Author: Lora

With the rapid evolution of blockchain technology, there has been a spike in the number of cryptocurrency projects in the market. Among all listed digital assets, Bitcoin is one of the market’s most legitimate, valuable crypto assets of the market. BTC has marked several milestones in the past few, raising questions among enthusiasts about whether any other crypto will be able to compete. Following the approval of much-awaited Bitcoin spot ETFs, the momentum shifted, marking a massive inflow of funds. The entry of traditional financers and giant asset managers has changed the image of cryptocurrencies globally, facilitating massive growth in…

South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, is expanding its investment strategy to include digital asset companies. In the second quarter of this year, the NPS acquired 245,000 shares of MicroStrategy, valued at $33.75 million. This investment represents a modest 0.04% of the fund’s total US stock holdings, according to a recent 13F filing. The NPS made headlines last year when it invested in Coinbase, marking its first foray into digital assets. During the third quarter of the previous year, the fund purchased 282,673 Coinbase shares and later sold 23,956 shares this quarter, benefiting…

Kamala Harris Surpasses Donald Trump in Polymarket Presidential Odds U.S. Vice President Kamala Harris has overtaken former President Donald Trump in the 2024 presidential election odds on Polymarket, a popular prediction platform. Over the weekend, Harris’s chances surged to 52%, marking a notable reversal of Trump’s previous strong lead. Trump’s odds, which stood at 70% in mid-July, have now dropped to 45%. Democrats Launch ‘Crypto for Harris’ Initiative In response to Trump’s growing influence, a pro-Kamala Harris group, “Crypto for Harris,” has been launched by the Democratic sector of the cryptocurrency industry. The group is hosting a virtual town hall…

Ethereum co-founder Vitalik Buterin has recently moved 3,000 Ether (ETH) to a multi-signature wallet, valued at approximately $8 million. The transfer began with a test transaction of 0.1 ETH before sending the larger amount. Data from Look On Chain suggests that this transfer might be a donation. According to Etherscan, the transaction incurred about 0.1 ETH in gas fees, roughly $270. This move follows Buterin’s earlier transfer of 3,000 ETH to the vitalik.eth wallet on August 5. Multi-signature wallets, which require multiple private keys for access and transactions, are known for their enhanced security features. Buterin’s use of such a…

ARK Invest, led by Cathie Wood, has resumed buying Coinbase stock after a period of selling. On August 5, ARK purchased 28,632 shares of Coinbase for $5.4 million. This move comes as Bitcoin has recently fallen below $50,000. ARK had been selling off its Coinbase shares earlier this year but decided to start buying again amid the market downturn. On August 5, Bitcoin briefly dropped to $49,800, marking its lowest point since February 2024. The price had been over $63,000 at the beginning of August, but it’s now around $55,000. This drop affected Coinbase stock as well, which fell by…

The Terra blockchain recently experienced a security breach that led to the theft of millions of tokens. The attack targeted a weakness in a third-party tool called IBC hooks, which helps manage transactions between different blockchains, according to crypto researcher Rarma on X. The hackers were able to steal assets like the USDC stablecoin and Astroport tokens. Early estimates suggest around $5.28 million worth of tokens were compromised. Terra Takes Emergency Action In response to the breach, Terra quickly put out an emergency update to fix the vulnerability and protect against future attacks. The team announced, “We will work with…

Crypto investors are worried about stricter regulations in the UK after Coinbase’s UK branch was hit with a $4.5 million fine. This fine was imposed on July 25 for not following a voluntary agreement with the Financial Conduct Authority (FCA), which required them to avoid high-risk customers. This fine is the first time the FCA has used its power under the Electronic Money Regulations 2011 Act, leading to fears of a broader crackdown on crypto exchanges. However, legal experts think this is a one-time issue rather than a sign of tougher rules for the entire industry. FCA’s Fine Seen as…

Executives from Metaplanet and Semler Scientific revealed that their companies, once considered “zombie” firms, transformed their fortunes by adopting MicroStrategy’s Bitcoin strategy. At the Bitcoin Conference in Nashville on July 25, Semler Scientific’s chairman, Eric Semsler, shared that the company was inspired by Michael Saylor’s discussions about zombie companies. Semsler acknowledged that despite being cash-rich, the company struggled with stagnant stock performance. Semler decided to invest in Bitcoin as a strategic use of their capital, a move that has led to a 40% increase in their share price since their initial Bitcoin purchase on May 28. Despite a current 3.6%…

Bitcoin’s recent dip below $65,000 is attributed more to market sentiment and seasonal trends than to Mt. Gox creditors selling their Bitcoin. CryptoQuant founder Ki Young Ju dismissed concerns about an immediate price drop due to Mt. Gox sales, stating on July 24, “The feared instant dump didn’t happen. Price fluctuations are more likely due to market sentiment.” Crypto trader “Roman” also dismissed these concerns as “FUD” (fear, uncertainty, doubt). The price drop, a 2.5% decline over 24 hours, has resulted in the liquidation of $24.68 million in long positions. Bitcoin is currently trading at $64,247 and faces the risk…

Igloo, Inc., the company behind the Pudgy Penguins NFT, has announced it raised $11 million in funding for its latest blockchain project. The round, led by Peter Thiel’s Founders Fund, will support the development of a new Ethereum-based Layer 2 solution aimed at boosting crypto adoption. Igloo Targets Consumer Blockchain The press release on Tuesday revealed that Igloo will use the funds to support Cube Labs, a new venture focused on developing Abstract, a Layer 2 platform designed for widespread crypto adoption. Abstract aims to create opportunities for crypto developers and major brands globally by integrating digital ownership technology into…