The “0x882E” Whale Raised 7,000 ETH From Binance, and Has Raised a Total of 57,100 ETH Recently
According to Lookonchain monitoring, the giant whale address starting with "0x882E" withdrew 7,000 ETH (approximately US$13.2 million) from Binance 2 hours ago. Since June 8, the whale has withdrawn 57,100 ETH (about $108 million) from Binance and pledged 36,640 ETH (about $69 million).
G20 Finance Chiefs To Discuss Increasing Loans to Developing Nations, International Debt Reform, and Cryptocurrency Regulations in India Meeting
Finance ministers and central bank governors from the Group of 20 (G20) nations will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture, and regulations on cryptocurrency. They will also discuss a multilateral agreement on taxing conglomerates with cross-border operations and the Russian war in Ukraine.
Amit Shah Urges G20 Countries to Tackle Cyber Crime Threats Posed by Metaverse and Cryptocurrency
During a speech on July 13, Union Home Minister Amit Shah expressed his concerns to the global community about the evolving security challenges posed by cyber criminals using technologies such as metaverse, deepfakes, ransomware, and cryptocurrency. He urged G20 countries to work together to combat these crimes, proposing measures such as uniformity in laws, response mechanisms, and greater coordination among cyber agencies.
Shiba Inu Market Capitalization Surges to Over $4.4 Billion, Potential Impact on Price Explored
Shiba Inu (SHIB) has achieved a market capitalization of over $4.4 billion, making it the 18th largest cryptocurrency. In the past month, SHIB's market cap has increased by approximately half a billion dollars, indicating rising investor confidence.
TON Foundation Partners With Alchemy Pay for Toncoin Integration
The TON Foundation, in charge of the TON Network, has announced its native digital token Toncoin (TON) is now available on Alchemy Pay. The integration aims to bridge the gap between the digital token economy and traditional payment economy.
Is Litecoin a Good Long-Term Investment Option?
Litecoin, a decentralized cryptocurrency founded by Charlie Lee, is recognized for its fast transaction speeds and affordability compared to Bitcoin. Despite a period of consolidation, LTC has been gradually increasing in value over the past year, hitting a yearly low in June 2022 before beginning an upward trend.
Bitcoin Price Shows Signs of Moving Towards $31,000 Resistance Zone
Bitcoin's price has risen above the $30,500 level and is showing signs of moving towards the $31,000 resistance zone. The cryptocurrency is trading above $30,400 and the 100 hourly Simple moving average, with a bullish trend line forming near $30,500 on the hourly chart of the BTC/USD pair.
Grayscale CEO Welcomes BlackRock and Fidelity’s Entry Into Crypto Space
Grayscale Investments CEO Michael Sonnenshein expressed his approval of BlackRock and Fidelity's efforts to enter the cryptocurrency space. He described BlackRock's filing to launch a spot bitcoin ETF in June as a "moment of validation" and believes that it adds credibility to the asset class.
Trader Outlines Scenario for Ethereum to Ignite Nearly 35% Rally
A trader named DonAlt is predicting a potential surge in Ethereum's value, stating that the cryptocurrency is currently consolidating just below its key resistance level of $1,935.
Bank for International Settlements Report States Crypto's "Inherent Structural Flaws" Make it Unsuitable as a Monetary Tool
The Bank for International Settlements (BIS) has stated that cryptocurrency is not suitable as a monetary tool due to its inherent structural flaws. The report, sent to finance ministers of the world's twenty largest economies, cited issues of instability, inefficiency, and accountability that outweigh potential innovative benefits such as automated payments.
