Tag Archives: social

Kim Nam-kuk – a South Korean lawyer and politician – will reportedly sell his cryptocurrency holdings amid a conflict of interest that surrounds his stash.  The Democratic party (DP), which he is part of, will also launch an investigation to determine whether he complied with local requirements when acquiring the tokens.  Inspection Could Reach Other Members of the Party According to a local media outlet, the DP urged Nam-kuk to sell his approximately 800,000 Wemix coins...

Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023. The Hong Kong-based company announced that it remains financially strong with a cash and stablecoin balance of $194 million. The financial statement also reported liquid digital assets of $566 million, including reserves of SAND, the utility token used in The Sandbox platform. Additionally,...

According to an undisclosed White House official, North Korea has funded approximately half of its missile tests through crypto theft and cyberattacks.  A recent Chainalysis report suggested that North Korean hackers embezzled $1.7 billion of digital assets in 2022. Arguably the most notorious local hacking collective – the Lazarus Group – stood behind numerous exploits last year, with the $625 million breach on Ronin Network being the most famous one.  North Korean Hackers...

A new report by global capital markets data platform PitchBook revealed that crypto-focused companies raised $2.6 billion across 353 investment rounds in the first quarter of 2023. The amount raised signaled a 12.2% and 11% decrease in the quarter-on-quarter total number of deals and deal value, respectively. It also represented the fourth consecutive quarter of decreasing investment activity, as the amount was the lowest capital invested and deals completed since Q4 2020....

Stock and crypto investing app Robinhood reported $441 million in net revenue in Q1 2023, up 16% from the previous quarter. Its increased numbers, however, did not come from its crypto business – which appears to be trending in the opposite direction. Crypto Down, Interest Up Per the company’s first-quarter results report on Wednesday, Robinhood’s transaction-based revenues increased 11% quarter over quarter to $207 million.  This included a 7% increase in options revenue to...

Bitcoin’s troubles continued in the past 24 hours, and the asset charted a new two-month low before recovering over a grand. The altcoins are in the green today, with LDO taking the main stage with a massive double-digit price surge. BTC’s Pump and Dump Keeps Rolling The major news from the past week came when the US CPI numbers for April informed that the inflation rates had slowed down and were actually lower than the expectations. Bitcoin reacted positively to the news at...

Ethereum network’s active deposits have reached an eight-month high. This metric depicts the total number of all incoming and outcoming transactions involving deposit addresses and accounts for both user-to-exchange transactions – from a personal wallet to a deposit address, as well as from a deposit address to the main exchange wallet. According to the latest data compiled by crypto-analytic Santiment, the deposits hitting an eight-month high could potentially foreshadow...

Voyager Digital is planning to self-liquidate its assets and shut down operations after failing to secure purchase deals with Binance as well as FTX.US. The planned FTX-Voyager acquisition failed as a result of the exchange sliding into an abrupt bankruptcy and the subsequent arrest of its chief, Sam Bankman-Fried. However, the collapse of the deal with the American arm of crypto giant Binance was seen as a major blow to the digital asset industry’s efforts to establish...

Bitcoin failed to conquer the $30,000 level yesterday, and the subsequent rejection drove it south by over $1,500. The altcoins are Laos slightly in the red on a daily scale, with ETH struggling to remain above $1,900 and SHIB dumping by over 4%. Bitcoin Back at $29K After the unfavorable start of the week, which saw BTC slumping to under $27,800, the asset began its recovery almost immediately and spiked to $29,000 by Thursday. This came even after the US Fed’s latest...

According to CoinGecko research, the residents of the United States seem the most interested in memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Pepe Coin (PEPE). India and the United Kingdom rank respectively second and third.  Despite being the first memecoin, DOGE has lost its leading position in numerous countries. Morocco is the only nation in the top 10 where Elon Musk’s favorite digital asset captured the most interest.  The Trends This Year...