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Ethereum is currently on the road to recovery following a weekly retracement. ETH reached the $3,000 price level today, indicating a return of buyers. Whale activity has increased again amid the price recovery, with over 36,000 ETH tokens moving. Will this affect the price of Ether? Ethereum whale movement affects Ether price According to on-chain analytics platform Whale Alert, 36,763 Ethereum Moved within the past day. The whale's address transferred 25,772 ETH to Coinbase Institutional, a major cryptocurrency exchange, and another whale received 10,990 ETH from Coinbase within the same period. These trades coincide with Ethereum's price movements, causing mixed…
According to CoinGlass, the Grayscale Bitcoin Trust ETF ultimately withdrew more new money than it lost, ending its 11-week streak with a positive profit of $63 million. GBTC has seen so many investor outflows since a competing Spot Bitcoin ETF was approved in January that those outflows alone often overwhelmed the entire space in its infancy. Bloomberg ETF analyst Eric Balciunas tweeted: “Wow, $GBTC had some inflows today.” “Their nearly 80-day streak is finally over. We had to look hard and double-check the data, but it's true.” She added: “On a scale of 1 to 10, how would you say…
Three former executives of bankrupt virtual currency lender Cred were indicted on Thursday on charges of conspiracy to commit wire fraud, wire fraud and engaging in financial transactions for illegal purposes.Cred co-founder and former CEO Daniel Shutt, former CFO Joseph Podulka, and former Chief Capital Officer James Alexander were indicted by the U.S. Attorney's Office for the Northern District of California. According to a press release issued Friday, Shutt and Podulka were arrested and appeared in court in San Francisco earlier in the day.Cred filed for bankruptcy in November 2020, saying its debts at the time were estimated at between…
Alexander Vinnik, one of the former operators of cryptocurrency exchange BTC-e, pleaded guilty to money laundering conspiracy charges on Friday, the US Department of Justice announced. According to the Justice Department, Vinnik operated BTC-e from 2011 to 2017, during which time the exchange processed more than 1 million users who traded more than $9 billion in cryptocurrencies. BTC-e has been linked to the hack of now-defunct cryptocurrency exchange Mt.Gox after it was used to launder approximately 300,000 (BTC) from Mt.Gox. BTC-e was shut down in July 2017, at the same time that Vinik was first arrested.Mr. Vinnik was arrested in…
coinbasethe largest US-based cryptocurrency exchange, is all about crypto after all. As with all cryptocurrency stories, there are drawbacks as well. — and the Wild up. Coinbase on Thursday (May 2) reported earnings per share of $4.40, compared to Wall Street's expectations of $1.28, representing a 244.83% increase. Cryptocurrency platform beats Wall Street revenue forecasts In the same way, It was a relatively modest 19.74%. “The performance of our platform in the first quarter clearly demonstrates the growing trust and interest in digital assets,” said Coinbase Co-Founder and CEO. brian armstrong About the company's first quarter of 2024 financial statement.…
Cryptocurrency expert Michael van de Poppe As he hinted, he made a bullish case for Bitcoin. macroeconomic factors That could soon play out in favor of the flagship cryptocurrency. In line with this, he urged Bitcoin investors to keep in mind that a parabolic rally is just around the corner. Imminent quantitative easing will be good for Bitcoin van de poppe was suggested In a post on X (formerly Twitter), he predicts that Bitcoin will rise “soon” due to quantitative easing (QE).he pointed out that FRB It has already “started to ease bond buybacks and reduce QT.” [Quantitative Tightening]”He said…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. The massive sell-off of Ethereum whales is disrupting the crypto market with proceeds going to ETFSwap, sparking curiosity and speculation. The crypto industry is in turmoil after a popular anonymous Ethereum (ETH) whale reportedly sold $38 million worth of ETH. This is not good for the Ethereum community, as this law signals a continued downward trend. However, within the entire scenario, the anonymous whale invests the proceeds in the trending crypto platform ETFSwap (ETFS). This move has piqued the…
staking farmLONDON, England, May 3, 2024 (Globe Newswire) –staking farm is proud to announce the launch of its ground-breaking Bitcoin Liquid Staking product. This is a pioneering initiative that opens new liquidity channels for Bitcoin, the world's oldest and most liquid cryptocurrency. This innovative service aims to further integrate Bitcoin into the burgeoning decentralized finance (DeFi) sector and expand its usability beyond its traditional boundaries. “We continue to innovate in the cryptocurrency staking space, and our new Bitcoin liquid staking product marks an important milestone not only for SakingFarm, but for the broader blockchain ecosystem,” said SakingFarm CEO said Klajdi…
Alex Dovnya Fraudsters' movements are monitored by blockchain detectives Read U.TODAY google news Earlier today, an extremely unlucky trader fell victim to an address poisoning scam and lost $68 million worth of Wrapped Bitcoin (wBTC).Most of these funds have already been converted to Ethereum, according to cryptocurrency tracking and compliance platform MistTrack. $68 million mistake Address poisoning fraud involves creating a fake address that closely resembles a real address. For this fraudulent scheme to work, potential victims must be careless by copying and pasting the wrong address to perform the transaction. Therefore, users should always double-check their addresses (especially if…
Osmosis is currently secured by OSMO stakers, but the developers plan to add staked BTC to the mix in June. Osmosis is the fifth largest blockchain network within the Cosmos ecosystem by total value locked. (Unsplash/NASA) Posted on May 3, 2024 at 4:04 PM EST. Osmosis, a Cosmos-based blockchain known for its decentralized exchange, is entering the Bitcoin Layer 2 race. This is the latest indicator of the rapid growth in Bitcoin developer activity. Next month, Osmosis plans to unveil Aroid Bitcoin, the latest in a number of in-house products aimed at simplifying trading tickers and injecting additional liquidity. Alloy…