Social media giant Reddit has been quietly purchasing Bitcoin and Ethereum as part of its surplus cash and is holding an undisclosed amount of both tokens in its treasury for investment purposes.Details of the social media giant’s cryptocurrency exposure were revealed in an IPO prospectus filed with the SEC on February 22. The filing follows months of speculation about the company’s plans to go public.The company did not disclose the number of shares it would sell or the price range for the offering. However, this is expected to be one of the largest tech IPOs of the year.Cryptocurrency ExposureThe filing…
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In the lawsuit between the Crypto Open Patent Alliance (COPA) and Craig Wright, three key witnesses who had early interactions with Bitcoin creator Satoshi Nakamoto testified. Among them were early Bitcoin developers Martti Malmi and Mike Hearn, as well as Adam Back, the creator of Hashcash, a proof-of-work (PoW) algorithm. (…) Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong.advertising Read full disclaimer like this:good night…
Guy Turner, host of the Coin Bureau YouTube channel, expressed optimism about the Ethereum (ETH) layer 2 project. In a new strategy session, Turner told his channel’s 2.41 million subscribers that ETH’s Dencun update could spark a massive rally for layer 2 projects and picked his top four. The Dencun upgrade, scheduled to be released in March, aims to reduce Layer 2 transaction and data availability costs on leading smart contract platforms. Turner says: “With the Dencun upgrade getting closer, Ethereum’s Layer 2 is about to take off.” First, the trader said that Arbitrum (ARB) could maintain its upward momentum.…
join us telegram A channel to stay up to date on breaking news coverage The Ethereum ecosystem has seen a notable price surge over the past 24 hours. ChainEx is the most popular cryptocurrency on the Ethereum chain, and several other assets are also showing thrilling performance. Moreover, today’s data shows that ETH has finally risen above $3000, a trend that is leading the cryptocurrency market to a more bullish rally. The expected Dencun upgrade and other factors are fueling the trend seen on the ETH chart. Most popular cryptocurrencies on the Ethereum chain Nonetheless, several new cryptocurrency projects are…
Reddit filed a form to go public on Thursday, revealing that the company behind the social media site holds a small amount of cryptocurrency on its balance sheet.“We invested some of our excess cash reserves. Bitcoin BTC -0.37% And we have acquired Ether and we have acquired Ether and Matic as a means of payment for the sale of certain virtual goods and will continue to do so in the future,” the company said. From the S-1 filing. “As of December 31, 2023, we did not hold any digital assets other than Bitcoin and Ethereum for treasury purposes, and our…
Last week, seven out of eight Eth2 clients in active development succeeded in achieving a major milestone, moving from single-client to multi-client testnets under “Interop Lock-in”. With the exciting success of Eth2 development, we wanted to think about how we got to this point and what this means for the Ethereum network and ecosystem. Anyone who has followed Ethereum over the past few years will have become familiar with terms such as “Ethereum 2.0,” “Eth2,” or “Serenity.” Each of these represents a substantial upgrade to the Ethereum protocol, which has been envisioned in some form since before the network went…
As the Bitcoin halving approaches, the cryptocurrency sector is reflecting historical patterns that suggest a potential surge in market activity. Previously, Bitcoin experienced a price correction before each halving, which was a precursor to a significant rebound after the halving. For example, sharp declines in the price of Bitcoin were observed prior to the 2012, 2016, and 2020 halvings, which were followed by strong recoveries and massive surges in the cryptocurrency’s value, respectively. As of early 2024, Bitcoin has shown growth of 21%, sparking speculation that a bull market is imminent. But if history is any guide, the market could…
reporter Posted on: February 23, 2024 In the last 24 hours, close to a million ARBs were sold by a single company. Fund inflows have declined over the past few days. Arbitrum (ARB) has recently experienced a price decline after a period of time attempting to establish new price levels. This decline can be partially attributed to increased selling pressure that has occurred over the past few days. Arbitrum falls below $2 An examination of the Arbitrum price on AMBCrypto’s daily timeframe chart reveals a notable decline over the past few days. This was especially important considering previous attempts to…
Dogecoin whales are on the move once again as they have been caught buying hundreds of millions of dollars in DOGE. But what’s interesting about the recent trend of whales accumulating DOGE is the mystery behind these addresses. Because these are all new addresses. Dogecoin Whale Buying Continues According to Whale Alert, an on-chain data tracking platform for large-scale cryptocurrency transactions, there have been a number of interesting transactions performed by new Dogecoin whales. The first transaction was performed on February 16th by a wallet that received 515 million DOGE, worth approximately $44 million at the time. This wallet had…
CryptoCircuits is an innovative platform that allows individuals to earn passive income through the creation and sale of NFTs (Non-Fungible Tokens). NFTs are unique digital assets stored on the blockchain that make them unique and valuable. CryptoCircuits allows users to tap into this emerging market and make money without having to actively manage their investments. Getting Started with CryptoCircuits To get started with CryptoCircuits, you need to create an account on the platform and connect your digital wallet. Once your account is set up, you can start creating NFTs by uploading digital art, music, video, or other digital content to…