Author: News Room
Grayscale’s spot Bitcoin ETF saw an unprecedented outflow of more than $640 million on March 18. This marks the largest single-day outflow since the fund’s conversion from a closed-end fund to a spot ETF on January 11. According to data from Farside Investors, Grayscale’s Bitcoin ETF experienced a staggering $642.5 million in outflows on March 18. Simultaneously, inflows into the second-largest fund, Fidelity’s Bitcoin ETF, hit a record low of just $5.9 million. The combination of these events led to a net outflow of $154.3 million for spot Bitcoin ETFs. The price of Bitcoin has been under pressure in recent…
Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by Santiment, Chainlink, Cardano, and Polkadot lead the pack with the most significant github activity over the past 30 days. This metric, an indicator of non-redundant project contributions and enhancements, positions these digital assets as key players in the blockchain innovation race. Chainlink, Cardano, Polkadot Stand Out Chainlink, known for its decentralized oracle network facilitating smart contracts, has shown remarkable development efforts. Analyst Michaël van de Poppe highlighted Chainlink’s recent successful retest of support levels, suggesting an optimistic trajectory for its value.…
“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace […] Read the full article here
The current CEO of FTX, John Ray, has disputed the former CEO Sam Bank Fried’s assertion that there was “zero” harm to customers during the platform’s collapse in 2022, labeling the claim as “reckless” and “false.” Ray’s criticism follows Bankman-Fried’s conviction in November for embezzling $8 billion from FTX customers. John Ray Challenges SBF’s Defense Strategy The former CEO’s defense strategy has relied heavily on the notion that since there might be a chance of customer reimbursement through bankruptcy proceedings, his actions should not be considered theft. “I can assure the Court that each of these statements is categorically, callously,…
In cryptocurrency, especially Bitcoin, wallet activity often indicates market sentiment and price movements. Bitcoin wallet activity has dropped in the last 10 days. This has traders and analysts talking and speculating. This trend may worry new investors, but historical data suggests a deeper meaning. The number of Bitcoin non-zero coin wallets has dropped by -311,000, according to Santiment data. This drop means fewer people are trading Bitcoin, which can be scary for beginners. History shows that wallet activity drops during market FUD (fear, uncertainty, and doubt). 👋🐟 Over the past 10 days, a net difference of -311K total non-0 coin…
XPUNKS, the creators of the first NFT series on the XRP Ledger, have announced a move to rival blockchain Solana. The XPUNKS team communicated this move in a recent post on X, heralding the entry into Solana as a New Beginning. New Beginnings @solana pic.twitter.com/MolY6k84ON — XPUNKS (@XPUNKNFTs) March 19, 2024 Questions have emerged on whether they plan to completely leave the XRPL or facilitate a multi-chain approach. When asked, they noted that they had built a bridge. The team has failed to provide specific details on the decision but noted that it is organizing an Ask Me Anything session…
GIFT City may soon host India’s first regulated global realty and infra-asset tokenization platform. The process is in the initial stage, and IFSCA has only granted conditional approval to select entities. One of them is Realdom India Pvt Ltd. The company is working to set up a platform known as Pinvest Exchange. GIFT City, an acronym for Gujarat International Finance Tec-City, is known to host more than 500 entities in banking, stock exchanges, aircraft, ship leasing, and fintech companies. Some entities in GIFT City are IBM, Google, and Oracle. Launching India’s first regulated global realty and infra-asset tokenization platform will…
According to crypto data tracker Whale Alert, 45 million XRP tokens were observed being transferred to major cryptocurrency exchanges in two large transactions. This significant movement of tokens coincided with a notable surge in the price of XRP, which experienced a rapid 5% jump in value. According to data from Whale Alert, a blockchain tracking platform, there were two significant transfers of XRP to major exchanges Bitso and Bitstamp. 🚨 19,300,000 #XRP (11,869,522 USD) transferred from unknown wallet to #Bitsohttps://t.co/WwelTHdhRL — Whale Alert (@whale_alert) March 20, 2024 The first transaction involved the movement of 19.3 million XRP worth $11,869,522 from…
Heralded by Ethereum developers as the technical milestone they’d been “dreaming of,” last week’s Dencun upgrade was supposed to forever alter the Ethereum ecosystem—by making transactions on its layer-2 networks exponentially cheaper and thus more accessible. One week later, how do things stand? On the whole, Dencun has delivered exactly as promised. Across layer-2 networks that have already integrated the software update, gas fees have plummeted to unprecedented lows, in most cases by over 90%. At writing, median transaction fees on layer-2 networks Arbitrum, Starknet, Optimism, and Optimism-based chains Base and Zora have all fallen to one cent or below,…
Gate, a major crypto exchange, has announced plans to broaden the trading capabilities of BONE, a token affiliated with the Shiba Inu ecosystem. The move includes the addition of the token to the margin trading section and its availability as a borrowable asset. Traders will now have the opportunity to engage in BONE trading as a USDT token with a third point of leverage. However, it is essential to acknowledge the inherent risks associated with margin trading, characterized by speculation and lack of token ownership. BONE has enjoyed a significant presence on Gate’s platform, primarily within its spot market. This…