Two transactions of 50,000,000 (USDT) have been transferred out of Bitfinex and into the Tether Treasury, according to transfer receipts from Whale Alert. Both transactions took place on Oct. 2, 2023, each two minutes apart from one another. The first lump sum of 500,000,000 (USDT) was at 09:43:23 UTC, and at the time worth roughly $50,039,125 USD. The second was…
Investment management firm VanEck is set to begin trading of its Ethereum (ETH) Strategy ETF on Oct. 2, with the product now listed on its website under the ticker EFUT and set for trading on the Chicago Board Options Exchange (CBOE). The VanEck Ethereum Strategy exchange-traded fund (ETF) will look to accrue capital by investing in ether futures contracts, and…
Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued. BTC/USD 1-day chart. Source: TradingView Analyst wary of Bitcoin “upside wick” fakeout Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session. The largest cryptocurrency made swift gains into the…
BTC price starts the celebrated month of “Uptober” with a trip past $28,000, but the question on everyone’s lips is whether Bitcoin can hold its ground. Source: https://cointelegraph.com/app/public/index.php/news/btc-price-uptober-up-5-things-bitcoin-this-week
The Canadian Bitcoin (BTC) mining firm Bitfarms has been actively scaling operations, significantly increasing the amount of mined BTC last month. Bitfarms mined a total of 411 bitcoins in September 2023 up 7.3% from the amount mined in previous month, the company announced in its latest mining updated on Oct. 2. Out of 411 BTC mined, Bitfarms sold 362 BTC,…
The last quarter was this year’s worst in terms of dollars lost to hacks and frauds, says a new report. Crypto investors lost $685.5 million in Q3 2023, up 59% from $428 million year-over-year, according to a report by Immunefi, a bug bounty and security services platform, shared with Decrypt. The stolen amount marks a 55.7% increase from Q1 2023…
The world embraced artificial Intelligence (AI), hoping to see it transform complex and day-to-day processes. While generative AI models won millions of users, discussions around the transformative potential of AI in all walks of life became mainstream. Today, AI is being tested across all business verticals as entrepreneurs challenge the status quo, streamlining and automating processes in varying industries. This…
Following the clearance of the first Ethereum (ETH) futures exchange-traded fund (ETF), Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF. The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in Ethereum futures contracts as an…
Leading Swiss bank UBS has launched a live pilot of a tokenized version of its Variable Capital Company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank. In a press release, UBS Asset Management announced that the fund is part of a wider VCC umbrella designed to bring different types of real-world assets (RWA) to…
The long-awaited trial of former FTX CEO Sam Bankman-Fried gets underway on Oct. 4 — here’s what you need to know. Source: https://cointelegraph.com/app/public/index.php/news/sam-bankman-fried-ftx-trial-preview
