Category: News
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TRON developing gas-free stablecoin transactions.
TRON founder Justin Sun announced that his team is developing a stablecoin solution aimed at increasing institutional adoption of such assets. On July 6, Sun revealed that a gas-free stablecoin solution will be launched on the TRON network in the fourth quarter of this year. In conclusion, market experts predict that demand for stablecoins will…
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German Government Moves $40 Million in Bitcoin Amidst Calls for a Comprehensive Strategy
German Government Extends Significant Bitcoin Transfers The German government has continued its significant Bitcoin (BTC) transfers, extending a trend that began last month. Details of Recent Transfers Bitcoin addresses linked to German authorities sent another 700 BTC, worth $40.47 million, to the ‘139PoP’ address this weekend. This transfer was identified by the on-chain analytics firm…
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Upcoming Documentary ‘Vitalik: An Ethereum Story’ to Premiere in September
The highly anticipated documentary “Vitalik: An Ethereum Story” will premiere in September, offering an in-depth look into the life of Vitalik Buterin, co-founder of Ethereum (ETH), and the transformative journey of his groundbreaking project. Vitalik Buterin and Ethereum’s Journey Through the Lens After more than three years in the making, the documentary promises to reveal…
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Bitcoin ETF Market Rebound
On July 5, the spot Bitcoin ETF market saw a notable resurgence, with a net inflow of $143.1 million. This brought the cumulative net inflow to $14.76 billion and $2.81 billion in total value traded, marking the highest inflow for the month after two days of continuous outflows. Impact of Bitcoin Price Drop The drop…
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US House to vote for overriding POTUS veto on SAB 121
A resolution to overturn Staff Accounting Bulletin 121, also known as SAB 121, was vetoed by President Biden in May. Now, the US house will vote on trying to overturn the POTUS veto on it. Political experts are mixed about whether lawmakers have enough votes to override President Biden’s veto though. The U.S. House is set to…
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Ethereum Crash Costs Justin Sun $66 Million
Market Downturn Costs Justin Sun $66 Million Reports suggest that Justin Sun, Tron founder and Huobi Global advisor, lost $66 million on Friday as Ethereum’s price dipped to levels last seen in February. The ongoing crypto market sell-off continues to overshadow optimism for a potential launch of spot ETH ETFs. Multiple indicators suggest that despite…
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Mt.Gox moves $2.7B from cold storage
Mt. Gox has initiated the process of repaying its creditors by transferring 47,228 BTC, valued at approximately $2.71 billion, from its cold storage to a new wallet. This move is part of a broader effort to facilitate creditor repayments through designated cryptocurrency exchanges. The transfer has coincided with a dip in Bitcoin’s price below $55,000,…
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Justin Sun to Buy Germany’s Bitcoin
In a bold move that has caught the attention of the cryptocurrency world, Justin Sun, the founder of Tron, has made an offer to purchase all of Germany’s Bitcoin holdings. His aim is to minimize the impact on the market, a concern that has been growing among investors and traders. Justin Sun’s exact words were,…
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Bitcoin drops below $58k
Bitcoin has dropped below $58k for the first time in two months today, on 4th of July 2024. There are reports also that $54.9 million in Bitcoin long positions have been liquidated in the last 24 hours, Many experts are pointing out the fact that the Mt.Gox selling pressure news has caused this latest dump…
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Consensys Acquires Wallet Guard to Enhance Metamask Security
Consensys Acquires Wallet Guard to Enhance Metamask Security Consensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard’s security features into Metamask. Metamask to Boost Security Following Acquisition The acquisition comes as the Web3 ecosystem faces persistent security…