A Bitcoin (BTC) whale moved more than $875.7 million worth of Bitcoin in a single transaction as BTC’s price continued to move sideways on Tuesday. The blockchain tracker Whale Alert first reported a transaction between two unknown wallets on Tuesday morning. A separate unknown wallet also received less than 0.002 BTC from the sending wallet. …
Category archives: Trending Crypto news
Crypto.com to acquire two US exchanges for derivatives and futures offerings
Global crypto exchange Crypto.com is looking to strengthen its foothold in the United States with the acquisition of IG Group’s stakes in two exchange platforms. Crypto.com announced that it is purchasing the U.S.-regulated North American Derivatives Exchange (Nadex) and the Small Exchange for a reported $216 million. The deal is expected to close in the …
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NFT game Guild of Guardians raises $5.3M, token sale oversubscribed 82X
Upcoming NFT based mobile role-playing game Guild of Guardians has sold out two tranches of its native token (GEMS) totaling $5.3 million. The token sale, held on Coinlist on Nov. 30 was oversubscribed 82 times, with around 808,000 users registering. More than 10,700 new GEM holders from over 100 countries purchased a maximum of $500 …
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Imprisoned Silk Road founder causes a stir with NFT drop
Ross Ulbricht, founder of defunct dark web marketplace Silk Road, has created a stir by announcing he will auction off his series of nonfungible tokens (NFT) starting Dec. 2. The imprisoned early Bitcoin adopter announced via his supporter operated Twitter account on Dec. 1 his plans to auction the Ross Ulbricht Genesis Collection on Superare …
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Meta’s head of crypto to step down at end of year
David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021. Taking over from Marcus will be Stephane Kasriel, the former CEO of Upwork who has been at Meta, formerly known as Facebook, since August 2020. Marcus announced the decision via a Dec. 1 …
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Borderless Capital launches half billion dollar fund for Algorand projects
Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. We are excited to …
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India Could Ban Cryptocurrency, Create CBDC With Upcoming Law
India is preparing a bill that could impose a ban on crypto and make way for a central bank digital currency. The Indian government could impose heavy restrictions on cryptocurrency at an upcoming parliamentary session beginning in late November. On November 23, the Indian Parliament of Lok Sabha posted a bulletin on its website stating …
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Bitcoin “Speculative Chart” Suggests Cryptocurrency To Soon Blast off
As institutions, corporations, countries, and more buy into Bitcoin, the cryptocurrency is beginning to transition from a speculative asset to a macro financial asset much like gold, oil, and others. But before that happens, the top cryptocurrency by market cap is mimicking Jesse Livermore’s “speculative chart” with incredible accuracy and precision. If this rare chart pattern …
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MicroStrategy Follows El Salvador’s Lead As It Buys Bitcoin Dip
For those who can afford it, the recent dips in Bitcoin price have been nothing more than an opportunity to buy the digital asset at a discounted price. This has certainly been the case for El Salvador and now MicroStrategy, as both these entities have moved swiftly to take advantage of the price dip to …
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Ethereum Supply On Exchanges Reaches New Low Of 14%
On-chain data shows that the percentage of Ethereum supply present on exchanges has set new lows of around 14%. Ethereum Supply On Exchanges Continues To Go Down As pointed out by an analyst in a CryptoQuant post, the ETH supply present on exchanges has been going down since a while now. It has now hit …
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True or false: 91% of surveys about Bitcoin and crypto are totally wrong
When Tony Richards, the Head of Payments Policy at the Reserve Bank of Australia (RBA), read the recent survey results from Finder’s Crypto Report saying that almost one in five Australians owned crypto, he didn’t believe it for a second. However, the results had already been widely published around the country, gracing headlines for weeks. …
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Eth2 devs put out call to community to help test out the Merge
Ethereum (ETH) developers have put out a call to the community to help test the long awaited Merge between the Ethereum Mainnet and the proof-of-stake (PoS) based Beacon Chain. The Merge is a major milestone towards the transition to Eth2 as it will see the Ethereum network become a PoS blockchain, decreasing its energy consumption …
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Grayscale tells SEC ‘no basis’ to approve Bitcoin futures ETFs and not spot ETFs
Grayscale Investments has fired back a the U.S. Securities and Exchange Commission (SEC) over the recent rejection of VanEck’s spot Bitcoin ETF application. The operator of the Grayscale Bitcoin Trust (GBTC) issued a letter to Secretary of the SEC, Vanessa Countryman, on Nov. 29 to argue the SEC is wrong to reject spot Bitcoin ETFs …
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Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana
The world’s largest digital asset manager just announced the launch of a single-asset investment product exposing its holders to Solana (SOL) – and support for more Ethereum competitors may be imminent. In a press release, Grayscale announces the new Solana Trust, which will join its other 13 single-asset crypto investment products. “The Trust is solely …
Number of Bitcoin Addresses Smashes All-Time Highs As BTC Attempts Bull Market Recovery: Crypto Insights Firm Glassnode
Despite Bitcoin’s price correction this month, the number of addresses with a BTC balance has surged to an all-time high, according to the crypto insights firm Glassnode. The number of Bitcoin addresses with a non-zero balance hit a new all-time high last week, Glassnode reports on Twitter. “The number of Bitcoin addresses with a non-zero …