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Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether

[Aug 5, 2023 11:30 AM] A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with…

Nearly 80,000 Dormant Ether ICO Tokens Awaken in 2023, Including 61,216 ETH Transfer to Kraken

[Jul 19, 2023 12:32 PM] Based on onchain metrics, a dormant wallet containing 61,216 ether acquired during the initial coin offering (ICO) has recently transferred the cryptocurrency after lying idle for a span of eight years. The funds have reportedly been sent to the…

Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July

[Jul 17, 2023 9:30 AM] As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by…

Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High in the Country

[Jul 10, 2023 4:00 PM] According to the Egyptian Statistics Bureau, Egypt’s annual inflation rate hit 36.8% in June, a staggering 33.7% increase from May’s inflation rate, breaking records. Egypt, the world’s 14th most populous country, grapples with…

Liquid Staking Defi Platforms Now Secure Over 10 Million Ethereum Worth Close to $20B

[Jul 2, 2023 12:30 PM] Based on recent data, over ten million ethereum is now secured within liquid staking derivatives platforms, with a valuation close to $20 billion at current exchange rates. Two leading liquid staking decentralized finance (defi) protocols, Lido…

Former US President Donald Trump Launches Second NFT Card Collection

[Apr 18, 2023 3:30 PM] On April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the “great success” of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump…

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

[Mar 1, 2023 1:00 PM] A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS…

Russia’s Yandex Search Engine Adds Cryptocurrencies to Its Converter

[Feb 20, 2023 3:30 AM] Yandex, the largest Russian search engine, has updated its currency converter, adding cryptocurrencies. The widget now shows the rates of these coins in a number of fiat currencies, with plans to introduce crypto-to-crypto pairs in the future as…

Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake

[Feb 14, 2023 1:00 PM] Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after…

Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

[Jan 2, 2023 12:30 PM] In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from…