Ethereum Whale Abruptly Moves Over $145,000,000 in ETH – Here’s Where the Crypto Is Going
An Ethereum whale is suddenly moving hundreds of millions of dollars worth of ETH as the king altcoin flash signs of weakness.
According to data from whale-watching platform Whale Alert, the deep-pocketed investor transferred 100,000 ETH worth a staggering $145.62 million at time of writing from one anonymous wallet to another.
An Ethereum whale is suddenly moving hundreds of millions of dollars worth of ETH as the king altcoin flash signs of weakness.
According to data from whale-watching platform Whale Alert, the deep-pocketed investor transferred 100,000 ETH worth a staggering $145.62 million at time of writing from one anonymous wallet to another.
Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’
Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market.
$1.4 Billion in Turnover Expected From Russia’s Bitcoin Mining This Year as Business ShrinksThe revenue from bitcoin mining in Russia has increased 18 times between 2017 and 2021, according to a new report by computing hardware distributer Intelion Data Systems, quoted by RBC Crypto. During the period, the total grew from 7 billion rubles in first studied year (below $114 million, at current exchange rates) to 128 billion rubles in the last (over $2 billion).
According to the research, in the past eight months the bitcoin mining revenue has dropped to just over 57 billion rubles ($929 million), despite a fairly confident start to 2022. The second quarter of the year is actually considered by experts to be the worst in over a decade of observation.
Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market.
$1.4 Billion in Turnover Expected From Russia’s Bitcoin Mining This Year as Business ShrinksThe revenue from bitcoin mining in Russia has increased 18 times between 2017 and 2021, according to a new report by computing hardware distributer Intelion Data Systems, quoted by RBC Crypto. During the period, the total grew from 7 billion rubles in first studied year (below $114 million, at current exchange rates) to 128 billion rubles in the last (over $2 billion).
According to the research, in the past eight months the bitcoin mining revenue has dropped to just over 57 billion rubles ($929 million), despite a fairly confident start to 2022. The second quarter of the year is actually considered by experts to be the worst in over a decade of observation.
Luxury Retailer True Facet Greenlights Crypto Payments
True Facet – an online marketplace that sells used watches and jewels – has partnered with Bit Pay, a leading provider of digital currency payment services, to permit shoppers to checkout and purchase items with crypto assets like bitcoin and Ethereum.
True Facet Says “Yes” to BTC PaymentsThe move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
True Facet – an online marketplace that sells used watches and jewels – has partnered with Bit Pay, a leading provider of digital currency payment services, to permit shoppers to checkout and purchase items with crypto assets like bitcoin and Ethereum.
True Facet Says “Yes” to BTC PaymentsThe move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Vulcan Blockchain’s Auto-Rebasing Layer 1 Set for Release Q1 2023
December 28, 2022, Tallinn, Estonia: Vulcan Blockchain has just announced that its’ novel auto-rebasing Layer 1 protocol will launch in Q1 of 2023. The protocol, which has been under development for some time aims to balance supply side issues affecting market stability. In this vein, the primary key feature of the Vulcan Blockchain is its Auto-Rebasing mechanism, which adjusts the circulating supply of $VUL (the native coin) every 15 minutes.
Vulcan, named after the god of fire and forge, features unique never before seen blockchain technology. Auto-Rebasing is a unique feature that allows a blockchain to automatically adjust its supply of circulating coins. This can be an important tool for maintaining the stability and value of the native coin over time, as well as providing a more predictable and transparent monetary policy.
December 28, 2022, Tallinn, Estonia: Vulcan Blockchain has just announced that its’ novel auto-rebasing Layer 1 protocol will launch in Q1 of 2023. The protocol, which has been under development for some time aims to balance supply side issues affecting market stability. In this vein, the primary key feature of the Vulcan Blockchain is its Auto-Rebasing mechanism, which adjusts the circulating supply of $VUL (the native coin) every 15 minutes.
Vulcan, named after the god of fire and forge, features unique never before seen blockchain technology. Auto-Rebasing is a unique feature that allows a blockchain to automatically adjust its supply of circulating coins. This can be an important tool for maintaining the stability and value of the native coin over time, as well as providing a more predictable and transparent monetary policy.
