Recent significant Bitcoin (BTC) and Wrapped Bitcoin (WBTC) transactions have drawn attention to an address suspected to be connected to Justin Sun’s team. The activity has sparked widespread speculation within the cryptocurrency community, especially following BitGo’s recent decision to transition WBTC custody to a joint venture involving Sun’s TRON ecosystem.
Solana (SOL), the fifth-largest altcoin by market cap, has extended its minimal gains. After a 2.67% spike in the last 24 hours, SOL hit the $148 mark. Despite struggling to $150, the altcoin signals a brief bullish rally for the day surpassing its previous resistance levels. The token opened the
Hong Kong lawmaker Johnny Ng Kit-chong has proposed creating a legal framework to regulate decentralized autonomous organizations (DAOs) to bolster Hong Kong’s stability in the Web3 investment landscape. Ng believes that such regulation would attract significant overseas talent and capital, reinforcing the city’s position as a global leader in digital
The cryptocurrency sector has fallen short of analysts’ predictions since July. Market analysts expected the H1 bullish momentum to sustain in the second half and propel prices further. However, the crypto market witnessed tremendous crashes twice in the past few months, causing prices to plummet to previous support levels. Notably,
The blockchain community came together for an unforgettable evening at the “Blockchain Networking Night,” a prestigious event hosted by LBank and SaitaChain at Boulevard Plaza Tower 2, Downtown Dubai. This exclusive gathering attracted 65 attendees, including blockchain enthusiasts, industry professionals, and investors, creating a vibrant atmosphere for networking and knowledge
Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use
New steps to address anti-money laundering regulations have been announced by China’s Supreme People’s Court and Supreme People’s Procuratorate. The legal interpretation sets very stringent standards for the prosecution of offenses relating to money laundering as of August 20, 2024. The primary goal of the new regulations is to prevent
Ripple’s XRP token has emerged as a beacon of resilience amidst a sea of bearish sentiment engulfing the broader cryptocurrency market. Defying the prevailing downward pressure, XRP has charted a consistent upward trajectory, successfully maintaining its position above the critical $0.560 support level. In the face of heightened market volatility,
While ETH prices are struggling, the gas fee for Ethereum has lately dropped to its lowest point in five years. Kaiko recently highlighted the decline and what it may mean for the price of the cryptocurrency. Despite the launch of Spot Ether ETF trading in the US, the second biggest
Polygon, Ethereum’s premier scaling solution, finds itself at a critical juncture as it prepares for a major milestone: the migration of its MATIC token to POL, scheduled for September 4. Polygonscan data reveals a stark decline in network activity, with total transactions on the Polygon Proof-of-Stake chain plummeting to 2.44
