Tag: Million

Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day

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On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT. The “Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given asset entering or exiting the wallets associated with centralized exchanges. When the value of this…

Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin

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Este artículo también está disponible en español. XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday. The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon. Ripple RLUSD Stablecoin Launches Amid Price Volatility RLUSD is designed to maintain a stable value in line with the US dollar and is compatible with both the Ethereum (ETH) blockchain and the XRP Ledger (XRPL), the latter being…

Zachxbt Ties $12.38 Million Crypto Drain to Lastpass Breach; 100 Victimized Wallets

A blockchain detective has dropped a bombshell update: hackers linked to the infamous 2022 Lastpass breach have drained a staggering $12.38 million in cryptocurrency from over 100 victimized wallets, marking a significant escalation in this ongoing security saga. Blockchain Sleuth Uncovers Millions in Crypto Stolen Post-Lastpass Hack According to blockchain investigator Zachxbt, the total theft […] Source CryptoX Portal

Metaplanet Issues $30 Million Zero-Interest Bonds to Accelerate Bitcoin Purchase

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Metaplanet doubles down on bitcoin with Japanese investment firm issuing new bond series to purchase more bitcoin. Bitcoin is Metaplanet’s Favorite Asset Metaplanet, a Japanese investment firm has announced the issuance of new ordinary bonds worth $30 million (¥4.5 billion) with a specific goal to accelerate the company’s acquisition of bitcoin. This is the fourth […] Original

Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance

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Este artículo también está disponible en español. The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher. With the possibility of more sell-offs, Ethereum could see its price crashing down if Sun decides to dump more coins.  Justin Sun Dumps…

800 Million XRP Moves Off Exchange: Bull Run Ahead?

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Recently, a significant movement of 800 million XRP tokens from exchanges has caught the attention of the cryptocurrency community. This large-scale transfer could have substantial implications for XRP’s market dynamics. The move, facilitated by the NBTC, has sparked discussions about the potential for a bullish trend soon. Overview Of The XRP Movement The transfer of 800 million XRP tokens occurred over a short period, raising eyebrows among analysts and investors. The XRP was moved from several major exchanges to unknown wallets, suggesting a strategy to hold the tokens rather than…

Semler Scientific Acquires Another 211 Bitcoin for $21.5 Million, Raises Holdings to 2,084 BTC

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The addition of 211 bitcoin has seen Semler Scientific double its bitcoin balance in Q4 alone, raising its bitcoin yield to 92.8%. Semler Makes Another Addition to Growing BTC Balance Semler Scientific has announced another purchase of 211 bitcoin for $21.5 million. According to a Dec. 16 press release, Semler purchased the additional bitcoin with […] Original

Kraken Slammed With $5.1 Million Fine for Regulatory Breach in Australia

An Australian court fined Kraken $5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian customers.” The penalty concludes […] Source CryptoX Portal

ETFs Maintain Strong Rally With $598 Million Inflow for Bitcoin and $274 Million Inflow for Ethereum

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U.S. spot bitcoin and ethereum ETFs enjoyed another positive inflow day bringing in $597.57 million and $273.67 million respectively. Bitcoin and Ethereum ETFs Continue Momentum with Solid Inflows Bitcoin and ethereum exchange-traded funds (ETFs) maintained their inflow streak with another day of solid inflows into both ETFs. According to metrics from sosovalue, inflows totaling $597.57 […] Original