👀QryptoQuant: miners continue to sell BTC
14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have offloaded the largest amount of bitcoin since Jan. 2021
The phenomenon is called “miner capitulation,” and it typically indicates that miners are preparing to sell their previously mined coins in order to cover ongoing mining expenses.
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html
14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have offloaded the largest amount of bitcoin since Jan. 2021
The phenomenon is called “miner capitulation,” and it typically indicates that miners are preparing to sell their previously mined coins in order to cover ongoing mining expenses.
https://www.cnbc.com/2022/07/18/crypto-miners-moved-over-300-million-of-bitcoin-in-one-day.html
CNBC
Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions.
💰Tesla earnings meet Q2 expectations, sells 75% of its Bitcoin
Tesla (TSLA) reported its Q2 earnings after the closing bell on Tuesday, meeting analysts’ estimates, following a prolonged COVID-induced shutdown at its Shanghai production facility.
The company also says it sold 75% of its Bitcoin, turning it into fiat currency, adding $963 million in cash to its balance sheet.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/tesla-q2-earnings-2022-201008978.html
Tesla (TSLA) reported its Q2 earnings after the closing bell on Tuesday, meeting analysts’ estimates, following a prolonged COVID-induced shutdown at its Shanghai production facility.
The company also says it sold 75% of its Bitcoin, turning it into fiat currency, adding $963 million in cash to its balance sheet.
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/tesla-q2-earnings-2022-201008978.html
💰KuCoin has secured a $10M investment from Susquehanna International Group
Apart from around a 10M US dollar investment, the two parties will collaborate in blockchain startup incubation and KCS & KCC ecosystem building.
kucoin.com/blog/kucoin-announces-10-million-dollars-strategic-investment-from-sig
Apart from around a 10M US dollar investment, the two parties will collaborate in blockchain startup incubation and KCS & KCC ecosystem building.
kucoin.com/blog/kucoin-announces-10-million-dollars-strategic-investment-from-sig
👀South Korea postpones 20% tax on crypto gains to 2025
The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first.
https://cointelegraph.com/news/south-korea-postpones-20-tax-on-crypto-gains-to-2025?utm_source=Telegram&utm_medium=social
The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first.
https://cointelegraph.com/news/south-korea-postpones-20-tax-on-crypto-gains-to-2025?utm_source=Telegram&utm_medium=social
🛂EX-COINBASE MANAGER ARRESTED IN US CRYPTOCURRENCIES INSIDER TRADING CASE: BBG
U.S. authorities have arrested former Coinbase product manager Ishan Wahi for allegedly leaking insider information that helped his brother and friend buy the tokens shortly before they were listed on a crypto exchange.
The manager, his brother, and a friend bought the crypto, which was soon listed on Coinbase.
SEC designates 9 coins as securities in Coinbase insider trading complaint:
AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM
https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf
U.S. authorities have arrested former Coinbase product manager Ishan Wahi for allegedly leaking insider information that helped his brother and friend buy the tokens shortly before they were listed on a crypto exchange.
The manager, his brother, and a friend bought the crypto, which was soon listed on Coinbase.
SEC designates 9 coins as securities in Coinbase insider trading complaint:
AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM
https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf
💰Tesla reports $64M profit from Bitcoin sale
In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according to an official Form 10-Q filing with the United States Securities and Exchange Commission, or SEC. After selling 75% of its BTC stash for dollars in the second quarter, the company netted a realized gain of $64 million
https://cointelegraph.com/news/tesla-reports-64m-profit-from-bitcoin-sale?utm_source=Telegram&utm_medium=social
In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according to an official Form 10-Q filing with the United States Securities and Exchange Commission, or SEC. After selling 75% of its BTC stash for dollars in the second quarter, the company netted a realized gain of $64 million
https://cointelegraph.com/news/tesla-reports-64m-profit-from-bitcoin-sale?utm_source=Telegram&utm_medium=social
Cointelegraph
Tesla reports $64M profit from Bitcoin sale
Elon Musk's Bitcoin gambit has proven to be a profitable endeavor — so far.
👁Coinbase Faces SEC Investigation on Cryptocurrency Listings
The US Securities and Exchange Commission’s scrutiny of Coinbase has increased since the platform expanded the number of tokens in which it offers trading, said two of the people, who asked not to be named because the inquiry hasn’t been disclosed publicly. The probe by the SEC’s enforcement unit predates the agency’s investigation into an alleged insider trading scheme that led the regulator last week to sue a former Coinbase manager and two other people.
“We are confident that our rigorous diligence process -- a process the SEC has already reviewed -- keeps securities off our platform, and we look forward to engaging with the SEC on the matter,” Chief Legal Officer Paul Grewal said on Twitter. The SEC declined to comment.
https://www.bloomberg.com/news/articles/2022-07-26/coinbase-faces-sec-investigation-over-cryptocurrency-listings
The US Securities and Exchange Commission’s scrutiny of Coinbase has increased since the platform expanded the number of tokens in which it offers trading, said two of the people, who asked not to be named because the inquiry hasn’t been disclosed publicly. The probe by the SEC’s enforcement unit predates the agency’s investigation into an alleged insider trading scheme that led the regulator last week to sue a former Coinbase manager and two other people.
