Day: March 7, 2024

Ransomware gang BlackCat exit scams affiliates with millions in Bitcoin after attacking medical IT firm

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Cyber gang BlackCat allegedly scammed its own affiliates as the group went dark shortly after it disrupted the U.S. healthcare system. An address associated with the ransomware gang BlackCat, also known as ALPHV and Noberus, received approximately $22 million worth of Bitcoin (BTC) on Mar. 1 following a late February attack on United Healthcare’s Change Healthcare, a tech firm providing services to hospitals and clinics. However, a twist emerged two days later when the address received over 1,000 BTC and promptly emptied the wallet. Subsequently, an individual named “notchy,” claiming…

AI tokens dominate the top gainers’ chart, FET leads the batch

Big data and artificial intelligence (AI) tokens have gained momentum as investors shift focus to altcoins amid bullish market sentiment. According to data provided by CoinMarketCap (CMC), the top five gainers among the leading 100 cryptocurrencies are from the big data and AI category with double-digit growths. Top 5 gainers in 24 hours – March 7 | Source: CoinMarketCap Fetch.ai (FET) is leading the list with a 38.26% rise over the past 24 hours and is trading at $2.74 at the time of writing. The asset’s market cap surged to…

The $69,000 Bitcoin Question: Expert Forecasts Price Breakout

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As Bitcoin hovers near its all-time high, industry experts and investors are keenly watching for signs of its next major move. Alex Thorn, the Head of Research at Galaxy, recently shared his perspective on the Bitcoin price trajectory and the factors influencing its potential breakout. In a detailed post on X (formerly Twitter), Thorn provided insights grounded in historical data and current market dynamics. “We Will Climb the Wall of Worry,” Thorn proclaimed, setting the tone for his analysis. Bitcoin’s recent price action saw it reaching $69,324 on Coinbase on…

Election Fever Hits Cryptocurrency: TRUMP and BODEN Tokens Surge

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As the 2024 US presidential election approaches, memecoins named after Donald Trump (TRUMP) and Joe Biden (BODEN) are experiencing significant fluctuations, reflecting their popularity and potential as prediction markets. The Trump-inspired TRUMP token has recorded a notable increase of 242.9% in a month and 17.9% in a week, while the Biden-inspired BODEN token surged by […] Source

Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained

Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem. Wormhole to Airdrop W Token to Advance Defi Interoperability Wormhole, a facilitator of […] Source CryptoX Portal

Russian economist sees bleak future for Bitcoin with the rise of digital ruble

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Alexander Razuvaev, a notable Russian economist and member of the supervisory board of the Guild of Financial Analysts and Risk Managers, recently made predictions concerning the future of Bitcoin following the onset of a Russian CBDC.  The economist argued that the emergence of digital currencies, such as the digital ruble and other central bank digital currencies (CBDCs), would lead to a significant decrease in their value. Despite this, Razuvaev clarified that cryptocurrencies would not disappear entirely but would become less prominent. Razuvaev highlighted the current state of the cryptocurrency market…

Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea

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21Shares hits $5b AUM milestone as ETF mania intensifies

21Shares AG, the world’s largest issuer of cryptocurrency exchange-traded products for the global market, has reached a milestone of over $5 billion in assets under management. Per sources close to the matter, 21.co, the parent company of 21Shares, now sees 21Shares accounting for $3.1 billion of its total assets under management (AUM). The Swiss firm 21Shares, established in 2018 by Hany Rashwan and Ophelia Snyder, launched the first crypto exchange-traded product with the goal of removing the hassle of investing in cryptocurrencies and blockchain technology. In February, 21Shares and ARK…

US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions

A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend […] Source CryptoX Portal

Injective (INJ) Becomes First Non-Ethereum Blockchain to Integrate Ethena’s USDe

thena, the prominent DeFi protocol with nearly $1 billion in TVL, expands its ecosystem by launching USDe and Ethena Shards exclusively on the Injective blockchain. Ethena, the decentralized finance (DeFi) protocol that has amassed nearly $1 billion in Total Value Locked (TVL) within a month, has announced its exclusive integration with Injective, a lightning-fast interoperable layer one blockchain. This collaboration marks Ethena’s first integration outside the Ethereum ecosystem, paving the way for Injective users and the wider IBC community to access USDe, Ethena’s synthetic dollar, and participate in the protocol’s…