One mega-whale just loaded up on an Ethereum (ETH) token that powers a popular crypto marketplace. The blockchain-transaction tracker WhaleStats reveals that the unnamed wallet received 14,000,000 FTT, the native token of the FTX exchange. The transaction was worth $581,444,018 at time of sending. The whale now holds over $1.2 billion worth of FTT with …
Category archives: Trending Crypto news
French fintech startup Lydia raises $100 million in series C funding round
French crypto-friendly fintech startup Lydia has raised $100 million in a series C funding round, as per a report in TechCrunch. The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion. The $100 million fundraise comes nearly a year after its series B funding round of $86 million …
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Dogecoin and Ether rank in top 10 news searches on Google in 2021
Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s most searched terms in 2021 on Google On Tuesday, Google released its traditional annual list of the top searches for the year, breaking them down into several categories, including searches, news, people, games, movies and others. According to Google Trends’ “Year in …
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SBI announces crypto joint venture with Swiss digital exchange SIX
SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX). The joint venture would be set up in Singapore through a crypto issuance company and aims to become a regional liquidity hub for institutions. SBI Holdings CEO Yoshitaka Kitao said: …
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Binance Singapore arm acquires 18% stake in private stock exchange
Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX). On Tuesday, the company officially announced the acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore. Binance Singapore CEO Richard Teng said …
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Ethereum Flashing Incredibly Bullish Pattern, Smart Contract Leader Set To Outperform Bitcoin: Crypto Analyst Nicholas Merten
Popular crypto analyst Nicholas Merten says Ethereum (ETH) is flashing an “incredibly bullish” technical pattern against Bitcoin (BTC). Merten tells his 487,000 YouTube subscribers that ETH recently hit its highest level against Bitcoin since May 2018. “This is incredibly bullish. You guys have to be able to look at this chart and realize that this …
House memo details Congress’ priorities ahead of crypto CEO hearing
The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET. Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six executives from the crypto …
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Visa announces new crypto consulting service for merchants and banks
Payments giants Visa is launching new consulting and advisory services in a move to help its clients navigate the world of cryptocurrencies. The firm said on Dec. 8 that its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out …
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Bitcoin holds $50K as analyst says weekly timeframes confirm bull market remains intact
Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silver lining for BTC weekly Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but failing to crack through $50,000 after reaching local highs of $51,990 on …
Elon Musk’s Twitter Exchange on Keys to Digital Assets Poses Custody Questions
HodlX Guest Post Submit Your Post Elon Musk found himself jumping into a Twitter debate on cryptocurrencies, keys and custody, agreeing with only the word “exactly” in response to “not your keys, not your crypto.” This all stemmed from another user commenting on the need to end “dependence on CEXs like Binance and Robinhood.” The exchange illustrates the …
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Iceland cuts power to new Bitcoin miners
National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminium smelters and Bitcoin miners. A representative from the island’s power utility reported it has been forced to reduce energy allocations to southwestern Bitcoin miners and various industrial facilities due to a series of issues including a …
Enso mounting ‘vampire attack’ on six crypto index projects
Metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by performing a “vampire attack” on six major crypto index projects on Dec. 9. A vampire attack is when a platform entices users and liquidity from a competing platform by offering higher incentives for use. In September 2020, SushiSwap performed a …
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Australian government gives nod to 6 world leading crypto reforms
The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.” Treasurer Josh Frydenberg says the reforms “will firmly place Australia among a handful of lead countries in the world.” The reform plan is said …
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Three Arrows buys 156K ETH in the weeks after CEO ‘abandoned ETH’
Crypto hedge fund Three Arrows Capital (3AC) has bought more than half a billion dollars worth of Ether in the time since CEO Zhu Su publicly slammed the cryptocurrency on Twitter. Do the purchases mean he’s changed his mind, or was he just taking advantage of a market crash to buy the dip? In an …
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Jack Dorsey Steps Down As CEO—What It Means for Twitter’s Crypto Efforts
Though Twitter’s biggest Bitcoin proponent has stepped down, the company’s crypto goals will likely continue. Twitter founder Jack Dorsey announced on Monday that he will leave his role as CEO after more than eight years of serving in that capacity. Dorsey initially served as CEO of Twitter between 2006 to 2008, then took on a …
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