Day: June 28, 2023

Bitcoin cash gaining traction, DigiToads presale raises over $5.7 million

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The world of cryptocurrency is constantly evolving, with new trends emerging regularly. Bitcoin, a decentralized digital currency, has gained significant global investment. However, Bitcoin Cash has also made a name for itself as a convenient and affordable medium of exchange. Its supporters strive to make it user-friendly. Bitcoin Cash was created through a hard fork of Bitcoin, meaning they share a common code base and transaction history. With increasing adoption and better scalability, Bitcoin Cash is…

Israel has Seized Millions in Crypto From Iranian Military and Hezbollah: Report

“This is the first incident of this magnitude,” the report said, quoting Gallant. “We have effectively cut off the flow of terror funds via this channel.” He also alleged that Iran’s military and Hezbollah relied on virtual currency to finance their militant activities, according to the report. Source CryptoHezbollahIranianIsraelMilitaryMillionsReportSeized CryptoX Portal

BlackRock has ‘50% chance’ of getting spot Bitcoin ETF approved: Analyst

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Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin (BTC) Exchange Traded Fund (ETF) approved, says Bloomberg’s senior ETF analyst Eric Balchunas.  Balchunas’ prediction comes following an observation made by Elliott Stein, a senior litigation analyst for Bloomberg Intelligence, who now pegs the chances of Grayscale winning its case against the SEC at 70%. Another reason we give spot bitcoin ETF approval 50% chance is our senior legal analyst @NYCStein gives Grayscale a 70% chance of winning case against SEC, who could approve BlackRock’s ETF as…

Bitcoin miners send record $128M in revenue to exchanges

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Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges. In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges. Percent of miner revenue sent to exchanges. Source: Glassnode. It noted that there was currently an “extremely high exchange interaction,” from Bitcoin miners which had sent a record $128 million to exchanges over the past week. This is equivalent to 315% of their daily revenue, the analytics platform noted. There have been several spikes in miner revenue…

Sui Foundation denies it sold locked staking rewards on Binance

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Sui Foundation — the team behind the Sui network and its native SUI token — has denied allegations that the firm unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance . The Foundation knocked back the claim in a five-part Twitter thread on June 27, stating that none of the locked or non-circulating tokens, including SUI staking rewards had been sold: “Sui Foundation has not sold staking rewards or any other tokens from locked and non-circulating staked SUI on Binance or otherwise.” “All insider token allocations remain subject to and…