The German state of Saxony has been rapidly selling off its Bitcoin reserves, following the seizure of assets from Movie2K, a film piracy website earlier this year. This recent sell-off saw 10,567 BTC (approximately $600 million) being transferred to various entities, including Bitstamp, Coinbase, Kraken, Flow Traders, and Cumberland DRW. These transactions occurred in multiple
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In the fast-paced world of Web3, keeping track of your onchain activities can be a daunting task. With the introduction of the Coinbase Wallet Web3 app, the process of managing your digital assets is expected to become more streamlined and simplified. This article delves into the features of the app and why it could be
In a recent development, popular crypto privacy protocol Railgun successfully prevented Inferno Drainer’s latest attempt to launder stolen funds. The attempt, which involved over 174 ETH, worth approximately $533,000, was intercepted by Railgun, forcing the perpetrators to return the stolen ETH to the original wallet’s address. This significant intervention highlights Railgun’s effectiveness in combating fraudulent
The collaboration between Anomaly Games and the Google for Startups Cloud Program represents a groundbreaking partnership at the forefront of technological innovation within the gaming industry. By joining forces to integrate advanced cloud technology, artificial intelligence, and Web3 innovations, Anomaly Games is poised to revolutionize web-based experiences and game development like never before. This strategic
During a recent hearing, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla criticized the company’s request for Gensler’s statements before he became SEC chair in 2021, deeming Coinbase’s arguments as “speculative” and unpersuasive. She noted that obtaining Gensler’s pre-chair
The US House of Representatives recently fell short in their attempt to overrule President Joe Biden’s veto of HJ Res. 109, which aimed to rescind SEC Staff Accounting Bulletin (SAB) 121. Despite 228 House members voting in favor of ending SAB 121, the outcome did not meet the two-thirds vote threshold required to counter a
Over the past month, the Cardano blockchain has experienced a period of relative quietness, accompanied by a consolidation in the price of ADA. However, recent on-chain data has indicated a significant spike in daily whale inflows, which could potentially signal the start of an uptick in the price of ADA. This surge in whale activity
The US Securities and Exchange Commission (SEC) has officially closed its investigation into stablecoin issuer Paxos. This decision comes after over a year since the SEC issued a Wells notice against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. However, a recent federal judge’s ruling stated that BUSD sales did not violate securities law,
Recent data has shown a stark disconnect between Bitcoin and US stocks, marking a significant shift from their previously positive correlation. According to market intelligence platform IntoTheBlock, Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has plummeted to -0.78 and -0.83, respectively. This negative correlation implies that Bitcoin and these assets now tend to
Bitcoin (BTC) has recently broken above its bearish trendline, showcasing strong bullish momentum in the market. This positive development has sparked optimism among traders and investors who are now wondering if BTC can sustain this momentum and reach the $60,152 mark. With a market capitalization exceeding $1.1 trillion and a trading volume surpassing $24 billion,
