cryptocurrency

  • Venezuelan President announces restructuring of Sunacrip

    According to reports, Venezuelan President Nicola á s Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. A new board of directors will lead the restructuring, led by Anabel Pereira Fern á ndez. Currently, no further details or specific reasons for the restructuring have been provided, but it is understood that the board of directors will set the next step plan for the cryptocurrency sector, aimed at protecting citizens of the country from the negative impact of economic sanctions, In addition, the new board structure does not include Joseit Ramirez, who has led Venezuela’s national encryption department since its establishment in 2018. (cointelgraph) Venezuela comprehensively reforms the national encryption sector Analysis based on this information:Venezuelan President Nicolaás Maduro has announced the restructuring of the national cryptocurrency asset regulator, known as Sunacrip in Spanish. This news comes amidst the ongoing economic crisis in Venezuela and the increasing use of cryptocurrencies as a means to…

    3days ago
    7
  • Significant Bitcoin Transfer from Coinbase to Unknown Wallets

    According to reports, data shows that 2276 BTCs (valued at approximately $61901684) have been transferred from Coinbase to unknown wallets. 2276 BTC transferred from Coinbase to unknown wallet Analysis based on this information:The cryptocurrency market has once again been hit by a major transfer of Bitcoin from Coinbase to unknown wallets. This news is based on reports that state that 2276 BTCs, which have a value of approximately $61901684, were transferred from Coinbase, one of the leading crypto exchange platforms, to unknown wallets. This significant transfer has raised concerns among investors and analysts about the possible impact on the market. Bitcoin is the most popular cryptocurrency, and its value is largely determined by the market demand, supply, and trends. Therefore, any significant transfer from major exchange platforms like Coinbase can have a significant impact on the overall market. In this case, the transfer of 2276 BTCs is a huge amount and indicates a large movement of funds. Moreover, the fact…

    3days ago
    3
  • Institutional Investors in Lido (LDO) Holding Firm Despite Cryptocurrency Market Fluctuations

    According to reports, according to statistics on LDO changes of Lido investors/institutions/consultants based on Twitter Cryptographic KOL Remains, institutions that have never sold LDOs include Paradigm, Certus One, The LAO, Digital Currency Group, Dragonfly Capital, and DeFiance Capital. Six institutions such as Paradigm and DCG have never sold LDO after investing in Lido Analysis based on this information:The message above indicates that several institutional investors in Lido (LDO) have not sold their investments despite changes in the cryptocurrency market. Lido is a decentralized finance (DeFi) project focused on Ethereum (ETH) staking, which involves holding a certain amount of ETH in order to validate the network and earn rewards. LDO is the governance token for the Lido protocol, which allows holders to vote on proposals and changes to the system. The report suggests that despite the volatile nature of cryptocurrency, the aforementioned institutions have remained steadfast in their support for Lido. These investors include Paradigm, Certus One, The LAO, Digital Currency…

    4days ago
    3
  • The Impact of Chainlink, BitMEX, BITE, and BlackRock on the Cryptocurrency Market Overnight

    21:00-7:00 Key words: Chainlink, BitMEX, BITE, BlackRock Overview of important developments overnight on March 19th Analysis based on this information:Overnight, from 21:00 to 7:00, the cryptocurrency market witnessed several significant events that could have a long-lasting impact in the future. Chainlink, BitMEX, BITE, and BlackRock are four keywords that capture the essence of these events. Chainlink is a decentralized oracle network that connects smart contracts with real-world data. Its importance lies in its capacity to enable smart contracts that rely on external information to execute programmatically without human intervention. At around 22:00, Chainlink announced a new partnership with Ankr, a platform that provides blockchain infrastructure solutions for developers. The partnership aims to integrate Chainlink’s oracle services into Ankr’s infrastructure, which could increase the speed, efficiency, and security of smart contracts built on Ankr’s platform. This announcement had a positive effect on Chainlink’s price, which surged by more than 10%. BitMEX is a popular cryptocurrency derivatives exchange that allows traders to…

