Bitcoin’s price moved past $38,000 after the software firm revealed details of its recent purchase. BTC has the potential to retrace in the short term, the MVRV ratio indicated. The aftermath of MicroStrategy’s recent Bitcoin [BTC] purchase has left bears wondering if times have changed. This is because the Bitcoin price did not nosedive as
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Celsius Network, a cryptocurrency lending platform, might need to secure a fresh vote from creditors for its planned shift to a Bitcoin mining venture, as a U.S. bankruptcy judge suggested in a recent court session. The crypto lender provided details on Thursday, Nov 30, of its plan to only mine Bitcoin when it emerges from
dYdX has unlocked 150 million DYDX tokens. Three big whales who received some of the tokens have sent the same to Binance. In the early trading hours of 1st December, leading perpetual contracts platform dYdX [DYDX] completed the unlocking of 150 million DYDX tokens, totaling around $465 million. Data from Token Unlocks showed that the
Australia’s controversial new guidelines for cryptocurrency taxation should be ignored for being unclear and should probably be seen as “toilet paper,” according to an Australian law firm. On Nov. 9, the Australian Tax Office (ATO) released guidance that could impact how investors and traders involved in decentralized finance report their taxes. In a Nov. 27
Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies. Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities
dYdX has unlocked 150 million DYDX tokens. Three big whales who received some of the tokens have sent the same to Binance. In the early trading hours of 1st December, leading perpetual contracts platform dYdX [DYDX] completed the unlocking of 150 million DYDX tokens, totaling around $465 million. Data from Token Unlocks showed that the
The suggestion that Hong Kong could make an “Initial Coin Offering” (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Association to revitalize Hong Kong’s economy. The document, signed by association president Chen Zhihua, was published on Nov. 29 and included various measures, ranging from routine to bold. The
Update Nov. 30 1:10PM UTC: This article has been updated to add details on the hackers demands. The hacker behind the $46-million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which include “complete executive control” over the Kyber company. On Nov. 30, the KyberSwap hacker sent an on-chain message
The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an Ethereum Virtual Machine (EVM)-compatible blockchain called “RARI Chain,” with royalties embedded into its nodes. In an announcement sent to Cointelegraph, the RARI Foundation said that RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With
It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3-billion settlement with the United States Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the net withdrawal of multichain
A United Nations agency tasked with helping countries eliminate poverty is set to upskill its 22,000 staff in blockchain technology, with the ultimate goal of helping countries achieve “sustainable development” growth. According to a Nov. 30 statement, the United Nations Development Programme (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in
The world’s largest crypto asset management company, Grayscale, has recently made a few significant adjustments to its Grayscale Bitcoin Trust (GBTC) agreement for the first time in five years, signaling a strategic shift. Grayscale Adjustments To The Agreement Governing Its GBTC On Wednesday, November 29, Grayscale submitted a consent solicitation statement in an effort to
Our weekly roundup of news from East Asia curates the industry’s most important developments. Yet another crypto scandal in Hong Kong Scammers posing as investment experts allegedly enticed 145 victims to tip $18.9 million into the unlicensed Hong Kong crypto exchange Hounax. According to reports earlier this week, the police said investors were allegedly promised
The United States’ approach to cryptocurrencies could do more harm than good and they risk losing major players by the time they “get their act together,” Cardano founder Charles Hoskinson has said. “When you look at some of the U.S. regulators, in particular, they’ve done a really good job of alienating most of the industry.
Dipayan Mitra Journalist Posted: November 30, 2023 Share this article The top 10 Tether wallets held tokens worth $15.23 billion at press time. Market indicators suggested that investors might expect a few slow-moving days. Bitcoin [BTC] has displayed a steady increase in its value over the last few weeks as its value remained above the
Business intelligence firm MicroStrategy purchased 16,130 Bitcoin (BTC) in November, bringing its total holdings to more than $6 billion. In a Nov. 30 announcement, MicroStrategy co-founder Michael Saylor said the company acquired the BTC for roughly $593.3 million — a price of $36,785 per Bitcoin. As of Nov. 29, MicroStrategy reported it held 174,530 BTC
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