News – Page 34

Traders Anticipate an XRP Bull Run Following the Surge to $0.65 (Ripple Price Analysis)

XRP/USDT pair has broken above the large descending channel and the 200-day moving average. The $0.7 level is a probable target before a longer-term destination of $ 0.9. On the Bitcoin pair, things look quite different in the grand scheme of things. The market has recently tested the 800 SAT long-term support area and rebounded slightly higher. If the price finds a bottom around this zone, the first target for a potential uptrend would be the 1300 SAT resistance zone.

Source: CryptoVizArt, 2024-03-05; https://cryptopotato.com/traders-anticipate-an-xrp-bull-run-following-the-surge-to-0-65-ripple-price-analysis/

US: Two Sentenced for Exploiting Bankrupt Individuals in Fraud Scheme

Brian Fenner, 45, of Indiana, and Dennis Birkley, 64, of Wisconsin, received sentences of 77 and 60 months, respectively, in U.S. federal prison for several counts of fraud and money laundering. The charges stemmed from a fraudulent “free bankruptcy program” the two conjured up. “These two men shamelessly exploited the financial difficulties of their victims to enrich themselves, disguising their scheme as a potential lifeline to people who were in extreme financial difficulty,” said FBI Indianapolis Special Agent in Charge Herbert J. Stapleton.

Source: Written by Henry Pope, 2024-02-08; https://www.occrp.org/en/daily//en/daily/18451-us-two-sentenced-for-exploiting-bankrupt-individuals-in-fraud-scheme

Bitcoin With a Monster Monthly Candle, Solana Explodes, Memes Soar: This Week’s Recap

The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven days alone. The rest of the market followed suit, and even Ripple’s XRP, which was lagging throughout most of the year, increased by 10%. Solana took the main stage and surging by 30%. Meme coins also took center stage, with perhaps the best and most unexpected performer being Dogwifhat (WIF). WIF managed to increase to an incredible $1 billion market cap in less than half a year.

Source: George Georgiev, 2024-03-02; https://cryptopotato.com/bitcoin-with-a-monster-monthly-candle-solana-explodes-memes-soar-this-weeks-recap/

Cathie Wood’s Ark Invest Dumps Coinbase and GBTC Shares Amid Market Revival

Ark Invest reduced its crypto-related holdings, shedding 42,613 shares of Coinbase and a substantial 100,739 shares of the Grayscale Bitcoin Trust (GBTC) The move was executed amid a Bitcoin-led crypto rally that has captured the attention of investors worldwide. Meanwhile, Ark Invest recently its spot Bitcoin ETF filing in response to feedback from the SEC. Presently, approximately 12 spot BitcoinETFs are awaiting approval by the agency. Last month, the regulatory body delayed all pending spot Bitcoin IPO applications.

Source: Wayne Jones, 2023-10-25; https://cryptopotato.com/cathie-woods-ark-invest-dumps-coinbase-and-gbtc-shares-amid-market-revival/

Seneca Recovers 80% of Funds After $6.4M Exploit

The Seneca Protocol hacker has given back $5.3 million worth of Ether tokens after draining $6.4 million. Initial investigations suggested that an approval mechanism bug in the protocol’s smart contract was exploited. The stablecoin protocol had recently confirmed roping in with law enforcement but offered leniency, stating the team wouldn’t take legal steps if the hacker returned 80% of the funds, keeping 20% as a reward. The vulnerability from a function in the Seneca protocol’s smart contract code called ‘performOperations’

Source: Chayanika Deka, 2024-03-01; https://cryptopotato.com/seneca-recovers-80-of-funds-after-6-4m-exploit/

All Optimism Holders in Profit as OP Breaks All-time High: ITB

OP, the native token of Optimism, is currently in profit following its surge past its all-time high. Over one million addresses holding OP, including wallets that acquired the token at $4.01, are currently in the money. OP has seen significant growth in recent months, staying afloat as one of the top performers among large-cap altcoins. Optimism was founded in 2019, but OP was launched in May 2022 with a portion of its supply airdropped to eligible users.

Source: Mandy Williams, 2024-03-06; https://cryptopotato.com/all-optimism-holders-in-profit-as-op-breaks-all-time-high-itb/

Azerbaijani Police Raid Toplum TV and Democracy Group, Detaining 7

Police raided the office of independent media outlet Toplum TV and arrested its journalists on accusations of smuggling. About half were released several hours later, but the remaining journalists remain in custody. Police subsequently searched an office of a political organization established in December by a group of local democracy activists. Akif Gurbanov, who heads the organization’s board, was arrested on the same smuggling charges and also remains in custody, police say. The newsroom was sealed, its Instagram account was taken down, and its YouTube channel was renamed.

Source: Written by Fatima Karimova and Kelly Bloss, 2024-03-08; https://www.occrp.org/en/daily//en/daily/18539-azerbaijani-police-raid-toplum-tv-and-democracy-group-detaining-7

Yulia Navalnaya: Vladimir Putin Killed My Husband

“Shamefully, cowardly, without ever looking him in the eye or even mentioning his name,” Navalnaya said. Three days after the Russian Federal Penitentiary Service announced Navalny’s death, his family and lawyer are still being denied access to his body. “He also wanted to kill our hopes, our freedom, and our future… to destroy and erase the best proof that Russia can be different,” she added. The suspicion of poisoning was reinforced by , a close associate and spokeswoman of the late Alexei Navalny, who stated on her X profile that the R.

Source: Written by Zdravko Ljubas, 2024-02-21; https://www.occrp.org/en/daily//en/daily/18486-yulia-navalnaya-vladimir-putin-killed-my-husband

Was Justin Sun The Mysterious Ethereum Whale Who Bought $160M in ETH?

$160.7 million in ETH acquisition based on the associated address. Justin Sun, the founder of Tron, could be the individual behind the acquisition. The wallet, recognized by the partial address “TWGHNc,” has been examined for its transactions, including a withdrawal of 500 million USDT in Tether from HTX, previously known as Huobi. The correlation between from the wallet and another wallet, ‘0x7a95,’ has drawn attention due to their synchronized activities, suggesting a possible connection.

Source: Wayne Jones, 2024-02-21; https://cryptopotato.com/was-justin-sun-the-mysterious-ethereum-whale-who-bought-160m-in-eth/

Why Is Bitcoin (BTC) Price Down 15% Since the ETF Approvals? ChatGPT Rival Weighs in

The US Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs to be traded on financial markets last week. But they turned out to be a sell-the-news event, after which the price of the underlying asset slumped by 15% in a week or so. Since then, BTC has been unable to recover a bigger portion of its losses and currently below $42,000. According to the crypto community, as well as traditional investors, the asset is worth $49,000 today.

Source: Jordan Lyanchev, 2024-01-21; https://cryptopotato.com/why-is-bitcoin-btc-price-down-15-since-the-etf-approvals-chatgpt-rival-weighs-in/

Archives