    4days ago
    2
  • Large ETH Transfer Goes to Unknown Wallet

    According to reports, data shows that 18657 ETH (valued at approximately $33295276) has been transferred from Binance to an unknown wallet. 18657 ETH transferred from Binance to unknown wallet Analysis based on this information:In the world of cryptocurrency, news of large transfers often raises suspicions and concerns. Recently, reports have emerged that 18657 ETH, a substantial amount worth approximately $33,295,276, have been transferred from Binance to an unknown wallet. The exact reasons behind this transfer, as well as the owner of the receiving wallet, remain unknown at the moment. Binance, a leading and trusted cryptocurrency exchange platform, has been providing services for trading dozens of virtual assets, including ETH or Ethereum, which is the second-largest digital currency by market capitalization. The transfer of a huge amount of ETH from Binance has raised concerns within the cryptocurrency community that can lead to speculation and a possible impact on the market value of ETH. The anonymity of the unknown wallet where the…

    4days ago
    2
  • UpBit transfers $11.8 million worth of XRP to an unknown wallet

    According to reports, data shows that 30000000 XRP (valued at approximately $11819709) has been transferred from UpBit to an unknown wallet. 30000000 XRP transferred from UpBit to unknown wallet Analysis based on this information:UpBit, a South Korean cryptocurrency exchange, has reportedly transferred 30 million XRP to an unknown wallet. According to the reports, the value of the transfer stands at approximately $11.8 million. This transfer has raised concerns about the safety of cryptocurrency storage and transaction practices. Cryptocurrency transfers are conducted on a decentralized network that eliminates the need for intermediaries, such as banks or governments. However, the downside of decentralization is that it opens the door for hackers and malicious actors to access and steal digital assets. Cryptocurrency exchanges, which act as platforms for traders to buy and sell digital currencies, are particularly vulnerable to cyberattacks. As such, it’s crucial for exchanges to employ robust security protocols to protect their clients’ assets. The transfer of 30 million XRP from…

    5days ago
    3
  • Security Breach at General Bytes Cryptocurrency ATM Service

    According to reports, according to the official Twitter message of General Bytes, the General Bytes cryptocurrency ATM service was attacked on March 17th and 18th. The attacker used the upload interface in the system to upload and run malicious Java programs, and then the attacker obtained permissions to the database in the server and the hot wallet withdrawal API Key. General Bytes Cryptocurrency ATM service has been attacked, resulting in database and cryptocurrency theft Analysis based on this information:Reports indicate that the General Bytes service, a cryptocurrency ATM, experienced a security breach on March 17th and 18th. The attack was carried out by an individual who used the upload interface to introduce malicious Java programs into the system. This allowed the attacker to obtain permissions to the server’s database and the hot wallet withdrawal API Key. The severity of the incident remains unclear, but the fact that the attacker was able to gain access to such sensitive information warrants concern….

    5days ago
    2
  • Colorado Governor Polis Plans to Take Taxes on Cryptocurrency

    According to reports, Colorado Governor Polis said he would accept taxes on Bitcoin and cryptocurrency by the end of the summer. (Watcher.Guru) Governor of Colorado: Will Accept Bitcoin and Cryptocurrency Taxes in Late Summer Analysis based on this information:Governor Polis of Colorado recently announced that he plans to accept taxes on Bitcoin and cryptocurrency by the end of the summer. This is a significant decision because it shows the growing interest and adoption of cryptocurrencies in the United States. Although cryptocurrencies have become more popular, governments have struggled to determine how to regulate and tax them. Many view cryptocurrencies as a type of investment or digital asset rather than a traditional currency, making it difficult to tax. However, as more individuals and businesses begin to use cryptocurrencies, states are starting to find ways to incorporate them into their tax systems. Colorado is not the first state to accept cryptocurrency taxes, but it is an important step in the right direction….

