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China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending
1.1.2024
Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying...
Best Crypto to Buy Today December 29 – Kaspa, Bonk, Sei
29.12.2023
Cryptocurrency markets are unsurprisingly choppy on the final Friday of 2024, as massive option expiries trigger waves of unpredictable buy and sell pressure as market players hedge themselves and reposition ahead of the new year. Bitcoin options worth around $11 billion expired today, as per data...
Bitcoin Worth $1B Leaves Exchanges in Largest Single-Day Outflow in 12 Months
29.12.2023
Net outflows from exchanges are often taken to represent investors' intention to hold coins for long-term
Kyrgyzstan Raises $1m from Crypto Mining Taxes in 2023
29.12.2023
Source: chekart/Adobe Kyrgyzstan is quietly becoming a force in crypto mining, with its government set to raise over $1 million this year from taxing the industry. According to the media outlet 24KG, the nation’s finance ministry reported that it had raised $900,000 worth of tax revenue from crypto...
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
29.12.2023
An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance...
MicroStrategy Buys $615M Worth Additional BTC, Pushing Holdings to $5.9B
27.12.2023
Microstrategy's CEO Michael Saylor tweeted on Wednesday that the company had acquired an additional 14,620 bitcoin
2023 Crypto Wealth Surge — Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow
26.12.2023
A recent analysis indicates that Changpeng Zhao, Binance’s former chief, experienced a near $25 billion surge in his estimated wealth in 2023, while Coinbase’s Brian Armstrong enjoyed a $5.8 billion increase. Yet, topping the list was the elusive Satoshi Nakamoto, whose purported...
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
26.12.2023
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $135...
The Rising Star in Meme Cryptocurrencies: Can NuggetRush Rival the Popularity of Dogecoin and Shiba Inu?
23.12.2023
TLDR NuggetRush (NUGX) is making waves in the crypto market, surpassing $1 million in its presale. Positioned as the hottest Play-to-Earn (P2E) meme coin, NUGX seamlessly combines memes and gaming, poised for explosive growth. Dogecoin (DOGE) whales continue to invest heavily, accumulating over...
Report: British Virgin Islands Court Freezes 3AC Assets Worth Over $1 Billion
23.12.2023
A court in the British Virgin Islands has issued an order to freeze assets worth over $1 billion belonging to the founders of the defunct crypto hedge fund Three Arrows Capital. The worldwide freeze order also bars Kelly Chen, the wife of Kyle Davies, from transferring or selling...
Scammers Banked $59 Million in Crypto Exploiting Google Ads
22.12.2023
Source: Adobe / zedtox Scammers have over the past nine months used a wallet-draining service named “MS Drainer” to siphon around $59 million worth of crypto from numerous victims, according to a recent report by blockchain security firm Scam Sniffer. The scam operated through Google...
Ark Invest Sells Additional Coinbase Shares Worth $24.2 Million
21.12.2023
Source: Adobe Stock ARK Invest, a participant in the application process for a spot Bitcoin exchange-traded fund (ETF) in the United States, has been consistently selling its holdings of Coinbase stock. This trend continued with the recent sale of another substantial batch of Coinbase shares....
Tackling NFT Theft With the Three Address Protocol
21.12.2023
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...
Court Freezes 3AC Co-Founders’ Assets Worth $1.14 Billion
21.12.2023
Source: Adobe/Christophe Fouquin A British Virgin Islands court has issued an order freezing approximately $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC). According to Teneo, the firm’s liquidator, the court order prohibits co-founders Su Zhu and Kyle...
Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal
21.12.2023
Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...
ARK Invest Sells Another $5.52M in Coinbase Shares as COIN Surges 107% Since November
20.12.2023
Source: Adobe / piter2121 Cathie Wood-led Ark Invest sold another 34,261 Coinbase shares worth $5.5 million on Tuesday as the price of the largest US-based crypto exchange’s shares topped $160, witnessing over 107% rise since early November. COIN is already up 5% in the pre-market today. Ark Invest...
Cathie Wood’s Ark Invest Sells $27.6 Million in GBTC Shares as Bitcoin Touches $43K Again
19.12.2023
Source: Ark Invest Instagram Cathie Wood led ARK Invest fund sold around 809, 441 Grayscale Bitcoin Trust (GBTC) shares worth $27.6 million from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, the biggest sale in more than a year, Ark Invest Daily reported. The price...
Cipher Scales BTC Mining Operation with 37,000 Bitmain Antminers Worth $100M
19.12.2023
Source: Adobe/Photocreo Bednarek NASDAQ-listed Bitcoin mining firm Cipher Mining Inc. has announced the purchase of 37,396 units of the latest Bitmain Antminer T21 series. Making the announcement in a press release, the company disclosed that this acquisition amounted to approximately $99.5...
Mysterious 2015 Whale Transfers 2,101 BTC, Stirring $88M in Bitcoin
19.12.2023
On Dec. 18, 2023, a colossal cache of dormant bitcoins stirred after remaining inactive for eight years and ten months. The whale transferred 2,101 bitcoins, originating from 2015, now valued at $88.55 million, utilizing the prevailing BTC exchange rates. $88M Worth of Bitcoin Moved by Long-Dormant...
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...