Foxify Announce Partnership with Tyson Fury
PRESS RELEASE. Foxify have just confirmed a brand partnership with Tyson Fury in an industry leading move. It comes following the hype of the brand reveal in January. The two-time world heavyweight champion is undefeated, with a legion of fans that follow his extraordinary career. What is Foxify? From the founding team of MDB (Make DeFi Better) comes the next generation of peer-to-peer trading, a unique platform that is yet to be seen in the DeFi space: Foxify.Following from previous successes, the team brings you their latest innovation, enter: Foxify. A first of its kind, decentralized peer-to-peer trading platform. Foxify will allow users to trade any pair or any token. The technology is built with the power to enable trading on pegged tokens that track currencies, commodities and assets beyond crypto. It’s 100% trustless, managed completely by smart contracts and is free to use. More details will be revealed as launch approaches, but it is set to be huge as it has the power to disrupt a $200 trillion dollar industry, and is scalable across global markets.
Foxify aims to put the power in users hands, traditional exchanges and decentralized trading platforms are still heavily weighted against the user being successful, Foxify levels the playing field and allows traders opportunities to trade against peers without the ‘house advantage’.
PRESS RELEASE. Foxify have just confirmed a brand partnership with Tyson Fury in an industry leading move. It comes following the hype of the brand reveal in January. The two-time world heavyweight champion is undefeated, with a legion of fans that follow his extraordinary career. What is Foxify? From the founding team of MDB (Make DeFi Better) comes the next generation of peer-to-peer trading, a unique platform that is yet to be seen in the DeFi space: Foxify.Following from previous successes, the team brings you their latest innovation, enter: Foxify. A first of its kind, decentralized peer-to-peer trading platform. Foxify will allow users to trade any pair or any token. The technology is built with the power to enable trading on pegged tokens that track currencies, commodities and assets beyond crypto. It’s 100% trustless, managed completely by smart contracts and is free to use. More details will be revealed as launch approaches, but it is set to be huge as it has the power to disrupt a $200 trillion dollar industry, and is scalable across global markets.
Foxify aims to put the power in users hands, traditional exchanges and decentralized trading platforms are still heavily weighted against the user being successful, Foxify levels the playing field and allows traders opportunities to trade against peers without the ‘house advantage’.
Investigation Phase Of Digital Euro To End In Autumn Of 2023 – ECB Board Member
Supervised intermediaries like banks and payment service providers would facilitate the distribution of a digital euro. This is according to Fabio Panetta, Member of the Executive Board of the ECB, whilst making a presentation at the European Banking Federation Executive Committee Meeting on March 10, 2023.
Panetta said that the digital euro will only complement but not replace cash, wholesale central bank deposits, or other electronic payment methods. According to Panetta, a digital euro scheme appears to be the best way of distributing the digital euro and ensuring usability throughout the euro area.
Supervised intermediaries like banks and payment service providers would facilitate the distribution of a digital euro. This is according to Fabio Panetta, Member of the Executive Board of the ECB, whilst making a presentation at the European Banking Federation Executive Committee Meeting on March 10, 2023.
Panetta said that the digital euro will only complement but not replace cash, wholesale central bank deposits, or other electronic payment methods. According to Panetta, a digital euro scheme appears to be the best way of distributing the digital euro and ensuring usability throughout the euro area.
OKX To Power Web 3.0 Innovation as a Sponsor of Consensus 2023-Affiliated Hackathon ‘Web3athon’
April 13, 2023 – Victoria, Seychelles
OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX – the world’s second-largest crypto exchange by trading volume – has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.Organized by Coindesk, Hackerearth and Alchemy, the event is set to take place online from April 17 to May 31, 2023, with additional offline activities taking place at Consensus 2023 in Austin, Texas.
Following the success of the 2022 Web3athon event, which was the largest multi-chain hack to date, this year’s event promises to be even bigger and better, bringing together over 5,000 developers from around the world to create new decentralized applications.
April 13, 2023 – Victoria, Seychelles
OKT Chain (OKTC), the EVM and Wasm-compatible chain backed by OKX – the world’s second-largest crypto exchange by trading volume – has announced its sponsorship of the upcoming Web3athon event taking place in conjunction with Consenus 2023.Organized by Coindesk, Hackerearth and Alchemy, the event is set to take place online from April 17 to May 31, 2023, with additional offline activities taking place at Consensus 2023 in Austin, Texas.
