Cryptocurrency

The blockchain tracking platform Whale Alert shared a post on Twitter earlier this morning to share some new data about a particular Solana (SOL) transfer. According to the post, 1,001,394 SOL, worth around $22,194,904, was transferred from an unknown wallet to Binance.Some of the finer transaction details were also included in the Twitter post, such as the fact This could suggest that the whale decided to transfer some of its SOL holdings in an attempt to sell it in the next few days.SOL / Tether US 1D (Source: TradingView)At press time, SOL was one of the top 10 cryptocurrencies trading in the green. The altcoin was trading hands at $22.16 after a price increase of 1.49% over the past 24 hours. This meant that SOL was trading much closer to its daily high of $22.44 than its 24-hour low of $21.28.The crypto’s 24-hour increase was also enough for it to strengthen against the crypto king, Bitcoin (BTC), by about 0.24%. However, SOL was down against Ethereum (ETH) by 0.28% at press time. Meanwhile, SOL’s 24-hour trading volume stood at $437,849,403 after a 25.95% increase.The altcoin’s performance was also enough to push its weekly performance a bit further into the green at 1.89%. The crypto did, however, experience a price drop of 0.04% in the hour before press time.SOL’s market cap of $8,724,673,363 meant that it was ranked as the 10th biggest crypto in terms of market capitalization. This placed it right behind Polygon (MATIC) in 9th position and in front of Polkadot (DOT) which was ranked 11th.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Recent Data Reveals 1,001,394 SOL Was Transferred To Binance appeared first on Coin Edition.See original on CoinEdition More

Blockchain4Youth will commence this month with a series of campus lectures on Web3 held in universities across Taiwan, Vietnam and Thailand. Bitget Academy courses will also be available around the same time. The exchange says it is open to partnerships with educators for its novel initiative. Currently, Bitget has around 8 million users across more than 100 countries.Continue Reading on Coin Telegraph More

Santiment, the blockchain intelligence firm, shared their latest market insights in a tweet this morning following the Fed interest rate hike announcement made yesterday. The Insights started off by mentioning that Bitcoin (BTC) had quickly surged above $29,200 within 3 hours following the announcement.According to the report, the spike witnessed in BTC’s price over the last 24 hours is an indication of temporary relief since the fiscal policy will no longer be a concern until June this year. The +5% rise in interest rates in the past 14 months is not ideal, however, given that cryptos have been heavily correlated to equities in the last year and a half, the report added.Correlation between BTC, ETH, and SPX (Source: Santiment)Santiment questioned whether this correlation will continue for much longer given the “growing indications of separation between the two sectors.” Today was another good example of cryptos breaking their links to equities, as the entire market “saw some strong indications that crypto was taking a turn for the better,” according to Santiment’s insights.On-chain metrics showed that Bitcoin’s address activity reached its highest level in two weeks yesterday, with the previous rise credited to a reaction from traders to a sharp price drop. The report also highlighted that there are no extreme shorts for the largest cryptos by market cap.At press time, the price of BTC stood at $29,175.44, according to CoinMarketCap, after it printed a 24-hour gain of 1.90%. This 24-hour gain by the market leader had also flipped its weekly price performance into the green, which stood at +1.36%. Overall, the global crypto market cap stood at around $1.20 trillion, which shows a 1.56% increase over the past day.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post On-Chain Data Suggests Crypto and Equity Correlation Will End appeared first on Coin Edition.See original on CoinEdition More

In the announcement, The Federal Ministry of Communications and Digital Economy (FMCDE) cited a report from PricewaterhouseCoopers (PwC) predicting the widespread adoption of blockchain technology across various industries could potentially contribute $1.76 trillion to the global gross domestic product by 2030, representing 1.4% of the world’s GDP. Continue Reading on Coin Telegraph More

In a May 3 court filing in a New York Bankruptcy Court, lawyers for FTX sought $1.8 billion in loans and a $273 million collateral pledge allegedly given to Genesis from FTX’s sister trading firm Alameda Research.Continue Reading on Coin Telegraph More

Hassabis, who got his start in the gaming industry, co-founded Google DeepMind (formerly DeepMind Technologies), the company known for developing the AlphaGo AI system responsible for beating the world’s top human Go players. Continue Reading on Coin Telegraph More

The TruthGPT Coin is being marketed as a cryptocurrency that utilizes an AI system called Elon Musk AI. The AI model can allegedly examine multiple digital assets, anticipate future cryptocurrency values and distinguish lucrative investments from fraudulent ones. The parties involved are also promoting TruthGPT Coin as a highly profitable venture, even stating it could increase in worth by a staggering 10,000 times.Continue Reading on Coin Telegraph More

Under Secretary of the Commonwealth of Massachusetts William Galvin, the office’s securities division filed a complaint against Robinhood in December 2020 alleging the platform illegally targeted inexperienced investors, claiming the practice was in violation of the state’s fiduciary duty standards. Galvin reportedly said at the time that Robinhood was marketing itself as “some sort of game that you might be able to win” and aimed to revoke the platform’s broker-dealer license in Massachusetts.Continue Reading on Coin Telegraph More