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Shiba Inu Whale Moves 25 Trillion SHIB From Crypto Exchange To Cold Storage – Details

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An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $ 250 million from a top crypto exchange to a self-custody wallet, according to on-chain data reported by crypto analytics firm Santiment.

The SHIB tokens were moved from an Ethereum address categorized by Etherscan as belonging to US crypto exchange Crypto.com to a new wallet.

The transfer was made in six different transactions and the whale has been amassing ETH rapidly since March 1st, possessing 992 ETH alongside its now 25 trillion SHIB.  Read more...

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BlockSec Foils Hackers Attempt To Steal $5 Million From ParaSpace

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Though crypto hacks have been prominent since the blockchain industry emerged, blockchain security firms are working hard to bring security and transparency to the sector. This time, BlockSec, a smart-contract auditing firm dedicated to building a security infrastructure, has prevented a hacker from stealing $ 5 million in crypto funds on ParaSpace. 

ParaSpace is a decentralized lending protocol allowing users to lend or borrow various crypto assets on the Ethereum blockchain. Besides the platform enabling users to lend NFTs or other assets to receive a percentage in the form of interest, ParaSpace lets the users use borrowed funds as collateral.  Read more...

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USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

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USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $ 3.3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC. 

USDC Price Falls Below $ 0.90 For The First Time

Given the doubts about the reserves of USDC, the coin’s price fell to an all-time low of $ 0.8774, according to data from CoinMarketCap. Onchain data reveals that investors are liquidating their USDC holdings for other assets.   Read more...

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USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank

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Stablecoin issuer Circle disclosed late Friday that around $ 3.3 billion of its $ 40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers.

Silicon Valley Bank crumbled on Friday morning, sending shockwaves through the cryptocurrency and global markets, 48 hours after a capital crisis triggered the second-largest collapse of a US financial institution in history.

With a total supply of $ 43.5 billion, all of which is backed by government bonds and cash equivalents, USDC is the second largest stablecoin in circulation.  Read more...

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Inside Bitcoin Lake: Lessons From My Months As A Volunteer With Guatemala’s Groundbreaking Project

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A volunteer from Guatemala’s Bitcoin Lake project shares the rewards of working on this circular economy.

Bitcoin is a disruptive technology that has emerged as a fundamental component of the financial industry. My work at Bitcoin-friendly companies has allowed me to observe the many ways in which Bitcoin is transforming the industry. Looking to contribute more, I embarked on a Bitcoin-only journey and joined the non-profit project, Bitcoin Lake.  Read more...

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Alameda, FTX Demand Grayscale To Unlock $9 Billion From BTC, ETH Trusts In New Lawsuit

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Grayscale, the world’s largest Bitcoin fund, is being sued by Alameda and FTX on behalf of FTX’s debtors and affiliates.

According to a press release issued by the FTX Debtors on Monday, claims have also been filed directly against Grayscale CEO Michael Sonnenshein and Digital Currency Group (DCG) CEO Barry Silbert. Grayscale is owned by DCG.

Alameda, FTX Lawsuit Calls Out Grayscale ‘Redemption Ban’

The complaint by Alameda seeks to “unlock $ 9 billion or more in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts,” according to a statement.  Read more...

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TickrMeter Review: Track Bitcoin & Other Cryptocurrencies From Your Desk Or Nightstand

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TickrMeter is pitched as a “stock ticker for your table.” But more importantly to this audience, it also tracks the price of Bitcoin, Ethereum, and other top cryptocurrencies.

In this exclusive review, the Bitcoinist team goes hands-on with the latest retail version of the TickrMeter. Is it worth the price you’ll pay to pay even closer attention to asset prices?

TickrMeter Bitcoin & Crypto Price Ticker Review

TickrMeter bitcoin cryptocurrencies stocks

What is TickrMeter?  Read more...

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Affine Protocol Raises $5.1M From Industry Heavyweights to Develop DeFi Yield Offering

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The round was led by Jump Crypto and Hack VC and included contributions from Circle Ventures and Coinbase Ventures.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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Dogecoin (DOGE) Surges 6% Due To New Tweet From Elon Musk

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Elon Musk continues to be one of the biggest factors influencing the Dogecoin price, as the Twitter CEO proved once again today. Musk made an apparent joke by writing, “High time I confessed I let the Doge out.” He also shared an image with an inscription.

In scrawled script, the image reads, “It was me, I let the dogs out.” Within no time, the Dogecoin price responded to Musk’s tweet with a 6.6% increase. Shiba Inu saw a modest price appreciation of 2.5%, likely because Musk was talking about dogs in the plural.

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Wyoming Legislature Passes Bill Protecting Bitcoin Private Keys From Courts

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It is now up to the governor of Wyoming to put the final stamp of approval on the landmark bill.

