GBTC Transfers 8730 BTC Worth $376M To Coinbase Prime
According to data provided by Arkham Intelligence, a blockchain analytics platform, on January 16, the Grayscale Bitcoin Trust (GBTC) transferred 8,730 Bitcoin to Coinbase Prime deposit addresses for a total value exceeding $376 million. As its share price declined, the transfers suggest that the fund might have been compelled to divest a portion of its […]
Cantor Fitzgerald CEO Confirms Tether Reserves’ Legitimacy
Cantor Fitzgerald CEO Howard Lutnick has just lent credibility to Tether Reserve by confirming the firm has the funds it purports to possess. The validity of Tether reserves has been affirmed by Cantor Fitzgerald, an American financial services firm chaired by chief executive officer Howard Lutnick. Legitimizing The Tether Reserve Tether’s reserve has been the […]
EU’s EBA Sets Comprehensive AML Guidelines For Crypto Assets
The objective of the EBA’s exhaustive AML guidelines for crypto assets is to standardize the fight against financial crimes in crypto. Crypto-asset service providers (CASPs) have been added to the anti-money laundering (AML) and counter-terrorist financing (CTF) regulations of the European Banking Authority (EBA). This decision is an essential milestone in the European Union’s endeavor […]
dForce Launches Grants Program to Support Community-Led DeFi Projects
dForce, a DeFi network, has announced the launch of the dForce Grants Program (DGP), an initiative to provide financial, technical, and consultative support to creative projects within its ecosystem. dForce offers a suite of protocols for lending, stablecoins, and synthetic assets. It has unveiled a new initiative to foster community-driven innovation within its ecosystem. The […]
Crypto Analyst Shifts to Ethereum Amid ETF Anticipation
A significant portion of a crypto analyst’s BTC holdings were liquidated to acquire Ethereum before the introduction of Spot Ethereum ETFs. Following the eleven Spot Bitcoin ETFs’ approval, the Bitcoin (BTC) price surged substantially, approaching $49,000. Subsequently, the oldest cryptocurrency experienced an adverse turn, trading at around $43,000. Amidst the downturns, a crypto analyst divested […]