Day: December 1, 2023

Starknet token distribution not yet finalized despite speculation over portal screenshots

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The Starknet Foundation has moved quickly to quash speculation around screenshots of early iterations of a distribution portal for the upcoming launch of its native STRK ecosystem token. Information shared with Cointelegraph ahead of an announcement on X (formerly Twitter) outlined that the foundation is still developing plans to distribute the token to certain users, contributors and investors. The Ethereum layer-2 scaling network previously outlined initial plans for the Starknet token design in July 2022. We have seen that a preview of an iteration of a possible provisions portal has…

Bitcoin Wallets | How Do Bitcoin Wallets Work?

You know how some people say the hardest part of University is actually graduating and putting your degree to the test? Well, Bitcoin is kind of like that. An individual can learn and master all of the digital currency’s basics, but it is an entirely different story when venturing out to get your “hands” on some bitcoins. But don’t worry – this guide will tell you everything you are going to need to know. The Facts Perhaps the most important thing for a potential bitcoin investor to know is that…

Shiba Inu Sees Massive $300 Billion Transfer

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Surprisingly, unknown whales have managed to move 300 billion Shiba Inu tokens from Binance in one big swoop. The reason for such a significant transfer is questionable given the sheer size of this token migration. Everyone in the cryptocurrency community is wondering who the address owner is and what they’re up to after this unusual move sent shockwaves across the ecosystem. Examining the wallet’s past activity in more detail indicates a pattern of major purchases from Binance that occurred over a few weeks prior to this noteworthy transfer. Shiba Inu…

Bitcoin Futures And The Bitcoin Market

Bitcoin futures began officially trading on Sunday, December 10, 2017, first by the Chicago Board Options Exchange and, at a later date, by the Chicago Mercantile Exchange. There was a lot of debate about what Bitcoin futures would do to the market, but before we can get into that, it’s important to understand what Bitcoin futures are. What are futures? ‘Futures’ are an agreement to buy and sell Bitcoin by a certain date. This is so regulators, in this case, the Commodities Futures and Trade Commission, can oversee anything going on in…

FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute

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Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies. Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities transferred $551 million since Oct. 24 using 59 different cryptocurrency tokens. #FTX and #Alameda moved out $10.8M worth of 8 assets to #Wintermute, #Binance, and #Coinbase in the past 11 hrs: 10M $GMT ($2.58M)407K $UNI…

Circle Denies Allegations that USDC Was Used to Fund Terrorism and Money Laundering

Circle Chief Strategy Officer and Head of Global Policy Dante Disparte wrote a formal letter to Senators Sherrod Brown and Elizabeth Warren to refute claims that USDC has been used for funding the Hamas terror group. After the United States Department of Treasury caught up with Binance Holdings Ltd, and its former CEO Changpen Zhao (CZ) in a historic settlement, speculation on the next in the regulator’s pipeline has heightened in the past few weeks. Moreover, Binance was nailed on charges of aiding global terrorism and enabling mainstream money laundering.…

Coinbase-backed bitsCrunch Announces Two-Week Registration for Community BCUT Token Sale on CoinList

The BCUT token sale will begin on December 14, 2023, via CoinList with up to 65 million tokens up for grab at discounted prices. BitsCrunch network, a decentralized artificial intelligence (AI)-enhanced data ecosystem that delivers multi-chain forensic analytics to DeFi developers, has opened a short window for the registration of the BCUT token community sale. According to the announcement, the bitsCrunch network will be conducting its BCUT token community sale on the CoinList protocol beginning on December 14, 2023, at 17:00 UTC. As a result, early investors have been notified…

Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift

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Celsius Network, a cryptocurrency lending platform, might need to secure a fresh vote from creditors for its planned shift to a Bitcoin mining venture, as a U.S. bankruptcy judge suggested in a recent court session. The crypto lender provided details on Thursday, Nov 30, of its plan to only mine Bitcoin when it emerges from bankruptcy, a scaled-down business that reflects guidance from regulators. According to a report, Judge Martin Glenn, responsible for Celsius Network’s Chapter 11 proceedings, voiced displeasure on Thursday, Nov 30, regarding the abrupt change, emphasizing his…

Tiger Global marks down stakes in BAYC and OpenSea: Report

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Investment firm Tiger Global has reportedly marked down several investments, including stakes in popular nonfungible token (NFT) projects like the Bored Ape Yacht Club (BAYC) collection and NFT marketplace OpenSea.  Citing anonymous sources, media outlet Bloomberg reported that the investment company marked down its stakes on BAYC by 69% and on OpenSea by 94%. In addition, the company also slashed valuations for multiple other portfolio companies, according to the report. Cointelegraph reached out to Tiger Global for comments but did not get an immediate response.  Tiger Global has been actively investing…