Following the success of the 2022 Web3athon event, which was the largest multi-chain hack to date, this year’s event promises to be even bigger and better, bringing together over 5,000 developers from around the world to create new decentralized applications.
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry.
ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong KongHong Kong’s first and largest virtual bank, co-founded by Chinese billionaire Ou Yaping, is looking to facilitate transfers of digital and fiat currencies for participants in the city’s developing crypto sector, Bloomberg reported quoting the lender’s top executive.
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry.
ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong KongHong Kong’s first and largest virtual bank, co-founded by Chinese billionaire Ou Yaping, is looking to facilitate transfers of digital and fiat currencies for participants in the city’s developing crypto sector, Bloomberg reported quoting the lender’s top executive.
Tether To Invest 15% Of Its Net Monthly Profits in Bitcoin
Tether, the firm behind the world’s largest stablecoin USDT, has revealed plans to allocate 15% of its net monthly profits towards purchasing Bitcoin.
On Wednesday, May 17, the company stated that it would henceforth “focus exclusively” on investing in Bitcoin with actual profits from its business operations only, without regard to unrealized capital gains generated by price increases. This means that Tether will focus on the actual gains it has achieved, which is the difference between the purchase price and the amount received from selling an investment.
Tether, the firm behind the world’s largest stablecoin USDT, has revealed plans to allocate 15% of its net monthly profits towards purchasing Bitcoin.
On Wednesday, May 17, the company stated that it would henceforth “focus exclusively” on investing in Bitcoin with actual profits from its business operations only, without regard to unrealized capital gains generated by price increases. This means that Tether will focus on the actual gains it has achieved, which is the difference between the purchase price and the amount received from selling an investment.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Leticia James Introduces Bill That Would Birth Basic Crypto Regulation in New York
A new bill proposed by New York Attorney General Leticia James would give her state a basic framework for crypto regulation. Among the provisions in the bill are exchanges being required to reimburse customers if they are the victims of fraud or theft.
Leticia James Seeks to Introduce Basic RegulationNew York and Leticia James have long held strong anti-crypto attitudes. Not long ago, the attorney general sued several digital currency companies including Ku Coin and Coin Ex, alleging both had taken part in various forms of fraud.
A new bill proposed by New York Attorney General Leticia James would give her state a basic framework for crypto regulation. Among the provisions in the bill are exchanges being required to reimburse customers if they are the victims of fraud or theft.
Leticia James Seeks to Introduce Basic RegulationNew York and Leticia James have long held strong anti-crypto attitudes. Not long ago, the attorney general sued several digital currency companies including Ku Coin and Coin Ex, alleging both had taken part in various forms of fraud.
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Openai Announces Chatgpt App for Android Devices
Artificial intelligence (AI) research lab Openai announced it’s launching an Android version of its Chatgpt chatbot. The application, which will be available for download next week, comes after recent updates of Google’s Bard and a report revealing that Apple is working on its own chatbot service.
Android Users to Have Chatgpt in Their Pockets, Openai SaysMicrosoft-funded AI developer Openai is releasing an Android app for its chatbot powered by artificial intelligence technology, Chatgpt. It will be rolling out to users next week, the company said, but can be pre-ordered in the Google Play Store since Friday.
Announcing ChatGPT for Android! The app will be rolling out to users next week, and you can pre-order in the Google Play Store starting today: https://t.co/NfBDYZR5GI
Artificial intelligence (AI) research lab Openai announced it’s launching an Android version of its Chatgpt chatbot. The application, which will be available for download next week, comes after recent updates of Google’s Bard and a report revealing that Apple is working on its own chatbot service.
Android Users to Have Chatgpt in Their Pockets, Openai SaysMicrosoft-funded AI developer Openai is releasing an Android app for its chatbot powered by artificial intelligence technology, Chatgpt. It will be rolling out to users next week, the company said, but can be pre-ordered in the Google Play Store since Friday.
Announcing ChatGPT for Android! The app will be rolling out to users next week, and you can pre-order in the Google Play Store starting today: https://t.co/NfBDYZR5GI
One Social Metric Is Now Flashing a Bullish Signal After Bitcoin Crash to Under $26,000: Santiment
Blockchain analytics platform Santiment says that a key social metric indicates crypto markets may soon rebound after crashing.
