The Singapore High Court has approved Zettai Pte Ltd’s proposal to restructure cryptocurrency exchange WazirX after it suffered a devastating $230 million hack, reportedly linked to North Korea’s Lazarus Group. The court granted a 16-week moratorium, shielding Zettai from legal actions while it develops and presents a comprehensive recovery plan to creditors. This restructuring effort … Read more
Bitcoin wallet addresses with at least $100 have grown 25% in the past year, reaching nearly 30 million.
Polkadot (DOT) daily chart shows a classic bullish pennant. It is a continuation pattern that often precedes the next move higher in an upward trend. Polkadot $DOT has caught the eye of traders. Analysts say that DOT looks ready to break out of a bull pennant, heading to $17. With the breakout, it could be … Read more
No one wants to invest in a pump-and-dump token, everyone wants the best crypto pick for 2025, a token that combines real use with high returns. Over the past few years, Ethereum and Polygon have made headlines as top choices. Meanwhile, Remittix has entered the scene with a promise to simplify remittances even further, attracting … Read more
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Recent data showed consistent upward momentum for USDT, indicating strong demand across crypto ecosystems. Meanwhile, USDC, which experienced a decline in mid-2023, has seen a sharp recovery, reflecting renewed confidence from both institutional and retail investors. This surge in stablecoins underscores their growing role as a liquidity source independent of central banks. Unlike traditional fiat … Read more
David Schwartz, chief technology officer at Ripple, has predicted that Bitcoin will likely remain the number one cryptocurrency “for a long time.” Schwartz has explained that the value of money comes rather from network effects than the technology behind it. However, when asked to define a specific time frame, Schwarz did not rule out that … Read more
Next week marks a significant event for several cryptocurrency projects as they prepare for major token unlocks that could influence market dynamics. The total value of tokens being unlocked next week surpasses $450 million, which could lead to notable price fluctuations across affected tokens. Tokenomics expert from COINOTAG noted, “Unlocks are critical milestones that can … Read more
Jack Mallers, CEO of Zap, stated that Ripple, a cryptocurrency company, was actively lobbying against a strategic bitcoin reserve. In what he called an emergency press conference on social media, Mallers claimed that Ripple was “actively spending” millions of dollars trying to undermine a strategic bitcoin reserve in the U.S. Mallers revealed that Ripple would … Read more
Bitcoin’s price movements over the weekend have been quite underwhelming, but the asset has remained stable at around $105,000. The altcoins are with minor gains on a daily scale but the weekend charts show a different picture for many of them. BTC Holds Steady at $105K The largest cryptocurrency went through a spectacular ride at … Read more