above $60,000.

13.08.2024 17:00 2 min. read Alexander Stefanov

JUST IN: Movements Spotted From $2.2 Billion Mt. Gox Wallet

Failed cryptocurrency exchange Mt. Gox is on its last stage of reimbursing clients with Bitcoin (BTC).

13.08.2024 16:14 1 min. read Alexander Stefanov

Why Investors Are Turning to Bonds During Economic Uncertainty

In 2024, the stock market has been influenced by two opposing trends: the S&P 500’s strong performance driven by major tech companies and growing recession concerns fueled by fears of an AI bubble, high interest rates, and escalating national debt.

13.08.2024 16:00 1 min. read Alexander Stefanov

Citigroup’s Global Head of Digital Assets Resigns for New Venture

Shobhit Maini, Citigroup’s global head of digital assets, has stepped down from his position after over 14 years with the bank.

13.08.2024 15:30 1 min. read Alexander Stefanov

Financial Expert Foresees Huge Drop in Crypto Markets Amid U.S. Bubble Burst

A well-known economist who previously forecasted signs of economic strain in the U.S. by mid-2024 now anticipates a severe collapse in the cryptocurrency market.

13.08.2024 15:00 1 min. read Alexander Stefanov

Musk and Trump Discuss Key Issues but Skip Crypto

On Monday, Elon Musk and former President Donald Trump held a highly anticipated interview, tackling various subjects including inflation, trade, and nuclear energy.

13.08.2024 14:30 1 min. read Alexander Stefanov

Altcoin Expert Predicts Strong Gains for Solana-Based Dogwifhat

A trader renowned for accurate altcoin predictions is eyeing significant potential for a Solana-based memecoin.

13.08.2024 14:00 2 min. read Alexander Stefanov

Bitcoin ETFs Poised to Overtake Satoshi Nakamoto as Top Holder by 2025

BlackRock’s IBIT Bitcoin ETF has quickly become the third-largest Bitcoin holder globally, trailing only behind Bitcoin’s enigmatic creator, Satoshi Nakamoto.

13.08.2024 13:30 1 min. read Alexander Stefanov

Is BlackRock About to Launch its Very Own Blockchain?

BlackRock, world’s biggest asset manager, is allegedly on the verge of launching its own blockchain platform, which could significantly impact the cryptocurrency landscape.

13.08.2024 12:40 2 min. read Alexander Stefanov

Metaplanet Increases Bitcoin Holdings with $3.5 Million Purchase

Metaplanet, a prominent Japanese public company, has further increased its Bitcoin holdings with a new purchase of ¥500 million worth of BTC, announced CEO Simon Gerovich on X.

13.08.2024 12:30 1 min. read Alexander Stefanov

Argo Blockchain Clears Massive Loan, Steers Clear of Bankruptcy

Argo Blockchain has successfully paid off a $35 million loan from Galaxy Digital, which it took out in 2022 to avoid bankruptcy during a tough period for cryptocurrencies.

13.08.2024 12:00 1 min. read Alexander Stefanov

Euler Secures $4M for V2 Protocol Safety Upgrade

Euler, a DeFi lending protocol, has finalized an extensive security review for its upcoming Euler v2 protocol, backed by a $4 million investment from Euler DAO.

13.08.2024 11:30 1 min. read Alexander Stefanov

New QR Code Scam Targets Cryptocurrency Users

A new cryptocurrency scam involving QR codes is emerging, according to the analytics firm Bitrace.

13.08.2024 11:00 2 min. read Alexander Stefanov

Is the Fed’s Rate Policy the Key to Bitcoin’s Next Big Move?

A prominent cryptocurrency analyst believes that digital assets will need a shift in monetary policy before they can experience significant gains.

13.08.2024 10:30 1 min. read Alexander Stefanov

Galaxy Digital Launches New $26 Million Avalanche (AVAX) Fund

Recently, Galaxy Digital, a prominent investment firm, unveiled a new $26 million fund dedicated to Avalanche (AVAX).

13.08.2024 10:00 1 min. read Alexander Stefanov

Kamala Harris’ Poll Lead Linked to Bitcoin’s Price Drop, Analysts Say

According to a recent Bernstein report, Kamala Harris’ unexpected lead over Donald Trump in presidential polls seems to coincide with a decline in Bitcoin prices.

13.08.2024 9:30 1 min. read Alexander Stefanov

Hot Altcoin Set for Parabolic Gains, Says Leading Analyst

A prominent crypto analyst is forecasting a significant surge for a popular Ethereum-based altcoin.

13.08.2024 9:00 1 min. read Alexander Stefanov

Failed Crypto Hedge Fund Seeks $1.3 Billion for Terra Collapse in 2022

Three Arrows Capital’s liquidators are now pursuing $1.3 billion from TerraForm Labs following the 2022 collapse of Terra (LUNA).

13.08.2024 8:30 1 min. read Alexander Stefanov

SEC Crackdowns on $650 Million Cryptocurrency Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) has recently filed charges against NovaTech and its leaders over a massive cryptocurrency fraud worth $650 million.

13.08.2024 8:15 2 min. read Alexander Stefanov

Binance Moves 137 Billion SHIB Tokens in Internal Transfer

A recent Binance transaction involving Shiba Inu (SHIB) tokens has sparked interest within the crypto community.

