US Government emerges as a major Bitcoin Whale, holding over $5.5Bn in BTC
The US government currently holds a whopping sum of over $5.5 billion in Bitcoin (BTC), making it one of the largest Bitcoin whales globally. Research conducted by 21.co reveals that the US government has in its possession 194,188 BTC. 21.co, the parent company of 21shares, is the leading issuer of crypto exchange-traded products globally. This […]
Tesla’s $312M Bitcoin hoard remains untouched in Q3 2023
In a surprising turn, Tesla Inc. has confirmed it didn’t divest any of its $312 million Bitcoin (BTC) holdings in the third quarter of 2023. Tesla announced, the electric vehicle giant neither sold nor purchased any Bitcoin in Q3, according to its quarterly update. This is another quarter with no Bitcoin sales for Tesla, wherein […]
Calgary citizens lose a whopping $22.5 million To crypto scams
Residents of Calgary, Alberta, have reportedly lost over $22.5 million to various cryptocurrency-related scams this year, according to Canadian police. Officials in Alberta revealed on Monday that there have been 340 reported crypto scams since the beginning of the year. This is a significant increase from last year’s statistics, which showed losses of $14 million […]
Bitcoin Metaverse project ‘Life Beyond’ raises $3.5M in pre-sale
The ‘Life Beyond’ team at Darewise Entertainment, a subsidiary of Animoca Brands, recently raised $3.5 million in a token pre-sale. The announcement came on Tuesday, indicating the continued interest in metaverse development projects. Darewise Entertainment CEO, Benjamin Charbit, expressed pleasure at securing funding from investors from across the gaming and Web3 culture. He views this […]
Fantom foundation suffers $657K loss in crypto heist
Foundation wallets of the Fantom blockchain have been relieved of $657K in both Ethereum and Fantom, marking a concerning security breach. According to blockchain security analyst Certik discovered the security exploit. The Fantom wallet (FTM) lost $470,000, and $187,000 was drained from Ethereum. The FTM price took a hit following this event, falling 4.8% to […]
Israel puts a freeze on Binance accounts suspected of Hamas links
Israeli authorities have frozen over 100 accounts on the world’s largest crypto exchange, Binance, amid suspicions of links to Hamas, the Palestinian militant group. According to Financial Times, the move comes in response to the October 7 attacks by Hamas. The aim is to thwart the group’s funding efforts, which have escalated since the militant […]
FTX plans to return up to 90% of creditors’ funds amid ongoing legal battle
The bankrupt cryptocurrency exchange FTX has devised a plan to return up to 90% of creditor funds. The strategy was proposed as the trial of founder Sam Bankman-Fried progresses. The group of debtors supervising the bankruptcy proceedings aims to formally submit the proposal to a U.S. Bankruptcy Court by December 16, 2023. FTX sank last […]
Bitcoin trades above $28K following false ETF approval reports
Bitcoin is currently trading below $28,500, registering a 5% increase, following inaccurate reports about the US Securities and Exchange Commission (SEC) approving the first Bitcoin spot Exchange-Traded Fund (ETF). The false news about the Bitcoin spot ETF approval broke on Monday, U.S. time, tricking the markets into a bullish phase. The price of Bitcoin temporarily […]
Bitcoin skyrockets on false ETF news, Blackrock CEO sees ‘pent up interest’
A fake report claiming BlackRock’s application for a Bitcoin ETF was approved triggered a 10% surge in Bitcoin’s price. The unfounded assertion was made by crypto news outlet Cointelegraph, sparking a wave of excitement across social media. However, both BlackRock and the Securities and Exchange Commission (SEC) debunked the rumor, and Cointelegraph subsequently retracted the […]
Uniswap labs introduces 0.15% fee on certain crypto swaps
Uniswap Labs, a central player in the construction of decentralized crypto exchange Uniswap, is set to impose a 0.15% fee on trades involving specific tokens starting Tuesday. The fee will be enforced on trades executed via Uniswap Labs’ front end. It will apply to swaps that involve at least two of these tokens: ETH, USDC, […]