Finance
In a surprising turn of events, experts have debunked the claims that Tesla has sold off its Bitcoin holdings. Despite earlier concerns sparked by the movement of Bitcoin funds associated with the automaker, analysts from Arkham Intelligence have clarified that the company still retains control of its entire portfolio, which
Finance
Vitalik Buterin, co-founder of Ethereum, has identified centralization within the Proof-of-Stake (PoS) consensus mechanism as one of the biggest threats to Ethereum's future. In a recent article, Buterin delved into the challenges that PoS centralization poses and outlined potential solutions to safeguard the network's decentralization and
Finance
A recent survey has revealed that a mere 7.5% of Salvadorans are utilizing Bitcoin for transactions. The survey, which included responses from 1,224 individuals, sheds light on the country's adoption of cryptocurrency since Bitcoin was declared legal tender in El Salvador in September 2021. While the
Finance
In October 2024, an early access release in the Epic Games Store caught the attention of gamers worldwide. "Off the Grid," a blockchain-based Battle Royale game, surged in popularity, securing the number one spot in the free-to-play (F2P) category. Developed by Avalanche and built on their blockchain platform
Finance
In a significant move within the financial industry, VanEck has announced the launch of a $30 million venture fund aimed at investing in early-stage projects within the artificial intelligence (AI) and cryptocurrency sectors. As one of the issuers of spot Bitcoin ETFs, VanEck Ventures is set to make a notable
IT
In a significant development regarding the ongoing federal investigation into the FTX collapse, Caroline Ellison, the former CEO of Alameda Research, has retained the services of Stephanie Avakyan, a former high-ranking official at the U.S. Securities and Exchange Commission (SEC). This strategic move is reported by Bloomberg, reflecting the
Finance
In a recent report from the investment firm Canaccord, it has been highlighted that cryptocurrencies are continuing to outperform the traditional stock market. This insight has garnered attention, particularly as experts predict that a Bitcoin rally may begin between now and April 2025. Additionally, analysts foresee a potential decline in
Finance
This month, all eyes in the financial world will be on an important speech by U.S. Federal Reserve Chairman Jerome Powell, who will participate in a discussion titled "A Look from the Perspective of the FOMC" at the annual meeting of the National Association for Business Economics
Finance
The correlation coefficient between cryptocurrencies and U.S. stocks has reached a two-year high, now standing at 0.67. This significant development comes on the heels of the Federal Reserve's (Fed) recent decision to lower interest rates. According to Bloomberg, such a correlation hasn't been observed
Finance
On September 16, 2024, a significant event shook the cryptocurrency world when an anonymous Bitcoin whale transferred 43 BTC, worth approximately $2.54 million at the time of the transaction. This long-dormant whale had not moved any of their Bitcoin assets for nearly 11 years, making this transaction a notable
Europe
On September 10, 2024, a significant on-chain event occurred when two dormant Bitcoin wallets, often referred to as "whales," suddenly came to life after nearly 11 years of inactivity. These wallets, long forgotten or assumed lost by many in the crypto community, moved a total of 293 BTC.
Finance
Vitalik Buterin, co-founder of Ethereum, recently attended the Incrypted Conference 2024, which took place as part of the Ukrainian Blockchain Week in Kyiv. During his visit, Buterin shared his thoughts on the evolution of the Ukrainian crypto community, offering insights into its significant contributions to the Ethereum ecosystem, and commented