Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Mt. Gox transfers 24,052 BTC after Bitcoin breaks a key milestone

December 6, 2024 1 min read

Bitcoin has recently achieved a significant milestone by surpassing the $100,000 mark, coinciding with a notable transfer of 24,052 BTC by the defunct exchange Mt. Gox to a new wallet. This transaction, valued in the billions, has ignited speculation regarding its intent, with analysts divided on whether it relates to creditor repayments or an internal reallocation of assets. The timing of the transfer, shortly after Bitcoin’s price breakthrough, has raised

XRP surges by over 20% in 24 hours, surpassing Tether (USDT) in market cap

December 2, 2024 1 min read

XRP (XRP) has surged in recent weeks, reclaiming its position as the world’s third-largest digital asset by market capitalization at $139 billion. This rise has displaced Tether’s USDT and reflects renewed market interest, particularly among retail traders. Factors like XRP trends on TikTok, speculation around a Ripple-issued stablecoin, and potential ETF approval are driving this momentum, according to Mena Theodorou, co-founder of Coinstash. Meanwhile, Bitcoin (BTC) continues to battle the psychological $100,000 milestone, trading

Bhutan’s Bitcoin reserves now exceed $1 billion as the nation boosts its holdings through mining

November 12, 2024 1 min read

Bhutan has made headlines by amassing over $1 billion in Bitcoin, thanks to the cryptocurrency’s impressive rise in value this year. According to Arkham Intelligence, the country has been actively mining Bitcoin since 2021 and has ramped up its efforts recently. This surge in holdings aligns Bhutan with other nations, like El Salvador, that are investing in Bitcoin at the state level. Recently, Bhutan transferred around 900 BTC, valued at

VanEck partners with Kiln to offer institutional investors easy access to Solana staking

November 1, 2024 1 min read

VanEck, a prominent asset management firm, is enhancing its investment approach to Solana by teaming up with Kiln, a platform that specializes in digital asset rewards. This collaboration aims to simplify the staking process for institutional investors, allowing them to enjoy the benefits of Solana staking without the hassle of managing technical details or handling SOL tokens directly. By integrating staking solutions into its investment offerings, such as exchange-traded notes

Bitcoin open interest sets record highs as BTC price surpasses $72.5K

October 29, 2024 1 min read

Bitcoin futures have recently hit a record high in open interest, surpassing $72,500 for the first time since June. This surge in open interest, which now exceeds 20,000 BTC valued at around $2.5 billion, indicates a strong interest in Bitcoin as traders flock to the market. High open interest often suggests that new investments are entering, potentially leading to increased volatility as contracts approach expiration. Despite the excitement, funding rates

Tether is being investigated by the US Treasury Department

October 26, 2024 1 min read

The USDT stablecoin, issued by Tether, is reportedly under investigation by the US Department of Justice for potential violations of anti-money laundering laws. This news comes on the heels of Tether’s CEO, Paolo Ardoino, advocating for clearer regulations in the cryptocurrency space. According to the Wall Street Journal, the inquiry is focused on whether Tether has engaged in activities that could violate sanctions or facilitate money laundering, including connections to

VanEck introduces staking rewards for its Solana ETN in Europe

October 23, 2024 2 mins read

VanEck is making waves in the European investment landscape by introducing staking rewards for its Solana Exchange-Traded Note (ETN). This innovative feature allows investors to earn passive income from their Solana holdings, with rewards automatically reinvested to enhance the value of the ETN. As of mid-October, the Solana ETN has attracted approximately $74 million in assets and is traded on Euronext Amsterdam. Investors will receive 75% of the staking rewards,

An AI bot turns $50K in Bitcoin in millions in just 4 days

October 23, 2024 3 mins read

Marc Andreessen and Ben Horowitz, the minds behind a16z, recently shared their astonishment over the meteoric rise of a meme coin called GOAT, which skyrocketed from near worthlessness to a staggering market value of $300 million in just four days. This phenomenon was largely fueled by an AI bot named Truth Terminal, created by a developer named Andy, who designed it to engage with the online community. The journey began

Bitwise chief investment officer Matt Hougan believes Bitcoin (BTC) will hit $100,000

October 21, 2024 1 min read

Matt Hougan, the chief investment officer at Bitwise, is sharing his insights on what could drive Bitcoin’s price to reach $100,000 and beyond. He believes that current macroeconomic trends and on-chain data indicate that Bitcoin is on the verge of significant price increases. Hougan points out that major central banks are implementing more relaxed monetary policies just as Bitcoin’s supply is decreasing due to this year’s halving event, which cut

Singaporean DBS bank to offer blockchain-powered banking services

October 20, 2024 1 min read

In a significant move for the cryptocurrency landscape, DBS Bank, based in Singapore, has announced the launch of blockchain-powered banking services tailored for institutional clients. This initiative comes at a time when the Asian market is increasingly engaging with crypto, while North America remains the largest global market for digital currencies. DBS is set to integrate blockchain technology into its operations, introducing features like tokenization and smart contracts. This innovative

Crypto trader uses 11 hidden wallets to conceal $24M in meme coins while promoting them

October 10, 2024 1 min read

In a striking exposé, crypto investigator ZachXBT has unveiled the deceptive practices of Murad Mahmudov, a prominent figure in the meme coin trading scene. Utilizing 11 different wallets, Murad allegedly concealed nearly $24 million in meme coin investments while promoting these tokens to his followers. His strategy involved inflating the value of coins like SPX, which skyrocketed by 61 times, thanks to his own endorsements. ZachXBT’s research revealed that between

Digital asset firm Canary Capital files for spot XRP ETF with the U.S. SEC

October 9, 2024 1 min read

Canary Capital, a digital asset investment firm, has made waves by filing for a spot XRP ETF with the U.S. Securities and Exchange Commission (SEC), following closely on the heels of Bitwise’s similar move. This filing comes amid the ongoing legal tussle between Ripple Labs and the SEC over XRP’s classification, highlighting a growing interest in cryptocurrencies beyond the traditional giants like Bitcoin and Ethereum. Founder Steven McClurg emphasized that