Justin Sun Addresses Concerns Over $750M Bitcoin Withdrawal from USDD
TL;DR Tron withdrew $750 million worth of Bitcoin from USDD backing. Justin Sun claimed the withdrawal was due to overcollateralization of the stablecoin. Critics point...
Tag : Cryptocurrencies
Mt. Gox $75 Million Bitcoin Transfer to Bitstamp Sparks Fears of a Potential Sell-Off
TL;DR Mt. Gox transferred 1,264.71 BTC, valued at $75 million, to Bitstamp on August 21, 2024. The crypto market showed mixed movements, with Bitcoin falling...
Crypto Hackers Steal $700,000 from McDonald’s Instagram Account with Fake Memecoin
TL;DR Hackers infiltrated McDonald’s Instagram account and stole $700,000 with a fake memecoin. The fraudulent GRIMACE token briefly reached a value of $25 million before...
SunPump Overtakes PumpFun in Daily Revenue, Establishing Its Place in the Memecoin Market
TL;DR SunPump surpasses PumpFun in daily revenue, generating $548,000 to its rival’s $367,000. Justin Sun, founder of Tron, has been actively promoting SunPump on social...
VanEck Increases Its Bitcoin Investment and Bets on Its Recovery
TL;DR VanEck has increased its investment in Bitcoin (BTC) amid forced sales that have pressured the cryptocurrency’s price down. Sales by governments and asset liquidations...
Bitcoin Hashrate Soars: Renewed Confidence Among Miners?
TL;DR Bitcoin mining hashrate has shown a significant rebound after a recent drop. The “Hash Ribbons” signal suggests the end of a phase of miner...
Mt. Gox Transfers $75 Million in Bitcoin to Bitstamp, Signaling Potential Payout to Creditors
TL;DR Mt. Gox transferred 1,265 BTC (approximately $75 million) to the Bitstamp exchange. The transfer could signal an upcoming payment to creditors. The exchange also...
Drift Expands Its Offering with Prediction Markets on Solana
TL;DR Drift adds prediction markets to its Solana platform, allowing bets on binary events using various cryptocurrencies. The new BET feature enables users to earn...
Vitalik Buterin Advocates for Controlled Technological Progress with ‘Defensive Accelerationism’
TL;DR Vitalik Buterin registered the ENS domain “dacc.eth” for $500. The concept of “defensive accelerationism” (d/acc) advocates controlled and decentralized technological development. Buterin will present...
Institutional Investors Continue Bitcoin Accumulation Amid Market Volatility
TL;DR Institutional Bitcoin Accumulation: Institutional investors are steadily accumulating Bitcoin through various means, including spot BTC ETFs and direct acquisitions, despite market fears. Stablecoin Supply...