Ethereum

Users Panic As Whale Sends 90K ETH to Binance in the Last 24 Hours

September 2, 2024 1 min read

A crypto address presumed to be owned by the ARB Foundation, a non-profit organization that supports those facing depression, has substantially transferred ETH to the Binance crypto exchange, causing apprehension within the crypto community. In the final hours of August, a sum of 60,000 ETH valued at around $150.33 million was transferred to Binance. The current deposit of ETH has raised the total transferred amount to Binance to 90,000 ETH,

Vitalik Buterin moves 800 ETH worth over $2 million to a multi-sig wallet

September 2, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has allegedly moved Ethereum (ETH) valued at $800 million to a multi-signature wallet, generating curiosity among the cryptocurrency community. The recent transfer occurred a few hours ago and was accompanied by an exchange of 190 ETH for $477,000 USDC stablecoin, indicating the implementation of techniques for managing liquidity. Nevertheless, Buterin’s recent transactions are not solitary, since a substantial sum of 3,000 ETH, valued at

Vitalik Buterin clarifies ETH sales were for projects and charity, not profit

August 31, 2024 1 min read

Ethereum co-founder Vitalik Buterin has denied selling Ether for personal gain, stating that his transactions were not driven by personal gain but to support Web3 projects and charitable initiatives. He has reduced his ETH holdings by 85K ETH ($209M) in three years, as per on-chain analytics firm Lookonchain. Buterin’s statement aims to emphasize his commitment to using his resources for important causes rather than personal enrichment. He has also addressed

BlackRock launches its Ethereum ETF on Brazil’s B3 stock exchange

August 30, 2024 1 min read

BlackRock has introduced its Ethereum Exchange-Traded Fund (ETF) with the ticker symbol ETHA39 on Brazil’s B3 stock exchange. This enables Brazilian investors to gain exposure to Ethereum by investing in Brazilian Depositary Receipts (BDRs). This action represents a noteworthy advancement in the worldwide use of crypto, establishing Brazil as a leader in this emerging phenomenon. ETHA39 is a Brazilian extension of BlackRock’s iShares Ethereum Trust (ETHA) that enables investors in

Ethereum co-founder Vitalik Buterin warns of growing threats to privacy and freedom

August 26, 2024 1 min read

Vitalik Buterin, the co-founders of Ethereum, has expressed worries on the emergence of potential dangers that could jeopardize technological liberties and fundamental principles of cryptocurrencies. He highlighted the escalating political scrutiny faced by encrypted messaging services, centralized identity systems, vulnerable operating systems, and the expanding authority of influential social media platforms and governments to suppress and exclude individuals globally. The increasing political scrutiny on encrypted messaging platforms is a fundamental

Bitcoin ETFs see a $252 million inflow, signaling strong investor confidence

August 25, 2024 1 min read

Significant changes occurred in the U.S. exchange-traded funds (ETFs) market on August 23, 2024, specifically with Bitcoin (BTC) and Ethereum (ETH). Bitcoin ETFs experienced a substantial influx of $252 million, indicating a rise in investor enthusiasm, while Ethereum ETFs encountered an outflow of $5.7 million, underscoring the difficulties faced by this particular cryptocurrency. The iShares Bitcoin Trust, managed by BlackRock, attracted a significant investment of $86.8 million, making it the

Donald Trump, once a vocal critic of crypto, now holds over $1 million in Ethereum

August 20, 2024 1 min read

Donald Trump, who previously expressed strong opposition to crypto, has recently allocated a substantial investment of $1 million to $5 million in Ethereum. This represents a noteworthy change in his position towards the crypto sector. Throughout his tenure as president, Trump repeatedly voiced his strong dislike for cryptocurrencies, cautioning that they had the potential to enable illicit activity and were not considered legitimate forms of currency. Recent financial filings indicate

Net outflow of spot Bitcoin ETFs hits $169 million on August 9

August 18, 2024 1 min read

Although there were initial withdrawals in early August, the demand for US spot Bitcoin exchange-traded funds (ETFs) has continued, resulting in a total weekly net inflow of $32.58 million on August 16th. The net outflow of spot Bitcoin ETFs decreased from $80.69 million on August 2 to $169 million on August 9. Although the Grayscale Bitcoin Trust experienced an outflow of $72.9 million on August 16, spot Bitcoin ETFs nevertheless

Nigerian authorities move to freeze $38 million in crypto

August 18, 2024 1 min read

The Federal High Court of Nigeria has placed a freeze on around $38 million out of the total $50 million worth of crypto that was delivered to provide financial backing for the protests over the escalating cost of living in the country. The injunction was issued at the request of the Economic and Financial Crimes Commission (EFCC). National Security Adviser Nuhu Ribadu asserted that the government identified the origin of

Global investment firm Franklin Templeton submits for a crypto index ETF

August 17, 2024 1 min read

Franklin Templeton has filed an S-1 registration form with the US Securities and Exchange Commission (SEC) for a cryptocurrency index exchange-traded fund (ETF) that will monitor the performance of Bitcoin and Ethereum. The “Franklin Crypto Index ETF” is a fund that seeks to provide investors with varied exposure to digital assets, while also benefiting from the reputable institutional support of Franklin. The ETF will exclusively target the two most significant

Vitalik Buterin highlights the threat of bribery in Dark DAOs

August 17, 2024 1 min read

Vitalik Buterin, one of the co-founders of Ethereum, has expressed worries about bribery occurring in Decentralized Autonomous Organizations (DAOs). He emphasizes the necessity of implementing strong procedures to prevent such problems effectively. A team from Cornell University is investigating possible vulnerabilities in “dark” voting techniques used in DAOs. The authors introduce a novel measurement termed Voting-Bloc Entropy, which quantifies the level of decentralization in voting on DAO proposals. The use

Bybit exchange gains 10 million new users in less than 90 days

August 16, 2024 1 min read

Bybit, the world’s second-largest crypto exchange by trading volume, has reached 40 million registered users worldwide, solidifying its position as a preferred platform for millions of crypto enthusiasts and traders. The platform has seen a surge of 10 million new users within 90 days, showcasing its ability to meet the evolving needs of the crypto community by providing a secure, reliable, and user-friendly trading environment. Bybit‘s Co-founder and CEO, Ben