BitMEX co-founder Arthur Hayes says Bitcoin bottomed at $58,600 earlier this week and will start a slow grind higher as Bitcoin whale “Mr.100” bought BTC […] Go to Source
Monthly archives: May 2024
Jack Dorsey Says Block Will Use 10% Of Its Bitcoin Profits To Purchase BTC Every Month
Twitter co-founder Jack Dorsey said his fintech company Block will set aside 10% of the gross profits generated by its Bitcoin products towards purchasing BTC […] Go to Source
Bitcoin ETFs To See New Wave Of Inflows From Sovereign Wealth Funds, Pensions, BlackRock Says
Sovereign wealth funds, pension funds, and endowments are likely to unleash a new wave of capital into Bitcoin ETFs in coming months, said fund management […] Go to Source
US DOJ Indicts Manhattan Man on Fraud Charges Related to $43,000,000 Fake Crypto Ponzi Scheme
The U.S. Department of Justice (DOJ) has just announced the indictment of a New York man who allegedly ran a multi-year Ponzi scheme that swindled millions from investors in the US and abroad. In a statement, the Justice Department says that Idin Dalpour has been charged with one count of wire fraud in connection with …
$2,700,000 To Be Given Away, No Strings Attached, As Google-Backed Guaranteed Income Pilot Prepares for Launch
Tech giant Google is backing a new multi-million dollar guaranteed income project. The pilot program, dubbed “It All Adds Up,” is preparing to give a total of $2.7 million to 225 families that are struggling with homelessness in San Francisco. The five-year program will begin by giving $1,000 per month to each family for one …
Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges
Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event. Bitcoin production increase In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% increase on the year-on-year metrics. This uptick is primarily attributed to the 15% boost in its operational …
Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet
Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “Are we mistaken, or has someone truly lost $68 million worth of WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 WBTC.” Meir …
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Hong Kong firm invests $38 million in BlackRock’s IBIT, highlighting appeal of US ETFs
Quick Take Farside data shows that the Bitcoin exchange-traded funds (ETFs) witnessed an outflow of $34.4 million on May 2. Grayscale’s GBTC was the sole ETF to experience outflows, which is an encouraging sign compared to May 1, when all ETFs faced outflows. GBTC saw an outflow of $54.9 million and currently holds 291,248 Bitcoin. …
Polkadot ecosystem thrives with significant growth in Q1, reaching $12.7 billion market cap: Messari
Polkadot’s ecosystem recorded massive growth across major metrics during the first quarter of the year, according to a Messari report. During this period, the market cap of Polkadot’s native DOT token rose to $12.7 billion from the $8.4 billion recorded in the last quarter of 2023. Notably, this upswing correlates directly with a monumental 270% …
Exploring Bonsai’s impact on Web3 communities with MadFi’s founders
In a captivating episode of the SlateCast, the co-founders of MadFi, Carlos, Nate, and Marcus, joined Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill, to delve into the world of Bonsai, the first genuine community token on the Lens Protocol. The discussion shed light on the motivations behind Bonsai’s creation, its unique features, …
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Bitcoin surges above $60,000 following jobs report
Quick Take Trading Economics data shows that the unemployment rate edged up to 3.9% in April, surpassing expectations of holding steady at 3.8%. Unemployment has been below 4% since February 2022. However, this uptick was offset by a still-robust increase of 175,000 in non-farm payrolls, though below the forecast of 243,000 new jobs. Despite the …
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Tether CEO Paolo Ardoino teases potential Pear Phone powered by P2P apps
Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP). The device would come pre-installed with Holepunch’s …
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Bitcoin’s Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours
After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their positions liquidated over the last day. …
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Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut
Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as reported by several different price aggregation websites. FRIEND Starts Strong but Value Plummets …
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Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto
On May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record as the largest, was mined by Marathon. Record-Setting 841,886 Bitcoin Block Mined, Outpacing Previous Milestone Marathon has …