Movements of bitcoin cash BCH$483.28 took place amid the mysterious transfers of $8.5 billion worth of ‘Satoshi-era’ bitcoin late Friday. Conor Grogan, a director at Coinbase, flagged a suspicious BCH transaction of over 10,000 tokens (worth nearly $5 million at current prices) tied to one of the whale wallets hours before the main transfers began.
Cryptocurrency information platform BBX has launched a new data platform on publicly traded crypto-related companies operating globally. According to the platform, currently 66 public companies hold a total of 12 different cryptocurrencies as strategic reserves. The total market value of crypto concept stocks has reached $2.18 trillion. According to the data, institutional Bitcoin reserves currently
Famed British cypherpunk Adam Back has opined that Bitcoin’s market cap should be around $200 trillion. The prediction is, of course, seemingly unrealistic given that the S&P 500, which represents the 500 largest US companies combined, is worth $40 trillion. It accounts for around 40% of the global stock market. Gold, the main safe-haven asset,
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Standing outside the Clase Azul loft in downtown Brooklyn, I called my mother to inform her I had just spent $2,000 on a bottle of tequila. “Are you drunk?” came her stunned reply. Reader: I was not drunk. I was investing. Two
Taiko, an open-source and Ethereum-equivalent ZK-Rollup to scale the Ethereum ecosystem, has started a new partnership with Nethermind, a software and research company. The collaboration focuses on establishing a resilient infrastructure to drive the rollup ecosystem. The platform provided the details of this partnership on social media. Taiko x Nethermind: Building to Empower the Based
In a move that has captured the attention of the cryptocurrency world, South Korea-based metaverse platform Bitmax has announced a dramatic increase in its Bitcoin holdings. Since the start of the year, the company’s BTC reserves have surged nearly sevenfold, now standing at approximately 349.19 BTC, according to recent reports from Newsis. This impressive accumulation
On Friday, July 4th, the crypto market experienced a sudden sell-off following a 2% intraday loss in the pioneer cryptocurrency, Bitcoin. This selling pressure can be attributed to market speculation and uncertainty, as some OG Bitcoin whales moved a substantial 80,000 BTC after being dormant for 14.3 years. Despite sentiment pressure, this downtick invalidated a