Tag: Million

Worldcoin Faces $1.2 Million Fine In Argentina For Law Violations; WLD’s Price Reacts

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In recent months, Sam Altman’s open-source protocol Worldcoin (WLD) has faced increasing legal challenges as Portugal and Spain cracked down on its biometric data collection practices. Argentina has joined the list, issuing an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts.  Worldcoin Faces Legal Scrutiny In Buenos Aires Buenos Aires authorities have identified discrepancies between Worldcoin’s reported data handling practices and findings from provincial inspections, raising concerns about the storage and deletion of biometric data and potential infringements on user rights. The Ministry of Production, Science, and…

Monday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs

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On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells Off Since the trading […] Original

Drift Foundation Announces 100 Million Token Airdrop for Solana-Based Dex Users

On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift decentralized autonomous organization (DAO). Solana-Based Dex Platform Drift to Distribute Governance […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Arbitrum’s Massive $107 Million Token Unlock Threatens To Send Price Below $1

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Arbitrum (ARB) runs the risk of a significant price decline due to its upcoming token unlock on April 16. These token unlock events are known to be a recipe for high volatility because of what could happen in the aftermath of their occurrence.  $107 Million Arbitrum Tokens Set To Be Unlocked Data from TokenUnlock shows that 92.65 million Arbitrum tokens (3.49% of its circulating supply) are set to be unlocked on April 16. 56.13 million ($65.10 million) of these tokens will be distributed to the team, future team, and advisors,…

Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy

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According to the on-chain analysis platform Lookonchian, a long-dormant Bitcoin (BTC) wallet dating back to April 2010, recently transferred 50 BTC, equivalent to $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives As reported by Lookonchian, 50 BTC mined over 14 years ago, when each block reward was 50 BTC, was divided into two transactions: 17 BTC ($1.1 million) for one wallet and 33 BTC ($2.2 million) for another. The recipient wallet receiving 17 BTC has shown patterns of frequent transactions, possibly indicating its association with a cryptocurrency exchange,…

Worldcoin Faces Over $1 Million in Fines in Buenos Aires for Legal Violations

Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million […] Source CryptoX Portal

Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming?

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Dogecoin has been one of the best performers over the past year, consistently holding up gains even through market dumps. However, after the meme coin’s rally in March and then the subsequent dump in April, it looks like investors, especially whales, are finally getting ready to start taking profit. This is evidenced by a number of large DOGE transactions that were flagged going into exchanges over the last day. Dogecoin Whales Move 800 Million DOGE To Exchanges The movement of coins to centralized exchanges can be very bearish for the…

DOGE Price Set For Rebound? Whale Moves $26 Million In Dogecoin Off Robinhood

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The price of Dogecoin has been experiencing a significant amount of bearish pressure in the past few days. This recent decline coincides with a general market downturn, which has seen other large-cap assets like Bitcoin and Ethereum tumble with notable losses. However, the meme coin’s price might not be down for too long, especially after a major investor executed a massive transaction off a centralized exchange. The transfer, which an on-chain data tracker flagged, has sparked speculations in the DOGE community and could be bullish for the meme coin’s price.…

Bitcoin, Altcoins Price Decline As Crypto Liquidations Approaches $900 Million In The Past Day

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The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets. Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as $66,052. As expected, BTC’s decline reverberated through the market, with…

5 Million Long-Term Holders Signal Major Market Shift

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Recently, reports from IntoTheBlock revealed that the Litecoin (LTC) network has exceeded five million long-term holders. This achievement represents approximately 62.5% of all LTC addresses with a balance, underscoring Litecoin’s widespread adoption and long-term viability within the crypto community. Rising Long-Term Holder Trend Signals Optimism  The surge in long-term holders has been particularly noticeable in recent months, underscoring a growing inclination towards holding LTC for quite a long time. In February’s closing days alone, the number of long-term holders soared by 170,000, signaling robust investor confidence in Litecoin’s long-term prospects.…