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Bankrupt Cryptopia exchange distributes $225M to hack victims

Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.

Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago.

Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.

Over the past two days, verified account holders of Bitcoin (BTC) and Dogecoin (DOGE) received crypto distributions worth at least 400 million New Zealand dollars ($225 million), the liquidator said.

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Bitcoin dips 2% as Mt. Gox wallets move over $7B to unknown wallet

Billions in Bitcoin reportedly belonging to collapsed crypto exchange Mt. Gox has moved to an unknown wallet.

Bitcoin (BTC) dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour. 

The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before October.

Blockchain tracking X account Whale Alert posted the moves in May 28 X posts, noting six on-chain transactions of between 3,999 BTC and 32,499 BTC within hours.

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions 

Crypto Hardware Wallet Maker Ledger Raises 0M Amid Growing Demand for Secure Storage Solutions The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following AirdropFollowing the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%

Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency AssetA week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model

Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance ModelThe Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors, […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Napster Expands Into Web3 Music Space With Acquisition of Mint Songs

Napster Expands Into Web3 Music Space With Acquisition of Mint SongsOn Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music space,” and he believes Web3 innovations can help musicians find […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

ECB to Decide Whether to Issue Digital Euro in 2023

ECB to Decide Whether to Issue Digital Euro in 2023The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to the realization of the project in the fall of 2023. ECB to Develop […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Finder’s Experts Predict Apecoin Will End 2022 at $27 per Token, 75% Think APE Is Just ‘Another Memecoin’

Finder’s Experts Predict Apecoin Will End 2022 at  per Token, 75% Think APE Is Just ‘Another Memecoin’On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH) tapping $26.70 per unit and the digital currency has taken the 25th largest market capitalization among 13,371 cryptocurrencies. The same day, the product comparison platform Finder published its prediction report that covers apecoin’s market performance and Finder’s surveyed panelists predict apecoin will […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels