The Winklevoss donations to Trump 47 join similar maxed-out contributions from Jeffrey Sprecher, the founder, chairman, and CEO of Intercontinental Exchange, and his wife Kelly Lynn Loeffler, a former U.S. senator and CEO of Bakkt; Joe Ricketts, the founder and former CEO of TD Ameritrade; and Robert Bigelow, who owns Budget Suites of America and founded the now-defunct Bigelow Aerospace. Source
The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph […] Source CryptoX Portal
Binance, the world’s largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit announced Thursday. Source
Cryptocurrency exchange Kraken has announced that it has fallen victim to a major security flaw that has resulted in the theft of $3 million worth of digital assets. However, in a surprising turn of events, the party responsible has been identified as CertiK. This blockchain security firm claims to have initially reported the bug through Kraken’s bug bounty program. CertiK is now accused of exploiting additional vulnerabilities and extorting the exchange for more money, leading to calls for legal action and concerns among crypto investors. Kraken Security Flaws Exposed The…
Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month. Publicly Listed Miner Cleanspark Obtains 5 New Mining Facilities The newly acquired sites, which range from […] Original
Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively. These outflows come amidst a corresponding drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto Funds Bleed Largest Since March, With Bitcoin In The Lead…
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow According to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs […] Original
The Ethereum Foundation is again in the news following its recent transaction involving millions of Ethereum (ETH) tokens. The non-profit organization’s Ethereum transactions are always significant, considering the impact they usually have on the second-largest crypto token. Ethereum Foundation Transfers $64.4 Million Worth Of ETH Crypto journalist Colin Wu revealed in an X (formerly Twitter) post that a wallet (0x8e…D052) linked to the Ethereum Foundation transferred 18,089 ETH ($64.4 million) to a new address (0x87…D812). On-chain data shows that the new address has yet to transfer these funds and that…
This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown Blockchains by NFT sales volume | Source: CryptoSlam The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of…
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […] Source CryptoX Portal