Month: March 2023

ETH Moves Above $1,800 as BTC Nears $28,000 – Market Updates Bitcoin News

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Ethereum rose above $1,800 for the first time since August, as markets continued to react to the Fed’s decision to inject $300 billion into the economy. This comes following the recent banking crisis, which saw the likes of Silicon Valley Bank collapse. Bitcoin neared $28,000 in today’s session. Bitcoin Bitcoin (BTC) closed in on the $28,000 level to start the weekend, as markets continued to react to the Federal Reserve’s decision to pump liquidity into the U.S. economy. BTC/USD jumped to an intraday high of $27,787.81 earlier in the day,…

Euler Finance exploiter returns 3,000 ETH worth $5.4m

Euler Finance exploiter has returned 3,000 ETH worth $5.4m to the DeFi protocol, indicating the platform may have reached a deal with the hacker. Exploiter returns stolen Euler funds worth $5.4m The Euler Finance exploiter on Mar. 18 returned about 3,000 ETH ($5.4m) to the platform’s deployer address. Blockchain investigator PeckShield identified three transactions used to send funds. Euler Finance was hacked on Mar. 13 in a flash loan attack where the exploiter made away with $197m. The funds were stolen over four transactions of $136m staked ether (stETH), $34m USDC, $19m…

Four Major Crypto Exchanges Announce Support for Arbitrum (ARB) Ahead of Massive Airdrop

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At least four major crypto exchanges have now announced they plan to list Arbitrum’s upcoming crypto asset, ARB. MEXC, Huobi and Bybit all say they will list ARB next Thursday, March 23rd, the date of the token’s airdrop. Bitrue also plans to list ARB, noting in a Twitter post that the opening time for deposits and trading will be updated. In a blog post this week, Arbitrum developers announced the airdrop and outlined the protocol’s upcoming plans to switch to being governed by a self-executing decentralized autonomous organization (DAO). The…

Retailers accumulating bitcoin at the fastest pace since FTX collapse

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Onchain data shows that retailers have been accumulating bitcoin (BTC) at the fastest pace since the collapse of FTX, a cryptocurrency exchange. Retailers accumulating bitcoin Glassnode shows that “shrimps”, that is, small-scale retail holders with between 0.1 BTC and 1 BTC, ramped up their buying activity this week amid concerns of a banking collapse in the United States.  0.01-1 BTC User Accumulation: Glassnode and shared by MitchellHODL on Twitter Following the bank run of Silicon Valley Bank (SVB), the bankruptcy of Silvergate, and the closure of Signature Bank, there were…

Coinbase Contemplates Launching New Trading Platform as Authorities Intensify Scrutiny of Crypto Sector

Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour. Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the United States, and Coinbase has already begun talking about the move with institutional clients. Per the report, the exchange is also yet to decide on the particular location to use for the proposed trading platform. However, the decision appears to…

Voyager Digital holds $725m despite liquidating millions of ethereum, SHIB

Voyager Digital holds $725m of various coins despite ongoing liquidations that started in September 2022. The lender’s balance follows a series of token transfers to other crypto firms to repay former clients in liquidation auctions.  Voyager Digital’s asset transfers The troubled cryptocurrency company has transferred 158k ethereum (ETH), 5.9t SHIB, 123m Voyager Tokens (VGX), 36m Polygon (MATIC), and 2m Chainlink (LINK). Following these transfers, Voyager now holds $725m of coins. The move has prompted industry analysts to speculate about the fate of Voyager Digital and its possible effects on the…

Sam Bankman-Fried to propose revised bail package ‘by next week’

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The lawyer representing crypto entrepreneur Sam Bankman-Fried (SBF) in the ongoing FTX case will soon present a revised bail package to Judge Lewis Kaplan of the Southern District of New York. The move comes after Kaplan expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network (VPN) services while out on bail. Legal proceedings around FTX’s downfall led SBF to avoid possible jail time with a $250 million bail bond. However, while on bond, the entrepreneur used Signal, an end-to-end encrypted messaging service, to contact former FTX and…