Day: July 11, 2021

FTX CEO Predicts How GBTC Unlock Could Affect Bitcoin Amid Bearish Calls

FTX CEO Sam Bankman-Fried has opined that a tranche of Grayscale Bitcoin Trust (GBTC) shares being sold on the secondary market “doesn’t really matter” for Bitcoin. Bankman-Fried explains that there will be net bid pressure in crypto markets but doesn’t rule out that “anything” could happen. Ads Ads remember: most GBTC creators are doing arbs;

Major South Korean Bank Makes Foray Into Cryptocurrency Custody

Woori Financial Group, South Korea’s fourth-largest lender by total assets, has joined the growing list of institutions that have ventured into cryptocurrency custody. According to a July 11 report by Woori Financial Group, the major banking group has partnered with local blockchain development company Coinplug to form a joint venture called D-Custody. The JV could

BTC, XRP and DOT Price Analysis for July 11

Bulls are trying to seize the initiative by the end of the week, as some coins have come back to the green zone. Top coins by CoinMarketCap BTC/USD The rate of Bitcoin (BTC) has fallen by 4.40% over the past seven days. BTC/USD chart by TradingView Bitcoin (BTC) is still locating in the sideways trend

Bitcoin (BTC) Acquired by Yet Another Top-League Asset Manager as Accumulation Intensifies

Ads Ads Lincoln Avenue Capital, an investment team that addresses the “affordable housing” sphere shared the details of its eight-digit Bitcoin (BTC) purchase. Lincoln Avenue Capital buys its first 1,000 Bitcoins (BTC) According to the official announcement shared on its social media channels, U.S.-based asset management firm Lincoln Avenue Capital has bought 1,000 Bitcoins (BTC)

Ethereum (ETH) Fees in Eight-Month Lows: Santiment

Ads Ads Last month, the Ethereum (ETH) network became overloaded: transactions were inadequately expensive and slow. While many developers and users switched to other blockchains, Ethereum (ETH) fees printed multi-month lows. New record According to the latest tweet shared by Santiment, a leading on-chain data vendor, both median and average fees for Ethereum (ETH) transactions

Simple Yield Farming Techniques that Aim to Boost Global Adoption of DeFi Products

Ads Ads Over the past year, the value of the decentralized finance market, popular as DeFi, has grown exponentially providing new channels for users to earn passive income while holding cryptocurrencies. A top industry has been “yield farming”, a new way for crypto holders (referred to as ‘farmers’) to maximize the value of their digital

ChainSwap Exploit Leads to Multi-Million Loss For DeFi Tokens

Last night, crypto projects that had used ChainSwap to launch Ethereum tokens on Binance Smart Chain lost millions to an attacker whose address now holds about $4.4 million. The attacker managed to take control of the projects’ BSC contracts by exploiting ChainSwap. The attacker minted tokens directly to their address, then sold them on BSC’s

Here’s How Much Crypto Your Reddit Karma is Worth

Jokes, quips and tips can earn you a quick buck on Reddit’s cryptocurrency forum. As of this month, each 33.22 Reddit karma earned on the r/CryptoCurrency subreddit makes you a dollar, according to a table and chart posted today. On Reddit, karma is earned when other users upvote posts and comments. The crypto fanatics over

Stacks Surges 12% Overnight While Bitcoin Stagnates

While the rest of the $1.4 trillion crypto market stagnates, Stacks enjoyed a 12% overnight surge to $1.39. The gains continue a weeklong rally that has inflated the price of Stacks by 61% since last Sunday, according to CoinMarketCap. While that’s music to the ears of Stacks holders, the coin is still halfway off its

Man Could Spend Decades Behind Bars After Buying Crypto and Tesla with PPP Money

The U.S. Department of Justice charged a California man with nine counts of wire fraud and bank fraud after he allegedly used taxpayer-backed loans to buy cryptocurrencies, The Mercury News reports. The aforementioned charges carry a maximum penalty of 50 years. By submitting over 30 bogus Paycheck Protection Program (PPP) and Economic Injury Disaster Loans

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