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Participants in Ethereum’s 2014 new coin offering (ICO) reportedly unloaded more than $113 million worth of ETH in the past few weeks. Cryptocurrency tracker Lookonchain notes that the whale dumped 5,000 ETH worth $12.22 million into a Kraken deposit address on Monday, continuing a selling spree that started last month. Since September 22nd, Whale has sold a total of 45,000 ETH (worth $113.2 million). This address still holds 94,500 ETH worth $230.2 million. Source: Lookonchain/X Lookonchain notes that ICO participants received 150,000 ETH in the Genesis block at a total cost of $46,500, meaning the whale’s initial average price per…
The Holonym Foundation has partnered with Renzo Protocol, an Ethereum liquid restaking protocol, to strengthen the security of the Mishti network and the company’s digital identity solution, Human Keys. Ethereum Liquid Restaking Protocol Joins Holonym Foundation Holonym Foundation, which focuses on digital identity solutions, has announced a collaboration with Renzo Protocol. Liquid Restaking Protocol plans to restake $800 million worth of ezETH to strengthen the security of Holonym’s Mishti network. The protocol supports the secure creation of HumanKey (Holonym’s digital identity solution) by Mitsushti Network using Ethereum and Eigenlayer infrastructure and node operators. The partnership will allow users to generate…
TL;DR The XRP Ledger is undergoing code review to enable RLUSD and Automated Market Makers (AMM) integration, and further updates are pending. Ripple recently warned users to be wary of scams as the stablecoin is not yet available to the public. Latest RLUSD developments In April of this year, Ripple announced that it would introduce a stablecoin pegged 1:1 to the US dollar. This news caused great excitement throughout the XRP community, with many members wondering about the exact details and purpose of the product. As of now, it is known that it will be called RLUSD and will be…
In the 15 years since Bitcoin was first created, no one has been able to solve one mystery: the identity of its creator, known only as Satoshi Nakamoto. Now, a new HBO documentary has reopened the case files and named a new candidate: Canadian cryptography expert and software developer Peter Todd. However, Todd laughed off this theory in the documentary, calling it “ridiculous.” And considering the long history of failed attempts to discover Satoshi’s identity, HBO’s attempt may be just one in a long list. Todd, 39, is one of several figures in the Bitcoin world featured in the documentary…
Several rappers have purchased the major cryptocurrency Bitcoin BTC/USD over the years, while meme coins like Dogecoin DOGE/USD, beloved by billionaires like Mark Cuban and Elon Musk, Very few rappers bought it. One rapper took a chance on Dogecoin in 2021, but his timing may have been among the worst. What Happened: Logic, 50 Cent, and Nas are also among the rappers who have invested in crypto companies and have bought Bitcoin or rapped about cryptocurrencies over the years. Rapper Meek Mill announced on May 4, 2021 that he had purchased Dogecoin. Meek Mill tweeted: “I just got my Doge…
A top-performing fund manager is selling Microsoft shares, citing concerns about the tech giant’s future profitability in the face of advances in artificial intelligence. Blue Whale Growth Fund chief investment officer Stephen Yiu said the fund has been reducing its position in Microsoft over the past six months. The Blue Whale Growth Fund held Microsoft from its inception until August of this year. The fund is up 16.6% since the beginning of the year. The fund returned 30.7% in 2023, significantly outperforming its benchmark and the S&P 500, which rose 26%. Yiu’s decision stems from his belief that Microsoft’s business…
In recent months, the environment surrounding cryptocurrencies has experienced major fluctuations, with the XRP price in particular facing the brunt of regulatory pressure. The SEC’s ongoing appeal against Ripple has caused many large investors, often referred to as “whales,” to reconsider their positions in XRP. As a result, these investors are increasingly diversifying their portfolios and seeking alternative opportunities that promise greater returns. One such alternative coin is a relatively new altcoin that is currently in the pre-sale stage and shows significant growth potential. XRP Price Prediction: Whales stay away from XRP amid SEC appeal XRP’s recent performance has been…
According to Chainalysis’ Global Adoption Report, stablecoins like USDT have become an important financial tool in Latin America, helping citizens cope with persistent economic fluctuations.The region, which accounts for 9.1% of the world’s crypto value received, has experienced significant growth this year, primarily due to increased institutional interest and consumer adoption of digital assets.From July 2023 to June 2024, Latin America received nearly $415 billion in cryptocurrencies, slightly surpassing East Asia in global crypto activity despite lower adoption numbers.Argentina leads the region with $91.1 billion in crypto value received, closely followed by Brazil with $90.3 billion. Brazil has seen renewed…
Former President Donald Trump’s long-rumored decentralized finance (DeFi) project is slowly taking shape, with more details emerging today.World Liberty Financial on Wednesday submitted a proposal to the governance forum of Ethereum DeFi platform Aave, upon which Trump and his business partners intend to build a cryptocurrency offering. This project proposes to start the service as an instance on Aave. This means that popular DeFi protocols provide the infrastructure that enables World Liberty to function. In return, AaveDAO, the group of Aave token holders that controls the platform, will receive an effective 20% of all protocol fees generated by World Liberty…
Cryptocurrency markets were hit by a sudden wave of selling pressure on Wednesday as Bitcoin headed for the $60,000 break. While most major altcoins followed this downward trend, Dogecoin showed resilience, posting an intraday gain of 0.4%. Neutral candlestick formation suggests DOGE continues its sideways trend, but whale accumulation and impending breakout from the triangle pattern points to a potential rally towards $0.15. I have Can Dogecoin price break above $0.15 by the end of October? As the Iran-Israel war continues, Dogecoin price predictions showed a notable reversal from $0.132 to $0.1, accounting for a 19% loss. As a result,…