Current GBTC shareholders will receive shares in Grayscale’s new Bitcoin ETF in proportion to what they currently hold in GBTC.
Monthly archives: July 2024
Crypto Exchange WazirX Hacked, Loses Over $230,000,000 in Ethereum, Shiba Inu and Other Assets: On-Chain Data
Hackers have breached and siphoned large amounts of assets from the India-based crypto exchange WazirX. According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident. The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of …
Whales’ Rolling Window: Assassins, Rate Cuts and Portfolio Allocation
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › The result of the US election is an essential factor affecting the process of interest rate cuts and liquidity return. After Trump was assassinated but survived, the result of the US election seems to have been …
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Creating BTC Growth Points: GoMining Vision
From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market, …
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Ethereum Layer 2 Scroll halts chain finalization after Rho Markets suffers $7.6M breach
Ethereum layer-2 network Scroll has delayed its chain finalization due to a potentially exploitable bug within its ecosystem. On July 19, Rho Markets, a lending protocol on the blockchain, detected unusual activity and suspended operations to investigate. Blockchain security firm Cyvers Alert reported a hack of approximately $7.6 million on Rho Markets’ USDC and USDT …
Bitcoin as US Reserve Asset: Can Trump do it and what would it mean?
Former US president Donald Trump is rumored to be planning to announce his desire to make Bitcoin a “strategic reserve asset” during an upcoming crypto conference, a move that could significantly impact the digital asset’s global status and value. CryptoSlate reported the potential for this move on July 4 after Bitcoin SoftWar author Jason P Lowery …
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Tether pushes for decentralized tech systems following worldwide IT issue
Stablecoin issuer Tether CEO Paolo Ardoino has urged increased investment in decentralized peer-to-peer technologies after a global IT outage today, July 19. CryptoSlate reported that a significant technical issue with CrowdStrike’s centralized software led to a global outage affecting many sectors. This issue caused Windows computers to display the Blue Screen of Death (BSOD), disrupting …
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Strong BlackRock ETF inflows battle Grayscale outflows to sustain positive flows
Recent data from Farside Investors reveals a shift in Bitcoin exchange-traded fund (ETF) flows over the past two days. On July 17, Bitcoin ETFs experienced modest inflows totaling $53.3 million. The iShares Bitcoin Trust (IBIT) led with $110.4 million, while the Fidelity Physical Bitcoin ETP (FBTC) added $2.8 million. However, significant outflows were observed in …
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WazirX attacker converts $235 million theft into Ethereum, holds nearly 60K ETH
On-chain data shows that the WazirX exploiter has converted most of the stolen assets from the Indian crypto platform into Ethereum. On July 18, WazirX was exploited for around $235 million in several digital assets, with blockchain investigators suggesting that the North Korea-backed Lazarus Group perpetrated the attack. While the exchange quickly implemented measures to …
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Grayscale slashes Ethereum Mini Trust fees to 0.15%, lowest in market
Grayscale, one of the issuers of the impending Ethereum exchange-traded funds (ETFs), has lowered the management fee for its Mini Trust to 0.15% from 0.25%, according to a July 18 filing. The firm stated: “Grayscale Investments has updated its registration statement for Grayscale Ethereum Mini Trust to reflect a management fee of 0.15%. Additionally, we …
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Fantom Foundation and Sonic Labs Tap Alchemy to Boost Performance and Scalability for Opera and Sonic
Fantom Foundation and Sonic Labs have announced a strategic partnership with Alchemy, a Web3 infrastructure provider. This collaboration aims to enhance the performance and scalability of both Opera and Sonic. Alchemy will contribute RPC support and key development tools to developers on Opera, and similar support will be extended to Sonic upon its launch later …
Africa’s Blockchain Funding Drops to 1.3% in 2023, Deal Share Rises – Report
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% …
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Hamster Kombat Continues Rising in Pre-Market Trading as New P2E Token Shiba Shootout Raises $700k
The meme coin market has flipped bullish again over the past week. Hamster Kombat (HMSTR) is doing well in pre-market trading, leaving traders buzzing about its upcoming exchange launch. Meanwhile, everyone’s wondering if Shiba Shootout (SHIBASHOOT), the new Wild West-themed meme coin, can match Hamster Kombat’s success. Pre-Market Trading Frenzy Continues for Hamster Kombat Hamster …
KPMG Establishes Strategic Alliance With Cryptio
KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic alliance with Cryptio, a crypto accounting software platform. This collaboration aims to help companies establish controls for better accounting of crypto assets, meeting US GAAP accounting and reporting obligations. The alliance will empower enterprises and institutions to navigate the complexities of the …
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Wazirx Takes Legal Action After $230 Million Cyberattack — Liminal Insists Platform Secure
Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen funds. Meanwhile, Liminal Custody has insisted that its platform remains secure and that all malicious …