Crypto news

FTX Trading Ltd and its affiliated debtors have announced that they are nearing the completion of key steps to implement their court-approved Chapter 11 reorganization plan. Once finalized, the plan will allow the company to distribute up to $16.5 billion in recovered funds to creditors and customers. Distribution Timeline In a November 21 press release, John J. Ray III, Chief Executive Officer and Chief Restructuring Officer of FTX Debtors expressed satisfaction with the...

One of the most popular individuals in the crypto world (and not for good reasons), Ruja Ignatova, also known as the “Cryptoqueen,” is the founder of the fraudulent scheme OneCoin, which embezzled over $4 billion from victims. Ignatova is considered the mastermind of the scam, but her whereabouts have remained unknown since she was last spotted in Greece in 2017. Many conspiracy theories indicate that she might be dead or hiding on a luxurious yacht in the Mediterranean Sea....

Nick Neuman, the CEO of Bitcoin storage solutions provider Casa, recently shared an encounter with a phishing scammer impersonating Coinbase support to steal from high-value cryptocurrency holders. In a November 20 post on X, Neuman described how he played along during a call to uncover the depth of the scheme. Preying on Wealthy Crypto Holders The recorded conversation started as a seemingly ordinary phone call with the con artist posing as a Coinbase support agent. He...

Bitcoin (BTC) has been flirting with the $100,000 mark over the last 48 hours as optimism for a higher rally engulfs the market. As a result, investors have become very greedy. Data from the Crypto Fear and Greed Index, which tracks investor sentiment across the market, indicates that participants are in an extremely greedy phase. This is evident in the index figure rising above 90 to hit 94 for the first time in three years. Investors Become Extremely Greedy The fear and...

The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC. If this isn’t a clear bear signal, we don’t know what is. Bitcoin Is a ‘Winner’ The host of CNBC’s Mad Money has frequently outlined somewhat controversial viewpoints and advice in his show. His success rate, at least when it comes down to crypto, has been… mixed. Actually, he has changed...

TL:DR; Enemy number one for Ripple and many other cryptocurrency projects in the US will be leaving in January. XRP already reacted with a massive surge after the news broke, but how high can it go? This is the answer from ChatGPT and Perplexity. Gensler Leaves, XRP Surges The current chair of the US Securities and Exchange Commission announced on Thursday evening the long-anticipated news that he will leave his position at the agency on January 20, 2025 – the day...

It’s been barely a few weeks since the pro-crypto candidate Donald Trump won the United States presidential elections, and the digital asset market still feels the impact of that victory. As the Trump administration prepares to take complete charge of affairs at the White House by January, crypto users anticipate what this could mean for the industry. According to a quarterly institution report by the digital asset exchange Bybit and the crypto research firm Blocks Scholes,...

Bitcoin tried and tried to break into a six-digit price territory but was stopped just inches below $100,000 and has been pushed south by around a grand. Its dominance over the alts has slumped in the past day, as many, such as DOGE, ADA, AVAX, and DOT, have charted double-digit surges. BTC Fails at $100K Bitcoin had a highly positive business week, which started with a price surge to over $90,000 on Monday. After a brief retracement, the bulls returned and helped BTC chart a...

Since the Trump Trade narrative ran its course in the crypto market, several digital assets, including Ethereum, have surged in value; however, while most coins have seen investors take profits, the same cannot be said for ETH. According to a CryptoQuant report by pseudonymous analyst Onatt, retail ETH investors appear to be holding their positions instead of taking profits, suggesting that many traders still see the cryptocurrency as undervalued. Retail ETH Investors Not...

South Korean investigators revealed that the 2019 Upbit cryptocurrency heist, which resulted in the theft of $50 million worth of ETH, was carried out by North Korean hacking groups Lazarus and Andariel, linked to the Reconnaissance General Bureau, which happens to be DPRK’s premiere intelligence organization. Upbit, one of South Korea’s leading crypto exchanges, first reported the attack exactly five years ago. During the incident, 342,000 ETH, worth around $147 per ether,...