2 / 2 Relevant items tagged with #Speculation

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Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition 

[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…

Another Mysterious Signed Message Appears Associated With the 2009 Bitcoin Block 1,018

[Jun 8, 2023 8:00 AM] This week, the number of Ordinal inscriptions has exceeded 11 million, with one inscription in particular, numbered 11,035,214, standing out. The inscription bears a message that has been signed with the private key associated with block 1,018, and…

Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey

[Apr 30, 2023 8:18 PM] A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.

Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins

[Apr 5, 2023 3:30 PM] Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000…

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty

[Mar 5, 2023 12:30 PM] Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past…

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

[Mar 1, 2023 9:00 AM] Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates…

Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125

[Feb 19, 2023 9:00 AM] In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin…

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny

[Jan 16, 2023 12:30 PM] According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC…

Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

[Jan 9, 2023 5:30 PM] According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic…

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

[Jan 6, 2023 1:30 PM] The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports…

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…

Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web

[Dec 16, 2022 9:30 AM] The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges…

Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD

[Dec 13, 2022 12:30 PM] Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been…

Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner

[Dec 4, 2022 3:00 PM] Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known…

Sam Bankman-Fried's weird, cryptic tweets attract even wilder theories

[Nov 15, 2022 1:29 AM] A series of strange tweets by former FTX CEO Sam Bankman-Fried caused widespread speculation on Twitter, but he claims he’s “improvising” and “making it up as I go.”

Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens

[Nov 10, 2022 10:00 AM] Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the…