Archive for November 2023
Bitcoin Sender Struck With $3.1M Transaction Fee, Largest in History
Antpool successfully mined a block, and the sender’s wallet was created just moments before initiating the transfer. From May 29 to May 31, 2024, in Austin, Texas—the prominent global hub for all things crypto, blockchain, and Web3—a major event is scheduled. Interested parties are encouraged to register now. A noteworthy incident occurred on Thursday when…
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Three Charts That Bolster the Bullish Argument for Bitcoin
Charts related to global central banks, U.S. financial conditions, and the 10-year U.S. Treasury yield indicate a positive trajectory for cryptocurrency. The impact of last year’s global central bank tightening cycle, including its effects on Bitcoin, appears to have reached its peak. Despite the Federal Reserve’s commitment to higher interest rates, U.S. financial conditions have…
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Poloniex Hot Wallets Compromised, $114 Million Allegedly Stolen: On-Chain Data Indicates.
Poloniex investor Justin Sun has confirmed a security breach that resulted in the unauthorized access to the exchange’s hot wallets, leading to an estimated loss of approximately $114 million. Blockchain security firms PeckShield and Cyvers flagged the suspected hack around 10:55 UTC, prompting Poloniex to disable its wallet for maintenance just 12 minutes later. The…
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NFT Marketplace OpenSea Announces Staff Reductions
The NFT platform OpenSea, which facilitates the trading of digital art collectibles like Bored Apes and Pudgy Penguins, has reduced its workforce by half due to the ongoing decline in the floor prices of these digital collectibles. OpenSea’s CEO, Devin Finzer, made this announcement on Friday via a tweet. These substantial layoffs may have impacted…
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