Posts

Showing posts with the label crypto exchange

KuCoin Surges 16% Amid Dogecoin Mining Announcement

Image
KuCoin (KCS) is experiencing quite a surge, contrary to the market-wide sentiment. CoinGecko data shows that KCS’s price has rallied 1.2% in the daily charts, 16.1% in the weekly charts, 21.8% in the 14-day charts, 43% over the previous month, and 79.4% since September 2024. KuCoin’s latest rally comes amid the platform announcing its initiative to capture 10% of Dogecoin mining capacity. Source: CoinGecko Will Dogecoin Mining Send KuCoin To a New All-Time High? Source: Blockchain News KuCoin is launching the KuMining platform, which aims to give institutional investors exposure to Bitcoin (BTC) and Dogecoin (DOGE) hashrate. According to reports, the initiative will be backed by global mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of power resources. The Dogecoin and Bitcoin mining exposure may lead to increased interest in KuCoin (KCS). The asset is currently down by nearly 48% from its all-time high of $28.83. KCS hit its peak during the 2021 bull run, near...

Vultisig founder says DPRK-linked Bybit transactions are ‘legitimate’

Crypto sleuth ZachXBT has called out a crypto wallet firm Vultisig for crowing about $200,000 it generated in revenue that is largely made up of crypto stolen from Bybit and laundered by North Korea. THORChain founder John-Paul Thorbjornsen claimed the $200,000 in revenue was made through swaps via his multi-chain crypto wallet firm Vultisig. However, ZachXBT noted, “a good chunk of that revenue is being generated from the Bybit hack.” He said, “DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size.” JP I hope you realize a good chunk of that revenue is being generated from the Bybit hack. DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size. pic.twitter.com/yy9S4JRdIm — ZachXBT (@zachxbt) March 20, 2025 ZachXBT’s screenshots show BTC increments worth between $50,000 and $200,000 being swapped with Vultisig.   Read more: FBI confirms North Korean ‘TraderTraitor’ to blame for $...

Bullish: Coinbase increases offerings in New York as anti-crypto policy softens in the US

Coinbase (NASDAQ: COIN), the leading United States crypto exchange, increased its assets offerings in New York, making more cryptocurrencies available. The change comes as the Southern District of New York promises to soften its anti-crypto approach in the region post-FTX. The world’s financial center and US city is known for having a singular regulation regarding cryptocurrencies, requiring services to adapt. However, it might be ending following a Manhattan US Attorney decision, Gary Gensler’s hint to resign, and Coinbase’s new offerings. In particular, Coinbase Assets announced six new cryptocurrencies are now available to New York residents this Wednesday, November 13. They are Arbitrum (ARB), Sei Network (SEI), Aioz Network (AIOZ), MultiversX (EGLD), Helium Mobile (MOBILE), and Stader (SD). Picks for you Here's when Cardano (ADA)...

BlackRock On Track To Hold World’s Largest Bitcoin Stash By Late 2025, Overtaking Satoshi Nakamoto, Binance

Image
Asset management titan BlackRock has become the third largest holder of Bitcoin (BTC), and is on track to become the top holder by late next year. BlackRock’s spot Bitcoin ETF (IBIT) holds over 350,000 Bitcoins, the asset manager’s website shows. With the current price of the leading crypto, the dollar value of the fund’s holdings stands at more than $20.8 billion. Binance And Satoshi Nakamoto The Only BTC Holders Above BlackRock The top two holders of Bitcoin above BlackRock’s IBIT are the crypto exchange platform Binance and the pseudonymous creator of Bitcoin, Satoshi Nakamoto. ”Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October,” said Bloomberg Intelligence ETF analyst Eric Balchunas. “BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time.” Spot Bitcoin ETFs in the US collectively hold 909,700 BTC. Didn’t realize US ETFs are...

Crypto Exchange Trading Volume Sinks Amid Debt-Ceiling Talks

Image
Also Read: SEC Staff Emails Reveal XRP Failed Howey Test advertisement Conclusion On Debt Ceiling To Pump Market? Data Depicts that the top Crypto exchange s‘ spot trading volume dropped by a huge margin over the past day. Binance , the world’s largest Crypto exchange trading vol dipped by over 34% in the last 24 hours. It now stands at around $3.3 billion. Coinbase, the U.S. biggest Crypto exchange trading vol declined by almost 40% over the past day to stand at $302 million. However, Kraken registered a slide of around 48% in its 24 hour trading volume to stand at $142 million. Source: CoinMarketCap Also Read: AI Regulations Soon? G7 Nations Agree AI Needs Rules Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...