News – Page 23

Bitcoin Miners Are Selling Fast But Here’s Why You Shouldn’t Worry, Yet

Bitcoin’s price experienced one of its most significant surges in the past several years since November 6, gaining over $30,000 and exploding beyond $100,000 for the first time ever. As such, some market participants decided to cash in on profits. The popular analytics platform Santiment revealed that miners, the backbone of the Bitcoin network, had liquidated more than 85,500 BTC in just 48 hours. The team described this substantial sell-off as the “most extreme we’ve seen since late February’

Source: Jordan Lyanchev, 2024-12-10; https://cryptopotato.com/bitcoin-miners-are-selling-fast-but-heres-why-you-shouldnt-worry-yet/

USDT Adoption Surges: Outpaces Bitcoin and Nears Ethereum in Wallet Count

USDT emerged as a leading digital asset in Q4 2024, with 109 million on-chain wallets holding it, more than double the number for Bitcoin. 86 million accounts on centralized platforms have received USDT deposits. Analysts estimate that at least one-third – and possibly up to half – of the 330 million users who have interacted with USDT still hold it today. The stablecoin issuer revealed that exchanges recorded 4.5 billion web visits in the first three quarters of 2024, nearly half from emerging markets.

Source: Chayanika Deka, 2024-12-11; https://cryptopotato.com/usdt-adoption-surges-outpaces-bitcoin-and-nears-ethereum-in-wallet-count/

Litecoin Outpaces Dogecoin and Cardano in This Important Metric

Litecoin plunged over 8%, briefly dipping to $104, and eventually recovering to around $113. The decline came after Google revealed it was conducting benchmark tests on its new Willow quantum computing chip, raising concerns over the impact on crypto privacy and wallet security in the market. Despite this, it continues to lead several prominent altcoins in terms of network activity. With over 370,000 daily active addresses and more than 200,000daily transactions, Litecoin has surpassed networks like Dogecoin, Cardano, and Avalanche.

Source: Chayanika Deka, 2024-12-11; https://cryptopotato.com/litecoin-outpaces-dogecoin-and-cardano-in-this-important-metric/

Fox News Journalist Exposes Fake BlackRock Token Scam

Eleanor Terrett raised the alarm on X, stating: “There’s a fake article circulating using my name and official Fox graphics to promote a scam BlackRock token sale” She also users to remain vigilant against the scam. The fake report, dated December 5, falsely claimed that BlackRock had launched a presale for a token named “BlackRock Token (BRT)” The post described this fictional token as a “groundbreaking” initiative to integrate blockchain technology into traditional finance.

Source: Wayne Jones, 2024-12-10; https://cryptopotato.com/fox-news-journalist-exposes-fake-blackrock-token-scam/

Bhutan’s Government Transfers $40M in Bitcoin to QCP Capital

The Royal Government of Bhutan transferred 402 Bitcoin (BTC) worth $39.56 million to QCP Capital. This is the latest in a series of transactions from Bhutan’s government, which has been actively selling its Bitcoin reserves since October. The government has not disclosed the reasons behind these transactions, but deposits to cryptocurrency exchanges are often associated with intentions to sell. In October, it 929 BTC, valued at $66.16 million, to Binance across two transactions. These occurred shortly after Bitcoin surpassed $70,000 for the first time since June.

Source: Wayne Jones, 2024-12-10; https://cryptopotato.com/bhutans-government-transfers-40m-in-bitcoin-to-qcp-capital/

These Signs Suggest That the Altcoin Season Is Upon Us

BTC led the pack after Donald Trump won the US elections by skyrocketing from $68,000 to over $90,000 within weeks. Now, though, the landscape seems to be changing even though BTC flew past $100,000 earlier this week and painted a of over $103,500. The community has long speculated about the start of a new altcoin season – a time period in which alternative coins are reclaiming a significant share of the overall market dominance.

Source: Jordan Lyanchev, 2024-12-10; https://cryptopotato.com/these-signs-suggest-that-the-altcoin-season-is-upon-us/

Dogecoin Tapped New 3.5-Year Peak, Bitcoin Price Slips Below $100K (Weekend Watch)

The primary cryptocurrency’s price rose from under $70,000 to almost $100,000 within a few weeks. However, it couldn’t penetrate into six-digit territory for a while as the bears managed to defend it. This finally transpired last Thursday when BTC went into a above $100k and tapped a fresh all-time high of almost $104,000. What followed was a sudden and violent rejection that drove it south by over ten grand in hours to $92,000 on most exchanges.

Source: Jordan Lyanchev, 2024-12-10; https://cryptopotato.com/dogecoin-tapped-new-3-5-year-peak-bitcoin-price-slips-below-100k-weekend-watch/

BNB Chain Hit by Record Sandwich Attacks in November, Impacting Thousands of Traders

A record 35.5% of BNB Chain’s blocks were affected by Sandwich attacks in November. Over the past week alone, 645 Sandwich Bots were found to be active on the chain. In total, roughly 43,400 DEX traders were impacted during the entire ordeal. A sandwich attack is an MEV technique where an attacker identifies a pending transaction and strategically places orders before and after it. These types of attacks are especially prevalent on decentralized finance (DeFi) platforms and decentralized exchanges (DEXs)

Source: Chayanika Deka, 2024-12-10; https://cryptopotato.com/bnb-chain-hit-by-record-sandwich-attacks-in-november-impacting-thousands-of-traders/

Lukashenko’s Hidden Circle: The People Behind the Power

Mikhail Anishchanka, Lukashenko’s former personal chef, gained international attention in 2015 when French President François Hollande praised his cooking. Trained in elite Russian kitchens associated with Yevgeny Prigozhin—the late Wagner Group leader and a close ally of Russian President Vladimir Putin. Today, he is a culinary celebrity in Belarus. The average salary in the country reached nearly 2,340 Belarusian rubles ($715) in the third quarter of this year.

Source: OCCRP, 2024-12-08; https://www.occrp.org/en/news/lukashenkos-hidden-circle-the-people-behind-the-power

US Targets Crypto Firm for Alleged $115M Investor Fraud

The SEC has accused Touzi Capital, LLC, and its founder and CEO, Eng Taing, of defrauding investors out of approximately $115 million. The investment firm raised nearly $95 million by claiming the funds would be used for crypto mining operations. This lawsuit is part of a broader crackdown by the SEC on cryptocurrency-related schemes, as the commission seeks to protect investors in the rapidly evolving digital asset market. The SEC alleges the firm misled more than 1,200 investors with promises of stability and high returns.

Source: OCCRP, 2024-12-06; https://www.occrp.org/en/news/us-targets-crypto-firm-for-alleged-115m-investor-fraud

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