A long-dormant Ethereum (ETH) whale abruptly woke up on Monday and sent more than $773,000 worth of the second-largest digital asset to the top US crypto exchange Coinbase. The crypto-tracking platform Whale Alert notes the wallet is a pre-mine address that wasn’t active for more than 8.5 years. Pre-mining refers to the creation of a …
Monthly archives: February 2024
Singapore grants HashKey OTC in-principle approval for major payment institution license
HashKey, the operator of one of Hong Kong’s licensed crypto exchanges, secured an in-principle approval from Singapore’s leading financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license via its over-the-counter trading arm, Hashkey OTC, according to a Feb. 28 statement shared with CryptoSlate. The MPI license empowers HashKey OTC …
Short term holders sent record $3 billion in profit to exchanges
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Sam Bankman-Fried lawyers decry proposed 100 year sentence as ‘barbaric,’ seeks 78 months
Sam Bankman-Fried, the founder of the now-defunct FTX exchange, is pushing for a lighter prison term, aiming for 78 months or less, according to a Feb. 27 court filing. Bankman-Fried’s legal team, led by Marc Mukasey, criticized the Pre-sentence Investigation Report (PSR) recommendation of a 100-year sentence as “barbaric.” The lawyers highlighted SBF’s status as …
Whale transactions and ETF records fuel Bitcoin’s push toward $60,000
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BlackRock’s IBIT leads with record $520 million inflow, 3rd best day since launch
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Bitcoin Miner Riot Acquires 31,500 ‘Next Generation’ M60S Mining Machines Worth $97.4 Million
Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth $97.4 million by the end of July 2024. The addition of the new bitcoin mining machines is projected to increase the “self-mining” hashrate capacity of Riot’s Rockdale Facility to 15.1 EH/s. Replacement of Underperforming Miners …
Aleksandr Li: Understanding Pik-Swap and the Hybrid Decentralized Wager Platform
N-PIK is an online gambling platform that utilizes its own PIK token, PLYP token to enable players to join raffles, as well as a comprehensive token-based economy to allow players to bet, wager, and win in the best games of skill and chance. The ecosystem’s platforms are already licensed in Uganda and Kenya. Li Aleksandr …
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Lemon Report: Argentina Leads Crypto Adoption in Latam; Tether Dominates Stablecoin Sector
Argentina is leading the adoption of cryptocurrency in Latin America. According to a report titled “Argentina Crypto Capital,” produced by Lemon, a leading exchange in the country, four of every ten cryptocurrency apps in Latam are being used by Argentines, with over 70% of the deposits processed by the exchange corresponding to USDT, Tether’s dollar-pegged …
Peruvian Stock Exchange Announces Bitcoin Spot ETF Listings
The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the …
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Bitcoin.com Ushers in New Leadership Era with Corbin Fraser as CEO
In a significant development for Bitcoin.com, a trailblazer in the cryptocurrency domain, the company announces the resignation of its CEO, Dennis Jarvis, and the welcoming of Corbin Fraser as the new Interim CEO. This leadership change marks a new chapter in Bitcoin.com’s journey towards making cryptocurrency accessible and usable for everyone, everywhere. During his tenure …
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Bitcoin Breakout Could Send BTC to Massive Price Target, Says Legendary Trader Peter Brandt – But There’s a Catch
Veteran trader Peter Brandt is raising his target price for Bitcoin (BTC) this cycle after the crypto king broke out of a massive bullish pattern. The seasoned trader tells his 717,300 followers on the social media platform X that Bitcoin is now in a position to surge over 250% from current levels by Q3 2025 …
9 Bitcoin ETFs Break All-Time Volume Record With $2,400,000,000 Trading Turnover: Bloomberg Analyst
The nine newly created spot Bitcoin (BTC) exchange-traded funds (ETF) broke their all-time volume record on Monday, according to Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence. Balchunas notes the ETFs registered $2.4 billion in volume on Monday, topping their big first day and doubling the recent daily average. Blackrock’s iShares Bitcoin Trust (IBIT) …
Chamber of Digital Commerce files amicus brief supporting Kraken in SEC lawsuit
The Chamber of Digital Commerce filed an amicus curiae defending crypto exchange Kraken in the lawsuit initiated by the US SEC, according to Feb. 27 court filings. The Chamber explained that the purpose of the amicus brief is to end the SEC’s attempted regulation of the digital asset industry through enforcement without legislative authority. The …
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CBDC Anti-Surveillance State Act Back in the Senate
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to …
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