“We are confident that our rigorous diligence process -- a process the SEC has already reviewed -- keeps securities off our platform, and we look forward to engaging with the SEC on the matter,” Chief Legal Officer Paul Grewal said on Twitter. The SEC declined to comment.
https://www.bloomberg.com/news/articles/2022-07-26/coinbase-faces-sec-investigation-over-cryptocurrency-listings
Bloomberg.com
Coinbase Faces SEC Investigation on Cryptocurrency Listings
Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities, according to three people familiar with the matter. The company’s shares dropped 21%.
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💰AntPool Supports Ethereum Classic Ecosystem With $10M Investment
The mining pool is throwing its weight behind the Ethereum-offshoot alternative that will continue to mine using proof-of-work.
https://www.coindesk.com/business/2022/07/26/antpool-supports-ethereum-classic-ecosystem-with-10m-investment/
The mining pool is throwing its weight behind the Ethereum-offshoot alternative that will continue to mine using proof-of-work.
https://www.coindesk.com/business/2022/07/26/antpool-supports-ethereum-classic-ecosystem-with-10m-investment/
CoinDesk
AntPool Supports Ethereum Classic Ecosystem With $10M Investment
The mining pool is throwing its weight behind the Ethereum-offshoot alternative that will continue to mine using proof-of-work.
❌Nirvana, an algorithm stablecoin protocol based on Solana has suffered a flash loan attack of $3 million.
https://twitter.com/PeckShieldAlert/status/1552589510986215425?s=20&t=NewxwdywsfbxH9zRqPclAQ
https://twitter.com/PeckShieldAlert/status/1552589510986215425?s=20&t=NewxwdywsfbxH9zRqPclAQ
Twitter
#PeckShieldAlert Seems like @nirvana_fi exploited @peckshield
Exploiters already bridged stolen funds to Ethereum 0xB9AE2624Ab08661F010185d72Dd506E199E67C09
Exploiters already bridged stolen funds to Ethereum 0xB9AE2624Ab08661F010185d72Dd506E199E67C09
🚗Mercedes-Benz and Polygon to develop a platform for data exchange
A blockchain-based data sharing network has been introduced by Daimler South East Asia, a part of the Mercedes Benz Group, using Polygon, an Ethereum Layer-2 scaling solution
https://www.livemint.com/companies/news/mercedesbenz-and-polygon-to-develop-a-platform-for-data-exchange-11659022007115.html
A blockchain-based data sharing network has been introduced by Daimler South East Asia, a part of the Mercedes Benz Group, using Polygon, an Ethereum Layer-2 scaling solution
https://www.livemint.com/companies/news/mercedesbenz-and-polygon-to-develop-a-platform-for-data-exchange-11659022007115.html
mint
Mercedes-Benz and Polygon to develop a platform for data exchange
The new data-sharing platform from Daimler South East Asia, called Acentrik, will let businesses purchase and sell data in a decentralized setting
🔥🆕New upcoming deal for all Tiers will go live this evening on our platform (2 pm UTC).
Unique game of exploration, survival and cinematic universe with top backers onboard: Alameda research, Kingway Capital, Immutable X and many more.
CEX listing on FTX and Binance.
📣Details are already available on our platform:
https://bulknetwork.app
Join our announcements channel so you don't miss out on new deals:
https://news.1rj.ru/str/BulkDealsAnn
Unique game of exploration, survival and cinematic universe with top backers onboard: Alameda research, Kingway Capital, Immutable X and many more.
CEX listing on FTX and Binance.
📣Details are already available on our platform:
https://bulknetwork.app
Join our announcements channel so you don't miss out on new deals:
https://news.1rj.ru/str/BulkDealsAnn
👀Solana Opens First Physical Store in New York City
Solana Spaces is now open in Hudson Yards, New York City. The store aims to provide beginners with an educational experience as well as smooth onboarding to the Solana blockchain.
The store, a collaborative effort from the Solana Foundation and several ecosystem partners, will be open from 10:00 to 20:00 from Monday to Saturday and from 11:00 to 19:00 on Sunday.
https://cryptobriefing.com/solana-opens-physical-store-in-nyc/
Solana Spaces is now open in Hudson Yards, New York City. The store aims to provide beginners with an educational experience as well as smooth onboarding to the Solana blockchain.
The store, a collaborative effort from the Solana Foundation and several ecosystem partners, will be open from 10:00 to 20:00 from Monday to Saturday and from 11:00 to 19:00 on Sunday.
https://cryptobriefing.com/solana-opens-physical-store-in-nyc/