Bitcoin has seen a significant increase in popularity and mainstream adoption over the past few years, leading to an influx of institutional investors in the cryptocurrency market. These institutions have rapidly grown their Bitcoin holdings, resulting in a significant shift in the distribution of BTC ownership. One striking development highlighted by crypto pundit Marty Party
Impact
Bitcoin took a hit on Wednesday, dropping 2.5% to $59,100 following the news that the U.S. government had shifted more of its Silk Road-related Bitcoin holdings to Coinbase Prime. The on-chain analysis platform, Arkham Intelligence, highlighted the transfer by revealing that 10,000 BTC valued at $593 million had been moved. This move raises questions about
In the realm of cybercrime, there has been a mix of good news and bad news. While overall illicit transactions have seen a decrease from the previous year, there has been a concerning rise in stolen funds from crypto scams and ransomware attacks. The amount of stolen funds from crypto scams has nearly doubled from
Metaplanet recently made a bold move by investing approximately $3.3 million in bitcoin, acquiring 57.103 bitcoins at an average price of 8,756,107 yen per bitcoin. This investment is part of the Japanese investment firm’s larger strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now holds a total of 303.095 BTC, which has
Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC), where it highlighted significant flaws in the agency’s cost-benefit analysis of the proposed rule. The crypto exchange argued that the SEC has not adequately evaluated the rule’s economic impact on efficiency, competition, and capital formation. Despite recognizing a lack of crucial
Upland, the virtual property trading game, recently made waves with the addition of Paris to its Metaverse. This expansion allowed players to own and develop virtual properties in one of the most famous cities in the world. The introduction of Paris created a buzz among the Upland community, with 75% of properties being snatched up
Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led
The recent trading activities in the cryptocurrency market have pointed to a crucial moment for Ethereum. The formation of a bearish triangle pattern signals a potential significant breakout. It is essential to closely monitor the movement of Ethereum as it approaches this critical point. The price action of Ethereum is currently below the 100-day Simple
Unioverse, a popular sci-fi franchise and gaming platform, is making waves once again with the launch of its latest game, Hoverdrome. This new gaming experience promises to blend the excitement of Mario Kart and Rocket League, setting itself apart as a top-tier action-packed adventure in the world of Web3 gaming. Gameplay and Innovation Hoverdrome’s gameplay
As the cryptocurrency industry continues to grow and evolve, there is a pressing need for clear and concise regulations to guide companies in the space. Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna recently expressed his expectations for the Biden administration to release a crypto regulation roadmap in the coming weeks. These expectations stem from