Crypto exchange HashKey, the first licensed virtual asset provider in Hong Kong, will open its doors to residents for retail trading on August 28. Continue Reading on Coin Telegraph More
In an official statement, Binance said it intends to modify zero-fee Bitcoin trading for the BTC/TUSD spot and margin trading pair.Continue Reading on Coin Telegraph More
Meanwhile, Dune data compiled by Tom Wan shows that in the last two weeks alone, automated bots have secured over 21,800 keys, earning $2.1 million in profits.These bots work by acquiring newly registered profiles cheaply before selling them at a higher price.One bot in particular, “0xcc218bbd21e14944fcc121d161c9b9ae71b9cc85,” acquired 96 profiles worth nearly 260 Ethereum (ETH), which would be worth roughly $600,000 in profits.Bots have generated over 500,000 transactions.Since launching on Aug. 10, Friend.tech, which allows users to acquire “shares” of individuals on X, formerly Twitter, has over 100,000 addresses.Supplementary insights from Dune analytics show that Friend.tech has generated over 45k ETH ($70 million) in cumulative volumes, from the more than 2 million transactions since launching. In the past 24 hours, DeFiLlama data also reveals that the social media platform generated more than $300,000 in fees, turning in a revenue of $161,000.Earlier in the week, Coinbase (NASDAQ:COIN) CEO, Brian Armstrong, noted that Friend.tech can play an important role in the growth and adoption of Base.Dune Analytics data confirms that 20% of active addresses on Base engage with Friend.tech.Recently, Jeremy Allaire, the CEO of Circle, the issuer of USDC, said Friend.tech’s growth is a compelling use case of BusinessSocialFi.The social media platform allows users to tokenize their social connections, granting them access to features like private messaging and interaction rights.Unfortunately, Friend.tech’s increased popularity is attracting hackers.On Aug. 21 there were reports of a supposed hack. However, the platform clarified that data retrieved was due to scraping, not a security breach.This article was originally published on Crypto.news More
In an Aug. 24 filing with the United States Bankruptcy Court for the District of Delaware, Prime Core Technologies reported that “under prior management” the firm had lost $6 million in client funds and $2 million in treasury funds through TerraUSD (USTC) investments, presumably when the algorithmic stablecoin collapsed in May 2022. The company described the investment as well as a ramping up of spending in October and November 2022 as contributing to its bankruptcy filing.Continue Reading on Coin Telegraph More
Cointime Economics can be used to represent Bitcoin’s economic state in place of outstanding supply. The use of the new system may improve valuation metrics and provide a new analytical tool to measure Bitcoin activity, according to authors David Puell of ARK Invest and James Check of Glassnode. They said:Continue Reading on Coin Telegraph More
Assange has been confined within Belmarsh Prison in London since April 2019, fighting a court battle against his extradition to the U.S., where he could potentially face up to 175 years in prison on charges of espionage for leaking information about the wrongdoings of the US agencies in Iraq and Afghanistan.Continue Reading on Coin Telegraph More
The latest motions filed were requesting permission to withdraw attorneys Richard Best and Robert MacDonald Moye from the trial, with the former having the motion immediately granted due to extended medical leave. Moye’s withdrawal is still pending a decision from Judge Analisa Torres. Continue Reading on Coin Telegraph More
The Santiment team pointed out that, historically, big FUD shown by traders and other market players led to substantial price surges of crypto.According to a Santiment tweet published earlier today, this rebound of BTC can be attributed to recent accumulation by medium and large investors, known as sharks and whales on the market.Per Santiment, they have purchased cumulatively a whopping $308.6 million worth of Bitcoin over the past week. Now, there are 156,600 wallets out there that contain from 10 to 10,000 Bitcoins each.This article was originally published on U.Today More
