21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With …
Monthly archives: July 2024
US Government Transfers $2 Billion in Bitcoin to Unknown Wallet
According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins …
Continue reading “US Government Transfers $2 Billion in Bitcoin to Unknown Wallet”
7-Year-Old Sleeping Bitcoin Wallet Activates, Transfers $14M in BTC
Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin addresses from 2017 have been reactivated. …
Continue reading “7-Year-Old Sleeping Bitcoin Wallet Activates, Transfers $14M in BTC”
Bitcoin traders flag ‘inflection point’ in key futures market metric as BTC breaks range
Crypto traders say Bitcoin is at an “inflection point” after BTC’s open interest rises and the cryptocurrency’s price pushes into a new range.
Kamala Harris to consider Gary Peters as running mate: Report
Gary Peters joins Gavin Newsom, Pete Buttigieg, JB Pritzker, and Josh Shapiro as potential vice presidential candidates.
Bitcoin Is a Hedge Against Central Banks Collapsing and US Dollar Devaluation, Says Economist Alex Krüger
Economist Alex Krüger says that Bitcoin (BTC) is solidifying its role as an asset used to hedge against the debasement of fiat currency and fiscal policy uncertainty. In a new interview, Krüger says the Bitcoin is “a hedge against the tail risk of central banks collapsing and the devaluation of the dollar.” He says the …
Crypto Billionaire Mike Novogratz Issues Warning on US National Debt, Says There’s Only Solution to Crisis
Galaxy Digital CEO Mike Novogratz is warning that US government spending is at an unsustainable level that threatens to bankrupt the country. In a new interview on Bankless, the billionaire says that under former President Donald Trump and current President Joe Biden, government spending has soared to unprecedented levels. Novogratz says the only way to …
Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers
A Texas-based bank holding company is agreeing to pay a $44 million fine to the Federal Reserve for a long list of alleged consumer protection violations. The Federal Reserve Board of Governors says it has taken enforcement action against Green Dot for engaging in numerous unfair and deceptive practices and running a non-compliant consumer risk …
Tyler Winklevoss Says Biden-Harris Administration Has Until November to Unwind ‘Four Years of Terror’ on Crypto
The co-founder of crypto exchange Gemini says that the Biden-Harris Administration has just a few months to undo the damage they’ve done to the digital assets industry. In a new post on the social media platform X, billionaire Tyler Winklevoss says that Democratic presidential nominee Kamala Harris should take action to undo the “four years …
Vice President Kamala Harris Reaching Out to Coinbase and Others To Develop Close Ties With Crypto: Report
Vice President and Democratic nominee for the 2024 US election Kamala Harris is reportedly reaching out to crypto firms in an attempt to reset her party’s previously negative stance on the industry. The Financial Times (FT) reports that Harris’s advisors have established contact with America’s biggest crypto firms, including crypto exchange Coinbase, payments firm Ripple …
Ethereum supply turns inflationary as gas fees drop to record lows
The Ethereum ecosystem is experiencing a historic drop in gas fees, which is impacting both mainnet and Layer 2 transactions. According to Etherscan Gas Tracker, the average gas fee on the mainnet stands at 4 Gwei at press time, approximately $0.21. However, transactions can be processed for as low as 3 Gwei, or around $0.14. …
Continue reading “Ethereum supply turns inflationary as gas fees drop to record lows”
Ethereum ETFs see $2.2B in inflows as Bitcoin gains political backing
CoinShares revealed that digital asset investment products experienced net inflows of $245 million last week. According to the company’s weekly report, the trading volume for exchange-traded products (ETPs) rose to its highest level since May, at $14.8 billion, thanks to the launch of spot Ethereum ETFs in the US. Total assets under management (AUM) for …
Continue reading “Ethereum ETFs see $2.2B in inflows as Bitcoin gains political backing”
Compound Finance faces scrutiny over $24 million treasury allocation
Compound Finance, a prominent DeFi protocol, has faced significant backlash following the approval of a contentious proposal that directs 5% of its treasury—equivalent to 499,000 COMP tokens valued at roughly $24 million—to a lesser-known yield-bearing protocol called goldCOMP Vault. According to CryptoSlate’s data, this allocation has adversely affected the COMP token, which dropped by approximately …
Continue reading “Compound Finance faces scrutiny over $24 million treasury allocation”
Zoomex: A comprehensive report on the up-and-coming crypto exchange
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Zoomex is an innovative crypto exchange platform that has rapidly gained recognition for its user-centric approach, robust liquidity, commitment to security, and unique engagement strategies. Founded to provide a seamless and secure trading experience, Zoomex caters …
Continue reading “Zoomex: A comprehensive report on the up-and-coming crypto exchange”
Over 35k BTC added to exchange balances in 2 weeks
Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000 new BTC added to exchange balances. Data from Glassnode showed exchange balances starting at 3,000,466 BTC in July and peaking at 3,046,600 BTC on July 17 before settling at 3,035,711 on July 28. This represents …
Continue reading “Over 35k BTC added to exchange balances in 2 weeks”