Month: April 2023

FTX EU Launches New Website for Withdrawals as Subsidiary Starts Returning Funds to Customers – Bitcoin News

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FTX’s European subsidiary, FTX Europe, has launched a new website, ftxeurope.eu, for users to withdraw funds from the now-defunct cryptocurrency platform. Withdrawal requests must be submitted through the new website and will be “subject to customary know-your-customer and anti-money-laundering checks.” FTX’s European Arm Opens Withdrawals to Customers According to a press release published on Friday, another division of FTX will allow withdrawals. FTX’s European subsidiary, FTX EU, has begun the process of returning segregated funds to customers in compliance with Cyprus law. The subsidiary was announced in March 2022. “We…

Coinbase share price slides amid SEC lawsuit fears. DigiToads presale building momentum

Over the past week, the share price of COIN by Coinbase, a cryptocurrency exchange platform, plummeted by around 15%. The dip comes days after Coinbase announced it received a Wells notice from the Security Exchange Commission (SEC). The regulator believes the exchange may be involved in a possible “violation of investor-protection laws.” Coinbase’s announcement of a potential lawsuit has impacted its market performance. Consequently, crypto users are looking for alternative high-potential altcoins for 2023.  Amid the market gloom, DigiToads is among the cryptocurrency attracting many investors with its wide variety…

The Rapid Rise of IXFI Exchange

PRESS RELEASE. Zurich, Switzerland, April 1st, 2023 – Since its launch at the end of 2021 by founders Cristian Andrei, Shailesh Rajput, and Alexandru Badoi, IXFI has attracted nearly 9 million unique visitors and over 350,000 active platform users. The IXFI app has ranked among the top 15 most downloaded finance mobile applications in Eastern Europe. This performance surpasses established industry competitors and solidifies the company’s position as a popular & trusted crypto trading platform but also recently the biggest buy crypto platform, now used in over 100 countries across…

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker – Bitcoin News

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According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the largest holders of bitcoin, plans to sell 41,490 BTC in 2023, according to a court filing submitted in the case of James Zhong’s sentencing. The government made the historic bitcoin seizure in November 2022 when…

March Sees Cryptocurrency Market Surge Despite Setbacks and Regulatory Uncertainty

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March turned out to be a good month for the cryptocurrency market, with bitcoin surging over 21%, while other cryptocurrencies also recorded impressive gains. XRP, Stellar’s XLM token, and Injective Protocol’s INJ token recorded gains of 41%, 26%, and 34%, respectively. In contrast, Chain’s XCN token in the CMI’s Currency sector was among the biggest losers, plummeting over 53% in March, media reports said.  Encrypted messaging protocol Network’s native token, MASK, emerged as March’s top-performing asset, surging 68% to trade at $6.30. Reports indicate that the price surge followed the…

Former Activision Blizzard executive joins Yuga Labs as CEO

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Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and CryptoPunks NFT collections, has a new CEO: Daniel Alegre. The executive resigned as president and chief operating officer of the gaming giant company Activision Blizzard to join the NFT startup on April 1.  “Couldn’t be more excited for this next chapter,” he wrote on Twitter. Alegre was a key player in Activision Blizzard’s growth in the past years, overseeing popular gaming franchises like Call of Duty, World of Warcraft, Diablo, and Candy Crush. Today is my last day as…

Balaji Srinivasan’s $1M Bitcoin Bet Could Be Right, but I Hope He’s Wrong

First, why did the inflation hedge thesis lose credibility? Well, people saw inflation rising rapidly in late 2021 and early 2022, just as bitcoin’s price quickly fell. Ergo, bitcoin wasn’t an inflation hedge. Many critics of Bitcoin enjoyed carping about this, and the tl;dr of all of their articles and interviews was “I told you so.” But some bitcoiners, such as Steven Lubka, held to their conviction. We were experiencing price inflation due to systemic supply chain shocks caused by various factors, particularly the world reopening following COVID-19. There was…

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs – Mining Bitcoin News

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According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past month. Bitcoin’s network hashrate has been around 341 exahash per second (EH/s) during the last 2,016 blocks or the last two weeks. This month, the mining pools Foundry USA and Antpool dominated the pack, accounting for 52.87% of the global hashrate in March. Bitcoin Mining Revenue Has Increased Month Over Month Since December Bitcoin miners had a decent month in March with revenues not seen since before June 2022. During…

Offchain Labs, team behind Arbitrum, locks over $3.7b of ARB for 4 years

New York-based Offchain Labs, the development team behind Arbitrum, a layer-2 scaling solution for Ethereum, has moved 2.679b ARB, worth over $3.7b, on-chain data on Apr. 1 indicates. The ARB transfer to a custodian According to Arkham Intelligence, an analytics firm, the large sum of ARB, making up 27% of the total supply, was moved on early Apr. 1.  Just 1 hour ago, $3.7B (that’s right – Billion) of $ARB was moved from the Arbitrum Foundation Multisig. It ended up at this new wallet, 0x1E7 – making 0x1E7 the holder…