Tag Archives: AA News

Julian Assange’s Bitcoin wallet received $500,000 worth of Bitcoin from a mystery donor on Tuesday, on-chain data shows. The donation follows the whistleblower’s release from the United Kingdom’s high-security Belmarsh prison on Monday, after reaching a plea deal with U.S. authorities following five years behind bars. Bitcoin Brings Assange Home According to blockchain data, a donation of 8.2 BTC ($492,254) was transferred from a multisignature wallet to Assange’s Bitcoin...

Creditors of the bankrupt cryptocurrency exchange FTX are now faced with the option of receiving their assets in cash or crypto. A filing in the United States Bankruptcy Court for the District of Delaware revealed that Judge John Dorsey had approved the solicitation packages and ballots needed for the exchange’s customers to communicate their preferences. The deadline for voting is August 16, and Judge Dorsey will decide on the matter in early October. Cash or Crypto for FTX...

Stablecoins have witnessed significant growth this year. Among them, USDT remains a leader, but other ones, such as Circle-backed USDC, are also seeing considerable activity. As such, USDC’s recent deposits to centralized crypto exchanges could signal investors buying the dip amidst several market corrections in recent weeks. USDC Deposits Surge According to IntoTheBlock’s Head of Research, Lucan Outumuro’s latest findings, USDC’s net inflow into centralized crypto exchanges...

Ripple chief executive officer Brad Garlinghouse has slammed Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), for his recent slander about most crypto executives going to jail. Garlinghouse stated in a tweet that Gensler and his approach to crypto regulation would cause U.S. President Joe Biden to lose the upcoming elections. Gensler on Crypto Execs During an interview with Bloomberg on Tuesday, Gensler spoke about the U.S. crypto...

Ethereum spot ETFs will accumulate over $15 billion in net inflows within their first 18 months of hitting the U.S. market, predicted crypto asset manager Bitwise on Wednesday. The firm’s year-and-a-half-long forecast would roughly match the net haul from Bitcoin ETFs ($14.4 billion) since their launch five months ago – from which excitement has helped drive BTC to new all-time highs. Calculating Ethereum’s ETF Flows Bitwise CIO Matt Hougan based his estimate on Bitcoin’s ETF...

American entrepreneur and Rich Dad Poor Dad author Robert Kiyosaki has revealed that he made his first Bitcoin (BTC) purchase when the asset was worth $6,000 due to encouragement from former Goldman Sachs executive Raoul Pal. According to Kiyosaki, his first 30 BTC purchase has incurred substantial returns over the years; hence, he believes Pal’s predictions that the cryptocurrency would soon hit the Banana Zone. Pal’s Banana Zone Prediction Last week, Pal discussed the...

Bitcoin whales are quietly scooping up BTC, according to the latest analysis by IntoTheBlock. There has been a shift in Bitcoin accumulation patterns with a surge in net inflows to the largest wallets despite the prevailing market sentiment of FUD. Bitcoin Whales Increase Holdings By 7,130 BTC The data revealed that holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day, with the stash worth around $436...

Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst first noted on Tuesday that the activity of Bitcoin miners – a cohort “often overlooked” by market watchers. Since the fourth Bitcoin...

Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak. Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours. AI Tokens Rally as NVDA Plunges Crypto traders closely monitor Nvidia as a key indicator for the AI cryptocurrency market. While there have been instances of parallel movement, such as during...

A popular Republican congressman introduced legislation that would require the United States Treasury to accept tax payments in bitcoin. Pay Taxes With Bitcoin The bill, authored by Rep. Matt Gaetz (R-Florida), would order the Treasury Secretary to “develop and implement a method to allow for the payment with bitcoin of any tax imposed on an individual.” The legislation marks the first official national-level efforts from a U.S. politician to bring bitcoin closer to being a...