Grayscale’s Bitcoin Trust (GBTC) moved more than 19,000 bitcoin (BTC) from its publicly known wallet Wednesday morning. Since the spot bitcoin ETFs opened for business on Jan. 11, Grayscale has now moved nearly 113,000 bitcoin from its wallet, the overwhelming majority of which was to Coinbase Prime in preparation for sale, according to data compiled from Arkham. Original
Yesterday, the cryptocurrency market went through a tumultuous ride, witnessing an overall dip of 5%. However, amidst the chaos, one token stood out: OKB, the native token of the OKX exchange. It experienced a dizzying flash crash followed by a remarkable recovery, leaving investors shaken yet surprisingly hopeful. In a span of 30 minutes, OKB plummeted from $51.99 to a mere $39, causing widespread alarm. The sudden drop triggered a series of liquidations, resulting in a staggering $760 million loss in market value. OKB Crash: 25% In Value Gone In…
The hack is a major financial setback for weeks-old Saga DAO, which at the moment is mostly a Discord server where Saga owners talk about the perks their phones are receiving, including free tokens and NFTs. Saga DAO’s lost SOL came from its selling of a “pre-launch shitcoin” it had received less than a week ago, according to posts in its Discord. Source
Telefónica customers will be able to tap into Helium’s mobile hotspots with the intention of improving mobile coverage using data sharing, according to a Helium blog post. The publicly traded telecom giant, with more than $20 billion market cap, has 383 million customers and operates in Europe and Latin America. Source
Osborn said Dialect’s bot takes a conversational approach to trades. It’s programmed to react to direct orders – “buy,” “sell,” “swap” and “info” – with a pop-up user interface that outlines exactly what’s about to be traded, and at what price. It consults ChatGPT to figure out what it’s supposed to do when orders don’t match the commands. Source
Several analysts have given their opinion on what lies ahead for Solana (SOL). Based on their prediction, the crypto token could experience a further move to the downside as part of a price correction that seems overdue following its parabolic rise back in 2023, when it saw a gain of almost 1,000%. SOL Could Drop To As Low As $70 Crypto analyst Bluntz Capital suggested in an X (formerly Twitter) post that Solana could drop to as low as $70. From the chart that he shared, he looked to be…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After a drastic market pullback this month, Avalanche and Solana have begun to recover, adding 7.24% and 6.48%, respectively. Meanwhile, Bitcoin Minetrix is also gathering momentum as its presale exceeds $9.1 million. Avalanche and Solana rising The wave of interest in Avalanche and Solana resulted from their teams exploring different blockchain use cases. Over the past hour, Avalanche has seen a 0.82% rise, while it is also up 7.24% in…
Texas-based Bitcoin mining company Core Scientific has resumed trading on the Nasdaq today, following the firm’s restructuring process after declaring bankruptcy in 2022. In a statement issued on Jan. 23, the crypto miner stated that its restructuring plan enabled a $400 million debt reduction through the conversion of debts from equipment lenders and convertible note holders into equity. Core Scientific also outlined additional strategies to diminish its debt further, which include the conversion of remaining convertible debt, the exercise of warrants by investors, and the utilization of available cash for…
We analyzed some of the top cryptocurrency startups of 2024 and their achievements. In 2023, the crypto market saw a notable turnaround, with its market cap increasing by 109%. This surge was largely driven by the first and fourth quarters of the year, buoyed by the anticipation of Bitcoin ETF approvals and the upcoming Bitcoin halving. Amid this, the global economic environment, characterized by decent GDP growth and moderate inflation rates, further fostered a positive atmosphere for crypto investments. Web3 cryptocurrency startups gathered significant attention, attracting 1173 investments of $9…
Within 72 hours of its presale launch on the 17th of January, Bitbot raised an incredible $300,000. Bitbot aims to lead the market for Telegram trading bots, a rapidly growing segment of the trading app market that has seen a considerable $7 billion in lifetime trading volume. Telegram trading bots let traders manage a cryptocurrency trading portfolio within Telegram’s app. In practice, this means those investors with heavy telegram usage, which of the 800 million active Telegram users is substantial, no longer need to operate across two applications to manage…