Tag: Million

Bitcoin Hodlers Eye Long Term: $520 Million BTC Moved

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Bitcoin (BTC) danced into uncharted realms this week, breaking barriers with a triumphant surge that pushed its value beyond the $73,000 mark. The cryptocurrency world, once again, finds itself in the midst of a thrilling price discovery phase, propelled by an amalgamation of bullish indicators and a notable shift in investor sentiments. Related Reading: Cardano (ADA) Price Alert: Analyst Predicts 60% Rally In Next 7 Days Big Players Dominate The Crypto Arena This week’s narrative unfolded on a stage dominated by two juggernauts of the financial realm – BlackRock and…

Grayscale outflows continue as Bitcoin Trust sees $494 million withdrawal

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On March 11, Grayscale Bitcoin Trust (GBTC) saw a substantial withdrawal, with $494 million worth of Bitcoin, approximately 6,850 BTC, leaving the fund.  BitMEX Research initially labeled this exodus a record outflow. However, they later clarified that it was a historic high in terms of the Bitcoin price. The assertion from BitMEX faced scrutiny as GBTC had previously seen outflows surpassing $500 million during five days in January and again on February 29.  These figures are part of a broader trend of diminishing holdings for Grayscale, which have declined by…

94 Million XRP Exits Binance As Bulls Reclaim Control, What’s Going On?

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Crypto whale transaction tracker Whale Alerts has revealed various large XRP transactions in the last 24 hours as bullish momentum returns to the market. Interestingly, five of the large transactions in the past 24 hours have come from crypto exchange Binance, with the latest occurring in the past hour. In fact, 94 million tokens were recently transferred from Binance into unknown wallets, prompting investors to contemplate the reasons behind the transfers and possible outcomes. Large Transactions From Binance Data from Whale Alerts reveals that the transfers, worth over $57 million,…

Microstrategy Boosts Bitcoin Holdings to 205,000 BTC After $800 Million Capital Raise

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Microstrategy has bought 12,000 more bitcoins after completing a $800 million convertible note offering. The Nasdaq-listed company now holds a total of 205,000 bitcoins, acquired for an average of $33,706 per coin. The note offering “was well received in the marketplace and upsized to a total of $800 million in aggregate principal amount,” the company […] Original

Turn $1,000 Into $1 Million

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In a post via X (formerly Twitter), crypto analyst cyclop (@nobrainflip) has shared a bold prediction and personal success story with his 370,000 followers. Cyclop revealed a staggering $2.5 million profit from an initial investment of $8,000 within a year, attributing a significant portion of this success to investments in Solana-based meme coins. Cyclop’s statement reads, “I made $2.5 million from $8,000 in a year. Most of the profit was made on $SOL meme coins 3 months ago: x400 on ANALOS, x30 on POPCAT, x8 on SILLY. Solana meme season…

Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority, and the Argentine Fintech Chamber proposed crypto tax exemptions in Argentina. $400 […] Source

Study: Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone

In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted […] Source CryptoX Portal

Total ETH Burned Crosses 1.5 Million Ahead Of Ethereum Dencun Upgrade

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The Ethereum Dencun upgrade is fast approaching and there have already been notable developments leading up to it. Besides the price of ETH rising to new two-year highs, there has been a significant increase in the amount of ETH that has been burned so far. Over 50,000 ETH Burned The Ethereum burn, which was brought with the EIP-1559 upgrade, has been ramping up over the past year. The ETH burned from fees on the blockchain quickly crossed the $100 million mark, and has now climbed to a new milestone. According…

Crypto Analyst Identifies 8 Altcoins To Turn $1,000 Into $1 Million

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Popular crypto analyst on X, cyclop (@nobrainflip) with 346,000 followers made a compelling argument for investors looking to maximize their returns through strategic altcoin investing. With Bitcoin (BTC) making a new all-time high, the focus has shifted to altcoins, which are poised for significant growth in the current bull cycle. According to the analyst, the market moves in a predictable cycle, starting with a surge in BTC and ETH, followed by high-cap altcoins, and finally, the lower-cap coins. “We’re entering a phase where the real growth will be seen in…