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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,...
Iron Bank Euro’s Stablecoin Crisis: No Clear Path to Repeg After 60% Value Drop
20.12.2023
Source: Adobe / Skórzewiak Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, has found itself in the midst of a crisis with no immediate route back to its stablecoin peg after experiencing a sharp 60% drop in value on Monday. The stablecoin, with a $3.7 million issuance, tumbled from...
Bahamut Foundation launches Bahamut Grants program with a 10 mln $FTN fund.
20.12.2023
Bahamut Foundation introduces its latest initiative, Bahamut Grants, marking a significant leap towards the journey of Web3 evolution. The available fund for the program is $10 million $FTN with a very flexible distribution. It’s important to note that Bahamut is the preferred blockchain platform...
Atomic Wallet Offers $1 Million Bug Bounty Amid Security Lawsuit
20.12.2023
Source: Adobe / Ascannio Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software. In an announcement on December 18, the development team...
Is Filecoin Price Going to Zero? FIL Sinks 5% as New Bitcoin Mining Protocol Gathers $5.5 Million in Funding – Next Big Thing?
20.12.2023
Leading decentralized file storage token Filecoin (FIL) has sunk -5%, leaving some panicked holders asking ‘is Filecoin price going to zero?’. The -5% drop appears to have been triggered by localized retracement moves, as Filecoin price shifts down to test supportive footing from...
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...
Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
20.12.2023
On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these facilities, Marathon invested a total of $178.6 million...
South Korean Supreme Court Jails $153m Crypto Fraudster for 10 Years
20.12.2023
Source: alswart/Adobe South Korea’s Supreme Court has jailed a crypto fraudster who amassed $153 million for 10 years, upholding a sentence handed out in February. The man, surnamed Ko, was the CEO of a crypto firm that called itself QRC Bank. He was convicted of defrauding some 5,400 crypto...
Crypto Industry Funnels $78 Million Into War Chest to Elect Pro-Crypto Candidates in 2024 Elections
20.12.2023
Prominent crypto companies and leaders have contributed to a war chest to support pro-crypto candidates in the 2024 elections, amassing $78 million to date. “The U.S. cannot afford to continue taking a back seat on the global stage. Regulatory overreach (esp from the SEC) is actively moving...
Crypto Derivative Platform Hegic’s Profitable DeFi Strategy Could Spark Probe From SEC – Here’s Why
19.12.2023
Source: Adobe Hegic, a crypto derivatives trading platform, may have just exposed itself to an insider trading probe from the U.S. government following a profitable but sketchy trade with an affiliate company. The platform recently scored $17 million when its pseudonymous founder, Molly Wintermute...
Vitalik Buterin’s $1 Million Ethereum Transfer to Coinbase Sparks Speculation
19.12.2023
Monitoring of high-profile crypto addresses by onchain analysts has recently revealed that Ethereum co-founder, Vitalik Buterin, transferred 500 ETH, valued at slightly over $1 million, to Coinbase. This action is part of a pattern, following Buterin’s previous transfers to exchanges...
Atomic Wallet Announces Bug Bounty Program, $1 Million Up for Grabs
19.12.2023
Atomic Wallet has announced the launch of a public bug bounty program featuring a $1 million prize pool in the hopes of making the app “an even more secure experience for users.” Up to $1 million on the table According to a recent press release from the noncustodial wallet interface, the bug bounty...
Is Bonk Going to Zero? BONK Price Declines 10% as Novel Mining Protocol Reaches $5.5 Million Milestone
19.12.2023
Solana-based meme coin Bonk has plummeted -10%, fuelling FOMO amongst retail traders left asking – is BONK going to zero? This comes on the tail-end of a huge pump, fuelled by a highly anticipated Coinbase BONK listing – which fuelled a dramatic +80% pump. Introducing The 12 Days of BONKmas...
Shiba Inu Price Prediction as $250 Million Trading Volume Floods In – Are Whales Buying?
19.12.2023
The Shiba Inu price has surged by 6% in the past 24 hours, rising to $0.00001045 as Bitcoin ETF-related optimism pushes the crypto market as a whole towards a 5% gain today. SHIB has now risen by 8.5% in a week and by 22% in the last 30 days, with the famous meme token also […]
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Market Turmoil Triggers Over $215M in Liquidations as 100,000 Traders Face Losses
19.12.2023
Source: iStock/Yevheniia Hordieieva The crypto market has recently experienced a surge in volatility, leading to more than $215 million in liquidations over the past 24 hours. Bitcoin (BTC), which had been trading at a multi-year low, rebounded by 5% in the last 24 hours, reaching a price...
Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine
19.12.2023
Source: Pixabay In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to...
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...
Cipher Mining Enhances Bitcoin ASIC Fleet With 7.1 EH/s Bitmain Deal
18.12.2023
On Monday, Cipher Mining revealed its acquisition of 7.1 exahash per second (EH/s) in new mining equipment from Bitmain. The company invested in Bitmain’s T21 series miners, totaling a purchase price of $99.5 million. Cipher Mining’s Strategic $99.5 Million Investment in Next-Gen Bitmain...