Crypto asset manager Grayscale is launching a new product focused on income from staking rewards. In a new announcement, Grayscale says that it is launching the Grayscale Dynamic Income Fund (GDIF), a new actively managed investment product that aims to earn profits from the staking rewards of proof-of-stake (PoS) crypto assets. “GDIF is our first …
Monthly archives: March 2024
JPMorgan Chase Executive Steals $2,400,000 From Customers, Admits To Taking Cash from 74-Year Old Wheelchair-Bound Client
An ex-JPMorgan Chase executive has admitted to stealing $2.4 million from the banks’ clients, new court documents show. In a judgment filed on March 15th at the US District Court in the Southern District of New York, Judge Denise L. Cote sentences Kevin Chiu to 48 months in prison after he pleaded guilty to bank …
Market Resilience Tested as NFT Sales Fall for Third Consecutive Week
Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT transactions amassed $82.61 million, despite experiencing a 3.8% drop from the previous week’s figures. Despite …
Continue reading “Market Resilience Tested as NFT Sales Fall for Third Consecutive Week”
Dogwifhat Rises to Become the Third-Largest Meme Coin by Market Valuation
This week, the crypto asset dogwifhat (WIF), a meme coin, ascended to the third-highest valuation among all meme tokens. In the last day, WIF appreciated by 17% against the U.S. dollar and saw a 435% increase over the past 30 days. WIF Surpasses Major Competitors, Securing Third Spot Among Meme Coins In the recent week, …
Continue reading “Dogwifhat Rises to Become the Third-Largest Meme Coin by Market Valuation”
Vintage Bitcoin Vaults Awaken — Over $41M in BTC Moves After 11.7 Years of Slumber
On Friday, March 29, 2024, an early bitcoin enthusiast who acquired their holdings in 2012 transferred 100 bitcoins, valued at approximately $6.98 million, at block height 836,813. Roughly 42 blocks later, at block height 836,855, another individual, or possibly the same entity, relocated 500 bitcoins from a wallet established on July 13, 2012, now estimated …
Silver Left Behind as Gold Claims the Spotlight With Record Price Spike to $2,233 per Ounce
This week, the value of gold soared to an unprecedented peak, hitting $2,233 per troy ounce as of March 29. In contrast, silver has not exhibited the same level of brilliance, with its value standing at $24.97 per troy ounce, a significant 91% decline from its all-time high of $47.91 on March 31, 2011. Gold …
Trader Nets Over 27,600% in Profit on a Memecoin Built on the Base Layer-2 Blockchain: Lookonchain
A trader is seeing over 27,600% in profits after investing in a memecoin launched on the Ethereum (ETH) layer-2 scaling solution Base. According to blockchain tracking firm Lookonchain, one smart trader turned $18,000 into $5 million – a gain of 27,677% – after purchasing Degen (DEGEN) in January. “Only invested 7.35 ETH ($18,000) on DEGEN, …
‘It’s Going To Do Something Insane This Cycle’ – Analyst Says This Memecoin Primed To Skyrocket by at Least 200%
A widely followed crypto analyst thinks that a leading meme token is primed to witness big bursts to the upside in the coming months. The analyst pseudonymously known as Altcoin Sherpa tells his 212,900 followers on the social media platform X that Dogecoin (DOGE) could rally by over 200% from current levels. “DOGE: this is …
Arrow Markets Secures $4M in Series A to Forge New Paths in Crypto Options Trading
On Friday, the Avalanche-based options protocol, Arrow Markets, unveiled its successful $4 million Series A fundraising initiative. The global project aiming to “revolutionize crypto options trading” garners support from prominent backers including Framework Ventures, Delphi Ventures, and the Avalanche Blizzard ecosystem fund. Crypto Options Platform Arrow Markets Bags $4M in Funding Arrow Markets, an options …
Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign
Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each …
Continue reading “Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign”
April Will Be a ‘Very Interesting Month’ for Bitcoin and Crypto, Says Benjamin Cowen – Here’s What He Means
Analyst Benjamin Cowen is putting out his forecast for Bitcoin (BTC) and the crypto market over the coming month. Cowen tells his 796,000 YouTube subscribers in a new video that he thinks “April is going to be a very interesting month” for the crypto industry. “I expect a ton of volatility in April especially as …
Bitcoin Offering ‘Final Bargain’ Opportunities Before Parabolic Rally Erupts, Says Trader – Here’s the Timeline
A closely followed analyst believes that Bitcoin (BTC) is now consolidating while gearing up for a parabolic move. In a new video update on YouTube, pseudonymous analyst Rekt Capital tells his 70,600 subscribers that Bitcoin’s current value may not last for much longer as he expects the king crypto to soon soar to new all-time …
TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023
A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3 billion worth of USDT used in illegal transactional flows. TRM Labs …
Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin
Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S. a chance to avoid a “debt death spiral.” …
Continue reading “Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin”
Quadrigacx Co-Founder Compelled to Account for 45-Bar Gold Stash
Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, and a jewelry set with a diamond-studded Rolex watch. Quadrigacx Cofounder Must Explain 45 Gold Bar …
Continue reading “Quadrigacx Co-Founder Compelled to Account for 45-Bar Gold Stash”