Crypto mining firms Hut 8 Mining Corp. and US Bitcoin Corp (USBTC) have combined their operations in an equal stock merger to form a new US-based entity called Hut 8 Corp (New Hut).Hut 8, based in Canada announced It was announced that the merger will be completed on November 30 [...]
Wallets affiliated with crypto trading companies FTX and Alameda Research transferred $10.8 million to Binance, Coinbase and Wintermute accounts using eight cryptocurrencies. Spot On Chain, a blockchain analysis firm, discovered that $10.8 million in cryptocurrency was transferred from the accounts of FTX and Alameda Research to various crypto exchanges. The [...]
Paxos, a cryptocurrency company, has received preliminary approval from the Abu Dhabi regulator on two fronts: issuing stablecoins and providing digital asset services. In an announcement dated November 29, Paxos he declared Abu Dhabi Global Market said the Financial Services Regulatory Authority had given preliminary approval to the company to [...]
Cosmos Hub’s governing body has approved a proposal to reduce the maximum inflation rate of its native token, Cosmos (TO TOM), from 14% to 10%. Second The proposed, permitted change would reduce the annual return on ATOM staking from approximately 19% to 13.4%. Cosmos Hub is the primary blockchain within [...]
Legendary investor and billionaire Charlie Munger, known as Warren Buffet’s right-hand man who helped establish the Berkshire Hathaway investment company, died at the age of 99.According to this forwarded Munger’s family, who left the company on Nov. 28, notified Berkshire that “he passed away peacefully this morning at a hospital [...]
Inferno Drainer, one of the most popular cryptocurrency wallet drain kits, said it has closed its doors for good after helping scammers steal nearly $70 million worth of crypto this year. via a message on November 26 to post The team behind Inferno Drainer on Telegram “It’s time to move [...]
Changpeng awaiting sentencing “CZ” Zhao, who pleaded guilty as part of an agreement with the US Department of Justice, may not be allowed to leave the country. According to a document filed Nov. 27 in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard Jones [...]
ETPs (exchange-traded products) in Bitcoin during the week of November 24, according to CoinShares (Bitcoin) saw inflows of $312 million, bringing the year-to-date total to nearly $1.5 billion. Weekly inflows into the overall cryptocurrency market totaled $346 million, continuing a nine-week positive net flow trend. Sharing a tweet about X [...]
On November 22, Bitcoin reached $38,400 but later corrected. It is currently trading around $37,000. Analysts believe that BTC is still in a long-term uptrend, but we may see some fluctuations in the short term. Bhutan announced that it is building a state-run BTC mining facility, the world’s first state-owned [...]
Approximately $750 million in restricted digital assets are expected to be unlocked and released in December.Among the projects that will release tokens, decentralized exchange dYdX will unlock the largest amount. The platform is expected to offer 150 million tokens to investors, founders and employees in December. The tokens are worth [...]