A sizable number of historical bitcoins, which date from 2010 to 2017, have been transferred for the first time since they were initially created, just as the price of the cryptocurrency is about to break all previous records. Based on available information, in the first week of March 2024, 4,237.73 old bitcoins worth over $283 … Read more
Blockchain analytics show that a $100,000 ether transaction using the Ethereum Name Service (ENS) domain “vitalik.eth” resulted in the conversion of that amount of ether into an equivalent number of stablecoins on the Base blockchain. The address, which is allegedly owned by Vitalik Buterin, one of Ethereum’s co-founders, presently has 955.58 ether, valued at approximately … Read more
Solana (SOL) appears to be declining in the context of the cryptocurrency market dynamics, despite having exceeded the $2 million revenue threshold and maintained a high number of daily active users, seeing a boom in both revenue and network activity. The token’s price has increased by 18% due to bullish market conditions, but technical indicators … Read more
In the current cryptocurrency market, Bitcoin (BTC) has reached a new record top of $69,100, surpassing its all-time high (ATH). Strong inflows into recently introduced Bitcoin ETFs propelled this incredible surge, which raised expectations for the start of a “altseason,” in which altcoins usually do quite well after a BTC rally. In the past, altseasons … Read more
Four days later, on March 5—the day bitcoin reached its peak value of $69,210 per coin—the same entity transferred another 1,000 vintage bitcoins from 2010. On March 1, 2024, an infamous and massive bitcoin mega whale moved 2,000 vintage bitcoins from 2010. Millions are Moved by the 2010 Bitcoin Whale as Prices Peak Known for … Read more
With a trading volume of $10 billion, ten spot bitcoin exchange-traded funds (ETFs) broke their previous record on Tuesday. With more than 170,000 bitcoins under management (AUM) and over $11 billion in assets under management (AUM), Blackrock’s Ishares Bitcoin Trust (IBIT) is still in the lead. Record-High Volume Day for Bitcoin ETFs Spotted Exchange-traded funds … Read more
A lady and a man were apprehended in Argentina on suspicion of running a Ponzi scam that moved more than $400 million in cryptocurrencies through Brazil. With the assistance of Interpol and the Argentine Federal Police, the operation was able to locate the pair. Couple Arrested in Argentina for Supposedly Organizing a $400 Million Ponzi … Read more
As part of its 2024–2025 budget, the city of Hong Kong has provided specifics about the development of new Web3 and digital yuan initiatives. As part of its digital finance plans, Hong Kong Financial Secretary Paul Chan announced in a speech that the city would expand the digital yuan pilot and expedite the creation of … Read more
The Russian digital ruble’s current pilot program is “on track,” according to Bank of Russia Governor Elvira Nabiullina. Wallet opening and smart contract interactions are among the functions being evaluated. Later this year, Nabiullina verified the pilot expansion and disclosed that more than 25,000 transactions had been recorded. Russian Digital Ruble Pilot is “on Track,” … Read more
A bitcoin mining company called Bitdeer just announced the release of what it calls its “first cryptocurrency mining chip.” According to Bitdeer, the chip might be able to increase bitcoin mining efficiency without using an excessive amount of power. A New Rig to Reduce Operating Expenses for Bitcoin Miners Leading bitcoin mining company Bitdeer has … Read more