Bitcoin Whales Reduce Amid 3-Month High Reach Of Exchange Inflows
According to Glassnode, the Bitcoin market appears to be retracing the gains it has made since January as whales exit and sell on centralized exchanges. The number of Bitcoin whales is rapidly declining, possibly due to a three-month high in coin inflows to centralized exchanges (CEXs). Glassnode, a cryptocurrency market tracker, has released several bearish […]
MCC CEO Capuci Accused Of $62 Million Investment Fraud Scandal
MCC CEO Luiz Capuci Jr. did not use the investment fund to mine new cryptocurrency, instead, he diverted the funds to personal cryptocurrency wallets. The Department of Justice (DOJ) has indicted Luiz Capuci Jr., the CEO, and co-founder of crypto mining and investment platform Mining Capital Coin (MCC), for “allegedly orchestrating a $62 million global […]
TRON DAO Reserves Buy $38 Million Worth Of TRX To Safeguard The Stablecoin USDD
The purchase of TRX by TRON DAO is to back the algorithmic stablecoin, to leverage a forex reserve that is similar to Terra’s UST reserve. Terra’s UST reserve system is gaining popularity, and Tron’s stablecoin project is following suit. Tron’s algorithmic stablecoin project was reported on by Coinscreed, and the fiat-pegged crypto asset has since […]
De Beers Launches Blockchain Technology To Power Its Diamond Production
De Beers has launched the long-awaited Tracr platform, which uses blockchain technology to track and manage diamond production. De Beers, the world’s largest diamond mining company, has launched a proprietary blockchain-powered platform to manage its diamond production and distribution. The company has long been developing a blockchain system to track, record, and manage its diamond […]
OpenSea Discord Server Hacked As Users Are Warned Of Possible Phishing Scams
The hacker’s initial announcement was a claim that OpenSea had is now in partnership with YouTube to enable their community into the NFT space. OpenSea, a marketplace for nonfungible tokens (NFTs), experienced a server breach on its primary Discord channel, with hackers posting fake “YouTube partnership” announcements. A screenshot shared on Friday displays bogus collaboration […]