13.08.2024 1:30 1 min. read Alexander Stefanov

El Salvador Secures Historic $1.6B Investment for Bitcoin City Ports

El Salvador, known for adopting Bitcoin as an official currency, has announced a significant new investment.

13.08.2024 0:03 1 min. read Alexander Stefanov

Trump May Drop Out of 2024 Race According to Crypto Expert

Anthony Scaramucci, once a Trump advisor and now a critic, has stirred up the political scene with a bold prediction: he believes Trump may withdraw from the 2024 presidential race.

12.08.2024 21:00 2 min. read Alexander Stefanov

Delaying Rate Cuts Will be Bad for the U.S. According to Bank of America CEO

As the Federal Reserve maintains its policy interest rate at a 23-year high of 5.25%-5.50%, anticipation builds for a potential rate cut in September.

12.08.2024 21:00 1 min. read Alexander Stefanov

Did Institutional Investors Cause the Bitcoin Market to Drop Again?

Bitcoin (BTC) began the week with a decline, likely influenced by data from the US and actions by institutional investors.

12.08.2024 20:00 1 min. read Alexander Stefanov

Tornado Cash Developer’s Legal Fight Hits Critical Point

The legal struggle of Tornado Cash developer Alexey Pertsev has reached a critical point as he seeks new funding to continue his defense.

12.08.2024 19:00 2 min. read Alexander Stefanov

Bitcoin Fear Index Plunges Amid Market Volatility

The Bitcoin Fear & Greed Index has plummeted to “extreme fear,” scoring 25 out of 100.

12.08.2024 18:00 1 min. read Alexander Stefanov

Top Bitcoin Miner to Raise $250 Million to Boost BTC Holdings

Marathon Digital has revealed plans to issue $250 million in convertible senior notes.

12.08.2024 17:30 1 min. read Alexander Stefanov

Crypto Giant Gobbles Up Ethereum and Dumps Pepe for Huge Profits

A major cryptocurrency investor has been actively buying up Ethereum (ETH), suggesting a strategic move to take advantage of lower prices.

12.08.2024 17:00 1 min. read Alexander Stefanov

Binance Coin (BNB) Recovers as Clandeno (CLD) ICO Launch Attracts Major Investors Amid Solana (SOL) Price Surge

Binance Coin (BNB) rebounds while Solana (SOL) faces a decline. Major investors flock to Clandeno (CLD) ICO, signaling potential growth.

12.08.2024 16:17 4 min. read Alexander Stefanov

Crypto Exchange Binance and Social Media X Blocked in Venezuela

The Venezuelan government has recently imposed restrictions on several online platforms, including the cryptocurrency exchange Binance and the social media network X, amid political unrest following the recent presidential election.

12.08.2024 16:08 1 min. read Alexander Stefanov

Major Crypto Whale Continues to Offload Ethereum

In a new development that has raised concerns in the Ethereum (ETH) market, a major investor has offloaded another 5,000 ETH.

12.08.2024 15:00 1 min. read Alexander Stefanov

Investors Flee Ripple (XRP) & Litecoin (LTC) for Clandeno (CLD) ICO; PayPal Backed Project Only $0.013 per CLD and Ready to Soar

XRP and Litecoin (LTC) create fears of locking up investments with insufficient growth, while Clandeno (CLD) aims for low entry point and maximum growth potential.

12.08.2024 14:42 3 min. read Alexander Stefanov

Eco-Friendly Living: How Mobile Apps Contribute to Greater Sustainability and Environmental Awareness

The release of too much carbon dioxide is a serious problem that seems to be worsening rapidly because of the use of cars and planes, the burning of fossil fuels and other environmentally damaging processes.

12.08.2024 13:01 5 min. read Alexander Stefanov

Important Announcement From Top Crypto Exchange Binance

Binance, a leading cryptocurrency exchange, announced the delisting of six altcoins—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This led to sharp price drops for each token.

12.08.2024 13:00 1 min. read Alexander Stefanov

Voice Recognition Technology: The Evolution of Voice-Activated Features in Mobile Apps

The development of technology is unstoppable, and the emergence of more and more innovative features makes the user’s life easier in many aspects.

12.08.2024 12:53 5 min. read Alexander Stefanov

Hong Kong to Tighten Regulations on Stablecoins

In a strategic move to bolster its position as a global leader in financial technology, Hong Kong is preparing to implement stricter regulations for digital assets over the next 18 months.

12.08.2024 12:00 1 min. read Alexander Stefanov

Nigerian Lawyer Challenges Government’s Crypto Restrictions in Court

Nigerian attorney James Yutudor has initiated a legal battle against the government over its stringent cryptocurrency regulations.

12.08.2024 11:00 2 min. read Alexander Stefanov

Bitcoin Faces Crucial Test as It Dips Below Key Moving Average

Bitcoin is currently navigating a pivotal moment, drawing significant attention from crypto analyst Caleb Franzen.

12.08.2024 10:30 1 min. read Alexander Stefanov

SEC Postpones Verdict on Groundbreaking Bitcoin-Ethereum ETF

The US Securities and Exchange Commission (SEC) has decided to delay its ruling on a dual cryptocurrency spot ETF submitted by Brazilian firm Hashdex.

12.08.2024 10:00 1 min. read Alexander Stefanov

Most Critical Moment for Crypto Has Passed, According to Expert

Veteran investor Tom Lee thinks the worst of the recent market correction is probably over.

12.08.2024 9:30 1 min. read Alexander Stefanov