Crypto news

On-chain data shows that a wealthy crypto investor lost $49,000 on a bad trade following false reports about BlackRock receiving approval on its Bitcoin ETF application. As noted by analysts from Lookonchain on Monday, an anonymous whale traded $613,201 in USDC for 20.5 Wrapped Bitcoin (WBTC) using 1Inch shortly after the initial report dropped. At first, Bitcoin’s price had cracked above $29,000 in light of the news. However, after sources at Blackrock confirmed the news was...

The Ethereum blockchain validator queue has cleared for the first time since the Shanghai upgrade in May, according to a research report from Coinbase. The drop suggests that investor demand for ether (ETH) staking may stabilize. Validators play a crucial role in verifying transactions on the Ethereum blockchain by committing ether in exchange for rewards. The Shanghai upgrade introduced the ability to withdraw staked ether for the first time. Ethereum Staking Yields Decline...

Depending on current BC Technology discussions with potential buyers, the company might conclude a sale of all or parts of its OSL exchange. BC Technology Group, the parent company and owner of Hong Kong crypto exchange OSL is looking to sell the exchange. According to a Bloomberg article referencing people familiar with the matter, BC hopes to complete the OSL sale at a HK$1 billion ($128 million) price tag. Pleading anonymity, the people familiar with the matter said BC has started...

Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – reached its lowest point in 22 months last Friday. The decline in the discount has sparked optimism as spot Bitcoin exchange-traded funds (ETFs) in the United States are moving closer to becoming a reality. This comes as the SEC passed the deadline to appeal against Grayscale’s attempt to convert its GBTC fund into a spot bitcoin ETF. Grayscale Bitcoin Trust Discount Sees 16% Decline According to the latest...

Binance burned about 2.13 million BNB coins during the last three months thus bringing the total coins removed from circulation to about 50.2 million units. Binance, a leading blockchain ecosystem with the largest centralized cryptocurrency exchange by Bitcoin’s daily traded volume and globally registered users, has announced the completion of the 25th quarterly auto-burn of its native coin BNB. According to the announcement, about 2,139,182 BNB, worth over $453 million, has been removed...

Last week, the release of September’s Consumer Price Index (CPI) data showed a monthly increase of 0.4% and an annual increase of 3.7%. Treasury yields in the United States saw a modest increase earlier today, amid the ongoing uncertainty surrounding the country’s economic outlook. Investors continued to grapple with concerns related to monetary policy and geopolitical issues, making it a delicate balancing act for financial markets. Treasury Yield Fluctuations As of 5:35 a.m. Eastern...

This brand overhaul aims to enhance Web3 accessibility for a new generation of users by offering a well-designed platform that combines user-friendliness with powerful features. On Monday, October 16, one of the most popular decentralized cryptocurrency wallets – Trust Wallet – shared the details regarding the much-awaited update. In the latest development, this multi-chain blue-chip self-custodial wallet unveiled its new brand identity. This includes upgrading the new logo, enhanced user...

It is important to note that when a government agency seizes a crypto asset, it does not immediately own the assets. Ownership transfers only after a court ruling in favor of forfeiture. The United States government is among the largest Bitcoin (BTC) holders in the industry, with over 200,000 of the crypto assets stashed away in a hardware wallet controlled by the Department of Justice (DOJ), International Revenue Services (IRS), and other agencies in the country. According to a public...

In einer immer stärker vernetzten Welt erweist sich Flexibilität als entscheidender Vorteil, wenn es um Finanztransaktionen geht. Das traditionelle Bankensystem kann in manchen Fällen träge und an traditionelle Strukturen gebunden wirken. Hier kommt Revolut ins Spiel. Diese neumodische Bank hat sich schnell als eine der führenden digitalen Bankplattformen etabliert und bietet eine Vielzahl von Vorteilen, die es wert sind, genauer betrachtet zu werden. Einer der Hauptgründe für die wachsende...

TransferWise Kreditkarte: Transferwise ist 10 mal günstiger als herkömmliche Banken. Obwohl Bitcoin als die ursprüngliche und bekannteste Kryptowährung gilt, gibt es in der stetig wachsenden Welt der digitalen Währungen viele Alternativen, die ihre eigenen einzigartigen Vorteile bieten. Eine solche Alternative ist WISE, die in bestimmten Aspekten als überlegen gegenüber Bitcoin betrachtet werden kann. Im Folgenden sind sieben Punkte aufgeführt, in...