A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving […] Source
The on-chain analytics firm CryptoQuant has explained why Bitcoin and Ethereum have recently appeared to be on a path towards acceleration. Bitcoin & Ethereum Are Looking Bullish In On-Chain Metrics In a new thread on X, the official CryptoQuant handle discussed how some important on-chain indicators are looking for Bitcoin and Ethereum right now. Related Reading The first two metrics of interest here keep track of the demand from the permanent holders and the whales. First, here are the relevant charts for BTC: The data for the accumulation being done…
Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant, who lives in Benoni, had to […] Source CryptoX Portal
Bitcoin continues to be the market leader. However, despite significant developments, such as the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the anticipated price surge to $100,000 remains ‘unrealized.’ Charles Edwards, founder of Capriole Investments, commented on this and took to Elon Musk’s social media platform X to explain the hurdles preventing Bitcoin from achieving this milestone. Related Reading Examining Bitcoin’s Stagnation Below $100k According to Edwards, one of the primary factors is the sale of Bitcoin by long-term holders. His analysis shows a decline in wallets holding Bitcoin for…
Crypto warehouse Bakkt is reportedly exploring a potential sale amid increased crypto-related takeover activity. Bakkt, a crypto custody and trading platform for institutional investors, appears to be evaluating a potential sale, Bloomberg has learned, citing sources familiar with the matter. The report comes at a time when the crypto market is seeing a spike in acquisition activity. Notably, fintech brokerage firm Robinhood recently announced its intention to acquire European crypto exchange Bitstamp for $200 million. Additionally, American Bitcoin mining giant Riot Platforms is exploring options to acquire its Canadian rival…
As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone. Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market. The Largest Meme Coin On The Base Network BRETT is a meme coin built on the Base…
Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. Related Reading The industry has seen controversies, rug pulls, and Vitalik Buterin’s thoughts on the celebrity token frenzy. In the phenomenon’s most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea. Celebrity Memecoins A Week Later Despite the trend starting around May 20 with influencer tokens, celebrity tokens didn’t gain mainstream traction until…
Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited from the scheme. MTI […] Original
Multi-chain-focused protocol dWallet has announced its arrival on the layer-1 blockchain to enhance the user experience in DeFi and web3 gaming. Expanding dWallet’s technological stack to Aptos primarily aims to introduce Zero Trust Protocols (ZTPs) to the decentralized L1 network, enhancing native multi-chain interoperability within the Aptos ecosystem. dWallet Network co-founder Omer Sadika highlighted that the partnership with Aptos allows users to conduct native Bitcoin (BTC) and Ethereum (ETH) transactions to the chain without the need for bridging or token wrapping requirements. “Doing so broadens horizons for defi and gaming”…
Crypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price chart. The analyst also revealed how high the crypto token could rise once it makes this move to the upside. Inverted Hammer Forms On The Chart Egrag highlighted an Inverted hammer that had formed on XRP’s chart while noting how bullish this was for the crypto token. He claimed that last month’s candle formation showed a 75% Inverted Hammer at the bottom, which is “super bullish” for XRP. Egrag believes this is an “amazing…