Tag: News

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Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss

Despite filing fees of more than $400, a Ripple investor has launched legal action over a $48 loss. What’s going on? The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida man Tyler Toomey against Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss. In…
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Australia’s eSafety Commissioner touts blockchain as a solution to trolls

Australia’s eSafety Commissioner has suggested blockchain-based digital IDs as a potential solution to fight online abuse and trolling. Australia’s eSafety Commissioner Julie Inman Grant has suggested a blockchain-powered ID solution could help tackle cyber abuse and trolling while allowing users to maintain a level of anonymity. Speaking to New South Whales media outlet The Sydney…
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Solana targets growth in Southeast Asia with a $5M grants scheme

The $5 million fund only allows projects with a physical presence in Southeast Asia to apply for the program which provides up to $100,000 plus technical and community support. Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund. The Solana Foundation created the fund in partnership…
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Is Grayscale about to unveil a LINK Trust?

Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts. Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed.  According to the State of Delaware’s Division of Corporations, someone set up…
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Going long: 270K Bitcoin moved into storage in a month

Investors are in it for the long run, locking 270,000 BTC away over the last 30 days. Despite surging prices, Bitcoin investors are rapidly locking up their BTC for the long-term, with 270,000 BTC being taken out of liquid supply in the last 30 days. According to data published by crypto market data aggregator Glassnode,…
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Is $1 billion a day in volume the ‘new normal’ for Uniswap?

Uniswap could be averaging $1 billion in daily trade volume soon with the majority of trades occurring between Ethereum and stablecoins. Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of January. Only two-thirds of the way…
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Did Grayscale push Bitcoin back up to the $40K mark?

Some stats indicate Bitcoin’s current rally could be more reliant on institutional investors than ever before. Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin’s price shot up by almostd 20%, to once again hover just under the $40,000 mark.  During the same period, the institutional investment firm added…
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Jack Dorsey cites Bitcoin as a better model for the internet in Trump ban explanation

Days after Donald Trump’s account was banned, Twitter CEO Jack Dorsey explained that it was the right decision, but still sets a dangerous precedent. Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned U.S. President Donald Trump from the platform last week. Although…
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EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’

Exchange platform eToro is struggling amid surging demand for crypto, sending an email to all users warning of possible trading limitations this weekend. Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited…
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Top 100 Bitcoin addresses accumulated $11B more BTC in the past 30 days

Bitcoin’s top 100 richest addresses have snapped up almost 350,000 more BTC in the last 30 days. The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days.  In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted…
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