The US and UK governments have initiated a collaborative investigation into crypto transactions exceeding $20 billion that are suspected of breaching Russian sanctions. These transactions are believed to have been funneled through the Russian crypto exchange, Garantex, as a means to evade international sanctions and potentially fund military endeavors in Ukraine. Despite facing comprehensive sanctions,
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After a period of bearish sentiment, Bitcoin bulls seem to have taken control once again as evidenced by the significant inflows into Spot Bitcoin ETFs. Farside Investors recently reported that on March 27, the Spot Bitcoin ETFs saw inflows of $243 million. This surge was largely driven by BlackRock’s iShares Bitcoin Trust (IBIT) and ARK
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Bitcoin price is currently consolidating gains above the $69,000 support zone, showcasing positive signs for potential growth. The digital currency must successfully clear the $71,500 resistance zone in order to initiate a steady increase in value. As Bitcoin continues to trade above $69,000 and the 100 hourly Simple Moving Average, a major bullish trend line
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In a recent case that shocked the nation, a South Korean civil servant was arrested for committing crypto-related fraud and carrying out voice phishing attacks. The accused, a level six district office official in her 50s, allegedly received money from multiple victims and converted the fiat to Bitcoin. She then sent the coins to a
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Recently, the crypto community has been abuzz with the news of a Bitcoin whale making massive transactions, moving a substantial amount of BTC across different wallets. The blockchain analysis platform Arkham Intelligence brought this to light in a post on social media platform X (formerly Twitter). The Bitcoin address 37XuVSE transferred over $6 billion in
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The cryptocurrency market is experiencing a surge, particularly in the meme coin sector. Popular meme coin DogWifHat (WIF) has seen a significant increase of 42% in the last seven days. Additionally, Dogecoin (DOGE), the original Shiba Inu referencing cryptocurrency, has also surged by 37% over the same period. These gains have outpaced the performance of
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The recent criminal charges levied against KuCoin by US authorities have resulted in a significant surge in withdrawal requests from the platform. Data from various on-chain analytics firms such as DefiLlama, Nansen, and SpotOnChain indicate that traders across different categories, including whales, funds, smart money, and market makers, have been withdrawing their assets en masse.
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The recent security breach that occurred on the web3 gaming platform Munchables has sent shock waves through the cryptocurrency community. The platform lost a staggering $62.5 million in Ethereum due to an exploit on the Blast network. Munchables confirmed the exploit through a post on social media, stating that the loss occurred on March 26.
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