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In brief Judges ruled Prime’s delay and conflicting statements barred his claim under the doctrine of laches. Prime had told officials he owned little crypto before later asserting he held 3,443 Bitcoin. The hard drive was destroyed after authorities found no trace of digital assets during their search. A federal appeals court has rejected a Florida man’s attempt to recover more than $354 million worth of Bitcoin he claimed was lost when authorities destroyed a hard drive seized during his 2019 arrest for counterfeiting and identity theft.In a ruling published Tuesday, the Eleventh Circuit upheld a lower court’s decision denying…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is struggling to reclaim higher levels after several days of intense selling pressure and a brief dip below the critical $100,000 mark. The market is showing signs of exhaustion as bulls attempt to regain momentum, yet price continues to trade under key resistance zones. Sentiment has turned increasingly bearish, with fear beginning to creep into market behavior as traders question whether the recent move was the start of a deeper correction or a temporary shakeout. Despite the growing pessimism, on-chain signals paint a far more constructive…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure DWF Labs, a market-making firm active in crypto markets, has been linked to an alleged loss of $44 million in a hack that took place in September 2022. According to on-chain investigators, the incident was not publicly disclosed by the firm at the time and only came to light after a detailed blockchain review. DWF Labs: Alleged Attack And Method Reports have disclosed that the attacker drained a wallet tied to DWF Labs and moved the funds through several on-chain steps. The stolen holdings were mostly stablecoins…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has entered a critical phase, with the price falling from the $110,000 region to below $100,000 in under 48 hours. The sharp decline reflects mounting fear across the market as aggressive selling pressure forces short-term holders to capitulate. What began as a controlled retracement has quickly evolved into panic-driven behavior, with traders rushing to exit risk exposure. As volatility spikes and sentiment deteriorates, market participants are closely monitoring key support levels to assess whether Bitcoin can stabilize or whether a deeper downside is still ahead. According…
Tokyo-listed Bitcoin treasury firm Metaplanet has tapped a $100 million Bitcoin-backed loan to fuel further bitcoin accumulation, expand its income business, and potentially repurchase shares amid mounting market volatility. The borrowing, executed on October 31 and disclosed today, November 4, marks the first drawdown from Metaplanet’s $500 million credit facility announced in late October. The funds will primarily go toward additional Bitcoin acquisitions, according to the company. Metaplanet’s loan is collateralized by its 30,823 BTC — worth roughly $3.5 billion — and represents just 3% of its total holdings, underscoring what management called a conservative financial policy, according to CoinPost.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple has made yet another move in its long-running campaign to reshape global payments, this time acquiring Palisade, a digital asset custody infrastructure company. The deal marks the company’s fourth acquisition in recent months and is a clear escalation in what many describe as the company’s competition with SWIFT, the dominant global payments messaging network. Ripple Makes Another Major Acquisition Palisade announced the acquisition on X, noting that its wallet-as-a-service technology will now form part of Ripple’s next-generation payments and custody infrastructure. The startup noted that its…