Deep-pocketed Bitcoin (BTC) traders are suddenly moving billions of dollars worth of the flagship digital asset to and from crypto exchanges and unknown wallets. New data from whale-surveying platform Whale Alert reveals that one BTC whale abruptly moved 35,049 BTC worth $1,518,020,170 from an unknown wallet to another on January 31st, the biggest transaction involving …
Monthly archives: February 2024
Cathie Wood’s ARK Invest Says An Optimal Investment Portfolio Should Hold About 20% Of Bitcoin
Cathie Wood’s ARK Invest said an optimal investment portfolio should have held 19.4% of Bitcoin last year and that such an allocation maximizes ”a portfolio’s […] Go to Source
Solana-Based Jupiter (JUP) Token Slumps 70% On Debut After $700 Million Airdrop
Jupiter (JUP) slumped as much as 70% on its debut after conducting one of the largest airdrops on the Solana blockchain, with around $700 million […] Go to Source
Bitcoin Minetrix Cloud Mining Innovator Sees Presale Rocket Past $10 Million
Tokenized cloud-mining innovator Bitcoin Minetrix ($BTCMTX) has raised more than $10 million from contributors. The fundraising run rate for the Bitcoin Minetrix ICO is accelerating […] Go to Source
Ripple Chairman Chris Larsen Hacked For XRP Worth A Reported $112.3 Million
Ripple co-founder and executive chairman Chris Larsen said his personal XRP accounts were hacked with reports putting the loss at as high as $112.3 million. […] Go to Source
SEC Could Approve Spot Ethereum ETFs in May, According to Standard Chartered: Report
International cross-border bank Standard Chartered reportedly anticipates US federal regulators to greenlight the offering of a spot Ethereum (ETH) exchange-traded fund (ETF) months after approving a similar financial product for Bitcoin (BTC). In a new report, Bloomberg says that Standard Chartered expects the U.S. Securities and Exchange Commission (SEC) to rule on the spot Ethereum …
Polygon Labs announces 19% reduction in staff to streamline operations
Polygon Labs has announced a 19% reduction in its workforce, impacting 60 employees across various departments. The decision, announced by CEO Marc Boiron in an internal memo on Feb. 1, is part of the company’s broader strategy to realign its focus on core projects and accelerate its mission in the web3 ecosystem. Staff cuts Despite …
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Hut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic Digital
Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on Feb. 1, marking a significant development for Ionic, a mining-focused entity that recently emerged from Celsius’s Chapter 11 bankruptcy. Ionic would be led by the former Chief …
Singapore issues warning on rising ‘crypto drainer’ phishing scams
Singaporean authorities have recently issued a joint advisory through the Singapore Police Force (SPF) and the Cyber Security Agency of Singapore (CSA), cautioning crypto traders about the escalating menace of digital asset wallet drainers. In their Jan. 31 advisory, the SPF and CSA highlighted crypto drainers’ pivotal role in phishing attacks, specifically helping malicious players …
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A new take on Proof of Work – Core Blockchain XCB is a dark horse for 2024
Welcome to my new weekly column, Core Corner. This feature is focused on Core Blockchain (XCB), a layer-1 ecosystem attempting to reshape the decentralized digital landscape. Last year, I met with the chain’s core developers, CoDeTech, and produced this short documentary on the development up to that point. Since then, the team has launched the first …
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Bitcoin’s steady stand: 146 days of trading between $40k and $45k
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Bitcoin challenges ‘Magnificent Seven’ tech giants with 84% annual gain amid ETF buzz
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Tether reports $5B reserve excess after making more profit than Goldman Sachs last quarter
Goldman Sachs reported a profit of $2.01 billion in the last three months of the previous year, while Tether’s Q4 report revealed that its profits comprised $1 billion from U.S. Treasury bills and $1.85 billion from holdings in Gold and Bitcoin. This remarkable performance can be attributed to the surge in the crypto market, driven by …
Crypto Trader Says Dogecoin Rival Flashing Bullish Signal, Predicts Bitcoin Will Surge by Double-Digits
Cryptocurrency trader and strategist Ali Martinez is expressing bullish sentiment on a Dogecoin (DOGE) competitor and Bitcoin (BTC). Martinez tells his 42,700 followers on the X social media platform that the Tom Demark (TD) Sequential indicator is “flashing a buy signal” for Shiba Inu (SHIB) and “hinting that SHIB could be gearing up for an …
Analyst Michaël van de Poppe Forecasts 90% Rally for Top-20 Ethereum-Based Altcoin, Updates Outlook on Bitcoin
A widely followed cryptocurrency analyst and trader believes that one top 20 altcoin project is primed to move another leg up. Michaël van de Poppe tells his 692,300 followers on the social media platform X that the decentralized oracle network Chainlink (LINK) could increase about 90% from its current value. “Chainlink is still stuck in …