Former President Donald Trump appears to have sold $2.4 million worth of Ethereum, according to blockchain data that Arkham Intelligence has been tracking for several months.“I think Donald Trump is selling his stuff. ETH +6.01% “Arkham wrote “Three weeks ago, he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His highest balance was $4 million. Based on deposits, so far he has sold 1,075 ETH for $2.4 million.”Arkham first identified digital assets believed to belong to Trump last August. The company based its findings on financial disclosures the former president filed earlier that month.Trump’s NFT CollectionDonald…
Author: Crypto Flexs
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Grayscale Investments has amended its S-3 filing with the Securities and Exchange Commission (SEC). This move aimed In the process of converting Grayscale Bitcoin Trust (GBTC) to Bitcoin Exchange Traded Fund (ETF). In particular, this amendment follows the resignation of Grayscale Chairman Barry Silbert and opens a new chapter in the direction of the company. Compliance and strategic positioning Grayscale’s amendments reflect compliance with the SEC’s guidance, specifically redirecting the company to accept only cash orders. This decision is not just a compliance strategy. This means a strategic change. Grayscale is positioned to compete with major players such as: black…
The United Nations Internet Governance Forum (IGF) has launched a pilot program to establish decentralized autonomous organizations (DAOs), embarking on a pioneering venture in governance and technology. This effort, released on December 21, 2023, represents a notable step forward in examining the use of blockchain technology within public sector organizations. This initiative, led by IGF’s Dynamic Coalition for Blockchain Assurance and Standardization, seeks to demonstrate the capabilities of DAOs in fostering transparent, rules-driven governance frameworks. It holds the promise of transforming the operating dynamics of public sector organizations. The UN leads governance innovation through blockchain. UN-IGF is pursuing a…
Blocks are downloaded serially from specific peers, but a node can download blocks from multiple peers at the same time, effectively downloading blocks in parallel. This parallel download involves downloading different blocks from different peers, rather than downloading different parts of the same block from different peers. This design allows nodes to download the blockchain faster because they are not limited by the upload speed of a single peer. It also adds a layer of redundancy. Even if blocks are downloaded in parallel, they must be processed sequentially. This is essential for nodes to maintain accurate information about existing, unspent…
The CAKE token issued by PancakeSwap recently recorded an incredible increase of 54% in just 7 days, which is a notable event in the blockchain and decentralized finance (DeFi) industry. PancakeSwap’s growing reputation in the decentralized finance industry is evidenced by the fact that the token’s market value has reached approximately $900 million, with a fully diluted value of $1.3 billion. Strategically Burn Tokens The strategic choice made by PancakeSwap to perform a token burn on December 26 resulted in the destruction of over 10 million CAKE tokens, worth approximately $34 million. This had a significant impact on the CAKE…
Data from an on-chain analytics platform shows that whales are paying attention to two altcoins: Chainlink (LINK) and Maker (MKR). Bitcoin (BTC) dominance has been on the decline for about a month. However, the BTC price did not fall significantly. This suggests that whales are cycling funds from BTC to altcoins. Will Chainlink (LINK) become whales’ favorite altcoin again? According to data from Spotonchain, whale wallet 0x8ead withdrew 136,146 LINK worth about $2.05 million from Binance on Wednesday. The platform also shows that whales have withdrawn a total of 348,007 LINK worth $5.58 million over the past nine days. Finally,…
The total value of Swell, a liquid staking protocol, was fixed at double this month to 108,000 ether, worth about $245 million.Since the beginning of December, Swell has recorded approximately $125 million in ETH deposits, making it the fourth largest liquid staking protocol. According to Dune data compiled by Dragonfly analyst Hildobby, the protocol currently lags behind major protocols such as Lido with 9 million ETH, Rocket Pool with 846,000 ETH, and Frax with 236,000 ETH.The surge in Swell inflows coincides with the team issuing swETH, a liquid staking token, and announcing “Pearl” rewards in the form of points for…
Infosys, one of the leading information technology service providers, suffered a major blow when the multinational company decided to cancel a $1.5 billion memorandum of understanding (MOU) centered on artificial intelligence solutions. This agreement, which was first negotiated as a 15-year agreement in September 2023, expires, bringing significant changes to the way Infosys leads the company. Changes in the information technology services industry’s technology budget and demand environment were reflected in the company’s disclosure of the incident in an exchange filing on December 23. Announced on September 14, 2023, the transaction aims to enhance digital experiences and modernize enterprise processes…
If you enjoyed GameArt’s Road to Christmas, stay tuned. Because we’re heading straight into one of the most grueling matchups of the year with them in the Top 100 tournament. This is like the final boss level of 2023. At this level you can share in a huge prize pool of €100,000. From December 29 to January 7, we don’t just ring in the new year. It’s about winning big and starting 2024 with deep pockets and a good feeling. Whether you’re a slots slinging pro or just looking to have fun, The Top 100 is your chance to make…
Michael Saylor’s MicroStrategy currently holds about 189,150 bitcoins, worth over $8 billion as of December 27. According to Michael Saylor, who founded the company in 1989, MicroStrategy purchased an additional 14,620 bitcoins (BTC) at an average price of $42,110 per coin. expenditure Recent BTC purchases amounted to $615.7 million. Saylor began purchasing BTC in 2020 following the global pandemic as he sought to mitigate “the eroding threat of inflation.” MicroStrategy has since put about $5.9 billion into Bitcoin. Saylor’s investment strategy means the company has acquired the cryptocurrency’s top tokens through a mix of cash, debt and equity, generating around…