Tag Archives: AA News

Nearly a month after the fourth Bitcoin halving took place, the first signs of miners’ revenues decreasing are slowly emerging with one clear indicator being the drop in the network hash rate. The recent decline in this metric potentially indicates miner capitulation, where less efficient miners are quitting due to decreased profitability. Hash Ribbons Shows Signs of Capitulation Earlier, the 30-day moving average of the hash rate reached its peak at 630 exahashes per second...

An anonymous trader has made headlines by making a profit of $46 Million with PEPE within one year, equivalent to a 15,718x gain. This comes as the Solana-based meme coin recently achieved a milestone that saw it hit a new all-time high on May 15. The Trader’s Strategy According to Lookonchain data, the trader acquired 4.9 trillion PEPE tokens, currently valued at $56 million, on April 15, 2023, spending less than $3,000. Earned more than $46M on $PEPE with only $3K, a gain...

Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s price action is in for a lengthy sleeper period until the market “narrative” can rear its head. That narrative can come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on crypto. Bitcoin Needs A New Narrative During a company earnings call on Tuesday, Novogratz said he believes crypto is in a “consolidation phase” after a strong first quarter, and he expects Bitcoin’s price to...

According to reports from Cyvers Alerts, the hacker who stole 150,000 ETH from the Parity Multisig Wallet version 1.5 in 2017 has resurfaced, moving stolen Ethereum worth $9 million to cryptocurrency exchange eXch. The hacker still has control over 83,017 ETH, amounting to $246.6 million stolen during the 2017 incident. $9M Worth of Ethereum Laundered A post from X by Cyvers Alerts acknowledges the hacker’s notable patience, marking a significant event in cryptocurrency...

Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors Brace for Delay in Spot Ethereum ETF Approval CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report revealed...

United States President Joe Biden has shut down a Chinese-based cryptocurrency mining firm and banned it from acquiring land close to a Wyoming nuclear missile base. According to Biden, the firm was built just a mile from an Air Force base with nuclear-armed intercontinental ballistic missiles, posing a “national security risk.” MineOne Ordered to Shut Down MineOne Partners Ltd., a crypto-mining facility close to the Francis E. Warren Air Force Base, is partially backed by...

Bracebridge Capital, a hedge fund that manages the finances of institutions like Yale University and Princeton University, has emerged as the largest holder of various spot Bitcoin exchange-traded funds (ETFs), according to a recent 13F filing with the Securities and Exchange Commission. The Boston-based firm disclosed its ownership of shares in Ark Invest, BlackRock, and Grayscale U.S. spot Bitcoin ETFs. Hedge Fund’s $434 Million Crypto Holdings The breakdown of Bracebridge...

The movement of stolen cryptocurrency from the Poloniex hack in November 2023 is far from over. Although Poloniex claimed to have identified the attacker weeks later and offered a $10 million reward, the stolen funds were never returned. In the latest development, PeckShield, a blockchain investigation company, found that more than half of the stolen funds were moved through Tornado Cash. More than six months after the hack, the bad actor moved 17.8K ETH – worth approximately...

Crypto asset management giant Grayscale says there’s a “renaissance” in Bitcoin development, with several new Layer 2s (L2s) worthy of keeping an eye on. In a new investor report, Grayscale analyst Michael Zhao argued how these technologies may both bring new use cases to Bitcoin and foster more market demand for BTC. Rollups On Bitcoin Zhao first named Bitcoin Virtual Machine (BitVM) among Bitcoin’s “most anticipated” next generation of applications. Published by Robin Linus...

The crypto whale who lost $71 million worth of wrapped bitcoins (WBTC) via a dusting attack has recovered the stolen funds after negotiations with the hacker. According to a tweet by blockchain security firm PeckShield, the scammer began returning the funds on May 9 and completed the process on May 11. Stealing $71M WBTC The whale’s woes began on May 3 after they mistakenly sent 1,155 WBTC to a wrong address placed in the transaction history via address poisoning. An address...