Bitcoin whales are moving their digital assets from crypto exchanges to wallets. According to the latest data published by Glassnode, a leading on-chain analytics platform, the overall Bitcoin balance on crypto exchanges has reached its lowest level since February 2018. Crypto exchanges now have 13.1% of the total circulating Bitcoin supply. The latest plunge came after crypto whale addresses moved […]

Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future. Wood’s prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark […]

A veteran government employee has been arrested on charges of illegally engaging in block reward mining using work equipment. The man allegedly cost the New York State government up to $6,000 over his activities and could be jailed for as long as 15 years in connection with his crimes. Christopher Naples was an information technology supervisor at the country clerk’s […]

Australia-headquartered Vantage FX has continued its expansion in the APAC region, most recently with the appointment of Eoh You Loong as the Regional Strategy Director. According to the press release shared with Finance Magnates, You Loong will be responsible for building strategic plans to increase Vantage FX’s client numbers and revenues. He will further work on offering proposals to existing […]

Key Takeaways Gary Gensler of the SEC attended a Senate hearing on cryptocurrency and exchange regulation today. Senator Elizabeth Warren asked Gensler about the difficulty of withdrawing crypto during exchange outages. Senator Pat Toomey asked Gensler about the SEC’s unclear stance on whether stablecoins are considered securities. Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, attended a Senate […]

Argo Blockchain – a crypto mining company stationed in London – has borrowed more than 18 million pounds from Galaxy Digital, the hedge fund run by crypto mogul and billionaire investor Mike Novogratz. The purpose? To establish a new mining project in Texas that runs entirely on green energy. Argo Blockchain Has Set Its Sights on Texas The argument for […]

Jaylen Clark – a college basketball player at UCLA – has become the first college sports player to release his own cryptocurrency. Clark Makes Crypto – and Sports – History Known as $JROCK, the product was announced last Thursday to approximately 22,000 followers on YouTube and nearly 60,000 fans on Instagram. Those following Clark and his sports career will have […]

Making its way up to the higher levels of its current range, Bitcoin records a 5.6% profit in 24 hours. BTC’s price took a heavy loss, as the implementation of its legal tender status in El Salvador became a “buy the rumor, sell the news” event. At the time of writing, the first cryptocurrency by market cap trades at $46,529 […]

The Solana Foundation reported that the high-throughput blockchain was experiencing “intermittent instability” earlier today. Meanwhile, the Ethereum Layer Two solution Arbitrum is also down.  Solana, Arbitrum Face Network Issues  Solana and Arbitrum are down.  Solana Status, a Twitter page run by the Solana Foundation, posted an update reporting that the issue had been ongoing for 45 minutes at 12:38 UTC […]