Crypto news

The ProShares Bitcoin Strategy ETF (BITO) – the first bitcoin (BTC) ETF to launch in the United States – has topped a new record for assets under management (AUM) this week, now boasting nearly $1.5 billion in Bitcoin futures contracts. The record signals eagerness among institutions to gain exposure to BTC before approval of a widely expected bitcoin spot ETF by January. Bitcoin Funds Soak In Capital BITO logged its previous record of $1.44 billion on November 10, 2021 –...

Trust Wallet, a leading self-custody and multi-chain wallet boasting over 70 million users, is experiencing issues with its Bitcoin nodes. The heightened transaction volume has reportedly led to instability among various node providers, causing technical difficulties for Trust Wallet users relying on these nodes for their Bitcoin transactions. Trust Wallet Experiences Bitcoin Node Issues According to the post on X, the primary impact experienced by Trust Wallet users is...

Market analysts anticipate the US Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin ETFs in rapid succession. This has created a tense environment among applicants, particularly as the frontrunner stands to gain a significant first-mover advantage by attracting a substantial portion of everyday investors. As the race heats up, the traditional firms appear to be actively engaging in this ETF trade. Big Bets on Spot Bitcoin ETF According to Reflexivity’s...

Amid efforts to reclaim over $46 million in stolen assets, DeFi platform Kyber Network has received a stunning ultimatum: forfeit total control of both the company and protocol, and all stakeholders will be made whole. Via-on chain messaging on Thursday, the platform’s anonymous hacker demanded “complete executive control over Kyber,” alongside temporary ownership and control of its governance mechanism, KyberDAO, to enact governance changes at will. The New ‘Kyber Director’...

[PRESS RELEASE – Toronto, Canada, November 30th, 2023] @NFT Account Makes Resounding Return to Instagram After 22-months, pioneering entrepreneur returns with mission to strengthen and advance the resurgent realm of NFTs and digital collectibles The @NFT account, social media’s largest web3 community, has announced its triumphant return to Instagram after a 22-month hiatus. The account, which boasts over 1.5 million followers, was initially launched in February 2021 by...

The bankrupt estate of FTX has made a bold move to challenge the United States Internal Revenue Service (IRS), seeking court approval to reduce a $24 billion claim against it to zero. According to FTX, this move is crucial to prevent the IRS claims from derailing the progression of its bankruptcy proceedings. FTX Seeks to Nullify IRS’s $24 Billion Claim Earlier this year, the IRS imposed a massive tax bill on FTX and its associated Alameda groups of companies, amounting to...

[PRESS RELEASE – Grand Cayman, Cayman Islands, November 30th, 2023] Sui, the pioneering Layer 1 blockchain and smart contract platform created by the technology team that emerged from Meta’s Diem Blockchain project, has accelerated beyond expectations in just over six months since its mainnet launch, surpassing $150 million in Total Value Locked (TVL) according to leading DeFi aggregator DefiLlama. This key milestone, which currently places Sui within the top 20 blockchains...

[PRESS RELEASE – Singapore, Singapore, November 30th, 2023] Partnership Accelerates Web3 Loyalty Across LATAM; Onboards ~1M New Users Across LATAM to Advanced Digital Engagement Programs. Moonbeam Network, a smart contract platform for building cross-chain connected applications, today announced its partnerships with DUX, a Web3 infrastructure provider, and Grupo RÃO, the largest Japanese food delivery service in Brazil, to launch a novel Web3 Loyalty Program. The partnership...

Cardano (ADA) has been one of the top-performing crypto assets in the market and has notched over 25% in monthly gains. The bullish momentum has, so far, failed to retain ground as more than half of all ADA holders are still reeling under unrealized losses as the eighth-largest crypto by market cap struggles near $0.38. According to IntoTheBlock’s latest data, only 35.71% of ADA holders are in profit, a figure notably lower than other leading protocols. The blockchain...

Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time. Bankrupt crypto lender Celsius Network has announced that some clients with custody assets can now make withdrawals from the platform. Celsius which previously stopped withdrawals on its platform declared Chapter 11 bankruptcy in July 2022. Since then, many customers lost access to their assets. According to a court document, roughly 58,300 users hold...