The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. The regulator said MKAN Coin’s activities expose users to significant financial […] Source CryptoX Portal
Este artículo también está disponible en español. Ethereum’s price trajectory has taken a sharp downturn, with technical analysis showing a possible crash to $2,000. Crypto analyst SwallowAcademy pointed out on the TradingView platform that some bearish signals are forming in smaller timeframes, especially as buyers have failed to maintain a key support zone at $2,700. Notably, the broader market downturn over the past 24 hours has only strengthened the case for further declines for Ethereum. Ethereum Plunges Over 12% In 24 Hours As Market Suffers Steep Losses The crypto market…
On Feb. 21, 2025, around $1.5 billion in ETH was stolen from the Bybit exchange. The Elliptic analytics say the funds were probably stolen by the infamous Lazarus Group. The tokens were likely sent to crypto mixers for laundering. Thieves who stole crypto from Infini the following day were using a mixer service, too. What does the future hold for crypto mixers in the pro-crypto countries? Crypto mixers were used by thieves after two recent major crypto hacks According to a report by Elliptic, the Bybit hack is the largest…
The largest cryptocurrency slid as low as $86,873 in after-hours trading, the lowest bitcoin has fallen in three months. BTC Sees Sharp Decline as Trading Volume Surges 178% in Market Sell-Off Bitcoin (BTC) plunged below $87,000 in afterhours trading but has since recovered slightly and is currently trading at $88,297, reflecting a 7.67% decrease from […] Original
El Salvador has resumed its bitcoin purchase schedule, buying 7 BTC after a one-week hiatus, which raised concerns among bitcoiners. The reason for the pause in the bitcoin acquisition schedule remains unknown. President Bukele Re-Ignites the Faith: El Salvador Buys Bitcoin Again El Salvador has resumed its bitcoin purchases after a week of hiatus, according […] Original
The crypto market is no stranger to turbulence, and Chainlink (LINK) is currently caught in the eye of the storm. As bearish forces tighten their grip, prices are perilously close to testing the crucial $12.5 support level a threshold that could determine its fate in the coming days. Several factors like mounting selling pressure and broader market weakness threaten to derail its recovery prospects. LINK’s recent downturn comes after a period of consolidation, during which the asset struggled to gain upward momentum. Now, with the price breaking down and eyeing…
The crypto market is no stranger to turbulence, and Chainlink (LINK) is currently caught in the eye of the storm. As bearish forces tighten their grip, prices are perilously close to testing the crucial $12.5 support level a threshold that could determine its fate in the coming days. Several factors like mounting selling pressure and broader market weakness threaten to derail its recovery prospects. LINK’s recent downturn comes after a period of consolidation, during which the asset struggled to gain upward momentum. Now, with the price breaking down and eyeing…
XRP is establishing new trading patterns against Bitcoin, and traders are closely monitoring a potential shift in market dynamics. XRP has exhibited remarkable strength over a lengthier timeframe, with a 31% gain against Bitcoin during the past month, despite a 15% decline in the past week. Analysts are in disagreement as to what may occur next, as the altcoin’s short-term weakness and long-term strength show opposing figures. Unprecedented Consolidation Pattern Emerges EGRAG, a market analyst, has identified a previously unseen development in the relationship between XRP and Bitcoin. The current…
Bitcoin (BTC) dipped below $89,000 during Tuesday’s early European hours as Nasdaq futures pointed to continued losses in technology stocks and strength in the Japanese yen sparked fears of an August-like risk aversion. The leading cryptocurrency hit a low of $88,500, a level last seen in mid-November, CryptoX data shows. The losses follow recent reluctance to adopt state-managed bitcoin reserves in the U.S. “Despite U.S. President Donald Trump’s recent pro-Bitcoin stance, three state-level proposals for Bitcoin reserves failed in Montana, North Dakota, and Wyoming. The reluctance to adopt state-run Bitcoin…
U.S. spot Bitcoin ETFs saw a big spike in net outflows on Feb. 24, with most of it coming from Fidelity and BlackRock’s funds as market sentiment turned sour. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $516.41 million in outflows on Monday, a surge of over 700% from the previous day’s $62.77 million, making it the worst single-day outflow since Jan. 8. Fidelity’s FBTC took the biggest hit, losing $246.96 million, followed by BlackRock’s IBIT, which saw $158.59 million in redemptions. Notably, none of the ETFs…