Day: January 6, 2024

Akash (AKT) spiked 41% this week, 1,400% over the past year

Amid cryptocurrency ups and downs, Akash Network’s native token, AKT, has experienced a noteworthy surge of over 40% in the past week.  Akash Network (AKT) is trading at $3.20 representing almost 15% increase in the last 24 hours and an impressive leap of 41% over the past week, with a market cap of over $718 million, per data from CoinGecko.  In the space of one year, AKT displayed a phenomenal gain of more than 1,400%, demonstrating strength. As soon as AKT surged, its social dominance has also seen a significant…

Unidentified wallet sends $1.2m BTC to Satoshi Nakamoto

An unidentified individual initiated a transaction on Jan. 5, depositing 26.9 BTC, valued at approximately $1.19 million, into the Genesis wallet — the first wallet ever created on the Bitcoin (BTC) network by the pseudonymous entity known as Satoshi Nakamoto. This transaction occurred at 1.52 AM ET, two days after Bitcoin celebrated its 15th anniversary, and was noteworthy because it was impossible to retrieve.  On-chain analytics platform Arkham Intelligence reported that before depositing the Bitcoins into the Genesis wallet, the mysterious wallet’s owner funded it through intricate transactions involving diverse…

Mango Markets allocates $250k to tackle regulatory inquiries

Decentralized exchange Mango Markets is responding to scrutiny from U.S. regulatory bodies by allocating $250,000 worth of USD Coin (USDC) to its course. This move comes on the heels of recent woes, including a hack and ongoing legal proceedings that have led the DAO, or decentralized autonomous organization, to hire an intermediary who will guide the project through its regulatory battles. Allocating resources for a solution Mango Market’s DAO is responding to regulatory inquiries by approving a budget of $250,000 in USD Coin (USDC). This allocation, set for approval on…

Crypto Analyst Predicts Dramatic Rise In Cardano (ADA) Price, Here’s The Target

boss

Crypto analyst Guy Turner has predicted that Cardano (ADA) could experience a significant price surge soon enough. The analyst also gave an insight into what price levels the crypto token could hit when this happens.  Cardano To Rise To $1 In a video posted on his YouTube channel, Turner mentioned that ADA could rally to as high as $1 as that is the next significant level of resistance. The analyst’s projection is based on the fact that ADA’s weekly chart suggests that the crypto token is in the process of…

Better Markets CEO urges SEC to reject spot Bitcoin ETFs

boss

Dennis M. Kelleher, co-founder and CEO of Better Markets, wants the U.S. Securities and Exchange Commission (SEC) to reject all applications for spot Bitcoin exchange-traded products (ETPs).  In a Jan. 5 letter to the SEC, Kelleher argued that the approval would expose millions of American investors to fraud and manipulation, which the SEC is mandated to prevent, leading to “massive investor harm.” He expressed his fears in the context of a recent report by blockchain security firm Scam Sniffer that revealed more than 324,000 crypto users fell prey to fraud…

DCG pays $1b in short-term loans, Genesis gets $700m

In a significant move towards financial stability, Digital Currency Group (DCG) announced that it completed the payoff of all short-term loans, totaling over $1 billion. Genesis received some $700 million of that sum. DCG — a major player in supporting emerging financial systems — plans to forge ahead as it pledges dedication to financial obligations. Last month, DCG founder Barry Silbert stepped down from the Grayscale board. The move preceded expectations of a decision on a spot Bitcoin ETF from the U.S. Securities and Exchange Commission (SEC). Silbert’s resignation, disclosed…

VanEck’s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up

boss

VanEck’s Head of Research, Matthew Sigel, recently hinted that the Spot Bitcoin ETF of the world’s asset manager, BlackRock, could see a record-breaking amount of inflows upon launch. This comes as an approval order by the Securities and Exchange Commission (SEC) looks imminent.  BlackRock’s Bitcoin ETF Could See Inflows Of Over $2 Billion Sigel mentioned on an X (formerly Twitter) space hosted by the media platform, The Block, that he heard from a reliable source that BlackRock has “more than $2 billion lined up in week one.” This investment capital…

CoinsPaid gets hacked again, more than $7m goes missing

CoinsPaid, an Estonian crypto-payments service provider, fell victim to a cyberattack on Friday, Jan. 5, resulting in the theft of roughly $7.5 million in cryptocurrency on the Binance (BNB) and Ethereum (ETH) chains. Real-time security alerts from the Cyvers platform reported the breach via its social media account on X. This isn’t the first time hackers have stolen money from CoinsPaid. Recall how, in July 2023, the company suffered a breach that saw $37.3 million get stolen. The company compensated customers from its reserves. It is unknown who is responsible…

Cardano Surges 245% In Development Activity, Whale Buying Appetite

boss

According to the latest findings from CryptoDiffer, Cardano (ADA) has significantly outpaced Ethereum (ETH) in terms of average daily developer activity on GitHub over the past month. The data indicates that Cardano has surged ahead with a remarkable 245% lead over Ethereum in this crucial metric. The average daily GitHub commit size for Cardano stands at nearly 450, showcasing a robust and active development environment that is setting a new standard in the blockchain space. Cardano Surges, Dominates GitHub Developer Activity This notable lead by Cardano in developer activity underscores…