The U.S. state of Wyoming has passed a bill that protects its citizens from having to disclose their private keys, with a singular exception. Having now been approved by the state Senate and House of Representatives, it now simply needs to be signed by the Governor in order to take effect.  Read more...

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Binance’s CEO Says Crypto May Move From Stablecoins To These Assets

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While the cryptocurrency industry has been on regulators’ radar over the past years, including major exchanges like Binance, the most targeted aspect is stablecoins. Following the recent saga between Paxos, the issuer of the Binance branded stablecoin BUSD, and the Security Exchange Commission (SEC), the stablecoin market has been bewildered. Investors sought the safest-backed stablecoin to save their funds. 

According to Binance Chief Executive Officer (CEO) Changpeng Zhao, popularly known as “CZ,”  the cryptocurrency industry may soon evolve away from the ubiquitous dollar-backed stablecoin era to stablecoins that are algorithmically backed by other assets.   Read more...

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Bitcoin Saved Me From A Russian Missile Strike

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As a permissionless store of value, bitcoin allowed me to escape the dangers of Russia’s invasion of Ukraine. And it can help you, too.

For me, being a Bitcoiner means believing in the free market and voluntary exchange. Bitcoin allows all exchange participants to benefit. But while we still live in a fiat- and State-dominated world, we sometimes face unprecedented threats and challenges.

This is my story.  Read more...

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Fixing The Incentives: The Fiat Treadmill Keeps Us From Storing Value

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By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.

Bitcoin changes our mental model and we can see it in a lot of people that get into Bitcoin. Many Bitcoiners start saving and not living paycheck to paycheck. Many start taking their lives more seriously and quit drinking alcohol and playing video games. Still others start investigating their diet and quit eating sugar, carbs, seed oils and other things they’ve been eating their whole lives. Some even get married and start having children. There are even some who start taking religion seriously.  Read more...

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Dogecoin Tipping Bot Gets The Boot From Elon Musk’s Twitter, DOGE Crash Incoming?

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The Dogecoin tipping bot on Twitter is one of the main hallmarks of DOGE adoption over the years. The bot made it possible for DOGE users to easily tip their favorite creators without much hassle, and with this ease of use, promoted the adoption of the meme coin. However, it seems Twitter no longer wants the bot on its platform.

Twitter Suspends Dogecoin Tipping Bot

On Wednesday, Doge Designer on Twitter drew attention to the fact that the Dogecoin tipping bot had been suspended on Twitter. The bot which uses the hand @MyDogeTip was seemingly suspended earlier in the week with no explanation as to why.  Read more...

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The Five Lessons I Learned From Ignoring Bitcoin For Years

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Lessons from a HODLer fortunate enough to find Bitcoin after passing on the opportunity repeatedly since 2012.

This is an opinion editorial by Konstantin Rabin, a finance and technology writer.

I am one of those who was fortunate enough to find out about Bitcoin more than a decade ago before it gained mainstream attention. Sadly, I am also one of the morons who saw this opportunity, didn’t think too much of it at first and let it fly by.  Read more...

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FTX Claims Hackers Stole $415 Million From The Collapsed Crypto Exchange

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FTX disintegrated in November last year which then led to a cascade of events that exacerbated the already struggling crypto market.

The failed exchange is again hogging the headlines as FTX reports more than $ 415 million worth of crypto was hacked. 

According to recent reports, the exchange recovered more than $ 5 billion worth of liquid assets which would then be used to pay off creditors.

Some $ 2 million in cryptocurrency belonging to the hedge firm Alameda Research was also stolen, the company disclosed in a statement.  Read more...

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Congress’ FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange’s Bosses

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More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from former CEO Sam Bankman-Fried or one of the senior executives of the fraud-ridden crypto giant.
CoinDesk

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Binance And Huobi Team Up To Recover Stolen Funds From Harmony One Exploit

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Hacking in the crypto industry has been a prominent part of the space. One of the recent significant ones, the Harmony bridge exploit, has been under investigation since it occurred. The latest update indicates that the largest cryptocurrency exchanges, Binance and Huobi, have teamed up to recover some of the stolen funds. 

The information was disclosed by Binance CEO Changpeng Zhao (CZ) in a tweet posted on Jan. 16. CZ tweeted, “We detected Harmony One hacker fund movement. They previously tried to launder through Binance, and we froze his accounts. This time he used Huobi. We assisted Huobi’s team in freezing his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi SAFU.”  Read more...

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XRP Whale Withdraws $38M From Binance, Bullish?

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Data shows an XRP whale has taken out $ 38 million from the crypto exchange Binance. Can this be a bullish signal for the crypto’s price?

XRP Whale Has Withdrawn Almost $ 38 Million From Binance

As per data from the crypto transaction tracker service Whale Alert, a large XRP transaction has been spotted on the Ripple blockchain during the past day. This transfer involved the movement of 94,311,360 tokens, worth almost $ 38 million at the time of the transaction.  Read more...

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