The U.S. Department of Justice has charged two Russian nationals for hacking Mt Gox and laundering the stolen crypto.  The two Russians have been accused of stealing some 647,000 BTC between 2011 and 2014.  The Russians are facing two charges, conspiracy to commit money laundering and operating an unlicensed money service business.  If convicted, the defendants could be sentenced to […]

A long-dormant Bitcoin whale has resurfaced after 10 years, amassing an astounding profit of around $38 million.  The transaction was reported by on-chain analysis firm LookIntoChain on Twitter, providing a glimpse into the intriguing world of cryptocurrency whales. As per the Thursday tweet, the dormant whale, who had remained inactive for over a decade, initiated a transfer of 1,432.93 BTC, […]

Bitcoin shook off the U.S. Securities and Exchange Commission’s (SEC) latest enforcement actions to climb back up to as high as $27,300.13 today, according to CoinGecko. BTC recovering lost ground prompted Arthur Hayes, the founder and former CEO of cryptocurrency exchange BitMEX, to make a bullish prediction for the largest cryptocurrency by market capitalization. BTC Bulls Unfazed By New SEC […]

Cryptocurrencies staged a dramatic rebound, early on Wednesday, after a rout a day earlier in the aftermath of the legal action against crypto giants Binance and Coinbase. Overall crypto market capitalization surged to $1.12 trillion after dropping to as much as $1.08 trillion in the past 24 hours. Bitcoin rallied to $27,332.18, from the low of $25,442.77 touched earlier. At […]

Shares of Stitch Fix, Inc. (SFIX), an online personal styling service provider, are surging more than 30% after reporting narrower loss in the third quarter, above analysts’ view. The company reported a loss of $21.8 million or $0.19 per share in the third quarter, narrower than 78.04 million or $0.72 per share loss in the same quarter a year ago, […]

Shares of United Natural Foods, Inc. (UNFI), a natural and organic food company, are down more than 25% in pre-market on Wednesday after reporting lower profit in the third quarter, below Street view. The company also cut its full-year adjusted earnings outlook. “Our profitability was impacted by a greater than expected decline in gross margins reflecting a challenging operating and […]

Popular cryptocurrency analyst Ali Martinex has said that Bitcoin has its “most important support level” between $26,360 and $27,160. The range is notable, as it represents a significant volume for the cryptocurrency. As per Martinez’s observations, over 2.36 million unique Bitcoin addresses bought more than 1 million Bitcoin within this price range. This data implies that a substantial number of […]

Franklin Templeton, one of the world’s largest asset managers with over $1.5 trillion in assets under management, plans to invest heavily in Bitcoin as well as its underlying technology. This strategy was revealed by Sandy Kaul, the Senior Vice President of Franklin Templeton’s burgeoning crypto business, during a Sunday interview with Scott Melker, host of the Wolf Of All Streets […]

In a recent development, esteemed cryptocurrency analyst Willy Woo has announced the launch of SyzCrest, an institutional-grade crypto hedge fund. This news was shared by Woo himself via a series of tweets on June 2, 2023. Woo, recognized for his data-driven approach to understanding and forecasting cryptocurrency markets, has worked on this project for the past 18 months. Woo’s expertise […]