Cryptocurrency Analysis and News Portal
2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also eroded trust. The
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"Given the dearth of record-keeping, it may not be possible to fully reconstruct the intercompany Claim," the statement said. "If it were at all possible, it would be a time and cost intensive forensic accounting exercise that would likely require the engagement of a forensic accounting firm to manually reconstruct
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The Bitcoin (BTC) price rose to a new six-month high of $24,800 on February 16, registering a double-digit surge of 15%. The prolific single-day Bitcoin price surge took many by surprise, given February has been historically bearish for the top cryptocurrency. BTC price rose by $1,820 in a single day, making
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Early statistics on ether (ETH), the second-biggest cryptocurrency by market cap, are harder to come by. However, data provided to CryptoX by Crypto Asset Recovery shows that 7% of presale wallets have never had any crypto move – suggesting the ETH in those wallets have just been sitting there, untouched,
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Cyber criminals used a variety of novel ways to carry out hacks and exploits in 2022, with over $2.8 billion of cryptocurrency stolen last year.According to a report from CoinGecko using data sourced from DeFiYield’s REKT Database, nearly half of the total crypto stolen in 2022 was fleeced using diverse
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The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, according to a report from The Wall Street Journal on Jan. 21. The FHLB is a consortium of
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Place/Date: - January 19th, 2023 at 10:37 am UTC · 5 min read Contact: eTukTuk, Source: eTukTuk eTukTuk, the world’s first automotive project built on Cardano, has announced that it will be launching its initial operations in Sri Lanka, a bold step that will redefine the transportation sector
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The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the rate at which most tokens are rallying over the past few days. A recent WhaleAlert report reveals massive XRP whale transfers
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Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.In a Jan. 12 post on Substack, Bankman-Fried — differentiating between companies under the FTX umbrella — claimed FTX US had been “fully solvent” at the time the firm filed
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The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange's collapse, an insolvency attorney told Cointelegraph.In short, a clawback refers to money
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