Chain News by Thebittimes.Com

Per a report from blockchain Analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH’s price dipping by almost 7%.  1/ Funds stolen from FTX are on the move and exchanges should be on high alert to freeze them if the hacker attempts to cash out — Chainalysis (@chainalysis) November 20, 2022 Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This move saw them become one of the industry’s largest ETH holdings. However, early on Sunday, the hacker began exchanging the unlawfully gained ether for Ren Bitcoin (renBTC). Ren Bitcoin is an ERC-20 token that represents 1 BTC within the Ethereum ecosystem. Earlier reports revealed that the exploiter was us...

Get the weekly summary of crypto market Analysis , news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $842 billion. Bitcoin is trading at around the same value as last week, $16,500. Ethereum gained more than 3% over the past seven days. XRP increased by nearly 8% this past week. Almost all altcoins and Metaverse projects are trading in the green. The DeFi sector decreased the total value protocols (TVL) to around $39 billion. Crypto Trends 21 – 27 November 2022: Market Analysis and Performance The crypto market bounced back this week from the losing streak that followed FTX’s infamous implosion. Most crypto assets record shy gains, with few boasting double-digit value boosts. On the other hand, most Metaverse projects are flying high, and the overall market capitalization increased by around $20 billion. Bitcoin tried to follow the market sentiment and push past the now psychologically daunting $17,000 bar...

Per a CoinATMRadar report , Spain now ranks third globally in terms of crypto ATM installations within its borders. The European nation has pushed past El Salvador to sit behind the USA and Canada. Spain Now 3 ATMs Ahead of El Salvador According to the data, crypto users in Spain now have access to a total of 215 crypto-optimized ATMs. Indeed, Spain is responsible for 0.6% of crypto ATM installations around the world. Notably, El Salvador only falls behind by 0.1% as the Central American country holds 212 crypto ATMs in comparison, placing it in the fourth position. Spain surged to its current spot after installing 43 crypto ATMs this year alone. The Southwestern European nation has revealed in the past that its target for the year is 100 crypto ATMs. Should Spain achieve its goal, its installation numbers will climb to almost 300 ATM s. Notably, CoinATMRadar reports that crypto ATM installations decreased slightly in September this year. Their numbers are reportedly on the ...