Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $ 100 billion mark, hitting a low of $ 86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $ …
New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State
New York Attorney General Letitia James has secured a $ 50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending …
Cryptoquant CEO Predicts Bull Run Midpoint as Bitcoin Recovers
The price of bitcoin experienced a challenging May, dipping below $ 60,000 to reach a low of $ 56,500 per unit on May 1, 2024. Currently valued at $ 66,900 per unit, bitcoin’s price is showing improvement as June approaches. The founder of the onchain and market data platform Cryptoquant has noted …
LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody
The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $ 6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware On March 19, 2024, the LAPD, along with detectives …
December Sparks NFT Sales Surge — Bitcoin Dominates as Market Recovers, Iconic Collections Realign
In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week. Bitcoin Outshines as NFT Sales Skyrocket in Early December This past week’s NFT sales amounted to approximately $ 316 million. Despite this …