Author: e_cash_top
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Crypto scammer returns $34.7 million in stolen assets after victim offers bounty
[ad_1] The crypto scammer who stole 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million, has begun returning the funds, according to on-chain data. Blockchain security firm Peckshield reported that the attacker had returned 50% of the stolen funds— approximately 11,446.87 ETH worth $34.7 million—to the victim’s address as of press time. 10% bounty This refund…
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86% of Bitcoin supply still in profit despite recent price drops – Glassnode
[ad_1] Quick Take As Bitcoin pushed toward a new all-time high in March, a significant milestone was reached on Feb. 28, with over 99% of the Bitcoin supply in profit. This was the first time since November 2021 that over 99% of the supply had been in profit, according to Glassnode data. Percent Supply In…
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Over 46% of Bitcoin’s circulating supply hasn’t moved in 3+ years
[ad_1] Quick Take The Glassnode supply last active (SLA) chart overlays multiple cohorts, each representing a percentage of the circulating supply based on the duration since the coins were last active. These cohorts include 1+ years, 2+ years, 3+ years, and 5+ years. As coins are accumulated by long-term holders (LTHs), these metrics tend to…
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Kraken spotlights SEC inability to identify ‘investments contract’ in digital assets
[ad_1] Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities, pointing out that the financial regulator’s arguments attempt to restructure the US financial system beyond its regulatory scope, according to a May 9 court filing. Investment contract Kraken stated that the SEC could not pinpoint tradable investment contracts on…
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Metaplanet boosts its Bitcoin reserves, positions itself as Asia’s MicroStrategy
[ad_1] Japan-based Metaplanet has acquired additional Bitcoin, according to a May 10 disclosure statement on social media platform X. The firm revealed that it bought 19.87 BTC on April 23 at an average price of 10.06 million yen, equivalent to $64,664 each. This purchase amounted to 200 million yen, approximately $1.28 million. This acquisition brings…
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Ordinals sales elevate Magic Eden to top NFT marketplace surpassing Blur by $108 million
[ad_1] Magic Eden has surpassed Blur to become the top NFT marketplace in terms of trading volume, marking a significant shift in the competitive landscape of digital asset exchanges. This development comes as Blur, previously a dominant player in the Ethereum-based NFT market, sees a decline in its market share. According to DappRadar’s Dapp Industry…
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Luxor Q1 report predicts recovery in Bitcoin hashprice over next five months
[ad_1] Quick Take The Bitcoin mining sector has faced challenges with historically low hashprices in recent weeks following the halving event. However, hash prices surged to multi-year highs on the day of the halving, buoyed by increased fees attributed to Runes. According to Glassnode data, the hash price is $51,915 in USD terms and 0.84…
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What the current price stability means for the Bitcoin futures market
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…
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BlockFi to shut down web platform, turn to Coinbase as distribution partner
[ad_1] Bankrupt crypto lender BlockFi said on May 9 that it would shut down its web platform by the end of May and rely primarily on Coinbase as a distribution partner. The change ensures that BlockFi Interest Account (BIA), Retail Loan, and Private Clients can continue to access withdrawals as part of the bankruptcy claims…
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Marathon reports record $337.2 million net income in Q1 2024
[ad_1] Marathon Digital Holdings reported a record net income of $337.2 million in 2024’s first quarter. The firm’s quarterly net income, published in its May 9 earnings report, represents 184% year-over-year growth from $118.7 million in the first quarter of 2023. EPS for the quarter stood at $1.26 per diluted share The company reported record…