    5days ago
    2
  • The World of Cryptocurrency and Blockchain at Night: Coinbase, R3, Deribit, and Uniswap

    21:00-7:00 Keywords: Coinbase, R3, Deribit, Uniswap Overview of important developments overnight on March 18th Analysis based on this information:At 21:00, when most people are winding down for the night, the world of cryptocurrency and blockchain is just getting started. This is evident with the mention of four major players in the field: Coinbase, R3, Deribit, and Uniswap. Coinbase, founded in 2012, is a popular cryptocurrency exchange platform in the United States. It allows users to buy, sell, and hold various digital assets such as Bitcoin, Ethereum, and Litecoin. The mention of Coinbase in this message could be indicating a surge in activity on the platform during the night. This may be due to the fact that cryptocurrency trading is open 24/7, allowing people to trade at any time. R3 is a blockchain software development company that focuses on building distributed ledgers and decentralized applications for various industries. It is possible that the message is referencing R3 due to their work…

    5days ago
    2
  • FTT Prices Upsurge to New Heights with 50% Increase in the Last 24 Hours

    On March 18th, the market showed that the FTT rose to 1.7500 USD, and is currently trading at 1.7297 USD, with a 24H increase of more than 50%. FTT rose to 1.75 USD, with a rise of more than 50% in 24H Analysis based on this information:The cryptocurrency market has been witnessing an uptrend in FTT prices for the past few days. On March 18th, FTT rose to 1.7500 USD, a new height that the token had not reached in a while. The FTT, also known as FTX Token, is the native token of the FTX cryptocurrency trading platform that launched in 2019. The platform is well-known for its innovative products and derivatives trading. The sudden price surge came as a surprise to many cryptocurrency experts and traders alike. However, it is not uncommon for cryptocurrencies to experience such rapid price movements, with some tokens experiencing price changes up to 100% in a short period. For FTT, the token’s price…

    6days ago
    2
  • The Future of Cryptocurrency: Learning from Mistakes of the Past

    On March 18th, Zhu Su, co founder of Sanjian Capital, stated on social media that most of the recent mistakes in the cryptocurrency industry are due to the introduction of tradfi ideas, such as “shadow banking” and “process internalization”. The next round of cryptocurrency bull market will be driven by people who are aware of these issues. The underlying cryptocurrency infrastructure itself is a new paradigm. Zhu Su: Most of the mistakes in the encryption industry are due to the introduction of traditional concepts such as “shadow banking” Analysis based on this information:In recent years, the cryptocurrency industry has witnessed significant growth, but it hasn’t been without mistakes. Cryptocurrencies initially attracted attention for their decentralized nature and anonymity, allowing users to send and receive funds without the need for intermediaries. However, with rapid growth came the influx of traditional finance (tradfi) ideas, leading to severe mistakes in the industry. Zhu Su, co-founder of Sanjian Capital, recently took to social media…

    6days ago
    2
  • DeGods NFT Project Launch and Future Market Trends

    On March 18th, the official release of the Solana Ecological Blue Chip NFT Project DeGods on social media stated that 500 BTCDe Gods have been cast, all refunds have been sent, and De Gods Trading Desk has been officially launched. Users can conduct secondary market transactions at DeGods Discount, supporting the use of BTC, ETH, SOL, or USDC to buy and sell BTC DeGods. In addition, Magic Eden in the NFT market will also launch the Ordinals market in the near future. DeGods: BTC network DeGods NFT has been cast and DeGods Trading Desk has been launched Analysis based on this information:The message conveyed is regarding the official launch of DeGods, an NFT project built on the Solana blockchain. According to the announcement made on March 18th, 500 BTC DeGods have been cast and all refunds have been sent. The DeGods Trading Desk has also been launched, and users are now able to participate in secondary market transactions at DeGods…

