Author: News Room
According to on-chain data, a substantial amount of 16 million XRP has been transferred from Upbit, one of South Korea’s largest cryptocurrency exchanges, to an unknown wallet. The movement of a large amount of XRP from Upbit to an unknown wallet has led to speculation within the cryptocurrency community about the possibility of a whale buying XRP. The transfer was detected and reported by Whale Alert, a service that tracks large cryptocurrency transactions: “16,000,000 XRP worth $10,027,185 was transferred from Upbit to unknown wallet.” 🚨 16,000,000 #XRP (10,027,185 USD) transferred from #Upbit to unknown wallethttps://t.co/5aLp1phiEs — Whale Alert (@whale_alert) March…
Arjun Sethi, the former CEO of Tribe Capital, appeared on CNBC’s “Closing Bell: Overtime” on March 28 to discuss the ramifications of Sam Bankman-Fried’s (SBF) trial and sentencing on the crypto industry. Arjun Sethi is a distinguished figure in the entrepreneurial and investment landscape, holding key positions as the Co-Founder, Chairman, and Chief Investment Officer of Tribe Capital, a venture capital firm founded in 2018 that oversees assets exceeding $1.6 billion and has invested in startups such as Carta, Relativity Space, Airtable, MoonPay, and Kraken. Tribe Capital stands out in the venture capital and cryptocurrency sectors for its innovative use…
In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the critical role of money supply in understanding economic health. Peter Schiff Warns: U.S. Economy on the Brink, Echoes of 2008 […] Read the full article here
Litecoin (LTC) surged by nearly 20% over the past three days after the U.S. Commodity Futures Trading Commission (CFTC) referred to the asset as a commodity in a legal complaint. On Tuesday, the U.S. Department of Justice (DOJ) and the CFTC unsealed an indictment against the crypto exchange KuCoin and two of its founders, Chun Gan and Ke Tang. The DOJ alleges the exchange operated an unlicensed money-transmitting business, failed to maintain an adequate anti-money laundering (AML) program and received over $5 billion worth of suspicious and criminal proceeds. The CFTC also charged KuCoin with illegally dealing in off-exchange commodity futures…
One of the two founders of the popular meme cryptocurrency Dogecoin, Billy Markus, a crypto influencer with 2.1 million followers on the Twitter/X social media platform, has published a tweet about Bitcoin price and founder (former CEO) of the FTX cryptocurrency exchange. Sam Bankman-Fried, widely known within the cryptocurrency community by his initials – SBF – has been sentenced to spending decades in prison for defrauding FTX investors and customers. He will be doing a 25-year term in prison. DOGE founder ponders on where BTC will go after SBF is free again In his court statement, the former FTX billionaire…
Move over Bored Apes. Thanks to a contract with Walmart to sell stuffed toy versions of its cute aquatic birds,The Igloo Co is home to the world’s hottest NFT collection. By Maria Gracia Santillana Linares, Forbes Staff Aisle 17 of the Walmart Supercenter in North Bergen, New Jersey is one of a half dozen devoted to the children’s toys and games. Christmas season has long passed, but there’s one item still flying off the shelves despite the fact that the birds depicted by the cartoonish plushies and plastic figurines inside the boxes, are incapable of flight. Adorable plushies, known as…
cc0 NFT mfers NFT collection founder Sartoshi launched a memecoin called mfercoin on the Base network early this morning. The new coin was distributed as an airdrop to mfer NFT owners. Mfercoin’s market capitalization has already exceeded $300 million and transaction volume exceeded $76 million. The base price of the mfer NFT has increased significantly by over 60% in the last 24 hours, reaching over 0.6 ETH. However, the memecoin in question lacks any use case or intrinsic value, and its price rises and falls based entirely on speculation. In addition, since it is released by an anonymous developer, there…
As Ethereum’s price experiences a temporary dip, a notable trend has emerged, indicating potential long-term implications for the cryptocurrency’s value. Rising whale transactions, particularly among large Ethereum holders, have sparked interest among analysts and investors as a potential indicator of Ethereum’s future price trajectory. In recent weeks, Ethereum’s blockchain has witnessed a surge in whale transactions, which are large transfers of ETH carried out by entities holding significant amounts of the cryptocurrency and are often greater than $100,000. The rising number of whale transactions on Ethereum’s blockchain is being viewed by some analysts as an indicator of the cryptocurrency’s long-term…
Litecoin (LTC) continues its impressive bullish momentum, surging past the $105 resistance level. The current price of $104.61 with a 10.38% gain in the last 24 hours signals strong upward potential. Here’s the updated analysis: Key Points LTC breaks above the $77-$79 support zone, confirming a bullish trend. The next major resistance level is at $140. MimbleWimble integration and Grayscale Investments add to the bullish sentiment. Updated Technical Analysis Litecoin LTCUSDT Chart 4D on 30 MAR Litecoin’s breakout above $105 strengthens the bullish outlook. If this momentum continues, LTC could target the $140 level, a potential gain of over 30%.…
The legal tussle between the SEC and Ripple could be approaching a final resolution, as court records show that the parties just had a settlement conference. According to the CourtListener legal database, the United States District Court for the Southern District of New York recently scheduled a settlement conference regarding the ongoing legal tussle between the SEC and Ripple. The conference, held yesterday at 3:10 PM (ET), was presided over by Magistrate Sarah Netburn. Interestingly, an X user @bobaboy76239 shared a photo of Ripple execs Brad Garlinghouse and Stuart Alderoty entering a federal courthouse in New York yesterday. Spotted @bgarlinghouse…