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Ilya Lichtenstein, the mastermind behind the biggest-ever hack of crypto exchange Bitfinex, must face 5 years of prison sentence, US prosecutors urged to a district judge in Washington. Lichtenstein and his wife Heather Morgan plead guilty to the money-laundering conspiracy tied to the $6 billion hack of the Bitfinex exchange. Prosecutors Demand 5 Years of…
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SingularityDAO, Cogito Finance, and SelfKey have announced a strategic merger to form Singularity Finance. This new entity will enhance the tokenization of the artificial intelligence economy through a specialized Layer-2 network. The unified platform will introduce the SFI token as its core network token, consolidating the three existing tokens, SDAO, CGV, and KEY, into a…
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During Tuesday’s U.S. market session, Cardano’s ADA token dipped 0.4% to $0.36, continuing its five-month sideways trend while maintaining support above $0.30. This consolidation phase raises questions about whether ADA can build enough momentum to challenge its previous all-time high. Cardano’s Price Correction from $3 ATH The layer-1 blockchain Cardano has seen a substantial correction…
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Cryptocurrency Prices Today, October 16: The broader market’s movement on Wednesday sparked mixed speculations globally. While Bitcoin (BTC) price topped the $67K level over the past day, top altcoins mainly illustrated a volatile movement. Besides, Litecoin (LTC) and Chiliz (CHZ) prices gained 4%-7%, emerging as the day’s top gainers. Simultaneously, the global crypto market cap…
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Binance Coin (BNB) price hints at a potential surge as bulls regain momentum. Following a recent rally, BNB is pushing towards a key resistance level, signaling a possible bullish breakout. Analysts are now eyeing a potential rise to $1000 with market conditions improving. As the rally continues, the Binance price shows strong signs of a…
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TikTok Under Fire: Accusations of Operating as Unlicensed Crypto Exchange in UK The popular social media platform TikTok is facing scrutiny after allegations emerged that it may be functioning as an unregistered cryptocurrency exchange in the United Kingdom. These claims were brought to light in a letter sent by a former compliance consultant for a…
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The cryptocurrency market is experiencing renewed bullish momentum, with Bitcoin recently surpassing the $65,000 mark. Despite minor corrections, many crypto coins are witnessing a surge in demand. Experts suggest that the market’s current trajectory may turn small investments into massive returns within just 60 days, further fueling optimism. 3 Crypto Coins to Turn $10 into…
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The Dogecoin price nosedived back on Tuesday and covered some gains made on Monday. According to Santiment on-chain metrics, the number of Dogecoin holders is well down, with a net loss of around 106,600 non-empty wallets since October 8th. This trend has come as a reason for increasing frustration among traders over the performance of…
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Elon Musk’s Tesla has moved all its Bitcoin holdings, worth $760 million, from its public wallet, marking its first BTC transactions in two years. This has raised questions about the reason for these transactions, with a potential sale of these coins likely to impact the market significantly. However, there is the possibility that the company…
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Ripple’s Chief Legal Officer Stuart Alderoty has outlined the next steps in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The case, which began in 2020, centers on whether XRP should be classified as a security and if Ripple conducted unregistered sales of the token. As the legal proceedings…