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Introduction A recent report by onchain analyst Zachxbt revealed that 4,800 bitcoins, worth $144 million, which were taken from the now-defunct darknet marketplace Abraxas, have been transferred to a bitcoin mixing service. This comes after Abraxas exit scammed in November 2015 and the bitcoins had remained untouched since then. Bitcoin Transfer from Abraxas Wallet Zachxbt […]

Amidst the international economic uncertainty with disputes in Ukraine and Israel, coupled with rising interest rates hinted by Jerome Powell of the Federal Reserve, the 10-year Treasury note rose to a record 5% – a level unseen since 2007. This tumultuous situation has resulted in a significant increase in gold and silver prices, aligning with

Hong Kong Updates Regulations for Virtual Asset Service Providers Hong Kong's securities regulator and central banking institution have recently updated the region's crypto policy in response to industry inquiries. The updated policy introduces additional measures to protect retail investors and restrict their access to what regulators deem as "complex products." Background Five years ago, Hong

FTX's Former General Counsel Shocked by Billions of Dollars in Secret Transfers Can Sun, the former general counsel of FTX, testified in federal court on Thursday, revealing his shock upon discovering that FTX founder Sam Bankman-Fried (SBF) had secretly transferred billions of dollars in customer funds to his hedge fund, Alameda Research. Sun told prosecutors

Economist Peter Schiff's Warnings Renowned economist and gold bug, Peter Schiff, has once again raised concerns about the state of the U.S. economy and the U.S. dollar. In a series of social media posts, Schiff highlighted the imminent arrival of a financial and economic crisis that he believes has been long overdue. While many may

Noted billionaire and investment guru Jeffrey Gundlach, fondly known as "The Bond King," has voiced his concerns about the impending danger to the U.S. dollar's reserve currency status. This risk is primarily driven by the escalating national debt. Gundlach warns, "The future of the U.S. dollar, and potentially rampant inflation, hinges on the management of

A direct conflict between Iran and Israel could have far-reaching financial implications, possibly even leading to a worldwide recession, according to economists at Bloomberg. They predict the consequences of such a conflict would include skyrocketing oil prices and a drastic drop in risk assets, which would significantly hinder global economic growth and elevate inflation. They

Recent findings reveal a trend in the cryptocurrency market where bitcoin investors are shifting from being long-term holders to short-term speculators. This trend signifies a potential recovery from the extended bear market that the cryptocurrency landscape has been experiencing. An Overview of The Transition from Long-term Holders to Short-term Speculators A report from the onchain

The Vice President of El Salvador, Felix Ulloa, recently shared his insights on the crucial role that bitcoin's adoption as legal tender has played in the country's economic revival. He believes that this strategic move has not only attracted cryptocurrency-related investments to the nation but has also lured a significant number of tourists. Bitcoin –

The world of cryptocurrencies witnessed a dramatic turn of events due to a misleading report claiming the approval of Blackrock's IShares spot bitcoin exchange-traded fund by the U.S. Securities and Exchange Commission (SEC). This false news led to the liquidation of short positions worth $78.92 million, constituting 57% of the total $136.29 million short positions