In a recent financial report, adult content subscription service OnlyFans revealed that it had invested a portion of its working capital into Ethereum (ETH). As of November 30, 2022, OnlyFans had purchased $19,889 million worth of ETH, which recorded an impairment loss of $8,455 million, leaving a carrying amount of $11,434 million. OnlyFans Owner Collects...Read More
In a recent move, the co-founder of Ethereum, Vitalik Buterin, transferred 3,000 ETH, equivalent to approximately $4.9 million, to a Vb 2 labeled address 0x1Db3439a222C519ab44bb1144fC28167b4Fa6E. According to data from Etherscan, the transaction took place on Aug. 28. It was sent to the Vb 2 labeled address, bringing the total value of ETH that the wallet...Read More
Shytosi Kusama, the lead developer at Shiba Inu, has recently proclaimed that Shibarium, an L2 scaling solution from the Shiba Inu blockchain, is live and operating well. The announcement follows a series of trials and fine-tuning, marking a spring landmark for the Shiba Inu project. In this blog post, Shytoshi Kusama emphasized that even before...Read More
The crypto analyst going on X (formerly Twitter) under the name Ali revealed that investors have withdrawn a substantial amount of two trillion SHIB tokens last week. The stash equals almost $16 million (calculated at current rates). According to Ali’s chart, outflows have been the highest on August 22 and August 23, accounting for around...Read More
While Bitcoin network fundamentals such as hash rate and difficulty have reached peaks, the same cannot be said for its hash price. The world’s largest crypto’s price has failed to recover, and miners are facing the brunt of it yet again. Bitcoin hash price – which can be described as the revenue generated by miners...Read More
On-chain data tracker Whale Charts just flagged a massive XRP transaction, which could spell doom for the popular crypto asset. As per Whale Charts’ tweet, an anonymous investor moved about 28.4 million Ripple (XRP), equivalent to roughly $14.9 million, into Bitstamp. The amount was transferred from wallet r4wf7enWPx to another Bitstamp wallet, rDsbeomae4. Of course,...Read More
On the 22nd of August, Balancer Labs – a non-custodial portfolio manager, liquidity provider, and price sensor – received reports of a massive vulnerability affecting several of its lending pools. At the time, no attacks had been carried out – but that changed recently. Community Alerted As soon as the exploit was discovered, Balancer devs...Read More
According to cybersecurity researcher ZachXBT, the feature meant to prevent scammers from impersonating legitimate organizations merely created a new black market. Previously, all verified accounts had blue checkmarks. Now, blue checkmarks indicate that the owner of the account has an X Premium subscription and meets the requirements to display the checkmarks. Government officials, multilateral organizations,...Read More
Bitcoin wallet address that accumulated $3 billion worth of BTC in three months to become the 3rd largest wallet address belongs to the investing and trading platform Robinhood. The wallet had attracted attention dividing the market observers into speculating whether it belonged to Winklevoss-led Gemini or asset management giant BlackRock. However, Arkham Intelligence data showed...Read More
A little-discussed memo from the Securities and Exchange Commission (SEC) from five years ago may suggest that the agency faced internal struggles in concluding whether XRP was a security, according to crypto lawyer John Deaton. This may indicate that Ripple – the company behind XRP – was not legally reckless in issuing the token years...Read More
Sam Bankman-Fried’s trial is one of the biggest cases of white-collar securities fraud in Manhattan, with billions of dollars having gone astray from the defunct cryptocurrency platform FTX, causing significant financial distress to former users (and employees). In the latest development, the lawyers representing the disgraced founder objected to the four million pages of discovery...Read More
The Korea Federation of Banks (KFB) reportedly intends to require domestic cryptocurrency exchanges to hold at least 3 billion won (around $2.26 million) as a reserve. The local authorities have been quite strict with such entities lately, urging them to set up proper guidelines in terms of listing and delisting of digital assets to ensure...Read More
The 1inch Investment Fund’s crypto wallet has made a substantial purchase of Ether. Lookonchain – the popular blockchain analysis platform – highlighted the transactions and revealed that the wallet acquired 6,088 ETH at an average price of $1,655. In doing so, the wallet associated with the DEX aggregator spent over $10 million. Blockchain data pointed out...Read More
The United States Securities and Exchange Commission (SEC) brought its first enforcement action against a player in the non-fungible token (NFT) space charging Impact Theory of engaging in an unregistered securities offering. The financial regulator claimed that Impact Theory – a Los Angeles-based media and entertainment – sold approximately $30 million of NFTs while also...Read More
Ripple Labs is gearing up for a celebration after its significant win against the Securities and Exchange Commission (SEC) in New York City, scheduled for September 29, 2023. The company promised to unveil more details about this event in the coming week. 🎉 Save the Date 🎉 We’re hosting a community celebration on September 29...Read More