    6days ago
    2
  • LSDx Finance’s TVL Goes Over $100 Million in 48 hours

    On March 18th, it was reported that the total lockup value (TVL) of the LSD super liquidity agreement LSDx Finance has increased by over 55000 ETHs (approximately $100 million) in the past 48 hours, currently reaching 61954.507 ETHs. Data: LSDx Finance has increased TVL by over 55000 ETHs in the past 48 hours Analysis based on this information:The world of cryptocurrency is one that never ceases to make headlines. The latest news is on LSDx Finance, a super liquidity agreement whose TVL has seen an increase by over 55000 ETHs in just 48 hours. As of March 18th, the current TVL is now 61954.507 ETH, equivalent to $100 million. LSDx Finance, also known as Liquidity for Stablecoins and Derivatives, is a decentralized financial protocol that allows users to trade on-chain synthetic assets while offering high liquidity through the issuance of stablecoins. It is built on the Binance Smart Chain and aims to provide users with fast and secure transactions at…

    6days ago
    2
  • Huang Licheng’s Cryptocurrency Transaction Analysis

    According to reports, according to data disclosed by NFT Whale Alert, “Maji Big Brother” Huang Licheng today sold 14 “mutant ape” MAYCs to obtain 187.59 ETH (approximately $327108.19), and 41 Otherside yuan universe virtual plots Otherside to obtain 65 ETH (approximately $113000). Currently, the MAYC floor price has dropped to 13.39 ETH, with a decrease of nearly 5% in the past 24 hours. The Otherside floor price has also declined to 1.66 ETH. “Maji Big Brother” Huang Licheng Sells 14 MAYCs and 41 Otherdeeds Analysis based on this information:The cryptocurrency market has become increasingly popular, especially with the emergence of NFTs (Non-Fungible Tokens). NFTs have become a way to create, sell, and buy digital assets that are unique and scarce. Recently, Huang Licheng, known as “Maji Big Brother,” made headlines within the NFT community for his significant cryptocurrency transaction. According to data disclosed by NFT Whale Alert, Huang Licheng sold 14 “mutant ape” MAYCs and 41 Otherside yuan universe virtual…

    6days ago
    2
  • Citadel’s failed attempt to purchase Circle’s crypto deposits

    According to reports, hedge fund investment company Citadel once proposed to purchase $3.3 billion of cryptocurrency technology company Circle deposits in Silicon Valley banks at a certain discount, but negotiations between the two sides ultimately collapsed. (Wall Street Journal) Citadel has proposed to acquire Circle’s $3.3 billion deposit with a Silicon Valley bank at a certain discount Analysis based on this information:Reports indicate that hedge fund investment company Citadel approached Circle, a cryptocurrency technology company, with an offer to purchase $3.3 billion worth of their deposits in Silicon Valley banks at a discount. However, the negotiations ultimately failed, and the deal was not finalized. This news brings attention to the rising interest of traditional finance institutions in cryptocurrencies, as well as highlighting the challenges that can arise in such negotiations. Citadel is one of the largest hedge funds globally, and their interest in purchasing Circle’s crypto deposits underscores a growing interest in cryptocurrencies by traditional finance institutions. Such investments allow…

    6days ago
    2
  • Grow Bank to integrate cryptocurrency and fiat transactions

    According to reports, Grow Bank, a new financial technology company based in Zurich, plans to integrate cryptocurrency and legal tender transactions into its services. The bank stated that its platform supports 64 legal tender currencies and 20 cryptocurrencies, allowing users to trade legal tender currencies with cryptocurrencies. Users can use Grow’s application to open personal or corporate deposit accounts, obtain debit cards, and exchange currencies in legal or cryptocurrency. It charges an annual fee of 145 euros for personal and corporate cards and a monthly fee of 12 euros for personal and corporate accounts. Grow said he holds an electronic currency license and a traditional banking license, and “its users are protected by Swiss law.”. Grow Bank, a financial technology company, plans to integrate encrypted transactions into its services Analysis based on this information:Grow Bank, a new financial technology company based in Zurich, announced it plans to integrate cryptocurrency and legal tender transactions into its services. Its platform offers support…

