The bear market has inspired the little guy to accumulate vast amounts of Bitcoin (BTC). The number of wallets holding 1 BTC or more recently hit new highs while those with 10 BTC or less are setting accumulation records. However, to what extent are these newly minted “wholecoiners” taking custody of their private keys? Has the recent spate of insolvency among…
Vitalik Buterin has taken a controversial stance on governance tokens, arguing that governance is not a good reason for such tokens to be treated as “valuable.” “The notion of ‘governance rights’ as a narrative for why a token should be valuable is pathological,” Buterin wrote on Twitter Tuesday. “You’re literally saying, ‘I’m buying $X because later on someone might buy…
Introduction Bitcoin-only exchanges are platforms where people can buy or sell bitcoin using fiat currencies or stablecoins. You can refer to our guide on “How To Buy Bitcoin” for further information on joining an exchange. Still, you usually need to sign up with some basic personal data and transfer fiat or cryptocurrency to the platform to start buying bitcoin. Learning…
We at Kraken believe that driving global crypto adoption relies on a solid cybersecurity framework in order to protect our clients’ financial freedom. It’s why our motto is security above everything. It’s also why we commemorate Cybersecurity Awareness Month each October. This year, we celebrated by hosting a company-wide AMA with our Chief Security Officer, Nick Percoco, as well as…
Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto exchange operating in the United States, has suspended new…
Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money. A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen…
During the first day hearing for BlockFi’s bankruptcy proceedings, the company revealed that FTX and Alameda Research owe it more than $1 billion—$671 million on a now-defaulted loan to Alameda and $355 million in funds frozen on the company’s crypto exchange. BlockFi, a New Jersey-based crypto lender, filed its petition for Chapter 11 bankruptcy protection on Monday after weeks of…
Fidelity, one of the world’s largest financial services providers, has officially started opening retail bitcoin trading accounts. The development comes after their announcement of a wait list previously this month. According to a report by The Block, certain users, presumably those on the wait list, received an email detailing the release, which stated that “The wait is over.” Fidelity has…
Overview Daily spot trading volume: $914.9 million, 30 day average spot: $762.3 million. Total futures notional: $55.9 million. The top five traded coins were, respectively, Tether (↑0.03%), USD Coin (↑0.0%), Ethereum (↑1.7%), Bitcoin (↑0.02%), and Dai (↑0.01%). Strong returns from Oxygen (↑60%), Saber… The post Kraken Daily Market Report for November 24 2022 appeared first on Kraken Blog.…
press release Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale closes Dec 1 at 0:00 UTC. Bitcoin.com, a digital ecosystem that offers secure self-custody solutions for users to easily interact with cryptocurrencies, has formed a mutually beneficial strategic partnership with Poly Network to support Bitcoin.com’s Verse ecosystem. Poly Network is…
