Bitcoin ‘potentially reached’ local bottom, Bitfinex says
Bitfinex analysts pointed out several reasons suggesting that Bitcoin’s bloodbath should be over soon.
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Grayscale Accumulates 34% of New BTC as Weekly Investments Tag $30 Million
Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months. 2216 Total views 61 Total shares Grayscale Investments, a crypto investment fund manager and subsidiary of Barry Silbert’s Digital Currency Group, is estimated to have purchased up to one-third of all newly minted Bitcoin during the past three…
Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes
An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested in and worked for the scheme.Dunamiscoins Resources Limited opened in Masaka last month and started inviting individuals to invest and become part of its “digital currency network,” independent Ugandan newspaper Daily Monitor reports Dec. 5. The firm’s offices closed…
Buy more Bitcoin, analyst tells institutions as $257M in BTC leaves Gemini
Institutions should start buying Bitcoin (BTC) again, leading analyst PlanB has said as one exchange sees a fresh $250-million withdrawal.In a tweet on Tuesday, PlanB argued that conditions were now right for buyers to continue accumulating BTC with confidence.PlanB: “Probably time” for Q2 buyingBTC/USD had seen a lack of momentum over the weekend, culminating in…
Lido launches institutional-grade liquidity staking solution
The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.
Exchanges running out of ETH with reserves plunging 27% in 48 hours
Analysts predict Ether may soon hit a new all-time high after ETH reserves on centralized exchanges fell by 27% in two days. 3489 Total views 22 Total shares The amount of Ether held on exchanges has plunged over the past two days, with CryptoQuant data indicating that just 8.1 million ETH is currently sitting in…
Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020
One of the largest Bitcoin purchases in 2020 took more than five days to complete. 2549 Total views 15 Total shares Coinbase, the United States’ largest cryptocurrency exchange, announced that itfacilitated one of the largest institutional Bitcoin (BTC) purchases in 2020.According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s…
Marathon Digital enters renewable energy partnership with Kenyan gov’t
Marathon Digital, one of the world’s leading Bitcoin mining operations, announced a collaboration to overhaul Kenya’s renewable energy sector.
Worldcoin beefs up security by open-sourcing biometric data system
Worldcoin Foundation open sources a secure multi-party computation (SMPC) system to enhance biometric data protection and confirmed that users can now securely delete old iris codes.