Altcoin News

FTX hacker’s wallet stirs as Ethereum ETFs prepare for US debut

• by admin
• October 1, 2023

The data reveals two transactions where the exploiter moved 2,500 ETH, each valued at $4 million. News Almost a year after the FTX hack of $600 million in tokens, on-chain data revealed recent activity in the perpetrator’s wallet, identified as 0x3e957, on Saturday, Sept. 30, 2023. This is occurring closely to the launch of Ethereum-based […]

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AI tech boom: Is the artificial intelligence market already saturated?

• by admin
• October 1, 2023

The AI sector has seen rapid investment over the last two years, but does that mean the market is overheated? Analysis From voice assistants to algorithms predicting global market trends, artificial intelligence (AI) is seeing explosive growth. But as with any emerging technology, there comes a point where innovation risks giving way to oversaturation. The […]

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Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode

• by admin
• September 28, 2023

Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm. News Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin BTC $26,404  monetary transfers. “There is […]

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Cricket World Cup to feature Web3 fan app as ICC taps into Near blockchain

• by admin
• September 28, 2023

The International Cricket Council will leverage Near’s Blockchain Operating System to power a Web3 fan engagement app during the 2023 Cricket World Cup in India. News The International Cricket Council (ICC) has partnered with Near Foundation to build a blockchain-powered Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to […]

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Hashkey HK opens AVAX trading with $1M portfolio requirement

• by admin
• September 28, 2023

Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong. News Hong Kong crypto exchange Hashkey, the first to receive a retail crypto license in the special administrative region (SAR), will open trading on its platform for Avalanche’s AVAX AVAX $9.06 . However, there is a […]

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US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’

• by admin
• September 27, 2023

The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. News The Federal Reserve Banks of Boston and New York published a staff report on Sept. 26 comparing stablecoins, such as Tether USDT $1.00 and USD Coin USDC $1.00 , to money market funds. Key findings in the report include […]

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Former White House official will lead Ripple’s policy and government arm

• by admin
• September 27, 2023

Ripple’s newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom and Lyft following six years in government. News Lauren Belive, a former official with the White House’s Office of Legislative Affairs and policy director with the United States House Committee on Rules, has joined crypto firm Ripple as its […]

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Crypto investment firm CoinShares opens hedge fund division for US investors

• by admin
• September 26, 2023

CoinShares’ subsidiary and broker-dealer registered with FINRA will be conducting marketing activities for the new hedge fund division in the United States. News Major European cryptocurrency asset manager CoinShares is launching a hedge fund division in the United States despite the country’s tough crypto regulation climate. CoinShares officially announced the news on Sept. 22, stating […]

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Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends

• by admin
• September 26, 2023

The amount of unclaimed Arbitrum tokens accounts for 0.69% of ARB’s total supply of 10 billion. News Arbitrum, a major layer-2 scaling solution for the Ethereum blockchain, has officially added the unclaimed tokens from its airdrop to its treasury. The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to its decentralized autonomous organization (DAO), […]

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FTX’s former external legal team disputes involvement in fraud allegations

• by admin
• September 25, 2023

In a recent court filing, a United States law firm that had previously offered services to FTX challenged allegations of assisting Sam Bankman-Fried in his alleged unlawful activities. News A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit that claims the law firm assisted in the […]