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Crypto bank Anchorage Digital is drawing attention for suddenly accumulating massive amounts of one decentralized finance (DeFi) altcoin.
Blockchain tracking firm Lookonchain says that Anchorage Digital has used 13 wallets in the past month to accumulate more than $49.4 million worth of MKR, the native token for the DeFi protocol Maker.
The most recent purchases came on Monday, with Anchorage...
The founders of crypto analytics platform Glassnode say that Bitcoin (BTC) may reach $85,200 before summer if a technical setup plays out.
In a new thread, the co-founders of Glassnode , who go by the handle Negentropic on the social media platform X, tell their 62,800 followers that the crypto king appears to be breaking out of a bullish pennant pattern.
“BTC [is] currently in process of...
SEC Allocating ‘Grossly Disproportionate’ Amount of Resources to Crypto, Says Lawyer Jake Chervinsky
Digital asset legal expert Jake Chervinsky thinks the U.S. Securities and Exchange Commission (SEC) is allocating a “grossly disproportionate” amount of resources toward regulating crypto.
Chervinsky, the chief legal officer at the crypto fund Variant, blasted the SEC for recently sending out a Wells Notice to Robinhood’s crypto trading arm.
A Wells Notice is a warning issued by the SEC that...
America’s biggest financial institutions are collaborating on a new initiative to explore an on-chain settlement system for tokenized cash and assets.
According to an announcement from the Securities Industry and Financial Markets Association (SIFMA), members of the “regulated U.S. financial sector” have launched a Regulated Settlement Network (RSN) proof-of-concept (PoC) that aims to explore the...
Deep-pocketed investors are scooping up massive amounts of two artificial intelligence (AI)-related altcoins, on-chain data suggests.
Blockchain-monitoring service Lookonchain noticed that a Binance wallet linked to crypto investment firm DWF Labs suddenly received a large amount of Fetch.ai (FET), a decentralized machine learning project.
“Wallet ‘0x633c’ transferred 1 million FET ($2.25...
The hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash, according to the digital asset de-anonymizing platform Arkham.
Arkham notes the hacker moved 1126.1 ETH worth more than $3.4 million into Tornado Cash across a series of 20 transactions on Monday and Tuesday.
They represent the exploiter’s first moves into the controversial...
On-chain analyst Willy Woo thinks Bitcoin (BTC) could be primed to surge in price.
Woo tells his 1.1 million followers on the social media platform X that the top crypto asset is flashing a bullish divergence “with lots of room to run” on its volume-weighted average price (VWAP) oscillator chart.
“Seems like a good setup for BTC to reach escape velocity.”
Source: Willy Woo/X
VWAP represents the...
Analytics firm IntoTheBlock is issuing an alert, saying that deep-pocketed Bitcoin (BTC) investors are starting to flash signs of exhaustion.
IntoTheBlock says on the social media platform X that Bitcoin whales have taken every opportunity since March of this year to load up on BTC whenever the crypto king pulls back.
But the analytics firm warns that wallets holding more than 1,000 BTC are...
The chairperson of the U.S. Commodity Futures Trading Commission (CFTC) Rostin Behnam is warning that the crypto industry is likely to face more headwinds from regulators over the coming months.
Speaking at the 2024 Milken Institute Global Conference, the CFTC chair says that the crypto industry will “probably see in the next six to 18 months or six to 24 months another cycle of enforcement...
The chief executive of market insights platform Fundstrat is reiterating that Bitcoin (BTC) will still post massive gains this year despite its choppy price action in the last six weeks.
In a new CNBC interview, Tom Lee says Bitcoin’s bull market cycle is far from over.
According to Lee, Bitcoin and other asset classes have not yet agreed that the Fed is shifting to a looser monetary policy.
“...