Shiba Inu had an increase of 841% in outflows last week, as reported by IntoTheBlock. The Large Holders Outflow feature of IntoTheBlock monitors the withdrawal of funds from the addresses of whales and other significant holders, making it possible to detect panicked selling. Rapid withdrawals from exchanges or sales from
October 28, 2023 2 mins read
In a lawsuit against Genesis Global, crypto exchange Gemini seeks to recover 60 million shares of the Grayscale Bitcoin Trust (GBTC) that were committed as collateral for the Gemini Earn product. To access the funds that were frozen when Genesis temporarily stopped processing withdrawals last year, Gemini has launched an
October 27, 2023 2 mins read
Zodia Markets, a platform for trading and exchanging digital assets backed by Standard Chartered has been granted a Virtual Asset Service Provider (VASP) license by the Central Bank of Ireland. In July 2022, Zodia was approved as a cryptocurrency exchange by the UK’s Financial Conduct Authority (FCA), and in September
October 27, 2023 1 min read
The integration of Chainlink Proof of Reserve (PoR) is something that Backed is pleased to announce. With this feature, users may now verify the collateralization of its tokenized assets in a transparent and trust-minimized manner. Users may rest well knowing that their investments are properly collateralized thanks to Backed’s implementation. With PoR,
October 26, 2023 3 mins read
The U.S SEC filed charges against BlackRock Advisors, LLC today for failing to provide information about investments that make up a substantial component of a publicly listed fund it advises. A notification from the SEC was issued confirming this. The investments are focused mostly on the media and entertainment sector.
October 25, 2023 2 mins read
In light of the recent market upsurge caused by speculation about the launch of a spot BTC ETF, ARK Investment led by Cathie Wood sold shares of the Grayscale Bitcoin Trust (GBTC). The ARK Next Generation Internet ETF (ARKW) sold 100,739 GBTC shares on 23 October for $2.5 million. This
October 24, 2023 1 min read
In association with CoinMarketCap, ChainGPT, the AI infrastructure network for web3, has launched an airdrop. A total of $50,000 in $CGPT tokens will be distributed as part of the program. The campaign is open to up to 10,000 cryptocurrency community members, who will each get a portion of the token
October 24, 2023 2 mins read
Bitget, a crypto exchange and derivatives platform, has released a new wallet service that utilizes multiparty computation (MPC) to enhance security and handling of keys. The platform has used MPC to revamp private key and asset management since releasing their account abstraction wallet service driven by Ethereum scaling protocol Starknet
October 23, 2023 1 min read
Shiba Inu is showing a unique on-chain metric in terms of holdings of its tokens between retail and whale investors. According to statistics compiled by IntoTheBlock (ITB), a cryptocurrency analytics website, 63.48 percent of all SHIB in circulation is held by the largest investors in the market. One address in
October 22, 2023 1 min read
John Deaton, an attorney and cryptocurrency advocate, has said that the ‘Spend The Bits’ protocol on the XRP Ledger (XRPL) is superior to the Lightning Network. Lightning is Bitcoin’s layer-2 scalability solution. Off-chain, peer-to-peer transactions are enabled, which increases Bitcoin’s scalability and efficiency. Deaton announced his status as an angel
October 22, 2023 2 mins read