Crypto news

Just today, Bitcoin found itself tumbling below the rather alarming threshold of $71,000, following unsettling news regarding the US blockade at the Strait of Hormuz. But fret not, for the coin did make a valiant recovery, trading once more above the more respectable figure of $72K, after it was clarified that non-Iranian tankers would not find themselves ensnared in this maritime debacle. This swift rebound was further buoyed by none other than BlackRock, who, in a rather extravagant display of financial prowess, purchased a staggering $612 million worth of BTC. Ah, the whims of the market!

Ah, Kraken, the crypto leviathan, finds itself in a farce of extortion, a tragicomedy where the villains are not masked hackers from afar but, alas, the very hands that once tended its gardens. A criminal cabal, with the audacity of a street performer demanding coins for a botched juggling act, threatens to unveil videos of fleeting glimpses into the sanctum of client data. Yet, Kraken, with a shrug as cold as the depths it’s named after, refuses to feed the trolls.

Kraken, a cryptocurrency exchange, says it’s being threatened with blackmail. A criminal group claims to have videos proving they accessed the company’s internal systems, but Kraken refuses to pay a ransom and insists customer funds are secure. According to a statement reported by CoinDesk, Kraken says there was no major security breach of its trading systems or wallets. They describe the incident as someone misusing limited internal access, not a successful hack of their main systems.

RaveDAO (RAVE), that capricious minx, has pirouetted to $9.94, a 207.51% ascent in the span of a mere 24 hours, according to the oracles at CoinMarketCap. Venice Token (VVV), a distant suitor, trails with a modest 6.37% rise, as traders, ever fickle, chase the siren song of momentum in the smaller caps.

Ah, the illustrious Coinone, a cryptocurrency exchange nestled in the bustling heart of South Korea, has recently found itself at the mercy of the Financial Intelligence Unit (FIU). It appears they have been gifted a rather inconvenient three-month partial business suspension, along with a delightful little fine of 5.2 billion won, which converts to a charming $3.5 million. Such generosity from the regulators!

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American bankers are up in arms (or at least, as up in arms as bankers get) over a White House study that treats stablecoin yield like a harmless space flea. The ABA argues the Council of Economic Advisers asked the wrong question-like asking if a towel is useful instead of why it’s the most massively useful thing an interstellar hitchhiker can have.

It’s understandable that the large XRP transfer caused worry among holders. Big transfers to exchanges often suggest someone is planning to sell, and selling almost 90 million XRP right now would likely lower the price of the cryptocurrency.

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