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Mystery Transfer — Unidentified Wallet Sends $1.19 Million in Bitcoin to Satoshi Nakamoto’s Genesis Address
6.1.2024
Two days after Bitcoin’s 15th anniversary, an unidentified wallet transferred roughly 26.917 bitcoin, valued at $1.19 million, into Satoshi Nakamoto’s Genesis wallet. Originating on Jan. 3, 2009, this wallet has primarily accumulated nominal dust transactions. Including the hard-coded...
Ark Invest Continues to Sell Coinbase Shares
6.1.2024
In a strategic move, Ark Invest has offloaded another portion of its Coinbase holdings, selling over $29 million worth of COIN shares from its ETFs. This decision aligns with Ark’s target weighting policy and follows Coinbase’s strong performance in the last quarter of 2023. Ark Invest...
Nasdaq-Listed Bitcoin Miner Cleanspark to Launch in-House Trading Desk, CEO States It ‘Makes Financial Sense’
6.1.2024
Cleanspark, a Nasdaq-listed Bitcoin mining company, has announced that it will launch an in-house trading desk to maximize the return on its cryptocurrency holdings. Cleanspark CEO Zachary Bradford explained that organizing their trading desk made “financial sense,” given the high...
Harvesting the Digital Skies: The Controversial Practice of Airdrop Farming
6.1.2024
As the crypto economy burgeons, a new trend called airdrop farming is taking root, offering both promise and pitfalls. The following is an exploration of this emerging practice, unraveling its intricacies, potential rewards, and the controversies it stirs. The Double-Edged Sword of Airdrop Farming:...
Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash
6.1.2024
On Jan. 4, the decentralized finance protocol Gamma Strategies was a victim of a hacking attack which saw criminals make off with digital assets worth over $3 million. To pre-empt further attacks, Gamma Strategies said it has shut off all deposits on any of its “public-facing vaults.”...
Binance Assigns Monitoring Tag to Privacy Coins, Including Monero and Zcash
6.1.2024
Binance, the largest cryptocurrency exchange, has recently announced that it will start monitoring ten new projects, including privacy blockchains like Monero, Firo, Mobilecoin, and Zcash. Binance reported that these projects might be delisted in the future, failing to meet the criteria required...
Asset Manager Vaneck Pledges to Donate 5% of Spot Bitcoin ETF Profits to Bitcoin Core Developers for 10 Years
6.1.2024
Asset management firm Vaneck has pledged to donate 5% of its spot bitcoin exchange-traded fund (ETF) profits to support Bitcoin Core developers for at least 10 years. The company is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC) to launch its spot bitcoin ETF....
New Year, New Record — Bitcoin’s Difficulty Rises 1.65% in First 2024 Retarget
6.1.2024
Bitcoin’s network difficulty experienced its first increase of 2024 on Jan. 5, at block height 824,544, rising 1.65% to an unprecedented network peak of 73.2 trillion. This inaugural adjustment of the year succeeds the 27 dynamic shifts witnessed in 2023, including a total of 20 increases....
‘Blockchain Basics Act’ Introduced in Missouri Takes the Bitcoin Regulation Battle to State Level
6.1.2024
The Blockchain Basics Act, introduced recently into the Missouri State House, seeks to guarantee crypto-related rights, including self-custody, transacting, mining, and staking, to the state’s people. Proposed by Rep. Phil Christofanelli, the bill aims to take the crypto legislation fight...
Celsius Network Unstakes Ethereum Holdings Amid Reorganization Efforts
5.1.2024
The bankrupt cryptocurrency lender Celsius Network announced its plan to unstake significant holdings of ethereum to facilitate asset distribution to its creditors. This move is part of the firm’s ongoing efforts to restructure and resolve outstanding liabilities. Crypto Lender Celsius...
Is It Too Late to Buy Celestia? TIA Price Hits a New All Time High as Novel Meme Coin Goes Viral
5.1.2024
    The TIA price hits new high but pulls back from peak as cryptocurrency uptrend faces uncertainty. Image by Kerem Goktug Kaya, DALL-E 3. Celestia (TIA) has seen impressive growth since its launch on the Osmosis platform on October 31, 2023. Though the cryptocurrency started...
Experts Weigh in on Bitcoin ETF Approval As Sell-the-News Event
5.1.2024
As the SEC’s decision on bitcoin ETFs looms, market participants prepare for market impact. Analysts reflect on the possibility of a “buy the rumor, sell the news” situation. A Bitcoin ETF Approval Could Trigger Major Market Movements With the cryptocurrency community eagerly...
Best Crypto to Buy Today January 5 – Celestia, Aptos, Osmosis
5.1.2024
Celestia, Aptos, Osmosis, Sponge V2, and TG.Casino are top options for the best crypto to buy today. Image by cryptonews.com. With major technical advancements and their prices hitting record levels, Celestia, Aptos, and Osmosis are seeing rising investor interest, driving the cryptocurrencies into...
Decentralized Exchanges Near Trillion-Dollar Milestone: A Year of Record Volumes
5.1.2024
Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting $960.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of $132.26 billion, concluding the month with $135.86 billion in finalized...
Crypto Analysts are Bullish on This AI Crypto Coin – Here’s Why
5.1.2024
New AI crypto trading platform Launchpad XYZ is opening up institutional-grade analytics to retail investors. Image by Kerem Goktug Kaya, DALL-E 3. In the age of big data, artificial intelligence is becoming a game changer across industries. Nowhere is this more apparent than in finance, where...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
Investors Take Caution Amid Leverage Purge and Delayed Spot Bitcoin ETF Prospects: Expert
5.1.2024
Image by plysuikvv, Adobe Stock Investors have grown more cautious ahead of the US Securities and Exchange Commission’s upcoming decision on the approval of an exchange-traded fund (ETF) linked directly to Bitcoin (BTC). According to Jacob Joseph, a research analyst at CCData, the recent...
BlackRock’s $10 Million BTC Purchase Set For Today As Bloomberg Expert Predicts Imminent SEC Approval For Bitcoin Spot ETFs
5.1.2024
Bitcoin ETF approval could be on the horizon as BlackRock plans a major BTC purchase and experts say the SEC is cornered into allowing regulated crypto funds. Image by Woraphon, Adobe Stock. Asset management firm BlackRock is set to purchase $10 million worth of Bitcoin on Friday, fueling...
AI Art Generator Allegedly Scraped Magic: The Gathering Cards For Material
5.1.2024
AI-generated art is just pulling from existing work people have created and throwing elements together to create what the algorithm thinks you want. But it’s not often you hear specifics of where an AI program is scraping from. Well, the CEO behind AI art-generating program Midjourney allegedly...
Bitcoin Technical Analysis: BTC Consolidates Amid Uncertainty Tied to the ETF Decision
5.1.2024
As the decision for the spot bitcoin exchange-traded fund (ETF) looms near, bitcoin’s price fluctuations embody its mercurial nature, swaying between optimistic surges and measured hesitance. It reached a zenith of $45,922, with Friday’s intraday value oscillating from $43,920...