Crypto News
XRP Hits 7-Year High Price as XRP Ledger Meme Coins Surge Again
XRP nearly touched a price of $3 on Wednesday morning, hitting a mark not seen since 2018 as meme coins on XRP Ledger saw a resurgence.Source link
Court Orders $9 Billion Bitcoin Restitution in Bitfinex Hack Case
A federal court has determined that 94,643 bitcoin, seized following the infamous 2016 Bitfinex hack, will be returned to the cryptocurrency exchange as part of voluntary restitution agreements tied to plea deals with the convicted perpetrators. Voluntary Restitution in Bitfinex Hack Includes $9 Billion in Bitcoin With a valuation exceeding $9 billion, this recovery representsSource link
U.S. Prosecutors Ask Court to Green-Light Return of 95,000 Stolen Bitcoin to Bitfinex
U.S. prosecutors have asked a federal judge to green-light the return of nearly 80% of the 119,754 bitcoins stolen in the 2016 hack of crypto exchange Bitfinex.In a Tuesday court filing, prosecutors said the 94,643 bitcoins recovered by the government from the original wallet used by the hacker, Ilya Lichtenstein, can be paid to Bitfinex as restitution in-kind once the court gives the go-ahead. The Bitcoin Cash, Bitcoin Satoshi Vision and Bitcoin Gold generated via several hard forks following the hack will also be sent to Bitfinex.Last November, Lichtenstein was sentenced to 5 years in prison after pleading guilty to conspiracy to commit money laundering in 2023. His wife, Heather Morgan – better known by her rap moniker Razzlekhan – received...
SEC Won’t Postpone Ripple Lawsuit Appeal Until After Gensler’s Departure
Hard to say investors in Ripple-linked XRP care about the news. The XRP price has gained nearly 16% in the past day, according to CoinGecko data.Source link
Boerse Stuttgart’s Crypto Business Accounts for 25% of Its Revenue as Volume Triples
Boerse Stuttgart, one of Germany’s leading stock exchanges, has seen its cryptocurrency trading business explode in recent years to now account for approximately 25% of its overall revenue.While not revealing the exact cryptocurrency trading volume, the exchange group shared in a press release at the end of last year that the metric “almost tripled” in 2024 to record its best performance ever. In custody, Boerse Stuttgart had around €4.3 billion ($4.45 billion).The relative success of the exchange's crypto business comes alongside a backdrop of spot ETF mania in the United States, the launch of which saw inflows of $36.2 billion in 2024.Bitcoin accounted for nearly 50% of the exchange’s cryptocurrency revenue, according to the firm’s CEO Matthias Voelkel, who told...