On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
April 3, 2024 1 min read
System and Organization Controls 2 (SOC) audits are the pinnacle of security compliance, and Tether has revealed that they have successfully completed one. The AICPA (American Institute of Certified Public Accountants) created the audit. According to a statement made by Tether CEO Paolo Ardoino on April 1, the audit highlighted
April 2, 2024 1 min read
Grayscale Solana Trust (GSOL) value has skyrocketed, showing that institutional investors are more optimistic about Solana (SOL). The Coin Bureau’s CEO and co-founder, Nic Puckrin, brought attention to this inclination in particular. He took note of the premium that GSOL shares trade for compared to SOL’s current pricing. Incredibly, GSOL
April 2, 2024 1 min read
In a post on X (previously Twitter) on Friday, Grayscale announced the establishment of a “dynamic income fund” that would invest in proof-of-stake tokens. The fund, which goes by the ticker symbol GDIF, is reserved for authorized investors who have a net worth of $2.2 million or more, according to
March 30, 2024 2 mins read
Crypto exchange Coinbase has received USDC worth $1.4 billion, thanks to the current upswing in the crypto market. The on-chain crypto analytics company CryptoQuant reports that Coinbase had the largest influx of USDC stablecoin assets, valued at $1.4 billion. The specifics of the transfers are still murky, but market experts
March 29, 2024 2 mins read
In a statement published on the exchange’s blog on March 27, crypto exchange KuCoin’s CEO Johnny Lyu announced that the exchange would be holding an airdrop of Bitcoin and its native KuCoin (KCS) token valued at $10 million. The announcement follows two days after the exchange and two of its
March 28, 2024 2 mins read
Users of the OKX exchange have reported that their cryptocurrency accounts were showing an incorrect amount due to an API error. Some OKX users’ balances showed zero dollars, while others displayed tens of millions of dollars, according to a report on X from Wu Blockchain. It seems that thousands of
March 28, 2024 2 mins read
Tether, the issuer of USDT, has said that it is attempting to increase its AI competencies by establishing an AI division. Tether is on the hunt for “top talent” in artificial intelligence, the company said Tuesday. The company announced its intention to lead the way in developing open-source, multimodal AI
March 27, 2024 1 min read
Regulators in Portugal have spoken out against Worldcoin, Sam Altman’s artificial intelligence (AI) cryptocurrency project, and are investigating its data collecting efforts throughout the country. This is a major setback for the project. This setback experienced by a prominent AI-based cryptocurrency project quickly captured the attention of the whole globe,
March 27, 2024 1 min read
Bitcoin (BTC) accumulation is showing resurgence and has caused the supply of Bitcoin on crypto exchange Coinbase to hit a nine-year low and recapture the $70,000 threshold. On March 25, Bitcoin reached its highest point since March 15 as it recovered the $70,000 level, according to statistics from CoinMarketCap. In
March 26, 2024 1 min read