Ethereum ICO Whale Dumps Another 6K ETH
Ethereum’s price dropped over 12%, rebounding from $2,312.58 to $2,438 after a major ICO participant sold 6,000 ETH worth $14.11m. Over the course of the past week, the price of Ethereum has been performing poorly, and as of today, it has dropped by more than 12%. On the other hand, the asset saw a brief […]
Bitwise Files ETF to Rotate Between Crypto Futures, US Treasuries
Bitwise Asset Management had a new ETF filing to convert three crypto futures ETFs from long-only strategies to strategies that rotate between crypto futures and US Treasuries. The company is refining the investment strategy of its three crypto futures ETFs to alternate between cryptocurrency and US Treasuries using its proprietary strategy, “Trendwise.” The above strategy, […]
September Sees $46M Loss to Crypto Phishing Scams
Q3 of 2024 saw the theft of over $127 million in cryptocurrencies from investors due to phishing attacks, with September alone losing approximately $46 million. A phishing attack affected approximately 10,800 victims in September, according to Scam Sniffer, a security firm affiliated with Web3. The largest loss was reported on September 28, when a phishing […]
Coinbase to Delist Noncompliant Stablecoins Under EU MiCA Rules
Coinbase has recently updated its offerings in response to the European Union’s Markets in Crypto-Assets Regulation (MiCA) and will delist non-compliant stablecoins by the end of December Bloomberg announced on October 4 that Coinbase will remove stablecoins that do not adhere to EU regulations by the conclusion of 2024. This action is consistent with the […]
Metaplanet Expands Bitcoin Holdings with $1.4 Million
Tokyo-listed investment firm Metaplanet Inc. has increased its Bitcoin holdings to 530.717 BTC, valued at approximately $32.4 million. Japanese investment company Metaplanet increased its overall revenue from Bitcoin to 530.72 BTC by acquiring 23.97 Bitcoin through an options transaction with Singapore-based digital asset trading company QCP Capital. Metaplanet disclosed in its notice dated October 3rd […]