A cryptocurrency trader has profited more than a million dollars from a less than $100,000 purchase of the just launched Pandora (PANDORA) token. According to a tweet by market analytics platform LookOnChain, the trader’s purchase recorded gains after two days. The price of #Pandora, the first token built on the #ERC404 token standard, has now...Read More
A former developer at Terraform Labs, known only as “Lee,” reportedly took the stand on Monday at the 14th Criminal Division of the Seoul Southern District Court, testifying against the company’s co-founders, Kwon Do-hyeong and Shin Hyun-seung. The witness, formerly a leader within the Terra development team, provided crucial testimony against Terra founder Do Kwon...Read More
Dogecoin’s price has found significant resistance from the $0.08 level despite a brief upward breakout. The OG meme coin’s trajectory hasn’t been in tandem with the rest of the crypto market. This, however, has not stopped the network from witnessing growth across various metrics. Dogecoin Sees Increased Network Activity Dogecoin’s value has declined by 23%...Read More
Analysts at crypto exchange Bitfinex have attributed the plunge in BTC’s price to Bitcoin miners who leveraged the asset’s recent rally to make a profit. According to the latest edition of the Bitfinex Alpha report, the BTC reserves of miners have reduced significantly as they have embarked on a selling spree, seeking to provide capital...Read More
Solana is down. The popular layer-one hasn’t been offline for quite a while, but it appears that the network isn’t functioning for a bit. According to an official update from the Solana Status account, the “mainnet-beta” experienced an outage, and engineers across the ecosystem are working to identify the issue. The update is from 10:22...Read More
The total value locked on Ethereum restaking protocol EigenLayer has surged 70% over the past week. Furthermore, it is currently at an all-time high of $3.4 billion, according to DeFiLlama. The reason for the surge is a reopening of deposits on the restaking platform and the removal of staking limits or caps. On Feb. 6,...Read More
Speculation about the South Korean government rethinking its hostile stance on spot Bitcoin exchange-traded funds (ETFs) may be true, as the country’s financial regulator has officially indicated interest in the products. A report from local media outlet Hankyung has revealed that the Financial Supervisory Service (FSS) of South Korea intends to meet with the United States Securities...Read More
Investment products for digital assets received significant influxes of $708 million last week, contributing to year-to-date inflows of $1.6 billion and increasing the total global assets under management to $53 billion. However, trading volumes in ETPs dropped to $8.2 billion from the previous week’s total of $10.6 billion, though they still surpass the 2023 weekly...Read More
Self-styled Bitcoin creator Craig Wright appeared in court on Monday to face well-funded prosecutors seeking to prove that the computer scientist is not, in fact, Satoshi Nakamoto. The legal battle is widely expected to bring an end to recurring lawsuits launched by Wright against the crypto community, which has largely met his proclamations with skepticism...Read More
Results released so far show that El Salvador’s incumbent President Nayib Bukele marked a landslide victory, indicating that he could be re-elected for a second term. Bukele’s administration cracked down on gang violence in El Salvador and made history with the adoption of Bitcoin as a legal tender in the country. Another Five Years for...Read More
With the fourth halving event scheduled for April this year, speculation about Bitcoin’s future trajectory is rampant. One notable voice in this conversation is Charles Edwards, the founder of hedge fund Capriole Investments, who has made a striking prediction – if Bitcoin’s post-halving returns mimic those of 2020, the market could be witnessing a staggering...Read More
Genesis Global Capital has formally requested authorization from the U.S. Bankruptcy Court for the Southern District of New York to proceed with an extensive sale of its holdings. The crypto lender, currently undergoing bankruptcy proceedings, submitted the new motion seeking approval to sell trust assets valued at approximately $1.6 billion. Genesis Seeks Court Approval for...Read More
Argo Blockchain PLC, a London-based cryptocurrency miner, announced on Monday a drop in Bitcoin production for January, resulting in a 7.81% decline in its shares. The company attributed the decrease in mining output to a 20% decline in daily production compared to December, primarily driven by a 16% drop in Bitcoin-denominated hashprice. Argo Blockchain Shares...Read More
Bitcoin experienced predominantly sideways trading throughout January. The primary cryptocurrency briefly dipped to a low of $38,500, its lowest in two months, before rebounding to surpass $43,000. However, the latest data indicates the emergence of a potential uptrend in prices upon gauging the long-term holders’ movement patterns. Short-term Bitcoin holders may have capitalized on gains...Read More
The bankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: an 8% stake in the valuable AI startup Anthropic. The move comes as part of FTX’s broader asset liquidation strategy to meet client obligations, following the recent divestment of funds totaling over $700 million in cryptocurrencies within the last three...Read More
Over the weekend, Bitcoin technical analyst and stock-to-flow model creator “PlanB” said that after the halving, “Bitcoin will be scarcer than gold and real estate.” However, he added that he wouldn’t be surprised if Bitcoin’s market capitalization, currently less than $1 trillion, stayed below gold’s, which is currently less than $10 trillion. With some basic...Read More
Last year, the European Union unanimously voted for the Markets in Crypto Assets (MiCA) bill, considered by most to be the first comprehensive piece of legislation addressing the crypto industry as a whole. MiCA is, in itself, part of a larger set of financial laws known as DORA – but it has also given many...Read More
The SlowMist Security team revealed receiving numerous reports of theft. Upon investigation, they found that a significant portion of these thefts were facilitated by deceptive comments under tweets from well-known projects. As such, approximately 80% of comments under tweets from such projects were identified as phishing scam accounts. SlowMist Exposes Phishing Tactics SlowMist also observed...Read More
The cryptocurrency market experienced losses of $1.9 billion in 2023 due to hacks, marking a substantial 93.6% decrease from the previous year. While this appears to be a positive trend, further examination reveals a bleaker outlook, with the frequency and sophistication of attacks on the rise, according to blockchain security auditor Hacken. 2023 Sees Onslaught...Read More
Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to...Read More
Bitcoin’s (BTC) price has recovered after plunging to an undervalued territory a week ago. Amid the price fluctuations, the asset’s demand has remained positive. A weekly report from on-chain analytics platform CryptoQuant shared with CryptoPotato revealed that BTC’s price may have bottomed as its latest descent crushed the short-term holders’ unrealized profit margins to 0%. Bitcoin...Read More
Binance, the world’s largest crypto trading platform, has announced the launch of a marketplace for inscription tokens to facilitate the buying, selling, and minting of a wide range of such assets. According to a press release seen by CryptoPotato, the Binance Inscriptions Marketplace leverages the application programming interface (API) of UniSat, a Bitcoin inscriptions market...Read More
A recently released study by Bitget focusing on the upcoming Bitcoin halving event indicated a positive outlook as market conditions continue to recover. With the Bitcoin halving scheduled for April 2024, investors across the world are carefully analyzing its potential impact on their investment decisions. The research involved a diverse array of contributors hailing from...Read More
Colin Murphy – an associate of Canada’s notorious “Crypto King” Aiden Pleterski – was sentenced to 5 months in prison on Friday for contempt of court in Oshawa, Ontario, Canada. Ontario Superior Court Justice Hugh O’Connell found Murphy in contempt for refusing to surrender his iPhone and for deleting its data when a search warrant...Read More
On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, marked a momentous occasion by conducting the first-ever cross-border payment using the UAE Central Bank’s digital currency, the ‘Digital Dirham.’ The transaction, amounting to Dh50 million, was executed through the innovative ‘mBridge‘ platform, connecting the...Read More
Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC), has expressed her disagreement with the agency’s denial of a petition to amend a rule that prevents defendants from denying any allegations in settlement enforcement actions. According to an official statement from the commissioner, popularly known in the digital asset community as...Read More
Stablecoin issuer Tether experienced a “record-breaking” net profit surge, amounting to $2.85 billion in the fourth quarter of 2023. Around $1 billion of this profit stemmed from net operating gains, largely derived from interests in the US Treasury, with the remainder mainly coming from the appreciation of gold and Bitcoin reserves. Notably, there was a...Read More
The US Securities and Exchange Commission made history in mid-January when it finally approved nearly a dozen spot BTC ETFs to launch on local exchanges after a decade of delays and rejections. There was a big price run-up ahead of the approvals that resulted in a highly positive Q4 ’23 for BTC. However, the landscape...Read More
Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days. These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years,...Read More
Bitcoin’s price actions in the past several days have been quite uneventful, with little to no movements after last week’s recovery from the sub-$40,000 dip. However, data from Santiment shows that some of the largest investors have been using this moment to move sizeable portions of their holdings. 🐳 #Bitcoin is ranging between $41K and...Read More
