The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.5 million, to Tornado Cash, a cryptocurrency mixer that is under U.S. sanctions. This action, identified by the security firm PeckShield, is a common technique used by cybercriminals to obscure the trail of stolen funds and make it more challenging for authorities to trace and recover them. On the 18th of July 2024, WazirX was struck by...
Read More »Ethereum Exchange Reserves Rise Amid Death Cross Worries, Where Will ETH Head Next?
There has been a shift in the Ethereum market, as rising exchange reserves signal a potential new distribution phase coinciding with growing concerns over a death cross. This is evidenced by CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets. Ethereum in Jeopardy When the metric rises, it often suggests that traders are moving their ETH onto exchanges, preparing to sell, which can increase supply pressure and contribute to...
Read More »Could the New Meme Coin Base Dawgz Pump on DEX Launch Tomorrow?
The crypto market is about to see the launch of Base Dawgz, a new meme coin that’s been generating immense buzz. Base Dawgz (DAWGZ) will be available on DEXs starting tomorrow, meaning today is the final chance to buy tokens at the listing price. With excitement building, this multi-chain meme coin could be about to shake up the sector for good. Base Dawgz’s Multi-Chain Capabilities Catch Investors’ Attention Base Dawgz is drawing attention because of its multi-chain...
Read More »Bitcoin, Ethereum, Ripple Whales Retreat: Here’s What it Means
Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each, reflecting intense activity from large holders. However, by 21-27 August, this number had nearly halved to...
Read More »Oasys Teams Up with SBI Holdings to Drive Blockchain Gaming in Japan
Oasys partners with SBI Holdings to speed up the growth and liquidity of its ecosystem. The collaboration has the goal of assuring the success of blockchain games that will launch in late 2024 Oasys, a blockchain platform known for its dual Layer 1 and Ethereum-based Layer 2 networks, has announced a strategic partnership with Japan’s financial powerhouse SBI Holdings, Inc. This collaboration revealed in Oasys’ August 29 press release, is set to accelerate the growth of the Oasys ecosystem...
Read More »Vitalik Buterin Accused of Selling ETH for Profit, Denies Claims
Crypto circles on X accused Buterin of selling ETH for profits. Many defended him as he denied the allegations. Ethereum co-founder Vitalik Buterin moved large sums of ETH, causing some crypto users to call him out for his actions. He denied the claims of profiting from the selling, mentioning the proceeds were for funding projects he believed in and other charitable initiatives. A crypto user on X accused him of selling over $2 million worth of ETH on August 30 after he published a bullish...
Read More »Vitalik Buterin Moves Millions in Ethereum Sparking Debates About ETH Sales
Ethereum co-founder Vitalik Buterin has once again transferred a large amount of ETH, sparking fresh discussions within the crypto community. According to a report from Lookonchain, Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. Shortly after, 190 ETH from this wallet was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. Is Buterin Offloading ETH? This transaction follows a larger transfer Buterin made on August 9, where...
Read More »Crypto All-Stars’ Presale Nears $900K as Meme Coin Staking Hype Explodes
Crypto All-Stars is setting the meme coin space on fire, with its presale surging towards the $900,000 milestone. The buzz surrounds the project’s new MemeVault feature, which unites meme coins like never before. With hype building, investors are asking: could Crypto All-Stars (STARS) be 2024’s next breakout crypto? Crypto All-Stars Defies Meme Coin Bearishness & Nears $900K Mark Meme coins are having a rough week. DOGE and WIF have dipped 4%, BRETT is down 12%, and...
Read More »Ethereum-based Altcoins Leads in Top Projects with High Centralization
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Read More »Ethereum Restaking Surge Driven by Lower Staking APRs
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