Crypto News

The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks. On Sept. 20, the non-profit sold 300 ETH for over $760,000 as Ethereum price rose to above $2,500. The Ethereum Foundation has once again dumped more Ether tokens, this time offloading 300 ETH worth more than $760,000. According to on-chain data, the foundation sold the 300 ETH on Friday for an average of $2,543 – which is a level that is 5% up on intraday lows of $2,440. In recent days, the organization had put some breaks to its selling spree. Before the brief lull, the Ethereum Foundation had become one of the top ETH holders to dump as prices stalled. But on Sept. 20, the dump resumed. EF has sold Ether every 4-7 days On Sept. 6, the Ethereum Foundation sold 100 ETH for $226,868. It’s a sale that brought the foundation’s increased selling across three weeks to 650 ETH, with these valued at about $1.5 million. According to on-chain insights platform Spot On Chain, the non-pr...

BingX was hacked early Friday, Sept. 20, with $43 million in cryptocurrencies stolen from the exchange’s hot wallet. Hacker stole ETH, BNB, USDT and over 300 other coins and tokens. On-chain data shows the attacker quickly swapped most of the assets for Ethereum and BNB. BingX has been hacked , with the security breach resulting in the draining $43 million from the Singapore-based cryptocurrency exchange’s hot wallet. Blockchain security firm PeckShield reported on the exploit early Friday. Etherscan data indicates that of the $43 million stolen, over $13.2 million ETH, more than $2.3 million BNB, and more than $4.4 million USDT. The hacker also drained BingX’s hot wallet of 360 other coins – with these swapped into ETH and BNB at decentralized exchanges including Uniswap and KyberSwap. BingX suspends withdrawals Vivien Lin, the chief executive officer of BingX, confirmed the incident via an update posted on X. Lin noted that the exchange’s technical team detected the breac...

WIF, PEPE and SEI were among top performing altcoins as Bitcoin surged to above $63,800 on Sept. 19. These gains followed US Federal Reserve’s 0.5% interest rate cut. Analyst says WIF could outpace market in coming weeks. Meme coins dogwifhat (WIF) and Pepe (PEPE), as well as layer 1 blockchain Sei (SEI) are among the top gainers in the past 24 hours as several altcoins record their best performances for a while. SEI was up 19%, WIF 17% and PEPE 12% as crypto rose amid Bitcoin’s surge to above $63,000 on Thursday. According to data from CoinGecko, SEI price reached highs of $0.35 as its volume jumped 224% to over $345 million. Meanwhile, WIF traded to $1.81 across major exchanges, notching an intraday volume of over $717 million with a 24-hour increase of 109% at the time of writing. Popcat (POPCAT), which has rallied since Kraken announced spot trading support , continued to outpace all other top 100 coins by market cap. However, meme coin Pepe also recorded decent gains to r...

Alberta’s Bill 16 will allow third-party operators in online gambling by 2025 The province aims to capture grey market bets and boost revenue like Ontario Safeguards like self-exclusion and player monitoring will promote responsible gambling Alberta is on the brink of a significant shift in its online gambling landscape. With the passage of Bill 16, the province aims to open up sports betting, iGaming, and crypto casinos to third-party operators by the end of this year.  Alberta’s move follows Ontario’s example and is designed to capture the grey market while promoting responsible gambling through updated regulations and safeguards. Bill 16 a game-changer for Alberta’s gambling industry In May, the Alberta government passed Bill 16, also known as the Red Tape Reduction Statutes Amendment Act, marking a monumental shift in the province’s approach to online gambling.  The bill, which received Royal Assent shortly after, allows the provincial government to oversee and re...

Telegram’s mobile-first approach boosts tap-to-earn game popularity in emerging markets. Ease of access through channels and built-in wallets attracts new and casual gamers. Major investors and existing game success position Telegram gaming for rapid growth. Telegram gaming has quietly been building momentum, and with the rapid integration of blockchain technology, it’s poised to become one of the biggest success stories of 2025. While most people think of Telegram as a messaging app, it also offers users the ability to play games directly on the platform, without ever leaving the app. Powered by The Open Network (TON) blockchain, these games range from fun trivia and strategy titles to lucrative tap-to-earn crypto games, which have especially gained traction in the developing world. With strong backers and a growing user base, Telegram gaming could be the breakout success story of the next year. The strength of the developing world One of the main reasons for the explosive gr...

Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K. Ethereum and Solana have also surged, reflecting a broader crypto market rally. Caution remains due to economic uncertainties and potential regulatory issues. Bitcoin (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points. The move by the Fed, aimed at bolstering economic growth and mitigating recession risks, has ignited a rally across digital assets. The monetary policy adjustment has not only energized Bitcoin but also lifted a broad range of altcoins and risk assets. Next Bitcoin (BTC) price resistance level at $63k Currently trading around $62,096, Bitcoin’s price has demonstrated a solid 24-hour gain of 2.29% and a more impressive 7-day increase of 6.20%. Most notably, the price breach above the $62,000 mark represents a crucial psychological milestone for Bitcoin, following a period of consolidation near $60,000. Technical analysis...

Silvergate Capital filed for bankruptcy on September 18, 2024, in Delaware. The bank, shuttered in March 2023, will not compensate common stockholders. Regulatory probes and the crypto market collapse blamed for Silvergate’s financial downfall. Silvergate Capital, the parent company of Silvergate Bank, filed for bankruptcy in Wilmington, Delaware on September 18, 2024. The move marks a significant chapter in the bank’s troubled history, following its abrupt shutdown in March 2023. The bankruptcy filing , filed under In Re: Silvergate Capital Corp, US Bankruptcy Court for the District of Delaware, No. 24-12158, aims to finalize the bank’s liquidation and settle its remaining debts. With approximately $163 million in cash, Silvergate Capital plans to repay bondholders and preferred equity holders but does not anticipate compensating common stockholders. Silvergate’s rapid expansion and sudden collapse Silvergate Bank experienced extraordinary growth as the cryptocurrency market ...