Category Archive: Cryptocurrency, No picture
Bitcoin whales hold steady amid short-term holder sell-off: Bitfinex
Bitcoin (BTC) short-term holders are behind the recent pullbacks in price, as the negative economic indicators from the US and cautious Federal Reserve statements make them panic, according to the “Bitfinex Alpha” report latest edition. Short-term Bitcoin holders are investors who have held their positions for less than 155 days.Despite the sell-off by short-term holders, […]
Bitcoin layer-2 landscape “set to boom” as BTC keeps outperforming: Bybit
Bitcoin (BTC) layer-2 (L2) blockchains will continue to grow as BTC continues to outperform other major crypto in 2024, according to a report by crypto exchange Bybit.Bitcoin’s market dominance has surged to 51.1% as of May 7, signaling a robust uptrend since late September 2023. This growth is largely attributed to the US approval of […]
Legendary trader Roaring Kitty posts comeback meme, Solana memecoin $GME soars 500%
Keith Gill, also known online as Roaring Kitty (also known by other pseudonyms such as DeepF*ckingValue), has posted a cryptic meme on X.Notably, this was Gill’s first post in roughly three years since the events surrounding the GameStop case and the shutdown of the WallStreetBets subreddit. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May 13, 2024 The […]
Kimsuky hacking group targets South Korean crypto firms with new malware — report
Kimsuky, a North Korean hacking group, has reportedly been utilizing a new malware variant called “Durian” to launch targeted attacks on South Korean crypto firms.The incidence is highlighted in a recently published threat intelligence report from Kaspersky. According to Kaspersky’s research, the malware is deployed specifically to break and exploit against security software used by […]
Franklin Templeton CEO: Blockchain offers major cost savings for tokenization
Franklin Templeton CEO Jenny Johnson, speaking at the 27th Annual Milken Institute Global Conference in California, praised blockchain’s efficiency and cost reduction in asset tokenization and shared her thoughts on the benefits of generative AI.Johnson stated that the company ran a parallel experiment for six to eight months, processing account records using both traditional and […]
ARK Invest removes staking feature from its Ethereum spot ETF filing
ARK Invest has amended its S-1 form for the proposed spot Ethereum exchange-traded fund (ETF) by removing the staking component, according to a filing dated May 10.The Securities and Exchange Commission (SEC) has indicated that staking could classify the asset as a security, which is undesirable for spot crypto ETFs. The latest amendment in ARK […]
DOJ rejects Sullivan & Cromwell, picks FRA for Binance’s monitorship
The US Department of Justice (DOJ) has chosen Forensic Risk Alliance (FRA) for Binance’s three-year monitorship over initial favorite Sullivan & Cromwell (S&C), BNB Bloomberg reported today.This is a requirement of Binance’s November plea deal for violating money-laundering regulations and trade sanctions. Binance also agreed to a $4.3 billion penalty, and CEO Changpeng Zhao stepped […]
Wells Fargo holds Bitcoin spot ETF investments, SEC filings show
Wells Fargo, the third-largest bank in the US by asset size, has disclosed its investment in Bitcoin exchange-traded funds (ETFs) through its latest Securities and Exchange Commission (SEC) filings. The SEC 13F filings, released today, reveal that Wells Fargo has invested in the Grayscale Bitcoin Trust (GBTC), which was converted into a spot Bitcoin ETF […]
Hacker returns $47 million in ETH to scam victim
A victim who lost $71 million in Wrapped Bitcoin (WBTC) on May 3 is receiving the money back from the exploiter, as reported by X user Lookonchain. For the past six hours, the victim has been receiving Ether (ETH) transactions from different addresses, amounting to over 16,071 ETH, equivalent to over $47 million. An exploiter […]
20% of top 300 cryptos have majority of their supply locked: CoinGecko
One out of five cryptos in the Top 300 by market cap has the majority of their supply locked, according to a report by CoinGecko. The report calls these assets “low float”, as they show a market cap to fully diluted valuation (FDV) ratio below 0.5.The four cryptos with the lowest floats among these large […]
