Mysterious Whale Unloads $322 Million in Bitcoin on Major US Exchange

Through data from Whale Alert, it emerged today that an unidentified entity transferred 4,535 BTC, valued at approximately $322.14 million, to the leading US crypto exchange, Coinbase. Notably, this transaction occurred via Coinbase Institutional – a division of Coinbase catering to businesses and financial institutions, offering comprehensive services for managing digital assets. Two days ago, … Read more

Crucial XRP Ledger (XRPL) AMM Amendment Goes Live on Mainnet: Details

The Automated Market Maker (AMM) engine on XRP Ledger (XRPL), which was recently introduced, has undergone a significant improvement. This update, named “fixAMMOverflowOffer,” was given the green light for implementation on the main network following a consensus-reaching vote in a stress testing phase. XRPL AMM amendment In version 2.1.1, we introduced the fixAMMOverflowOffer to address … Read more

Dictators Beware: Bitcoin Might Be Your Downfall, Says Human Rights Foundation

In a globe filled with geopolitical conflicts and efforts to secure personal liberties, Bitcoin stands out as a possible revolutionary force against repressive regimes. The Chief Strategy Officer of the Human Rights Foundation (HRF), Alex Gladstein, highlights Bitcoin‘s capacity to boost individuals living under oppressive governments through its transformative power. In a recent What Bitcoin … Read more

Real Reasons Why Bitcoin Broke $70,000

The Consumer Price Index (CPI) report caused Bitcoin to break through the $70,000 mark as inflation indicators in the US signaled a significant increase. Before the recent increase, some investors had anticipated Bitcoin’s price reaching $70,000, even after a brief dip to $67,000. The primary reason for this rise is the high inflation rates, making … Read more

XRP Best Positioned For A US ETF After Bitcoin, Ripple CEO Reiterates

During the Paris Blockchain Week from April 9-11, Brad Garlinghouse, CEO of Ripple, spoke alongside David Schwartz, CEO of Xrpl Commons. They discussed various relevant topics concerning Ripple and the wider XRP community. Notable subjects included the potential for a US spot Exchange Traded Fund (ETF), Ripple’s planned release of a USD stablecoin in 2023, … Read more

Is Grayscale’s Nightmare Finally Over? GBTC Posts Record Low Ouflows

On April 10th, there were withdrawals totaling $17.5 million from Grayscale’s GBTC, marking an all-time low for this particular ETF, according to Teddy Fusaro, president at Bitwise Asset Management. The cryptocurrency market has been plagued by disastrous Grayscale outflows.  About a month ago, ETF expert Eric Balchunas expressed his doubt that the recent outflows were … Read more

Ethereum (ETH) Skyrockets in Massive Whale Transactions Amid Price Recovery

Over the last 24 hours, Ethereum, the leading altcoin in the crypto market, has gone through significant price fluctuations. Following a steep decline the previous day that eliminated approximately $30 million in investments within an hour, Ethereum‘s cost dropped by as much as 3.1%, touching $3,411 at one point. After experiencing a rebound, Ethereum’s price … Read more