Author: Dren.H

Crypto gaming tokens like Axie Infinity, Ronin, and Illuvium surged, with ApeCoin reaching a three-month high. The recent week witnessed a notable rise in gaming-related cryptocurrency tokens, with Axie Infinity (AXS), Ronin (RON), and Illuvium (ILV) leading the pack among the top 100 cryptocurrencies in terms of market capitalization. This surge also saw ApeCoin (APE) reaching a three-month peak during the weekend. Axie Infinity and Ronin Surge Axie Infinity, with its AXS token, showcased a remarkable performance, climbing by 12% in the past week. CoinGecko data indicates a current price of $6.88 for AXS. The token achieved a near six-month…

Ark Invest sold $5.3 million in Coinbase shares and bought $1.2 million in Robinhood amid shifting crypto market dynamics. Recently, Cathie Wood’s Ark Invest has adjusted its portfolio in the cryptocurrency sector. This involved selling a significant portion of Coinbase shares and concurrently purchasing shares of Robinhood. Ark Invest sold 43,956 shares of Coinbase, equating to approximately $5.3 million. This sale occurred as Coinbase’s stock value soared to its highest in the past 18 months. In contrast to this divestment, Ark Invest displayed confidence in Robinhood by acquiring 143,063 shares, valued at around $1.2 million, for its Ark Fintech Innovation…

The price of Bitcoin soared from $12 to $37,000 in 11 years since its first halving, anticipating the 2024 event. Eleven years ago, a crucial moment in the history of cryptocurrency unfolded: Bitcoin, the world’s leading digital currency, had its first halving. This event marked the beginning of an extraordinary trajectory, taking Bitcoin’s value from a modest $12 to an impressive $37,000 today. The significance of this anniversary lies not just in the remarkable growth but also in the anticipation of the next halving, expected in April 2024. Bitcoin’s journey began nearly 15 years ago, with the first transaction recorded…

According to Arthur Hayes, Binance paid the record $4.3 billion fine for challenging U.S. financial norms, influencing global crypto and finance dynamics. The cryptocurrency exchange Binance, under the leadership of Changpeng “CZ” Zhao, has recently faced a historic $4.3 billion settlement for defying U.S. laws concerning money laundering and terror financing. This development, as explained by former BitMEX CEO Arthur Hayes, is seen as a result of the rapid expansion of Binance and its challenge to the established financial and political norms in America. Binance’s Rapid Rise Since its inception in 2017, Binance has grown tremendously, becoming the world’s leading…

Jim Cramer shifts his stance on Bitcoin, admitting past mistakes and embracing cryptocurrency despite prior skepticism. Financial analyst and media personality Jim Cramer recently acknowledged a shift in his stance on Bitcoin, highlighting his past misjudgments about the cryptocurrency. Historically known for his fluctuating opinions on digital currencies, Cramer’s latest comments reflect a more accepting view of Bitcoin. In late 2022, during a time when Bitcoin’s value was approximately $17,150, Cramer advised investors to offload their cryptocurrency holdings, deeming it an unfavorable investment. However, since that recommendation, Bitcoin’s price has seen a significant uptick, currently trading around $37,390, an increase…

Montenegro court approves the extradition of Do Kwon; decision awaits after his prison term for document forgery. In a recent development concerning the Terra founder Do Kwon, a court in Podgorica, Montenegro’s capital, has sanctioned his extradition. This decision follows Kwon’s arrest at Podgorica’s airport in March, where authorities apprehended him with forged documents. The Montenegrin Justice Minister now holds the pivotal role in determining whether Kwon will face extradition to the United States or South Korea. Do Kwon, a prominent figure in the cryptocurrency industry, has been under intense scrutiny following the dramatic collapse of terraUSD last year. Furthermore,…

The son of ECB President Christine Lagarde lost 60% in crypto, despite her warnings against such investments. Christine Lagarde, the President of the European Central Bank (ECB) and a known critic of Bitcoin, recently shared a story about her son and his venture into the volatile world of cryptocurrency. This story came to light during a town hall meeting with students in Frankfurt on November 24. Lagarde, who has consistently voiced her skepticism about cryptocurrencies, revealed that her son experienced a significant financial loss in this sector. In an interesting twist, despite Lagarde’s extensive background in finance and her critical…

KyberSwap offers a 10% bounty for the return of $46M stolen in a sophisticated DeFi heist. KyberSwap, a decentralized exchange, has proposed a 10% bounty to the perpetrator behind the recent $46 million heist. This offer, amounting to $4.6 million, hinges on the condition that 90% of the stolen funds are returned. The exchange has set a deadline of 6 am UTC on November 25 for the hacker to comply. The Heist and Its Aftermath On November 22, KyberSwap suffered a significant security breach. The hacker skillfully extracted approximately $20 million in Wrapped Ether (wETH), $7 million in Wrapped Lido-staked…

A Bitcoin sender mistakenly paid a record $3 million fee for a $2 million transaction due to a costly error. In a recent error within the Bitcoin network, a sender mistakenly paid a staggering $3 million in transaction fees for a $2 million Bitcoin transfer. This incident, which is now the highest ever transaction fee in Bitcoin’s history, involved the transfer of 139.42 BTC, valued at approximately $5.1 million. However, a significant portion of this amount, precisely 83.64 BTC, was inadvertently consumed as transaction fees, leaving only 55.77 BTC (around $2 million) for the recipient. The complexity of Bitcoin transactions,…

Binance transferred $3.9B in USDT ahead of a $4.3B DOJ settlement, raising questions about its financial strategies. The recent actions of Binance, a leading crypto exchange, have garnered significant attention. Days before finalizing a settlement with the Department of Justice (DOJ), Binance initiated a large-scale transfer of Tether (USDT), moving $3.9 billion from its cold wallet. This move, though not directly linked, coincides intriguingly with the company’s settlement agreement involving a substantial penalty. The Tether Transfer Binance executed this major transaction on November 9, transferring USDT from one of its cold wallets, Binance-Cold 2, to another internal wallet, Binance 3.…