In a surprising turn of events, Tesla has relocated a significant portion of its Bitcoin holdings, amounting to 11,500 BTC valued at approximately $760 million. This information was disclosed by Arkham Intelligence, highlighting that the transactions took place over 26 separate transfers on October 15. Notably, these assets had remained untouched for two years prior
Crypto
The volatility of cryptocurrencies is nothing new, but recent geopolitical tensions, specifically between Iran and Israel, have added fuel to the fire. In early October, market behemoths like Bitcoin and Ethereum experienced notable downturns. Investors’ confidence shook as fear spread regarding whether cryptocurrencies could still act as a “safe haven” in turbulent times. This atmosphere
Recent revelations from the United States Federal Election Commission have unveiled significant financial contributions made by prominent tech investors to pro-Trump political action committees (PACs). Noteworthy figures such as Marc Andreessen and Ben Horowitz have each contributed $2.5 million to the Right For America PAC, a group aligned with Trump’s presidential agenda. Their rationale, as
In a remarkable demonstration of philanthropy interconnected with the world of cryptocurrency, Ethereum co-founder Vitalik Buterin has made headlines by liquidating a significant amount of meme coins for charitable purposes. Recently, Buterin sold approximately 651.6 ETH, translating to nearly $1.62 million, through a series of transactions involving various meme tokens. This decision aligns with Buterin’s
Larry Fink, the CEO of BlackRock, has recently made headlines by endorsing Bitcoin (BTC) as a legitimate asset class, akin to traditional resources like gold. During an earnings call, Fink articulated a vision where Bitcoin is not merely a speculative digital currency but rather a serious contender in the investment landscape. His perspective is particularly
The Sui Foundation, a non-profit organization that oversees the development of the Sui blockchain, recently found itself at the center of controversy due to claims of insider trading involving its native token, SUI. Launched with the intention of creating a robust layer-1 blockchain ecosystem, SUI had been enjoying a significant rally. However, discussions ignited on
In the turbulent arena of cryptocurrency, Shiba Inu (SHIB) has demonstrated a notable uptick, with a 5% rise over the past week and an impressive 30% increase over the last month. However, this spike comes at a time when the broader cryptocurrency market is experiencing a revival. Bitcoin, for instance, recently reached a three-week high
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has drawn significant attention from both the crypto community and financial sectors. As we examine the intricate details of their conflict, there is a mixture of legal ramifications and potential market implications for XRP, Ripple’s native cryptocurrency. Recent court rulings,
As we delve into the current landscape of cryptocurrency markets, it is evident that the past weekend was marked by a noticeable lack of volatility. With a total market capitalization resting around $2.33 trillion, cryptocurrencies, especially Bitcoin and Ethereum, are experiencing a phase of consolidation. Bitcoin, which briefly surged past $64,000 upon the opening of
In a defining moment for the Australian cryptocurrency landscape, Monochrome Asset Management is set to debut the nation’s first-ever spot Ethereum exchange-traded fund (ETF) on the Cboe exchange. The Monochrome Ethereum ETF, known by its ticker symbol IETH, is scheduled to commence trading on October 14, following the green light given to similar products in