Crypto news

South Korea has witnessed a surge in crypto trading, particularly following a market recovery. Correspondingly, authorities in the country received almost 49% more alerts of potentially suspicious transactions from crypto service providers in 2023 compared to the previous year. A paper from the Financial Intelligence Unit (FIU) revealed that South Korea logged 16,076 instances of reported crypto transactions suspected of links to activities like money laundering, market...

The Angel Drainer phishing group reportedly pilfered over $400,000 from 128 crypto wallets using a new tactic. A recent analysis suggests that the notorious entity exploited Etherscan’s verification tool to mask the malicious nature of a smart contract. Blockaid, a popular blockchain security company, disclosed on X (formerly Twitter) that the attack kicked off at 6:40 am on February 12, 2024. Angel Drainer Targets Safe Vault Contract Angel Drainer deployed a malicious Safe...

Robinhood’s quarterly results are in – and they have once again beaten expectations, if only by a marginal amount. Although Robinhood has by no means been spared the aftershocks felt throughout the crypto market and the larger economic sector, things are looking up for the popular trading firm. Revenues Are Up, Costs Are Down Overall, in the fourth quarter of 2023, Robinhood saw a 24% increase in net revenues year-over-year, adding up to a total of $471 million and beating...

Bitcoin (BTC) recently soared past the $50,000 mark for the first time since December 2021 and has remained on the rise, currently trading above $51,900. Analysts from on-chain intelligence platform CryptoQuant have attributed the asset’s rise to high demand from the recently approved spot Bitcoin exchange-traded funds (ETFs). According to CryptoQuant’s latest weekly report, an estimated 75% of new money invested into BTC is coming from ETFs, excluding Grayscale’s GBTC....

Bitcoin faced some untypical for the weekends volatility yesterday and dropped by roughly a grand and a half, but has recovered most losses and now sits close to $52,000. Most altcoins have also turned green today, with ETH reclaiming the $2,800 level and SOL returning to $110. BTC Heads Toward $52K Again After closing last week with a 13% gain, BTC started the current one with another surge on Monday that drove it to $50,000 for the first time in over two years. The US CPI...

Solana’s ecosystem has been booming in the past few months, giving birth to a number of meme coins that came to prominence only to decline and subsequently fade into oblivion. That hasn’t been the case with WIF, however, as – by all measures – it appears that the dog, indeed, still has a hat. Dogwifhat (WIF) has seen its price exceed $0.40 in the past 24 hours, surging by more than 16%, as seen in the chart below: Source: DexscreenerIt’s worth noting that WIF’s move comes...

Bitcoin’s start of 2024 has been quite impressive not only in price movements but also in terms of global adoption following the approvals of nearly a dozen spot BTC ETFs in the US. With the fourth halving scheduled to take place in about two months, the primary cryptocurrency is expected to have a highly positive year, with some predictions indicating a price tag of up to $150,000, which would mean a 3x surge from this point. However, once BTC starts to head north, so do...

Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203% quarterly and an impressive 598% year-over-year, reaching a milestone of $2 billion. Stacks Q4 Report Reveals 363% TVL Increase Messari’s “State of Stacks Q4 2023” report pointed to a 363% quarterly increase in total...

A federal police officer is currently undergoing legal proceedings in the Melbourne Magistrates’ Court, facing allegations of pocketing confiscated cryptocurrency from an online drug trafficking syndicate. The committal hearing, presided over by Magistrate Malcolm Thomas, is ongoing, with the defendant’s lawyer saying the case was “circumstantial” and they would dispute the accusations. Drug Trafficking Raid Unveiled Crypto William Wheatley, the currently suspended federal...

The weekend isn’t treating Bitcoin’s price right as it has tumbled below $51K, erasing some of the gains achieved during the rally in the past few days. As seen in the chart below, the price took a turn for the worse in the past few hours. Source: TradingViewData from CoinGlass reveals that this has also sent ripples through the derivatives market, liquidating a total of $122 million in the past 24 hours. As it’s expected, the volume of these moves is significantly lower...