ARK Invest – the institutional asset management firm led by Cathie Wood – made a significant move by liquidating all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), totaling $200 million. In the previous month, GBTC stood as the largest holding in ARK’s Next Generation Internet ETF. However, the asset management firm has...Read More
Vitalik Buterin, the co-founder of Ethereum, has proposed measures to reduce the load on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. The proposal aims to decrease the number of signatures validators must make to maintain the network’s operation, ultimately reducing the overall load on the Ethereum blockchain. Ethereum Co-Founder Proposes Adjustments Ethereum’s attempt...Read More
Coinbase insiders seem to be disposing of COIN shares this December, with the co-founder Fred Ehrsam III appearing to be the most active seller, according to data from Insider Alerts. Several executives and top shareholders at the exchange have recently been selling company shares, with some following the trend set by Cathie Wood’s asset management...Read More
Bitcoin SV (BSV) – a contentious fork of Bitcoin – has experienced a surge of more than 60% within the last 24 hours, propelling its price to $93.8, a level not observed since April 2022. Although the price has subsequently stabilized around $88, this recent increase has pushed its monthly gains to 82%, leading to...Read More
Total crypto market capitalization has increased 4% over the past 24 hours to reach a 2023 high of $1.79 trillion on CoinGecko during Thursday morning Asian trading. The big move has pushed markets to their highest levels since early May 2022, almost 20 months ago. However, unlike in recent weeks, it is not Bitcoin driving...Read More
South Korea has taken a significant step towards increasing transparency and integrity within its public sector. Starting next year, high-ranking public officials will be required to disclose their cryptocurrency holdings under a new legislation announced by the country’s Ministry of Personnel Management. New Bill to Advance Transparency in the Public Sector Under the new legislation,...Read More
China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown...Read More
Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital...Read More
As the holiday season arrives, exploiters seem to be unusually active, and this time, Thunder Terminal fell victim to their efforts, losing $240,000. While the team behind the on-chain trading platform said no private keys or wallets were compromised, the hacker disputes this assertion, insisting on an additional ransom for user data. Holiday Havoc In...Read More
The rise and triumph of the Ordinals in 2023 have provoked the ire of Bitcoin maximalists. The surge in transaction fees, in particular, has heightened tensions between the two factions of the Bitcoin community. In an unexpected turn of events, a contributor to Taproot Wizards, a collection featuring inscriptions by Bitcoin Ordinals, claims to have...Read More
New findings from crypto analytics firm Santiment provide interesting insights into the development activities of leading crypto assets. The data focuses on the top 10 crypto assets with significant GitHub commits in the last 30 days, with notable progress seen in Cardano, Polkadot, and Kusama. While Cardano reclaimed the top position, Avalanche has secured the...Read More
Grayscale has submitted a modified S-3 filing for the conversion of its GBTC into a spot Bitcoin ETF on the same day of its surprising leadership shuffle. The asset manager reportedly reached a compromise by agreeing to adhere to the US Securities and Exchange Commission’s (SEC) stipulation for cash-only creation and redemption. Grayscale’s Compromise Stirs...Read More
On Dec. 26, crypto YouTuber Lark Davis said, “Ethereum is going to make a lot of new millionaires in 2024.” However, he added that those with a lot of ETH, purchased at much lower prices and staked, will do well in the next bull market. But those getting into the market now, with the asset...Read More
Uniswap has seen substantial growth over the last week following the implementation of various features on the platform, such as Rootstock, an Android mobile wallet app, and extended capabilities to other blockchains. Uniswap’s native cryptocurrency, UNI, has also experienced a notable surge during the recent crypto bull market, witnessing a 22% increase over the past...Read More
CryptoQuant’s recent analysis points to an interesting trend in the crypto market, specifically the overheating of the Korean premium. The high values of the Korean premium are interpreted by the on-chain intelligence firm as a potential indicator of strong buying pressure from Korean retail investors. While a high Korean premium might be interpreted as a...Read More
Worldcoin’s native token – WLD – surged by approximately 130% over the past year. The upward momentum proved short-lived, leading to profit-taking, and the rally appears to have come to a halt, with WLD witnessing a decline of around 20% from its peak of $4.68 within less than 10 days. Despite this downturn, data indicates...Read More
