Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings. Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the shares at an average price of around $1,170, locking …
Category archives: Trending Crypto news
It’s A Man’s Market: NFT Female Artists Made 5% Of Sales In 21 Months
ArtTactic, the research firm, published a report where they found out that female NFT artists only made 5% of all Nifty Gateway’s NFT sales during the past 21 months. The NFT space generated a trading volume of over $10.67 billion in 3Q 2021 alone, and with such a remarkable growth ArtTactic’s report set off many …
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Bitcoin Payments Card Are Coming To Asia Pacific, Courtesy Of Mastercard
Mastercard has been upping its bet in the bitcoin space of late. The payments processor, alongside its rival Visa, has realized that the future of payments will happen on the blockchain, hence it is better to get in now than later. This has put MasterCard at the forefront of development on the payments side of …
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Institutional Bitcoin Open Interest Plummets, But Why?
Institutional investors had FOMO’d into bitcoin with the release of the first Bitcoin ETF. This enthusiasm quickly died down the week following the approval as trade volumes plummeted. The record opening was quickly replaced by lackluster momentum that saw institutional investors pull out of the market, likely owing to the asset touching a new all-time …
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Bitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling
Data shows Bitcoin supply has been relatively illiquid recently as long-term holders haven’t started realizing profits much. Bitcoin Supply Last Moved Within 30 Days Has Been Relatively Low As per the latest weekly report from Arcane Research, despite a rise in BTC’s price recently, the supply moved within the last 30 days hasn’t risen much. …
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Interview: What Makes Worthpad Better Than Other DeFi Projects Out There?
Worthpad is a project that is making DeFi accessible to all, investors and developers alike. We reached out to the team and asked a few questions to get to know them better. Here’s how it went. Q: Let us start by introducing Worthpad to our readers. Can you please give us a short overview of …
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Proshares Bitcoin futures fund in top 2% of all ETFs for volume
Since its launch on Oct. 19 Proshares’ Bitcoin futures exchange-traded fund (ETF) has been a popular choice with traders, rising to the top 2% of all ETFs in terms of total trading volume. Bloomberg’s Senior ETF analyst Eric Balchunas noted on Nov. 11 that the ProShares Bitcoin Strategy ETF (BITO) had $400 million worth of …
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Rocket Pool Eth2 staking service launches, hits stage two cap in 45 seconds
The launch of ETH2 staking service Rocket Pool saw it hit its stage two cap in just 45 seconds according to the co-founder of hosting partner Allnodes Konstantin Boyko-Romanovsky. In its first two days of operations, Rocket Pool has registered 237 node operators across 42 global locations, with 1088 ETH staked. According to an announcement …
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‘Sinister’ debanking of crypto traders is often anti-competitive says Senator Bragg
Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said. “I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more sinister and threatening than it appears on the surface,” the Liberal Senator for …
Record-high inflation prompts investors to take a closer look at Bitcoin
Consumers in the United States and around the world continue to feel the pinch of inflation and recent data shows that the Consumer Price Index (CPI) rose 6.2% in October when compared to last year, a development which further cast doubt on the “transitory” inflation narrative coming out of the Federal Reserve. Inflation at 6.2% …
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Institutional Investors Pouring Millions Into Surprise Altcoin As Bitcoin Year-to-Date Inflows Hit New Record: CoinShares
Institutional investors are shifting the amount of capital they’re allocating to the crypto markets, with a surprise altcoin suddenly on their radar. According to the digital asset management firm CoinShares, crypto investment products enjoyed a 12th consecutive week of inflows from institutions. Seemingly out of nowhere, Tron (TRX) surged near the top of the altcoin …
Bitcoin To Remain King, but Rest of Crypto Markets Could Be Anyone’s Game: Kraken CEO Jesse Powell
Jesse Powell, CEO of crypto exchange Kraken, says that Bitcoin (BTC) won’t be unseated anytime soon. In a new interview with Yahoo Finance, Powell says that while BTC will remain the go-to crypto from a store-of-value perspective, Ethereum (ETH) may have some competition in the smart contract realm. “I think Bitcoin is still the best …
Solana Poised To Add Millions of New Users As It Teams Up With Privacy-Focused Browser
In a move that will integrate high-performance blockchain wallets and privacy-focused browsers, smart contract platform Solana (SOL) announced a business partnership with Brave browser. Brave says in a press release that Solana will get access to over 40 million users on the browser, as well as over one million creators. “Brave will integrate the Solana …
Retail Giant Media Markt Hit With $50,000,000 Bitcoin Ransomware Demand in Alleged Attack: Report
Europe’s largest consumer electronics chain is being targeted in a ransomware attack demanding tens of millions of dollars worth of Bitcoin (BTC). According to BleepingComputer, German-based retailer Media Markt is the victim of a scam where bad actors stole its data and initially demanded nearly a quarter of a billion dollars worth of BTC. The …
The city of Philadelphia rolls out its own blockchain initiative
City of Philadelphia Chief Innovation Officer Mark Wheeler announced an initiative to bring blockchain technology to city government on Monday. The project has invited people working in the blockchain and smart contracts space to contact staff working on the project to see how crypto technology could be useful within municipal government. Wheeler tweeted that he …
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