Crypto trader Avraham “Avi” Eisenberg was found guilty by a Manhattan jury in October 2022 of orchestrating a $110 million fraud scheme targeting the decentralized finance (DeFi) protocol, Mango Markets.  According to prosecutors, Eisenberg, operating under a false identity, allegedly engaged in market manipulation to drive up the price of Mango’s token, MNGO, and related contracts, ultimately exploiting an exchange feature to withdraw $110 million in cryptocurrency with no intention of repayment. Avi Eisenberg’s Manipulation Scheme Exposed During the trial, prosecutors revealed that Eise ..read more

Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000. Here’s what the whales are doing while the market panics. How The Bitcoin Whales Are Behaving At The Moment In a new post on X, the market intelligence platform IntoTheBlock revealed how the Bitcoin whales have been behaving recently, given the struggle the asset’s price has been going through. Whales popularly refer to BTC investors carrying at least 1,000 tokens in their wallets. At the current exchange rate, this amount is worth about $63.5 million. Due to this massive scale of holdings, the whales ca ..read more

As the highly anticipated Bitcoin halving event approaches on April 19, a fascinating trend is emerging among miners. Unlike the pre-halving sell-offs witnessed before the Halvings of 2016 and 2020, miners accumulate, going against previous trends.  Miners Accumulating Bitcoin In a post on X, one analyst, while citing CryptoQuant data, notes that since the beginning of 2024, the total BTC balance held by miners has grown by a staggering 12,100 BTC, reaching a total of 217,000 BTC.  This behavior starkly contrasts with what happened in 2016 and 2020 before the network slashed miner re ..read more

According to a South China Morning Post report, Hong Kong customs officers have apprehended three individuals in connection with a massive HK$1.8 billion ($228 million) money-laundering operation that exploited a crypto platform and bank accounts associated with shell companies.  The arrests were made following an investigation into suspicious activities involving “abnormally frequent” and large transactions in bank accounts lacking tax records, import and export declarations, and physical addresses. Suspects Allegedly Used Tether During the probe, it was discovered that one of the accoun ..read more

On-chain data shows the Bitcoin “accumulation addresses” have observed all-time high inflows following the latest asset price slump. Bitcoin Accumulation Addresses Have Aggressively Bought The Dip As an analyst in a CryptoQuant Quicktake post pointed out, the total Bitcoin inflows going towards the accumulation addresses have set a new all-time high recently. The “accumulation addresses” here refer to wallets that have only a history of receiving transactions and never of sending. This means that these addresses have only purchased coins and have never participated in any selling. Besides this ..read more

Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price. These speculations have led to theories on who the whale buyer might be amidst a continued price decline for Dogecoin, with the most prominent hypothesis being billionaire Elon Musk. Whale Accumulating Dogecoin Dogecoin is currently on an extended price decline, with its price now down ..read more

Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year. Binance’s Cost To Return To India According to a recent report from India’s Economic Times, the exchange intends to return as a registered entity, aiming to comply with the country’s anti-money laundering laws and tax regulations. This strategic move entails paying a hefty $2 million penalty as part of its efforts to “reform” its South Asian entity. Notably, this development follows the Indian gover ..read more

Crypto analyst Javon Marks has laid out an ultra-bullish narrative for the XRP price, predicting that the crypto token’s price could increase exponentially to triple figures. The analyst also alluded to XRP’s historical price pattern to show that this price move was possible.  XRP Price Could Rise Above $200 Javon Marks mentioned in an X (formerly Twitter) post that the XRP price “may be more than poised” to rise above $200 based on his Full Logarithmic follow-through analysis. He further noted that XRP saw a price increase of over 108,000% in the 2017 bull run and has since set up and br ..read more

Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license.  Opening Doors For Retail And Institutional Investors According to a local media report, the VASP license obtained by Binance FZE allows the company to expand its offerings in Dubai, catering to retail and institutional investors.  With this license, Binance FZE can now provide a comprehensive range of virtual asset products to individual customers, including spot trading, margin tra ..read more

Recession, war, rising inflation—history has shown that these conditions consistently reappear, and when they do, they signal a systematic change in the global economy. With dramatic change comes risk, fear, and volatility. According to Ray Dalio, every 100 years or so, situations where the hegemony of a global superpower comes to an end always create new beginnings, and therefore, opportunities abound. After the Wall Street Crash of 1929, the Great Depression, and two World Wars, what came of the disaster was the birth of a booming stock market and the Information Age that ultimately resulted ..read more