A passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and exploring what is happening in world.
Galaxy Digital, an investment firm founded by Mike Novogratz, has purchased a huge quantity of Ethereum (ETH) from two major crypto exchanges, Coinbase Prime and Binance. The transaction, worth about $76 million, shows Galaxy Digital’s bullish outlook on Ethereum and its future potential. Galaxy Digital withdrew around 26,000 ETH from
February 20, 2024 2 mins read
Coinbase Global (COIN), the Nasdaq-listed cryptocurrency exchange, saw one of its largest institutional supporters, ARK Invest, sell about $90 million worth of its shares on Friday. This happened after the exchange posted strong fourth-quarter earnings that led to several analyst upgrades. Coinbase shares surged nearly 27% to $180.31 last week,
February 19, 2024 1 min read
Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level
February 19, 2024 2 mins read
FixedFloat, a decentralized crypto exchange, has confirmed a hack that resulted in the theft of at least $26 million worth of Bitcoin and Ether. Since February 17, a number of users have complained on the exchange’s X page about stalled transactions and funds being lost. Shortly after it was originally
February 18, 2024 2 mins read
Crypto-related VC funding increased to $1.9 billion in the fourth quarter of 2023, a 2.5% rise from the previous quarter. This is the first time since March 2022 crypto-related VC funding has increased. This increased interest in crypto funding is due to the launch of the first spot Bitcoin ETFs
February 18, 2024 2 mins read
Ethereum staking value has hit a new record of $110 billion as the number of ETH locked in the Beacon Chain has reached an all-time high. The network has also grown after the Shapella Upgrade that enabled access to staked ETH. The price of Ethereum has hit $2,848.93, a multi-year
February 15, 2024 2 mins read
EigenLayer, a protocol that allows validators and stakers to restake liquid staking derivative tokens on Ethereum, has witnessed a massive growth in its total value locked (TVL), reaching $6.99 billion on Feb. 15. EigenLayer has overtaken JustLend, a cryptocurrency lending protocol, and become the fourth-largest restaking protocol by TVL. EigenLayer’s
February 15, 2024 2 mins read
IBIT, a Bitcoin exchange-traded fund (ETF) by BlackRock, has reached a historic milestone by holding 100,000 BTC under its management. It is the first Bitcoin ETF in the US to trade such a large amount of Bitcoin, indicating the growing institutional confidence in Bitcoin as an asset class. iShares Bitcoin
February 14, 2024 2 mins read
Japan’s peer-to-peer (P2P) crypto market may face a new obstacle because of the country’s financial regulator and police agency. They have suggested banks stop transfers to crypto platforms if the sender’s name does not match the account name. The Financial Services Agency (FSA) and the National Police Agency (NPA) have
February 14, 2024 2 mins read
The Crypto Fear and Greed Index, a tool that measures the mood of cryptocurrency investors, has soared to its highest level since Bitcoin hit its all-time high of $69,000 in November 2021. The index tracks various indicators that affect the behavior of crypto traders and investors, such as Google Trends,
February 13, 2024 2 mins read