DeFi platform Elixir secures $7.5M in hack VC-led series a funding
Decentralized Finance (DeFi) platform Elixir has successfully garnered $7.5 million in a Series A funding round steered by Hack Venture Capital. As announced by Elixir on their X, the significant investment has inflated Elixir’s valuation to an impressive $100 million. Key investors in the Series A round included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River […]
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 […]
59% Of Dogecoin holders in loss amid crypto slump
As Dogecoin (DOGE) prices continue to slump, data shows that nearly 60% of its holders are currently at a loss. IntoTheBlock, a blockchain data analytics firm, revealed that 59% of Dogecoin holders are suffering losses. This figure starkly contrasts the early success experienced by early adopters of the meme-inspired cryptocurrency. The data further showed that […]
Vitalik Buterin declares no Ethereum (ETH) sales since 2018 amid rumors
Ethereum co-founder Vitalik Buterin has dispelled recent speculations by stating he hasn’t sold any Ethereum (ETH) since 2018. His statement follows recent rumors that he had been offloading millions of dollars worth of the digital asset. Buterin clarified that the recent transfers observed were associated with donations and charity projects, not personal gains. Buterin, a […]
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 […]
Ethereum whales hold 32% of supply despite selling trend
Whale investors, those holding over 1 million Ethereum (ETH), now own around 32.2% of the cryptocurrency’s total supply, a figure not seen since 2016, according to on-chain analytics provider Santiment. Santiment revealed that this concentration of ETH in the hands of whales has reached its highest level in over seven years. The report also highlighted […]
Binance sees over $500M withdrawn amid ongoing regulatory troubles
Despite an upswing in cryptocurrency prices, Binance users have withdrawn over $500 million in October due to persisting regulatory concerns. Binance has experienced approximately $525 million in net outflows this month, even as positive developments in the crypto market, such as the potential launch of a spot Bitcoin ETF in the U.S., have unfolded. These […]
Charles Hoskinson claims the real battle is between cryptocurrencies And CBDCs
Charles Hoskinson, creator of Cardano (ADA), declares the real clash in digital assets is now between cryptocurrencies and central bank digital currencies (CBDCs). Hoskinson, CEO of Input Output Global, warned about the perils of CBDCs and praised the key principles of decentralized crypto in a recent Coin Bureau interview. Hoskinson dispelled the notion that the […]
Ethereum-based Tellor tributes from a 700% surge to a potential downturn
An Ethereum-based altcoin, Tellor Tributes (TRB), which has seen a dramatic 700% surge in the past two months, is now set for a significant downturn, says a prominent crypto analyst. According to pseudonymous analyst Altcoin Sherpa suggests that TRB, which escalated from a low of $9.11 in mid-August to a peak of $79 last week, […]
Reddit discontinues community points tokens, triggering crypto dump
Reddit has decided to phase out its cryptocurrency-based “Community Points” reward tokens, leading to a sharp sell-off among holders. The tokens were initially introduced three years ago to incentivize high-quality contributions on the platform. According to TechCrunch, Reddit plans to completely discontinue them by November 8. Initially minted on the Ethereum network, Reddit’s Community Points […]