Bhutan Moves $74M in Bitcoin, Still Holds $1.1B in BTC

Bhutan Moves $74M in Bitcoin, Still Holds $1.1B in BTC

The Royal Government of Bhutan has made significant Bitcoin transfers, moving 751.309 BTC worth approximately $74 million into two separate wallets. The reason for these transactions remains unknown, but Bhutan still holds 11,145 BTC, valued at about $1.1 billion. Breakdown of Transfers of the BTC According to Arkham data, Bhutan’s Bitcoin transfers were executed as … Read more

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Bybit Suffers Record-Breaking $1.5 Billion Crypto Heist

Bybit Suffers Record-Breaking $1.5 Billion Crypto Heist

Dubai-based cryptocurrency exchange Bybit has confirmed a massive security breach resulting in the theft of approximately $1.5 billion worth of digital currency, primarily Ethereum. The incident, potentially the largest cryptocurrency theft in history, has sent shockwaves through the digital asset market. Founder Ben Zhou assured users that their funds were “safe” and that the company … Read more

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SEC Moves Forward with Grayscale’s Solana ETF Application

SEC Moves Forward with Grayscale’s Solana ETF Application

The U.S. Securities and Exchange Commission (SEC) has taken an important step by accepting Grayscale’s updated request for a spot Solana (SOL) exchange-traded fund (ETF). This is a big move since the SEC had previously turned down similar applications due to legal concerns. Why This Matters to Investors Grayscale, a well-known crypto investment firm, had … Read more

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Ethereum's Pectra Upgrade

Ethereum’s Pectra Upgrade: Key Features and Expected Timeline

Ethereum is gearing up for a major network upgrade, known as the Pectra Upgrade (previously planned two Prague and Electra upgrades), with testing set to begin on February 26 on the Holesky testnet, followed by Sepolia on March 5. According to Tim Beiko, a core Ethereum developer, the upgrade’s timeline will be finalized after a … Read more

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BERA SURGE

Berachain (BERA) Surges 630% in a Day – What’s Driving the Rally?

Berachain (BERA) has taken the cryptocurrency market by storm, soaring an incredible 630% in just one day. Currently priced at $7.705, BERA has seen extreme price swings, hitting a high of $14.99 and a low of $1.00. This dramatic surge has captured the attention of investors and traders worldwide, with Binance playing a crucial role … Read more

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BYBIT FACES PENALTY

Bybit Faces $1.06 Million Penalty for Violating India’s Anti-Money Laundering Laws

The Financial Intelligence Unit of India (FIU-IND) has imposed a monetary penalty of $1.06 million (₹9.27 crore) on Bybit, the world’s second-largest cryptocurrency exchange, for breaching the Prevention of Money Laundering Act (PMLA), 2005. Bybit operates as a Virtual Digital Asset (VDA) service provider, making it a reporting entity under Indian law.However, the company continued … Read more

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Scott Bessent wins Senate confirmation as US Treasury secretary

U.S. Senate Approves Scott Bessent as Treasury Secretary, a Pro-Crypto Champion

On January 27, the U.S. Senate confirmed Scott Bessent as the 79th Treasury Secretary with a 68-29 vote. Bessent, a billionaire hedge fund manager, earned support from 16 Democrats, alongside Republicans, marking a significant win for former President Donald Trump’s administration. Known for his global finance expertise, Bessent is supporter of Trump’s economic agenda. Ripple … Read more

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Ethereum cryptocurrency

Ethereum Foundation Injects $165 Million into DeFi Ecosystem

The Ethereum Foundation (EF), the non-profit organization dedicated to the development and advancement of the Ethereum blockchain, has allocated a substantial sum of 50,000 ETH, valued at approximately $165 million, to bolster the decentralized finance (DeFi) landscape. Strategic Allocation to Fuel DeFi Growth The EF has established a new multisignature wallet, requiring three out of … Read more

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mrbeast

MrBeast and Solana: Will the YouTube Star Enter the Meme Coin Arena?

Following the noticeable success of the Official Trump Token, a Solana-based memecoin associated with a prominent political figure, speculation is circulating online about whether popular YouTuber MrBeast (Jimmy Donaldson) will launch his own memecoin on the Solana blockchain. The Solana Foundation’s recent follow of MrBeast on X (Twitter) This speculation has gained traction due to … Read more

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