Ben Armstrong – the face of ‘Bitboy’ crypto – has been a scandalous figure in the industry. From endorsing high-risk investments to accusations of dumping tokens after promoting them to millions of his followers, as well as engaging in sketchy meme coins, several reasons have been speculated as the parent of Hit Network, which controls...Read More
The latest edition of the weekly report from crypto exchange Bitfinex has revealed that Bitcoin’s mining difficulty reached a new peak as BTC hovered around the $26,000 price level. The “Bitfinex Alpha” report disclosed that the mining difficulty hit an all-time high of 55.62 trillion hashes. Bitcoin’s Mining Difficulty Hits New High The mining difficulty...Read More
The US Court of Appeals for the DC Circuit overturned the country’s securities regulator’s rejection to review Grayscale’s application to turn its flagship fund into a spot Bitcoin ETF. Recall that the asset manager sued the Securities and Exchange Commission earlier this year. The Tuesday ruling ordered the SEC to “vacate” its decision to refute...Read More
According to Bloomberg Intelligence, the highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could occur right before Labor Day (September 4). The entity said that the US Securities and Exchange Commission (SEC) is expected to respond to several applications from BlackRock, Bitwise, WisdomTree, VanEck, and Invesco in the following days....Read More
Leading cryptocurrency exchange OKX announced today the launch of its LBR Earn campaign following the recent LBR listing on the platform. As part of this initiative, OKX is set to have an airdrop with 15,000 LBR tokens up for grabs. To kickstart OKX’s LBR Earn campaign, the company announced a complimentary airdrop, allowing users to...Read More
Is Elon Musk going to bring crypto payments to X? In a Monday filing, the tech billionaire’s social media platform secured the Rhode Island Currency Transmission License, which is crucial for offering such services within the state. Dogecoin On X? The approval, confirmed by the Nationwide Multistate Licensing System (NMLS), comes after X (formerly Twitter)...Read More
Though many doubted their odds, Grayscale has defeated the Securities and Exchange Commission (SEC) in court, bringing the U.S. market one step closer to approval of a Bitcoin spot ETF. Going into its lawsuit, certain legal and market experts saw Grayscale’s victory as quite likely: Here are just a few of them Why Grayscale’s Victory...Read More
The U.S. Court of Appeals for the D.C. Circuit has released its full letter explaining its decision to rule in Grayscale’s favor in its lawsuit with the Securities and Exchange Commission (SEC). The decisive 3-0 victory for the company is based on the SEC’s “unreasonable” justification for favoring futures ETFs over spot products, and its...Read More
In the ongoing debate on Ripple (XRP) and its intrinsic value, attorney Deaton’s response to Australian-based lawyer Bill Morgan’s criticism of the U.S. Securities and Exchange Commission’s (SEC) stance has sparked further discussion. The central point of contention lies in whether XRP possesses intrinsic value, a question that holds significant implications for the regulatory classification...Read More
CoinSwitch – an Indian cryptocurrency exchange backed by the financial giant Andreessen Horowitz (a16z) – has reportedly trimmed its team by 44 people, representing 7% of the total workforce. Another local digital asset organization that recently announced similar amendments is CoinDCX, which laid off 12% of its employees. What is the Reason? According to a...Read More
The team behind Clockwork, a decentralized automation protocol for the Solana blockchain, will no longer maintain the codebase, stating that there was not enough profit to continue developing the project. The announcement comes a year after Clockwork received seed funding from backers like Multicoin Capital and Asymmetric. Clockwork Team Leave Project to the Community Nick...Read More
Crypto markets pumped $65 billion following the news that a court ruled in favor of Grayscale in its lawsuit challenging the SEC’s decision to deny conversion of its GBTC fund to an ETF. The big move has reversed the recent bearish sentiment as market analysts and observers are now eyeing the next bull cycle. On...Read More
2022’s bloodbath and the subsequent market corrections, especially the sell-off in August, intensified Ether’s downside pressure. The world’s largest altcoin had plunged to $1,580. Multiple attempts to break above the $1,700 level failed as Ether settled near $1,644 before it finally shot up above the former yesterday. However, the data suggests that the asset is...Read More
In a remarkable display of activity, a cryptocurrency whale has reportedly spent approximately 7,626 Ethereum (ETH), the equivalent of $13.44 million, to purchase about 17 different tokens. This whale spent ~7,626 $ETH($13.44M) to buy 17 tokens. Spent 1,784 $ETH($2.96M) to buy 2.6M $OLAS($2.35M currently), losing $613K. Spent 1,430 $ETH ($2.62M) to buy 23.36M $RLB and...Read More
Shibarium’s marketing strategist Lucie has issued a statement on X clearing up misconceptions related to the project’s tokenomics. This comes amid social media buzz generated by influencers promising significant SHIB burns. In a tweet, the Shibarium team emphasized that no central authorities hold keys to the SHIB supply and that the platform operates as a...Read More
