crypto
The largest Friend.tech (FRIEND) whale, identified as “Murphys1d,” sent shockwaves through the crypto community by swiftly offloading over 55,000 newly issued FRIEND tokens right after the platform’s airdrop launch on May 3. The whale’s move caused the value of the FRIEND token to plummet by more than 75%, with prices nosediving from $3.26 to just $0.8095 within hours. Although the price had recovered to around $1.17 at press time, the sudden token sell-off has caused chaos among users just after the token airdrop launch. Users like Luke Martin lamented their inability to claim their airdroppe...
Invezz
There are signs that Bitcoin (BTC) is headed for potential relief from the selling pressure it has faced in recent weeks. The M2 money supply, a crucial economic indicator, has flipped positive for the first time since November 2022, hinting at a shift in investor sentiment towards assets like Bitcoin. In addition, prominent crypto market figures including the former BitMEX CEO and the current CEO of Vailshire Capital Management believe Bitcoin has hit bottom and could start seeing a gradual recovery. M2 money supply points to easing selling pressure Contrary to the expectation of many, Bitcoi...
Invezz
Bitcoin (BTC) plunged to its lowest level in two months on Wednesday. Bitcoin Spot ETFs observed $563 million in net outflows, as seen on CoinGlass. Analysts believe Bitcoin bottom is likely between the $55,000 and $57,000 level. BlackRock’s IBIT records first daily outflow, worries BTC holdersBitcoin holder sentiment turned negative as Spot ETFs recorded their largest single day outflow. BlackRock’s IBIT lost $37 million for the first time since its inception, a cause for concern among market participants. Bitcoin holdings of spot BTC ETFs Bitcoin wiped out 8% of its value since Monday, down ...
Invezz
“India is experiencing a significant evolution in its crypto industry”, says Shivam Thakral. He’s the chief executive of BuyUcoin. Thakral expects crypto adoption to accelerate in IndiaThakral is convinced the world’s fifth largest economy is seeing a “shift in mindset” from its typical risk-averse investment approach. And the momentum, he told Invezz in a recent interview, will only accelerate as regulatory clarity continues to improve moving forward. Still, the chief executive agreed there were risks involved and recommended that investors conduct thorough research and take a long-term stanc...
Invezz
Resonance Security, pioneering a comprehensive cybersecurity approach for both Web2 and Web3, announced the successful closure of a $1.5 million Pre-Seed funding round. This funding, led by prominent venture capital firms in the digital asset space, aims to fuel the company’s rapid expansion and innovation in cybersecurity solutions. Strategic backing from industry leadersThe funding round was co-led by Arca, Fabric VC, and Blockchain Founders Fund—firms known for their strategic investments in the tech and digital assets sectors. These investors have backed notable projects and companies, dem...
Invezz
Riot Platforms Inc (NASDAQ: RIOT) is in the green at writing after reporting a surprise profit for its first financial quarter. Riot comes in shy of revenue estimates in Q1Revenue printed at $79.3 million in Q1 – versus $95.5 million that experts had forecast, as per the press release the bitcoin miner posted on Wednesday. On the plus side, however, analysts had called for a 21 cents loss on a per-share basis while Riot Platforms came in at a record 82 cents per share of earnings. According to Jason Les – its chief executive: [Riot] achieved a number of significant milestones [in Q1] which fur...
Invezz
In a significant development, Curve Finance, the protocol behind Curve DAO (CRV) cryptocurrency, has recognized the contributions of cybersecurity researcher Marco Croc by awarding him $250,000 for uncovering a critical vulnerability within the protocol. The researcher, operating under the pseudonym Marco Croc and representing Kupia Security, identified a reentrancy vulnerability in Curve Finance’s decentralized finance (DeFi) protocol. The identified vulnerability had the potential to facilitate hackers facilitate hackers in pulling out substantial amounts from cryptocurrency protocols. By di...
Invezz
Today’s Bitcoin price plunge below $57,000 has sent shockwaves through the market, as the entire crypto market slides. However, as popular cryptocurrencies slide, projects like Kangamoon are emerging, offering innovative solutions and opportunities for enthusiasts. Let’s delve into these latest developments in the crypto space, exploring Bitcoin’s dip and the burgeoning Kangamoon project. Bitcoin’s price dipBitcoin has plummeted below the crucial $60,000 support level hitting fresh multi-month lows, marking its worst month since November 2022. After sliding to almost $56k, the BTC price had re...
Invezz
Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for money laundering violations. The sentencing comes after Zhao pleaded guilty last November to failing to establish a proper anti-money laundering program at Binance, the largest cryptocurrency exchange by trading volume. Zhao’s downfall and legal battle with DOJChangpeng Zhao, who founded Binance in 2017, led the company to become a dominant force in the crypto industry. However, his tenure was marred by controversy as U.S. Justice Department officials accused him of prioritizing growth over compliance with U...
Invezz
A dip-pocketed crypto investor caught the attention of market participants with massive Dogecoin (DOGE) transfers. The whale withdrew 226.3 million, worth approximately $40M, DOGE coins from Robinhood on April 30. One transaction involved 150 million tokens, while another moved 76.3 million Dogecoin units. A shift in market dynamics? Whale movements remain crucial in the cryptocurrency market as they often confirm possible future market actions. Large-scale investors influence sentiments within the marketplace, resulting in heightened price volatility. Moreover, crypto expert Michael van de Po...
Invezz
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