Crypto News

Analysts Uncover Coinbase’s Bitcoin Reserves

Cryptocurrency exchange Coinbase is sitting on a goldmine, with nearly 1 million BTC in its reserves. That’s approximately 5% of all the bitcoins currently in circulation. What’s even more mind-blowing? This hoard of bitcoins held by Coinbase is in the same ballpark as the number of coins attributed to the enigmatic creator of Bitcoin, Satoshi Nakamoto. But here’s the twist…

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ChatGPT-Generated Token AstroPepeX (APX) Surpasses $14 Million in Uniswap Trading Volume Overnight

In a surprising turn of events, a developer operating under the pseudonym CroissantEth has harnessed the power of OpenAI’s ChatGPT to automate the creation of tokens, resulting in the birth of the AstroPepeX (APX) meme token. This groundbreaking experiment has demonstrated the remarkable potential of combining artificial intelligence (AI) and blockchain technology, with APX amassing an astonishing $14 million in…

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Trading volume on OpenSea reached a two-year low

Trading volume on the OpenSea non-fungible token (NFT) marketplace experienced a significant decline in August, reaching its lowest point in two years at $106 million, as reported by Dune Analytics. This marked the lowest trading volume since April 2021. A notable development in this decline was OpenSea’s decision to disable the Operator Filter onchain tool as of August 31. This…

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Bitcoin’s Price Dips Below $26,000 Amid SEC’s ETF Decision Delay

On the evening of August 31, the price of Bitcoin briefly dipped below $26,000, hitting a low of $25,660 on the Binance exchange. In the past 24 hours, Bitcoin has seen a 4.6% decrease in value, as reported by CoinGecko. Currently, the cryptocurrency is trading below the $26,000 mark. This downturn has had a ripple effect, with all the top…

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Blogger Exposes Seed Phrases on YouTube, Loses $60,000, and Gets It Back

Brazilian YouTuber and owner of the Fraternidade Crypto YouTube channel, Ivan Bianco, fell victim to cryptocurrency and NFT theft totaling around $60,000 after inadvertently revealing seed phrases during a live YouTube stream. This incident teaches us an important lesson about cybersecurity and online vigilance. Who Is Ivan Bianco? Ivan Bianco is a renowned YouTube blogger and a blockchain gaming expert…

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FBI Seizes Cryptocurrencies Worth Nearly $1.7 Million

Brace yourself for a jaw-dropping revelation as the cybercrime-busting heroes at the Federal Bureau of Investigation (FBI) put their mastery to the test from March to May 2023, yielding an astonishing haul of digital riches worth approximately $1.7 million! The haul included a staggering $147,000 in Bitcoins, a blazing $800,000 in Ethereum (ETH), a monumental $307,000 in USDT, a jaw-dropping…

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Alex Chriss, has been selected as the new CEO of PayPal

Brace yourselves as the payment powerhouse, PayPal, gears up for a game-changing shift with Alex Chriss taking the helm as President and CEO. With a remarkable portfolio in technology and product prowess, Alex previously spearheaded Intuit’s small business and self-employed division, orchestrating an astonishing revenue surge of more than 20%. Mark your calendars for September 27, the day Alex Chriss…

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Crypto Exchange Txbit to Shut Down Due to ‘Unfavorable Market Conditions

In a significant development for the crypto community, Txbit, the Netherlands-based cryptocurrency exchange, has announced its decision to halt trading and close down its operations starting from September 14th. This move comes as the exchange navigates uncertain regulatory conditions and unfavorable shifts in the market. The company shared that escalating compliance expenses and continuous pressure on profit margins have made…

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CoinDesk Takes Measures Ahead of Sale: Cuts Staff by 45%

Big changes are on the horizon for CoinDesk, a prominent cryptocurrency media platform. In light of its parent company Digital Currency Group’s (DCG) plans to sell the project, CoinDesk has undergone a significant workforce reduction, letting go of 45% of its editorial team. The move is aimed at securing the company’s financial stability as it prepares for this crucial transition.…

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Crypto Fund Inflows Rebound

The week spanning from August 5 to 11 witnessed a positive turnaround in the realm of cryptocurrency investment products, with an influx of $28.5 million compared to the $107 million outflow registered the previous week, according to insights shared by CoinShares analysts. This reversal marks a notable departure from the negative trajectory that persisted for three consecutive weeks. Experts attribute…

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