    6days ago
    2
  • State Street Bank Ends Partnership with Copper amid Regulatory Changes

    According to reports, State Street Bank said it had ended its partnership with Copper, a cryptocurrency custodian company. A spokesman for State Street Bank said in an email that the two banks had jointly decided to terminate the license agreement. State Street Bank will continue to work on “providing multiple solutions for token based securities and native tokens”, adding that “the regulatory environment for digital assets has been evolving, and the requirements for providing services for this asset class are also changing.” Earlier on Thursday, Copper announced that it will close its enterprise infrastructure business and will focus on its Clear Loop custody and settlement business in the future. State Street Bank has terminated its partnership with Copper, a crypto custody company Analysis based on this information:State Street Bank announced that it has terminated its license agreement with cryptocurrency custodian company, Copper. According to a spokesperson for the bank, the decision was made jointly with Copper. This move came as…

    6days ago
    2
  • Blockchain Association Requests Information on Cryptocurrency “De-Banking”

    According to reports, the Blockchain Association, one of the cryptocurrency lobbying groups, has sent a Freedom of Information Act (FOIA) request to the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) to provide documents and communications related to cryptocurrency “de banking.”. It is reported that the requirements of the Freedom of Information Act are aimed at uncovering the truth behind the possibility of US cryptocurrency companies going to banking business, including more understanding of the situation where legally compliant cryptocurrency companies may close accounts. The Blockchain Association requires FDIC and the Federal Reserve to disclose documents related to encrypted “de banking” Analysis based on this information:The Blockchain Association, a cryptocurrency lobbying group, has sent a Freedom of Information Act (FOIA) request to three government agencies – the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) – to provide documents and communications related…

    6days ago
    2
  • 21Shares Closes Five Cryptocurrency Funds Amid Weak Investor Demand

    According to a Bloomberg report, 21Shares, the issuer of cryptocurrency exchange traded products, is closing five funds and delisting another fund as investor demand weakens. Cryptocurrency ETP provider 21Shares closes its funds due to reduced investment demand Analysis based on this information:The world of cryptocurrency has been constantly fluctuating in terms of market value and investor sentiment. In a recent development, 21Shares, the issuer of cryptocurrency exchange traded products has decided to close five funds and delist another fund due to weakened investor demand. This announcement was made by Bloomberg, one of the most prominent business media outlets in the world. 21Shares is a Switzerland-based company that offers exchange-traded products (ETPs) for cryptocurrencies. It was created with the aim of facilitating institutional investors’ entry into the cryptocurrency market. The company claims to offer a safe, transparent, and reliable way to invest in cryptocurrency markets via ETPs. Despite the company’s success in attracting institutional investors, it seems that demand has recently…

    6days ago
    2
  • Legal Action Filed Against Popular Crypto Influencers

    According to reports, a class action lawsuit filed against multiple crypto KOLs, claiming that they “actively promoted FTX to millions of fans, but did not disclose their funding.” The defendant list includes Erika Kullberg, Ben Armstrong, Kevin Paffrath, and Meet Kevin. The lawsuit adds that some creators have now removed all video clips that support FTX and praise SBF from social media. (The Block) Multi-bit encryption KOL was sued for promoting FTX and SBF Analysis based on this information:Recently, there has been news of a class action lawsuit filed against several cryptocurrency Key Opinion Leaders (KOLs) for allegedly endorsing FTX without disclosing their funding. The list of defendants includes Erika Kullberg, Ben Armstrong, Kevin Paffrath, and Meet Kevin. According to reports, these popular crypto influencers promoted FTX to millions of their followers without disclosing their investments. It is alleged that their followers invested in FTX under the impression that it was a trusted platform, without being made aware of the…

    6days ago
    2