Some of crypto’s rarest and largest ocean dwellers are quickly becoming endangered this year—in fact, the number of Bitcoin’s biggest whales has dropped to its lowest point in history. Blockchain journalist Colin Wu tweeted the data from blockchain metrics site Glassnode earlier this afternoon. As of today, the number of Bitcoin addresses holding 1,000 Bitcoins …
Author Archives: Dairesce
Bitcoin Wallet Exodus to Tokenize $75 Million in Company Stock on Algorand
Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company’s decision to only accept Bitcoin, Ethereum, and USDC stablecoin for the shares. Exodus touted the SEC-approved share sale as the largest “regulated crypto public offering” ever. Soon, …
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Ethereum Devs Close EIP-1559 Loophole That Could Have Overwhelmed Blockchain
Ethereum developers have fixed a loophole in a forthcoming upgrade that would have left the network vulnerable to fake large transactions. Scheduled for mid-July, EIP-1559 burns some ETH spent on processing transactions instead of giving it all to miners, as is currently the case. The proposal aims to reduce the volatility of Ethereum’s transaction fee. …
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Singapore Bank DBS Issues $11.3 Million in Blockchain Bonds
Southeast Asia’s largest bank, Singapore-based DBS, has become the latest bank to issue a bond on the blockchain. Issuers hope that couching traditional securities in a crypto framework can make them easier to trade. The process also allows for fractionalization; cutting up bonds and turning them into fungible tokens can make unwieldy investments a little …
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What CME Micro Futures Mean for the Bitcoin Market
Derivates marketplace Chicago Mercantile Exchange (CME) Group today launched micro Bitcoin futures at one tenth the size of one Bitcoin. The new offering aims to attract priced-out retail investors and flexibility-seeking institutional investors. What it boils down to is that Bitcoin futures contracts are now available to investors at $6,660 in today’s market—a far cry …
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Qredo Raises $11 Million to Decentralize Crypto Custody Industry
If someone steals your private key or cracks your cryptocurrency exchange password, your holdings are toast. This ever-present threat wards off institutional investors from investing big sums in crypto, says Anthony Foy, CEO of London-based Qredo. “Existing custodial models are fundamentally broken. Institutions have to choose from retail wallet solutions, vulnerable centralized databases, or cold …
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CryptoPunks Creators Just Launched Meebits, NFT Resales Already Top $3 Million
Larva Labs, the two-man development team behind the wildly popular CryptoPunks NFT series, has announced a new set of NFTs called Meebits. Where CryptoPunks were pixelated 2D icons, Meebits are 3D avatars rendered in voxels (pixels with volume—hence, “voxels”). They’re algorithmically generated, and attached to NFTs on the Ethereum blockchain, which means the standard ethical …
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Uniswap v3 Comes Out Tomorrow. Here’s What to Expect
With new products and features dropping every week in the nascent decentralized finance (DeFi) arena, the top decentralized exchange in the world can’t afford to rest on its laurels. Tomorrow, Uniswap, which upgraded to version 2 last May, aims to release version 3 of its protocol, which promises to give users more control over the …
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Dogecoin Surges to New All-Time High Over $0.50 Following eToro Listing
Dogecoin (DOGE) hit a new all-time high on Tuesday, May 4, climbing past $0.50 to its current price of $0.531, per CoinGecko. The meme coin is currently the fifth most valued cryptocurrency, with its market cap growing to as much as $61.8 billion. Dogecoin’s impressive price surge followed its listing on popular social trading platform …
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Turkey Forces Crypto Exchanges to Report More Customer Information
The Turkish government has added cryptocurrency exchanges to the list of firms subject to the country’s anti-money laundering and terrorism financing (AML-TF) regulations. The regulatory change took immediate effect after the presidential decree—similar to an executive order in the US—was published in the Official Gazette today. By applying those rules to crypto, the government now …
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Visa Outlines Five Ways It’s Pushing into Crypto
Visa chairman and CEO Al Kelly said in a quarterly earnings call on April 27 that the company has ambitious plans for digital currencies. “I would say that this is a space that we are leaning into in a very, very big way and I think are extremely well-positioned,” Kelly said. But how, precisely, is …
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