Author: Anshul

Crypto Trading Volumes Dip in April

April marked a significant shift in the cryptocurrency market as cumulative spot trading volumes on centralized exchanges witnessed their first month-to-month decline in seven months, highlighting a cooling phase in the market dynamics. After a robust performance in March, where spot volumes surged to nearly $2.5 trillion, April’s figures took a downturn to $1.6 trillion. […]

Binance Fined $6M for Compliance Failures

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has taken decisive regulatory action against Binance, one of the world’s largest cryptocurrency exchanges, for breaches related to money laundering regulations. According to a recent announcement, Binance faced significant fines for not adhering to Canadian financial laws. FINTRAC’s findings highlighted two primary infractions by the […]

Scammer Negotiates After $71M Bitcoin Theft

A recent digital heist involving $71 million in wrapped bitcoin (WBTC) has taken a surprising turn, as the alleged scammer reached out to their victim through Ethereum’s blockchain. The scammer, implicated in a poisoning attack, prompted the victim to provide contact details on Telegram, followed by sending over 51 ETH worth approximately $151,600. This peculiar […]

FTX Estate Proposes Generous Creditor Payouts

The FTX bankruptcy estate has unveiled a reorganization plan poised to significantly exceed the required payouts to creditors, a remarkable development 17 months following the cryptocurrency exchange’s Chapter 11 bankruptcy filing. According to the estate, an impressive 98% of creditors are slated to receive at least 118% of their allowed claims in cash within 60 […]

Grayscale Drops Ethereum ETF Plans

Grayscale, a leading crypto asset manager, has recently retracted its intention to launch an exchange-traded fund (ETF) for Ethereum futures, officially withdrawing its application with the Securities and Exchange Commission (SEC). Initially filed on September 19, 2023, the proposal for the Grayscale Ethereum Futures Trust ETF has faced multiple delays, with the SEC citing the […]

Bitcoin Accumulation Signals Market Confidence

Bitcoin’s selling pressure has significantly decreased in recent months, indicating a shift among long-term investors towards retaining their holdings, as noted by Glassnode’s latest analysis. The “Value Days Destroyed (VDD) Multiple” has experienced what Glassnode’s lead analyst, James Check, describes as an “epic cooldown.” This on-chain metric, which assesses the spending behavior of Bitcoin relative […]

Market Trends: Bitcoin and Meme Coins’ Performance Analysis

Bitcoin is currently trading at $63,330, marking a -1.5% dip in the last 24 hours as it begins to recover from last week’s decline. The broader cryptocurrency market mirrors this trend, with meme coins experiencing significant fluctuations. These coins often see substantial gains in bullish markets but suffer losses when the bears dominate. Among the […]

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 […]