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A dormant Bitcoin address containing 50 BTC was recently revived after being inactive for over 14 years. Popular whale tracking service Whale Alert called attention to this development in today’s X post. According to Whale Alert, this Bitcoin address has been dormant since 2010, when the entire 50 BTC portfolio was worth just $2. This wallet came back from hibernation early today after initiating two transactions. At the time of the transaction, the value of 50 BTC had skyrocketed to a whopping $3,387,175 ($3.38 million), which corresponds to an ROI of 169,358,650%. This suggests that Bitcoin whales acquired 50 BTC…

MemeFi is collaborating with Mysten Labs to deploy the capabilities of the Sui blockchain for a token launch in November. Using Sui’s Layer 1 blockchain, MemeFi integrates Sui’s Move programming language, designed for secure and efficient transactions. Following recent network changes, the MEMEFI token launch is now set for November 12th with an on-chain claim event. It was originally scheduled to debut on October 9th, but was postponed due to internal adjustments. MemeFi will conduct a final snapshot of player activity on November 6th and finalize token distribution for the airdrop, with the final allocation expected to be announced on…

Yellowcard, the largest and first licensed stablecoin on/off ramp on the African continent, has announced the closing of its Series C funding. The $33 million equity raise was led by Blockchain Capital with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital. This funding is an important milestone for the company and the African fintech industry as a whole, validating the vision and progress of stablecoins on the African continent and the practical application of the technology around the world. “This funding not only proves our resilience, but…

Ripple Labs files appeal via Form C against recent SEC ruling challenging interpretation of Howey test used to define investment contracts and classifying institutional sales of XRP as securities transactions did. All details are below. Ripple files Form C challenge with SEC over application of securities laws to institutional sales of XRP Ripple Labs, one of the leading companies in the crypto sector, has taken an important step in its legal battle against the US Securities and Exchange Commission (SEC). The company did indeed file a Form C with the U.S. Court of Appeals for the Second Circuit, challenging a…

The SOL/ETH trading pair has surged 275% over the past year, with a recent weekly gain of 18%. Open interest in the Solana futures market increased significantly, reaching $3.28 billion, indicating bullish sentiment going forward. Solana (SOL) price recently hit a new all-time high with respect to Ethereum (ETH) due to a surge in network activity that has garnered renewed interest. This positive upward trend of Solana makes believers in this project optimistic about Solana’s ability to rival ETH. Moreover, they expect SOL to even claim the market capitalization currently held by Ethereum. Will Solana dethrone Ethereum as king of…

U.S. stocks rose on Friday morning as Treasury yields fell, but markets remained on track for weekly losses as uncertainty over the Fed’s next move overshadowed earnings season in full swing. was. The S&P 500 (^GSPC) rose 0.8% after the benchmark ended a three-day losing streak. The Dow Jones Industrial Average (^DJI) rose 0.4%, and the tech-heavy Nasdaq Composite Index (^IXIC) rose 1.3%. Stocks have rebounded somewhat as falling U.S. bond yields have eased some of the recent pressure on risk appetite. The benchmark 10-year Treasury yield (^TNX) fell to around 4.19%, retreating from a three-month high of 4.25% hit…

As blockchain technology gains momentum in the financial world, Skybridge founder and financial industry leader Anthony Scaramucci shared his vision for how blockchain technology can reshape the industry. Scaramucci, speaking ahead of the Benzinga Future of Digital Assets event, which will be attended by representatives from Skybridge, highlighted the transformative potential of blockchain integration, while also highlighting the challenges that could hinder its progress. Regulatory challenges were addressed. The promise of blockchain Scaramucci pointed to the potential of blockchain to spread risk and automate trust within the financial system. “The promise of blockchain is that it has the potential to…

Paid content from Bazoom Group. The information in this article is not intended to be personal financial advice.Over the past decade, investing has expanded beyond real estate, gold, bonds, stocks, mutual funds, and more to include cryptocurrencies and pre-sale tokens. As stated by Alan Draper, investing in presale cryptocurrencies can be a good way to earn passive income due to their high growth potential. Bitcoin and altcoins are now on the list of standard investment options in the US and around the world. Since the launch of the first crypto Bitcoin in 2009, there are now thousands of assets including…

Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Investors are moving from volatile meme coins to Zig Network, a blockchain that offers stable returns for as little as $0.01. With all the ups and downs of meme coins going on in the market, it’s no surprise that investors are looking for alternative investments. Meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) have enjoyed popularity and support from supporters for a relatively long time, but they have not been proven to deliver stable returns, making them…

US-based Kraken, the sixth-largest cryptocurrency exchange by volume, is preparing to launch its blockchain Ink in early 2025. This new platform aims to facilitate decentralized applications (dApps) and allows users to trade, borrow, and lend without the need for tokens. Intermediary. Kraken’s Ink Blockchain Goals According to a recent report from Bloomberg, Inc. will use technology similar to Base from Coinbase, which has quickly emerged as one of the largest DeFi platforms since its launch over a year ago. Ink founder Andrew Kohler said a testnet will be introduced later this year to allow developers to experiment with their applications…