The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss. The most expensive piece from the CryptoPunks non-fungible token (NFT) collection was transferred for an undisclosed amount as interest in digital collectibles wanes. In 2022, NFT investor Deepak Thapliyal acquired CryptoPunk #5822, a rare alien…
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Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Bitcoin gained 4.3% between Aug. 16 and Aug. 18 but reversed this gain after failing to sustain levels above $60,000. The price corrected to $58,500 while the S&P 500 index futures and gold approached their all-time highs on Aug.…
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One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Binance and its former CEO Changpeng Zhao (CZ) are facing a new class action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to prevent money…
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The TON ecosystem has seen a significant influx of new users amid promising new projects appearing on the blockchain. The most talked about topic in crypto in recent months has been the proliferation of The Open Network (TON) blockchain and its native token, Toncoin. Initially developed in 2018 by the eponymous encrypted messaging app, TON…
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Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed lawsuit. Google took months to pull crypto scam app, lawsuit says Google took three months to remove a scam crypto app that stole $5 million and targeted at least…
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Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn’t been sold or moved for the last six months. Around three-quarters of all circulating Bitcoin hasn’t been moved for the past six months or more, according to onchain data. The findings come from Glassnode’s Hodl Wave chart, which uses…
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Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck. Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing…
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Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024. A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think…
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As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes. The Turkish cryptocurrency landscape is experiencing a major transformation as prominent firms like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the…
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Proof of Complete Knowledge (PoCK) aims to prevent bribery attacks by ensuring real control over voting keys. A group of researchers from Cornell University is investigating potential threats that could turn into “dark” voting systems in decentralized autonomous organizations (DAOs). This group is formed by Ethereum co-founder Vitalik Buterin and PhD students Mahimna Kelkar, Kushal…
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