Santiment says that after Bitcoin’s sudden collapse below $26,000, the use of the term “bear market” has increased to an 11-week high on social media platforms, which is a bullish signal.
Blockchain analytics platform Santiment says that a key social metric indicates crypto markets may soon rebound after crashing.
Santiment says that after Bitcoin’s sudden collapse below $26,000, the use of the term “bear market” has increased to an 11-week high on social media platforms, which is a bullish signal.
CFTC Charges Three Defi Projects for Illegal Operations
The Commodity Futures Trading Commission (CFTC) has taken a firm stance in the decentralized finance (DeFi) sector, announcing charges against three DeFi projects, Opyn, ZeroEx and Deridex, for unauthorized trading activities.
In a statement released on Friday, September 7, the CFTC outlined the charges against these companies and their subsequent settlements.
The Commodity Futures Trading Commission (CFTC) has taken a firm stance in the decentralized finance (DeFi) sector, announcing charges against three DeFi projects, Opyn, ZeroEx and Deridex, for unauthorized trading activities.
In a statement released on Friday, September 7, the CFTC outlined the charges against these companies and their subsequent settlements.
Over $249,000,000 in Bitcoin, Ethereum and Solana Shorts Liquidated in Hours As BTC Blows Past $37,000
Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000.
According to new data from blockchain tracking platform Coinglass, during the last 24 hours, the top crypto asset by market cap has seen just over $131 million worth of short contracts liquidated.
Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts have been liquidated as the king crypto shoots past $37,000.
According to new data from blockchain tracking platform Coinglass, during the last 24 hours, the top crypto asset by market cap has seen just over $131 million worth of short contracts liquidated.
‘Kaboom Moment’: Market Pundit Makes Strong Case For Ripple’s XRP Rocketing Past $18 Price
Crypto enthusiasts holding onto their XRP coins are finding a glimmer of hope as Dark Defender, a crypto analyst, shares an optimistic forecast on the XRP price. Concerns about the token’s underperformance and potential manipulation have been circulating in the community.
Dark Defender took to his platform, X, to share a compelling analysis, predicting a mammoth surge that could see XRP reach $18. The analyst highlighted the significance of the $0.6 price level, emphasizing its crucial role in determining an upward trend for XRP.
Crypto enthusiasts holding onto their XRP coins are finding a glimmer of hope as Dark Defender, a crypto analyst, shares an optimistic forecast on the XRP price. Concerns about the token’s underperformance and potential manipulation have been circulating in the community.
Dark Defender took to his platform, X, to share a compelling analysis, predicting a mammoth surge that could see XRP reach $18. The analyst highlighted the significance of the $0.6 price level, emphasizing its crucial role in determining an upward trend for XRP.
CZ’s Request To Travel To UAE Denied Despite Offering $4.5 Billion Binance Stake As Security
A U.S. federal judge rejected Changpeng ‘CZ’ Zhao’s request to travel back to the United Arab Emirates last month, despite the Binance founder and ex-CEO proposing to provide his $4.5 billion Binance.US stake as assurance that he would return for his sentencing.
Why CZ Offered To Post His Entire Binance StakeA U.S. court shot down CZ’s request to return to the UAE for up to four weeks in early January despite offering his multibillion-dollar stake as security.
As per a court filing this week, Changpeng’s counsel requested in December 2023 that he be permitted to travel to Abu Dhabi so that he could be present for the “hospitalization and surgery” of an unnamed friend or family member.
A U.S. federal judge rejected Changpeng ‘CZ’ Zhao’s request to travel back to the United Arab Emirates last month, despite the Binance founder and ex-CEO proposing to provide his $4.5 billion Binance.US stake as assurance that he would return for his sentencing.
Why CZ Offered To Post His Entire Binance StakeA U.S. court shot down CZ’s request to return to the UAE for up to four weeks in early January despite offering his multibillion-dollar stake as security.
As per a court filing this week, Changpeng’s counsel requested in December 2023 that he be permitted to travel to Abu Dhabi so that he could be present for the “hospitalization and surgery” of an unnamed friend or family member.