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How KiloEx Recovered Hacked Funds After Major Exploit KiloEx, the decentralized exchange (DEX), successfully recovered all of the $7 million in funds stolen during a recent hack, showcasing the resilience of its community and legal team. The DEX is also offering a 10% bounty to the ethical hacker who assisted in the recovery effort, marking…
Bitcoin Volatility Signals from Mid-Term Holders CryptoQuant has identified a significant shift of 170,000 BTC, valued at over $14 billion, from mid-term holders, signaling a potential period of heightened volatility for Bitcoin. This movement often precedes major market transitions, marking a crucial moment for traders and investors alike. Understanding Bitcoin Volatility Signals from Mid-Term Holders…
Current CoinDesk 20 Index Market Performance Update In today’s update, the CoinDesk 20 Index is trading at 2464.88, reflecting a 0.4% increase since Friday, with 18 of 20 assets showing positive momentum. Notable leaders include FIL and POL, both up 3.7%, while ADA and BTC are slightly down by 0.2%. Background and Context The current…
Braiscompany Crypto Fraud Case Sentencing Details Revealed Executives Face 171 Years in Total for Large-Scale Scheme A Brazilian court has sentenced three executives from the notorious Braiscompany scheme to a staggering total of 171 years in prison, marking a pivotal moment in the nation’s fight against crypto fraud. These executives were found guilty of deceiving…
The Impact of Interest Rates on Bitcoin Value Explained As traditional markets remain subdued over the Easter holiday, the impact of interest rates on Bitcoin value is highlighted by President Trump’s recent calls for Federal Reserve Chair Jerome Powell’s removal. With Bitcoin treading water amid economic uncertainty, understanding these developments is crucial for investors navigating…
HashKey Capital Launches First Investment Fund Tracking XRP in Asia HashKey Capital has unveiled the HashKey XRP Tracker Fund, positioning it as the first investment fund in Asia specifically designed to track XRP’s performance. This innovative offering allows professional investors to gain exposure to the digital asset without direct management and enhances Ripple’s strategic collaboration…
Bitcoin Prices Under Pressure Amid Political Uncertainty As Bitcoin hovers just below $85,000, escalating tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell are creating significant uncertainty in the market. Wednesday’s market dip, attributed to Powell’s hawkish comments, underscores the fragility of investor confidence in the face of growing political strife. Background…
Kyrgyzstan Moves Closer to Digital Currency with New Law Kyrgyzstan President Sadyr Japarov has signed new legislation that grants legal status to the proposed ‘digital som,’ bringing the country a step closer to possibly issuing its own central bank digital currency. The National Bank of the Kyrgyz Republic is set to commence testing this year…
LayerZero Secures $55M from A16z for Expansion LayerZero’s ZRO token price surged Thursday after Andreessen Horowitz’s crypto arm announced a $55 million investment in the interoperability protocol, solidifying its commitment with a three-year lock-up period. This investment marks a significant milestone in LayerZero’s journey as it aims to enhance cross-chain communication across 125 blockchains. Understanding…
The Impact of Global Economic Tensions on Solana As uncertainty looms over global trade policies, Solana (SOL) has shown resilience, rising over 4% amidst market volatility. Recent technical analysis indicates a critical support zone forming at $125-$127, positioning SOL favorably against broader crypto market fluctuations. Background and Context The recent surge in Solana’s price, rising…
