Three other wallets previously linked to FTX and Alameda sent $188.58 million to crypto exchanges Coinbase, Kraken and Binance on Tuesday, according to blockchain sleuth Lookonchain. It remains unclear whether capital is being consolidated in line with bankruptcy proceedings or if it is being deployed to generate a yield. Source 100MAlamedaLinkedDePegFirmsStablecoinsTradingUSDCWallet CryptoX Portal
Bitcoin briefly surged to a nine-month high late on Tuesday, as prices moved above the $26,000 mark. Although prices have since declined, overall sentiment remains bullish following the latest U.S. inflation report. Consumer prices fell to 6% last month, with ethereum climbing above $1,700 as a result. Bitcoin Bitcoin (BTC) fell from a nine-month high on Wednesday, following yesterday’s post-U.S.-inflation-report rally. BTC/USD is trading at $24,858.50 at the time of writing, hours after prices surged to a peak of $26,514.72. Tuesday’s peak saw the world’s largest cryptocurrency hit its strongest…
Bitcoin has retreated to below $25,000 after reaching a nine- month high on Tuesday at about $26,500. The rise for the world’s largest cryptocurrency by market value came minutes after the U.S. Consumer Price Index was released. The index showed that the rate of inflation is slowing down. Meanwhile, altcoins continue to rally, with stacks (STX) taking the lead up 36% over the past 24 hours. The IMX token for Immutable X, a layer 2 scaling tool for non-fungible tokens on the Ethereum blockchain, surged 30%. Source
The newest version of ChatGPT has caused a stir online, scoring high marks for SAT tests and highlighting vulnerabilities and exploits in Ethereum smart contracts. GPT-4 is the latest version of the highly influential artificial intelligence (AI) language model, boasting ‘human-level performance on various professional and academic benchmarks,’ according to its developer OpenAI. Aside from outstanding scores on a range of various professional and academic benchmarks, GPT-4 has also demonstrated the ability to review Ethereum smart contracts, highlighting vulnerabilities and even suggesting potential ways to exploit the code. I dumped…
Bybit and Deribit calculate the payoff or profit/loss from the options trade, referencing the dollar value of the underlying asset (BTC). However, at Deribit, the actual settlement is paid in BTC, while Bybit uses USDC. Settlement refers to resolving the contract between trading parties through exchange of cash or actual underlying asset. Source
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Bitcoin (BTC) whale activity has recently seen an uptick, with deep-pocketed addresses sending up to 21,851 ($545 million) to exchanges in the past 48 hours. The development comes on the back of the recent market-wide rally that saw BTC reclaim the $26,000 price. Whale-tracking resource Whale Alert drew public attention to the recent surge in whale activity, highlighting seven transactions involved in the massive exchange inflow. The latest transactions saw an unknown address transfer 1,000 BTC ($24.8 million) to Gate.io today at 2:39 AM (UTC). This transaction was preceded by…
As unveiled by Circle, it has started processing its redemption through a new banking partner after it was able to access the funds worth $3.3 billion locked up in Silicon Valley Bank. Circle, the American startup behind the world’s second-largest stablecoin, USDC has revealed details about its operation to its community. As revealed in a blog post published on March 14, Circle said it has resumed its regular operations including the redemptions of the USDC stablecoin. The previous week marked a significant period for Circle as it not only got…
A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption. El Salvador Retains Interest in Bitcoin El Salvador ranks amongst the countries most interested in learning about bitcoin and its uses, according to a recent study made by Crypto Betting, a decentralized gaming portal. The study,…