Crypto EcoBlog
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth of the asset has already been recovered by law enforcement. The couple allegedly responsible is Ilya Lichtenstein (34) and Heather Morgan (31). They are accused of conspiring to launder 119,754 Bitcoin after an attacker stole them through over 20,000 unauthorized transactions at...
Read More »SLP Price Skyrockets 40% as Axie Infinity Will Reduce Tokens Supply
The developers behind the popular play-to-earn blockchain game Axie Infinity will reportedly implement changes to its reward system to rebalance the project’s ecosystem. Specifically, they will reduce the supply of Smooth Love Potion (SLP) tokens by 56%, making them more scarce. The Latest Updates The play-to-earn business model emerged as a trending niche towards the end of 2021. Its concept consists of two elements that have captured society’s attention for centuries –...
Read More »Mitsubishi UFJ Trust to Issue a Stablecoin to Accelerate Settlement Processes: Report
The financial services company – Mitsubishi UFJ Trust – hopes to enhance its transaction system by utilizing blockchain technology for trading and a cryptocurrency for payments. As such, it will create a stablecoin tied to the value of the Japanese yen, claimed a new report. Mitsubishi’s Stablecoin According to a recent report by Nikkei Asia, Mitsubishi UFJ Trust – a Tokyo-headquartered bank with over $1.5 trillion in assets under management – is seeking to enter the world of...
Read More »Matic Pumps 16% as Sequoia Capital Leads $450 Million Fundraise for Polygon
Venture capital firm Sequoia Capital led a financing round for the Ethereum layer 2 scaling solution Polygon, becoming the latest Silicon Valley company to invest in the Web3 space. According to CNBC on Monday (February 7, 2022), Polygon recently raised $450 million, with Sequoia Capital leading the investment. Other companies involved in the fundraising round include Softbank, Alameda Research, Tiger Global, and Galaxy Digital. Prominent individuals such as Reddit co-founder...
Read More »North Korea Funds Missile Programs With Stolen Crypto (UN Report)
The United Nations (UN) accused North Korea of stealing cryptocurrencies worth millions of dollars. Moreover, the report added that the totalitarian Asian state employed the stolen assets to fund missile and nuclear experiments. Crypto Fuels Weapon Trials According to a recent UN report cited by Reuters, North Korean hackers have carried out numerous attacks against at least three cryptocurrency exchanges between 2020 and mid-2021. The bad actors stole around $50 million...
Read More »Top 100 SHIB Holders Control Over 25% of the Total Shiba Inu Supply
Canine-themed tokens’ rally as Shiba Inu (SHIB) led the recovery on Monday. Amidst a renewed bullish momentum in the market, SHIB rose by more than 24%. Several other altcoins also posted decent surges as well, while Bitcoin (BTC) settled for a modest 3% over the past day. Top 100 SHIB Holders According to the latest stats compiled by WhaleStats, the top 100 SHIB holders control more than a quarter of the total supply of the memecoin. Several cryptocurrency whales have...
Read More »21Shares Lists Chainlink, Terra, And Uniswap ETPs on Euronext Paris and Amsterdam
The Swiss fintech company – 21Shares – announced the listing of three exchange-traded products on Euronext Paris and Amsterdam. The ETPs will track the performance of Chainlink, Terra, and Uniswap. More ETPS From 21Shares The Switzerland-based investment product issuer has been active on the digital asset scene lately. Last week, it listed Aave, Chainlink, and Uniswap ETPs on the BX Swiss. According to a document seen by CryptoPotato, the company continued by adding three...
Read More »Bloomberg Insists: Bitcoin Could Still Reach $100,000
February’s investment report by Bloomberg Intelligence argued in favor of cryptocurrency investments. In particular, it suggested that Bitcoin, Ethereum, and USD stablecoins will continue to do well. At the same time, though, smaller digital assets could be in trouble due to excessive speculation, analysts at Bloomberg asserted. “Some purging of the speculative excesses of 2021 may mark much of 2022, but Bitcoin is poised to come out ahead.” BTC vs. Oil In particular, crypto...
Read More »Cryptocurrency Investors Are More Attractive on The Dating Scene (Study)
According to a recent survey conducted by the trading platform eToro, many single men and women are seeking partners who are not only financially stable but also knowledgeable about cryptocurrencies. 33% of the American participants admitted they are more likely to go on a date with someone who deals with digital assets. Crypto Makes Individuals More Desirable Apart from diversifying one’s portfolio and granting potential for higher returns, cryptocurrencies could also make...
Read More »Bitcoin Lightning Network Capacity Reaches All-Time High
The Bitcoin community celebrated as the layer 2 payment system reached a total of over 3,400 BTC locked. That is an equivalent of around $141 million. Bringing near-zero fee BTC payments, Lightning’s adoption rose dramatically over the last year. During the same period, bitcoin became significantly more utilized as a network and an investment asset by investors and large companies as the crypto bull run went on. However, growth has been slowing since November’s crypto crash....
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