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Bitcoin and Solana ETPs lead $3.3B crypto inflow rebound: CoinShares
1 month ago Timilehin Ajewole Comments Off on Bitcoin and Solana ETPs lead $3.3B crypto inflow rebound: CoinShares
Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows. Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, near the record high in August. Last month, crypto ETPs saw an all-time high AUM of $244 billion. The Read More
Web3 white hats earn millions, crushing $300K traditional cybersecurity jobs
1 month ago Timilehin Ajewole Comments Off on Web3 white hats earn millions, crushing $300K traditional cybersecurity jobs
Top white hats hunting vulnerabilities across decentralized protocols in Web3 are earning millions, dwarfing the $300,000 salary ceiling in traditional cybersecurity roles. “Our leaderboard shows researchers earning millions per year, compared to typical cybersecurity salaries of $150-300k,” Mitchell Amador, co-founder and CEO of bug bounty platform Immunefi, told Cointelegraph. In crypto, “white hats” refers to Read More
Tron’s gas fee reduction cuts daily revenue by 64% in 10 days
1 month ago Timilehin Ajewole Comments Off on Tron’s gas fee reduction cuts daily revenue by 64% in 10 days
Tron’s recent fee reduction has significantly cut into the revenue earned by its block producers, according to a new report from CryptoQuant. The total daily network fees for Tron’s block producers, known as Super Representatives, dropped to $5 million on Sept. 7, the lowest level in over a year. That’s a 64% revenue decline in 10 days, Read More
Gemini launches derivatives and ETH, SOL staking in Europe
2 months ago Timilehin Ajewole Comments Off on Gemini launches derivatives and ETH, SOL staking in Europe
Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss, is expanding in Europe with new staking and derivatives offerings. Gemini users in the European Economic Area (EEA) can stake Ether ETH$4,317 and Solana SOL$203.40, as well as trade perpetual contracts denominated in Circle’s USDC USDC$0.9997stablecoin, the company told Cointelegraph on Friday. The launch follows Gemini’s approval under Markets in Crypto-Assets Regulation (MiCA) in Read More
Metaplanet clears path for $3.7B Bitcoin accumulation strategy
2 months ago Timilehin Ajewole Comments Off on Metaplanet clears path for $3.7B Bitcoin accumulation strategy
Japanese Bitcoin-stacking company Metaplanet secured shareholder approval to overhaul its capital structure, clearing a path for billions in potential fundraising earmarked for its Bitcoin accumulation strategy. At an extraordinary general meeting on Monday, investors backed amendments to the company’s articles of incorporation to expand its authorized shares to 2.7 billion. It also introduced a new dual-class preferred Read More
Bitcoin market cycles not anchored around halvings: Analyst
2 months ago Timilehin Ajewole Comments Off on Bitcoin market cycles not anchored around halvings: Analyst
Bitcoin’s market cycles are not anchored around its halving events as widely believed, according to analyst James Check, who says other factors drive bull and bear cycles. “In my opinion, Bitcoin has experienced three cycles, and they are not anchored around the halvings,” Check said on Wednesday, referring to the blockchain’s cutting of mining rewards that typically Read More
Solo Bitcoin miner secures $371,000 in surprise block win
2 months ago Timilehin Ajewole Comments Off on Solo Bitcoin miner secures $371,000 in surprise block win
A solo miner successfully mined a Bitcoin block on Sunday, collecting a 3.137 BTC payout, worth about $371,000 at the time. The miner operated through the Solo CK pool, a service for solo miners. They mined block 910,440 and collected the standard 3.125 BTC and about 0.012 BTC in transaction fees. The block included 4,913 transactions, and the Read More
BTCS to pay out loyalty in ETH to deter ‘predatory short-sellers’
2 months ago Timilehin Ajewole Comments Off on BTCS to pay out loyalty in ETH to deter ‘predatory short-sellers’
Ethereum treasury firm BTCS Inc. will issue a one-time Ether dividend payment and a loyalty payment, totaling $0.40 per share in ETH, to reward shareholders and limit “predatory short-selling.” “These payments are designed to reward our long-term shareholders and empower them to take control of their investment by reducing the ability of their shares to Read More