Category Archive: Cryptocurrency, No picture
BlackRock’s Bitcoin ETF claims top spot after $102 million in inflows
BlackRock’s iShares Bitcoin Trust (IBIT) has officially become the largest Bitcoin fund after recording $102 million in inflows in Tuesday’s trading session, according to data from Farside. Meanwhile, Grayscale Bitcoin Trust (GBTC) saw roughly $105 million in outflows.US Spot Bitcoin ETF Flows (May 28) – Sources: FarsideUS spot Bitcoin ETFs witnessed a net inflow of […]
Hong Kong SFC to conduct compliance checks on crypto firms
The Hong Kong Securities and Futures Commission (SFC) has announced that it will carry out on-site compliance checks on local virtual asset trading platforms (VATPs) that are still in the process of completing their regulatory applications after the June 1 licensing deadline.In a notice issued on May 28, the SFC emphasized that all local crypto […]
ZKasino initiates ETH refund process amid mounting scam allegations
Blockchain-powered gambling platform ZKasino has initiated a 72-hour refund process that would return funds to its investors. The decision comes in a month after the project was accused of operating a $33 million rug pull. Despite the refund process dubbed by the project as a “2-step bridge back process,” some investors remain skeptical about the […]
Humanity Protocol is building a secure, private Web3 identity system with zk-proofs and palm scans: An interview with founder Terence Kwok
Highly secure and accessible, palm recognition offers a great way to verify and manage your identity. Humanity Protocol is making headlines with its idea of leveraging palm biometrics and zk-proofs to build a secure, private, and universally accessible digital identity system.The drive behind this concept is well-intentioned. However, like other biometric methods, user privacy remains […]
Luxor and Bitnomial launch first Bitcoin mining derivative in the US
Bitcoin Hashrate Futures, the first fully regulated Bitcoin mining derivative product has been launched for trading in the US by Luxor Technology Corporation and Bitnomial. The product will trade under the $HUP ticker with featuring 1 petahash (PH) contract sizes through monthly durations.The derivative product is designed to increase liquidity and transparency in the Bitcoin […]
SHIB whale realizes 41,900% profit after three years
An investor held a stash of Shiba Inu (SHIB) tokens for over three years before selling it for 41,900% profit, as reported by X user identified as Lookonchain. On February 1st, 2021, the investor swapped 2 Ether (ETH) for over 48 billion SHIB, transforming $2,625 into nearly $1.1 million after swapping SHIB back to ETH […]
Halving of BTFS Storage Rewards
Singapore, May 28, 2024 –To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 […]
Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison after pleading guilty to conspiracy charges related to unlawful political contributions and operating an unlicensed money-transmitting business, as noticed by the US Attorney’s Office Southern District of New York (SDNY). Salame’s sentence also includes three years of supervised release and […]
Ethereum funds attract $35 million in inflows following ETF approvals
Digital asset investment products experienced over $1 billion in weekly inflows last week, marking the third consecutive week of inflows, as reported by asset management firm CoinShares. Ethereum (ETH) funds registered $35.5 million of inflows in the same period, its most substantial intake since March, and reduced the month-to-date outflows to $11 million.The recent uptick […]
Betting platform Rivalry launches RVLRY token in Web3 expansion
Sportsbook and gaming operator Rivalry today announced the Rivalry Token (RVLRY) a native crypto token designed to augment functionality and user engagement within its suite of products. The token’s launch, expected in the latter half of 2024, marks a strategic move to solidify Rivalry’s position in the crypto-gambling sphere and cater to its primary demographic […]
