Day: May 6, 2024

Decade-Old Bitcoin Stash Moves

In a striking development within the cryptocurrency world, a dormant stash of Bitcoin (BTC), untouched for over a decade, has recently changed hands. The 687.33 BTC, valued today at approximately $43.7 million, was transferred late Sunday after lying inactive since January 2014. At the time of their last movement, Bitcoin was trading at less than […]

Solana Leads Market Gains

This Monday morning has been relatively calm in the cryptocurrency realm, with most major coins showing minimal movement in their market prices. However, Solana stands out as a significant exception, showcasing a robust rise of nearly 5% over the past day. Currently, Solana is trading at $154, culminating a weeklong increase of over 12%, according […]

SEC Targets Robinhood Crypto

Robinhood Crypto, the cryptocurrency branch of the widely-used trading app Robinhood, has found itself under scrutiny from the Securities and Exchange Commission (SEC). On Monday, the firm disclosed that it had received a Wells Notice, an indication that the SEC is considering enforcement action. This development places Robinhood Crypto alongside other major U.S. cryptocurrency platforms […]

Bitcoin Surges, Hits $65,000 Milestone

Bitcoin started this week with a significant surge, breaking above the $65,000 mark for the first time in over a week, marking a notable moment in the cryptocurrency’s recent performance. Despite a minor retracement, the digital currency remains up by 0.5% from the previous day, reflecting a persistent upward trend. The buoyancy in Bitcoin’s price […]

Dutch Authorities Nab Crypto Scammer

In a significant crackdown on fraudulent cryptocurrency operations, Dutch authorities have apprehended a key suspect linked to the notorious ZKasino scam, which reportedly swindled investors out of millions. The arrest, carried out by the Fiscal Information and Investigation Service (FIOD), occurred on April 29, spotlighting the Netherlands’ proactive stance against crypto-related crimes. A 26-year-old man […]

Visa Exposes Stablecoin Activity

Visa, in partnership with Allium, a leading enterprise blockchain data provider, has unveiled startling insights about the stablecoin ecosystem through a newly launched data dashboard. This tool aims to filter out “inorganic activity,” revealing that over 90% of stablecoin transactions may not involve human interaction. This revelation comes as part of an effort to present […]

Bitcoin Hits One Billion Transactions

The Bitcoin network has achieved a monumental milestone, recording its one billionth transaction, as per Clark Moody’s Bitcoin dashboard. This remarkable achievement underscores Bitcoin’s enduring relevance and its pivotal role in the evolution of digital currencies. Recently, Bitcoin transactions and their associated fees have sparked significant discussion within the crypto community. This interest has been […]

Senators Warn on Iran’s Bitcoin Mining

US Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) issued a stern warning about the potential ramifications of Iran’s burgeoning Bitcoin mining industry. In a detailed letter addressed to key members of the Biden administration, they highlighted how Iran’s crypto mining activities could potentially undercut the effectiveness of economic sanctions. The senators pointed out that […]