The crypto remittance mobile application Telcoin has suffered an exploit that led to the loss of approximately $1.3 million in digital assets. According to an X update from the Telcoin team, the security attack affected wallets that have never initiated transactions on the platform. Telcoin Loses $1.3M in Security Exploit The Telcoin team announced they...Read More
In a surprising turn of events, Barry Silbert, the founder and CEO of Digital Currency Group (DCG) – the parent company of Grayscale – has resigned from the asset manager’s board of directors. Silbert, a key figure in the cryptocurrency industry, has played a crucial role in shaping the growth of Grayscale Investments. His departure...Read More
The creditors of the defunct cryptocurrency exchange Mt. Gox have reportedly begun to receive payments of their claims ten years after the platform collapsed due to insolvency. According to several posts and comments on Reddit, creditors who chose PayPal as their preferred mode of payment have started receiving their Bitcoin (BTC) and Bitcoin Cash (BCH)...Read More
The world’s original and most deeply capitalized cryptocurrency has grown up fast. Bitcoin recently made it to the top 15 largest currencies in the world in December, according to Bitcoin credit card company Bold. It is the only crypto among sovereign central bank currencies comprising the top 20 currencies in the world. #Bitcoin is the...Read More
zkSync Era developers took to X (formerly Twitter) to announce the blockchain was encountering network issues, promising users that teams are working to resolve problems “as swiftly as possible.” Later on, they posted an update, saying the issues were resolved and the network was fully operational. The zkSync Era network is now fully operational. At...Read More
In 2023, digital assets experienced an exceptional year, witnessing a remarkable surge in Bitcoin prices by over 172%, with a correction of less than 20%. In addition to Bitcoin and Ether, capital inflows in stablecoins also remained positive. The market surpassed crucial technical and on-chain pricing models, and October emerged as a pivotal moment for...Read More
Digital asset investment products resumed inflows after breaking the 11-week streak of positive cash flows. According to the findings by CoinShares’ Head of Research, James Butterfill, the net inflows totaled $103 million over the last week. Bitcoin investment products, as usual, attracted the highest capital inflow. The digital asset manager revealed a net inflow of...Read More
SAND, the native token of metaverse platform ‘The Sandbox,’ has gained over 40% in the past month, driven by a broader market resurgence that pushed its price to $0.61, a level last seen in April this year. SAND is one of the popular GameFi tokens that initially gained prominence in 2020-2021 amid the pandemic, providing...Read More
The amount of Ethereum owned by long-term hodlers reached a record of over 70% in December, according to data from blockchain analytics firm IntoTheBlock. These committed holders have refrained from selling their Ethereum stash, contributing to the altcoin’s new benchmark. The latest ITB data also reveals that Ethereum has surpassed Bitcoin in terms of the...Read More
Bitcoin (BTC) miners in 2023 have collected a daily average of $2 million in transaction fee revenue, according to data from Coinmetrics. The value reportedly showcases a 400% increase compared to last year’s averages. Bitcoin Miners Revenue Increases Year Over Year According to a Dec. 23 post on X (formerly Twitter) made by Jameson Lopp,...Read More
Arthur Hayes, the founder of the BitMEX crypto exchange, believes the success of the much anticipated Bitcoin exchange-traded funds (ETFs) will “completely destroy” the leading digital network. In a recent blog post titled “Expression,” Hayes opined that Bitcoin could die if all the BTC in circulation end up in the hands of traditional finance asset...Read More
According to research by Sixdegree, stablecoins have not seen a significant increase in value during the recent bull market. Their current total value is $129.5 billion, slightly lower than the $139 billion recorded in December 2022. Ethereum vs. Tron in 2023 This trend can be attributed to the contrasting developments on two major blockchain platforms:...Read More
The New York-based stablecoin issuer – Paxos – announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform, which was previously exclusive to Ethereum. Paxos said it plans to make USDP available to the public on Solana starting January 17, 2024. This move marks a significant milestone for Paxos in the competitive...Read More
The EthereumPoW (ETHW) announced its decision to dissolve the organization after in-depth discussions and based on a consensus among the majority, thereby fulfilling the commitments made during the initial fork. According to the official blog post, the entity said the decision aligns with its plans to transition to complete decentralization. EthereumPoW Embraces Autonomy The “unanimous”...Read More
