Crypto News And Market Updates

Illustration of Bitcoin and Ethereum symbols representing the crypto transactions by Genesis Trading.

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Paulo

Genesis Trading transfers $3 billion in Bitcoin and Ethereum amid bankruptcy to manage creditor repayments and financial restructuring efforts.

Indian Enforcement Directorate officers investigating a crypto scam

India’s Enforcement Directorate Cracks Down on $890K Emoillent Crypto Scam

August 2, 2024 Paulo

India’s Enforcement Directorate targets Emoillent Coin founders, uncovering a crypto scam that deceived 2,508 investors, stealing approximately $890K.

Bitcoin symbol with Federal Reserve in the background, indicating potential rate cut impact.

Fed’s Lean Toward September Rate Cut Bullish for Bitcoin

August 1, 2024 Paulo

Fed’s likely rate cut in September looks bullish for Bitcoin, signaling increased market liquidity and investor confidence, according to QCP Capital.

Bank of England building with Bitcoin symbol

Bank of England Announces 0.25% Rate Cut

August 1, 2024 Paulo

The Bank of England’s 0.25% interest rate cut to 5% could trigger a Bitcoin breakout. Easing monetary policy has historically boosted risk-on assets.

Crypto Hackers Stole $266M in July Across 16 Breaches: PeckShield

August 1, 2024 Paulo

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.

Blockchain visualization showing Sui and Cetus recovery efforts after May 2025 crypto hack

India’s Web3 Association Bolsters Cybersecurity Efforts After $230 Million WazirX Hack

July 31, 2024 Paulo

In response to the recent $230 million WazirX hack, India’s Web3 Association is enhancing cybersecurity and consumer protection within the crypto industry.