Kelvin

High-Stakes Moves by Whales Illuminate the Crypto Seas.

Wealthy Bitcoin (BTC) traders have recently initiated substantial movements of billions of dollars in the flagship digital asset, shuttling significant amounts between crypto exchanges and unidentified wallets. According to data from the whale-tracking platform Whale Alert, one prominent BTC whale executed a noteworthy transaction on January 31st, transferring 35,049 BTC valued at $1,518,020,170 from an…

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Analyst Highlights Bullish Signal in Dogecoin Rival, Predicts Double-Digit Surge for Bitcoin

Cryptocurrency trader and strategist Ali Martinez is sharing optimistic views on both a Dogecoin (DOGE) competitor and Bitcoin (BTC), highlighting potential buy signals and upward trends. According to Martinez, the Tom Demark (TD) Sequential indicator is currently “flashing a buy signal” for Shiba Inu (SHIB), suggesting that SHIB might be gearing up for an upswing….

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Argentine Authorities Eliminate Cryptocurrency Taxes from Comprehensive Legislation

The omnibus bill, officially known as the “Law of Foundations and Starting Points for the Freedom of Argentines,” previously allowed taxpayers to declare ownership of certain undisclosed assets, including cryptocurrencies. This provision aimed to reduce associated payments and fees. The bill encompassed a range of reforms designed to advance various areas, and one significant aspect…

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Ripple Co-founder’s Personal XRP Accounts Hacked, Losing 213 Million XRP

In a recent development within the Ripple ecosystem, a security breach occurred involving the personal XRP accounts of co-founder Chris Larsen, resulting in the illicit access and theft of approximately 213 million XRP, with an estimated value exceeding $110 million. Initial reports on the incident seemed to suggest a broader attack on Ripple, but CEO…

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Jupiter’s Massive Token Airdrop on Solana Soars, Showcasing Solana’s Resilience in Handling High Activity

The recent token airdrop on the Solana (SOL) blockchain marked a significant event, as Jupiter executed one of the largest airdrops in the network’s history. Valued at approximately $700 million, Jupiter distributed its JUP token to nearly one million wallets. The token’s launch, which commenced at 10 a.m. ET, saw early bids at $0.41, escalating…

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FTX Abandons Relaunch Plans: Former Customers to be Repaid in Full, but Challenges Loom.

During a Wednesday hearing, an FTX lawyer revealed that the cryptocurrency exchange has abandoned plans for a re-launch, despite initially indicating otherwise. Filing for bankruptcy in late 2022, FTX’s former CEO, Sam Bankman-Fried, was subsequently found guilty of defrauding stakeholders. The lawyer stated that although FTX intends to repay former customers in full, the platform…

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Jupiter’s JUP Token Set to Soar: Anticipating a $700 Million Market Impact with Exciting Airdrop Launch!

At present, the JUP-USD perpetual is trading at 65 cents on Aevo, indicating a market capitalization of $700 million since its inception. Jupiter, a decentralized trading aggregator built on Solana, is gearing up to introduce its native token, JUP, via an airdrop set for Wednesday at 10 a.m. EST. The initial maximum circulating supply of…

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Terraform Labs strategically leverages Chapter 11 bankruptcy to fund its appeal against the SEC’s fraud lawsuit

Terraform Labs, the company behind TerraUSD and Luna cryptocurrencies, has filed for Chapter 11 bankruptcy protection, allowing it to appeal the U.S. Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a filing, Terraform Labs CEO Chris Amani emphasized the necessity of bankruptcy protection for the company’s ongoing operations, creditor and stakeholder value preservation, and…

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Bitcoin Price Maintains Stability Amidst Market Activity

Bitcoin initiated a positive move, surpassing the $42,000 resistance and clearing hurdles at $42,500 and $43,200. However, encountering resistance around $43,800, the price established a weekly high at $43,779 before a brief correction. A downside correction saw a dip below $43,200, breaking the 23.6% Fibonacci retracement level of the upward swing from $41,650 to $43,779….

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