Blockchain analytics firm Santiment says that Bitcoin (BTC) whales aren’t showing interest in taking profits as BTC continues to build strength.
The firm says that Bitcoin entities holding between 100 and 10,000 BTC now hold 9.28 million coins, or about 44% of the total supply, which is an all-time high for the investor cohort.
The transaction capacity on the Ethereum mainnet has doubled since the activation of the long-anticipated London hard fork on August 5.
A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment company. This is the first time a Brazilian court order initiated a bitcoin sale from seized assets in the country.
The NFT craze is still around and the OpenSea marketplace has emerged as a hot destination and decentralized platform for trading non-fungible tokens (NFTs). Amid the ongoing NFT frenzy, OpenSea has hit another milestone with its daily trading volumes hitting a record high of over $78 million, on Sunday, August 8.
Gold prices have tanked during the Monday morning Asian trading session, compounding losses accumulated over the past week.
On August 9, the price of gold quickly fell to its lowest level since March as a flash crash drove prices below $1,700/oz.
The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation, and will impose broad third-party reporting requirements on any crypto firm deemed to comprise a “broker.”
Facebook has recently announced that it will shift to a “metaverse company.” This is a big deal, as Facebook has over 3 billion users, making it the largest social network in the world. This move is a powerful propellant for the emerging metaverse sector as a whole, which is bringing businesses into the sector.
Non-fungible token (NFT)-powered play-to-earn game Axie Infinity (AXS) has seen a series of explosions, surpassing USD 1bn in sales volume, hitting 1m daily active users, and becoming "the most valuable NFT collection ever," among others.
As the crypto regulatory landscape evolves, a group of law firms in London has come together to launch a global crypto frauds network thereby putting the U.K. at the center stage of handling global disputes in the crypto industry.
Blockchain Australia, an association representing the local crypto industry, has warned that the country has fallen behind on the regulatory front due to the undue persistence of a dismissive “wild west” narrative.