Day: October 25, 2024

Bitcoin Price (BTC) Down 2% on Tether Criminal Probe Report

Earlier in the session, crypto prices had been on the rise, with bitcoin (BTC) nearing the $69,000 level and perhaps readying for a late-day or weekend challenge of topping $70,000 for the first time in three months. In the minutes following the news on Tether, bitcoin had tumbled to as low $66,500, down nearly 2% over the past 24 hours, before modestly bouncing back to $66,800. The broader market gauge CoinDesk 20 Index was lower by 2.3% over the same time frame. Source

Illegal Bitcoin mining costs Malaysian electricity company over $100m

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Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities.  Local reporting from The Star indicates that since 2020, this theft has significantly impacted TNB’s finances, resulting in a loss of 103 million ringgit in 2023 alone, according to Suhai Rizain, the director of Malaysia’s Criminal Investigation Department. The losses from crypto mining have increased sharply over the years. In 2020, TNB recorded losses of 5.9 million ringgit. This figure escalated to 140.4…

Ancient Bitcoin Wallet Awakens: 399 BTC From 2012 Moved by This Month’s 2011 Whale

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On Oct. 25, a long-dormant bitcoin wallet from June 5, 2012—12 years and 4 months old—sprang back to life, moving 399 BTC. 12-Year-Old Wallet Transfers 399 BTC—Tied to the 2011 Bitcoin Whale This month has captivated many as several old wallets, especially from 2011, have awakened while bitcoin’s value remains higher than in September. Bitcoin.com […] Original

Shiba Inu Inflows Soar 555% In 3 Months – Will The Momentum Continue?

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Known meme coin Shiba Inu (SHIB) is hogging the headlines; massive accumulators are increasing efforts due to a volatile market. The latest data shows inflow from large holders has increased by 555% within the last 90 days, which means major stakeholders are taking positions to capitalize on an expected increase in value. This is especially significant due to the total bearish sentiment that many are experiencing across the crypto market. Shiba Inu: Growing Market Trend While the market sentiment seems still negative, the current trend of Shiba Inu shows a…

US Government’s $20M Crypto Breach: How Most Was Returned Within 24 Hours

According to blockchain explorer firm Arkham Intelligence, a significant portion of the U.S. government’s allegedly seized crypto has made its way back. Sudden Shift in Seized Crypto Sparks Questions on U.S. Government Wallet Security Yesterday, Arkham Intelligence flagged a $20 million transfer from government-associated addresses. These funds, primarily in stablecoins and ether, were reportedly sent […] Source CryptoX Portal

Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink’

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US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year. In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi). The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by the open-source OP stack. “As a natural evolution of our mission, Ink will serve as a seamless bridge to DeFi, empowering users to move onchain with confidence and ease.” Ink says it has all the…

Wall Street Financial Services Firm Lazard Plans to Create Tokenized Funds with Bitfinex Securities

The tokenized funds will be set up and issued under Kazakhstan’s financial services law, under regulatory oversight of Astana Financial Services Authority (AFSA), where SkyBridge and Bitfinex are licensed to operate. Bitfinex Securities is responsible for the tokenization process, while SkyBridge will act as broker and manager of the tokenized fund. The products will be available to retail users, but with certain geographic limitations, and available to be purchased with Tether’s stablecoin (USDT). Source

Experts predict these altcoins could explode with 200x returns as Bitcoin aims 100K

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin approaches record highs, analysts spotlight XYZVerse, a meme coin uniting sports fans and promising big returns. As Bitcoin edges toward new record highs, attention is turning to alternative cryptocurrencies with the potential for extraordinary returns. Analysts are buzzing about lesser-known tokens that could offer investors significant profits beyond the mainstream options. The crypto market is alive with speculation, and promising opportunities that might reshape portfolios and deliver…

Crypto Analyst Says Ethereum Will Outperform Bitcoin And Solana, Is $12,000 Possible?

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Este artículo también está disponible en español. A top crypto analyst has issued a bold prediction for Ethereum, forecasting it will outperform both Bitcoin and Solana in the coming months. Taking to social media platform X, a crypto analyst known pseudonymously as @IamCryptoWolf highlighted that Ethereum is still bullish, with price targets reaching up to $12,000. This analysis comes in light of a 6.22% decline in the price of Ethereum in the past seven days and a continued increase in the Bitcoin dominance. Analyst Says Ethereum Will Outperform Bitcoin Ethereum…