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In an unexpected turn of events, Dogecoin, the beloved dog-themed memecoin, has skyrocketed to its highest level in over a year, experiencing a staggering 17% price gain and witnessing a remarkable 100% surge in trading volume within the past 24 hours. Santiment feed data reveals a remarkable spike in Dogecoin transactions, soaring from 1.22 billion … Read more
In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion … Read more
The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the … Read more
Following the negative news of criminal charges against KuCoin by the US Government, a significant movement of assets away from the exchange has been observed. Spotonchain data reveals that approximately $500 million has been withdrawn from KuCoin on the Ethereum network in the past few hours. ~$500M has been withdrawn from the Kucoin exchange on … Read more
In a month marked by significant value spikes across various altcoins in the cryptocurrency space, Render (RNDR), an AI-focused token, has emerged as a standout player in the AI sector. Renowned for its role in AI infrastructure, RNDR has been drawing comparisons to industry giant Nvidia. In the past 30 days alone, RNDR has surged … Read more
After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $1.7 Billion Pulled From Kucoin Since the Department of Justice (DOJ) accused Kucoin and its founders of breaching the Bank Secrecy Act and anti-money laundering regulations, there … Read more
On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating … Read more
The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure the targeted use of these funds. Russian Digital Ruble … Read more
Litecoin, a leading cryptocurrency, has seen relatively stable price movement today, registering a modest 0.13% gain. Despite this, on-chain activity paints a promising picture, with the total number of addresses holding Litecoin continuing to surge. Currently standing at 8 million, this figure reflects a significant increase of over a million hodlers compared to the same … Read more
KuCoin, a prominent player in the cryptocurrency exchange arena, has found itself embroiled in legal proceedings with US prosecutors over alleged violations of anti-money laundering (AML) regulations. The exchange, known for its substantial daily trading volume exceeding $2 billion, has been accused of failing to comply with American AML rules, as revealed by federal prosecutors … Read more