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Updated: Sep 14, 2024
admin: zyfah (zie-fah) @fahyami
pizzapiehona
September 9, 2024, 7:35
📊 Bitcoin and Ethereum ETFs drop to new lows after week of bearish price action
After a bearish week for the prices of many crypto tokens—only three of the top 50 tokens by market cap gained on the week, as per The Block's price page—the value of U.S.-based spot bitcoin and spot Ethereum exchange-traded funds have hit new multi-month lows. On Friday, U.S. spot Bitcoin ETFs logged nearly $170 million worth of outflows, bringing the total cumulative value of the 12 funds on the market to $48.24 billion.
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pizzapiehona
September 7, 2024, 10:20
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pizzapiehona
September 7, 2024, 5:40
🇷🇺 Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining
Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone.
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pizzapiehona
September 6, 2024, 14:31
🇷🇺 Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions
According to blockchain analytics provider Chainalysis, the Central Bank of Russia (CBR) is spearheading efforts to develop financial infrastructure that will enable the country to use cryptocurrencies for international trade and circumvent Western sanctions. Friday's Chainalysis policy and regulation report highlighted recent legislation passed by the Russian parliament that legalizes cryptocurrency mining and allows the use of cryptocurrencies for international payments.
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pizzapiehona
September 6, 2024, 3:29
🪙 Ether has underperformed bitcoin by 44% since switch to proof-of-stake: CryptoQuant
Ether has underperformed bitcoin by as much as 44% since the Ethereum blockchain's 'merge' to proof-of-stake almost two years ago, according to analysts. "Next week will mark two years since Ethereum switched to a proof-of-stake network, an upgrade known as The Merge. Since then, Ethereum has underperformed bitcoin by 44%," CryptoQuant analysts said.
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pizzapiehona
September 5, 2024, 4:30
🇳🇬 Nigerian court defers bail for ailing Binance executive to October
A Nigerian court has postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until Oct. 9. Judge Emeka Nwite issued the ruling on Sept. 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request.
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pizzapiehona
September 4, 2024, 18:32
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pizzapiehona
September 4, 2024, 13:11
💰 Bitcoin ETFs see $287.8 million outflow, largest since May 1
Farside data shows that Bitcoin ETFs experienced a significant outflow of $287.8 million on Sept. 3, marking the largest outflow since May 1, when $563.7 million exited the market. Eight ETF issuers recorded outflows, highlighting a broad retreat from Bitcoin ETF investments. Among the hardest hit was Fidelity’s FBTC, which saw a $162.3 million outflow, and Grayscale’s GBTC, with $50.4 million leaving the fund. Bitwise’s BITB ETF lost $25.0 million, while ARK’s ARKB ETF experienced a $33.6 million outflow.
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pizzapiehona
September 4, 2024, 7:30
👑 WazirX begins second phase of fiat withdrawals early, hackers begins moving funds
WazirX has begun the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3. The process was originally slated to begin on Sept. 9 and comes as the exchange faces the aftermath of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty shared the update on social media and said the exchange is continuing to do all it can to restore access to customer funds.
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pizzapiehona
September 3, 2024, 4:50
📊 Phishing scams dominate August’s $300M crypto losses – report
Blockchain security firm CertiK reported that crypto projects were exploited for a total of $310 million in August, the second-highest monthly total this year. The firm noted that $10.3 million of the stolen assets were recovered or returned, reducing the net loss to $300.6 million.
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