Day: November 23, 2023

Milei vowed to close Argentina’s central bank — But will he do it?

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The image of a presidential candidate destroying a model of the central bank with a sledgehammer will not leave Argentines’ memories for a long time. But once President-elect Javier Milei is seated on the throne on Dec. 10, will he still have the courage to follow a winding and risky path? Argentina carries — with its nine defaults — the title of world champion in the category of defaulting on risk. It is currently the International Monetary Fund’s largest creditor, and with a credit risk assigned by Fitch Ratings as…

Bitcoin user pays $3.1M transaction fee for 139 BTC transfer

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A Bitcoin user paid 83.7 Bitcoin (BTC), worth $3.1 million, in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the eight-highest in Bitcoin’s 14-year history. The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 on Nov. 23, only to pay more than half the actual value in the transaction fee. The destination address received only 55.77 BTC. The mining pool Antpool captured the absurdly high mining fee on block 818087. Antpool mining reward history. Source: Mempool Users on social media suggested that the…

Milei presidential victory fuels optimism in Argentina’s Bitcoin community

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After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. 19, Milei was declared the winner. The flamboyant politician secured the favor of 55% of the electorate, with three million more ballots to his name than rival Sergio Massa. Fernando Nikolić, an Argentine Bitcoin (BTC) advocate and…

Netflix Director Carl Rinsch Spent $4M of Production Budget on Dogecoin and Made $27M

Rinsch is now asking for an additional $14 million, claiming Netflix owes him the money despite not submitting any completed episodes. A Hollywood movie director is making the news for receiving millions of dollars to fund a project that may never see the light of day, and using the show’s budget to invest in Dogecoin (DOGE). Carl Erik Rinsch, who also directed the 2013 action fantasy 47 Ronin featuring Keanu Reeves, allegedly received $55 million from Netflix. However, he has yet to submit one completed episode of the series. According to an…

Unknown holder paid $3.14m in BTC transfer fees, the highest ever recorded

On Nov. 23 an unknown Bitcoin owner sent 139.4 BTC to AntPool, triggering over $3 million in fees. According to journalist Colin Wu, the transaction fee was 83.65 BTC. According to mempool, today bc1qn3d…wekrnl paid a fee of 83.65 BTC (approximately $3.136 million) when transferring 139.42 BTC to bc1qyf…km36t4, and finally received 55.77 BTC. The block 818087 fee was captured by the mining pool AntPool. https://t.co/uZQ1aYfpMB — Wu Blockchain (@WuBlockchain) November 23, 2023 Data from analytics platform Whale Alert shows that the user paid $3.14 million to send the funds.…

Austria’s Raiffeisen Bank to Launch Retail Crypto Trading Services for Customers in Vienna

Raiffeisen Bank will first roll out the services to small-scale customers who can invest as little as one euro in the country’s capital city of Vienna and the historic headquarters of the 97-year-old bank where most residents live. Austria’s financial landscape is gearing up for a major transformation as Raiffeisen Bank International announces the launch of its crypto trading services for retail customers, CoinDesk reported, citing an interview with the company’s head of innovation, Curt Chadha. According to the report, the bank partnered with the Vienna-based digital assets trading platform…

Alchemy Pay bags money services license in Iowa, expands US services

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The Singaporean crypto-fiat payment gateway, Alchemy Pay, announced a further expansion into the United States market on Nov. 23 with the acquisition of its money services license in the state of Iowa.  According to local state regulations, any entity or individual engaged in currency exchange or money transmission business in Iowa must hold such a license. In September, the company received its money transmitter license (MTL) in Arkansas. The company says it has already completed the application for MTL licenses in additional U.S. states and anticipates answers in the coming…

Uniswap’s UNI Rallies and Bitcoin Holds $37K

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Uniswap, a decentralized exchange built on Ethereum, has seen its governance token, UNI, rally over the past 24 hours. UNI climbed over 15%, outperforming the rest of the crypto market. There’s no clear reason for the jump, but it could have something to do with the proposal submitted by StableLab (a governance service provider) that seeks to delegate 10 million UNI from the DAO’s treasury to underrepresented delegates. The proposal is awaiting an on-chain vote. Other altcoins also rallied, including collapsed crypto exchange FTX’s FTT token, which gained 10% on…

$204 Million Token Unlock Could Trigger Price Crash Today

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Token unlocks for cryptocurrencies such as AVAX are not new but that does not negate the kind of impact that these unlocks can have on the price. Depending on the size of the unlock, it could trigger a market crash as millions of new coins roll into circulation and are dumped on retail. This could certainly be the case for AVAX today given the size of the upcoming unlock. AVAX Unlock At $204 Million AVAX’s most recent unlock is about to see a total of 9.5 million tokens being brought…

CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

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Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent.  According to a writ of summons filed in the High Court of Hong Kong and seen by Cointelegraph, CoinFLEX creditors claim that OPNX co-founder and former CEO Mark Lamb is “misappropriating and/or otherwise wrongfully using the assets, human resources, intellectual properties, […] trade secrets and other technologies” of CoinFLEX by diverting them into…