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Bitcoin whale that sat through the March 2020 crash moves $378 million

Bitcoin whale that sat through the March 2020 crash moves $378 million

3 weeks ago by Crypto InsightsCrypto

A bitcoin BTC$83,696.96 whale that received its coins days before the Covid crash of March 2020 and sat through it has moved $377.6 million worth of them. The wallet, 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x, sent roughly 4,582 BTC to five addresses on Monday, according to blockchain data from Arkham… Read More

Companies linked to Trump-backed WLFI sue BitGo for $141 million

Companies linked to Trump-backed WLFI sue BitGo for $141 million

4 weeks ago by Crypto InsightsCrypto

“The discount BitGo received was conditional on the tokens remaining locked, and they were moved to exchanges roughly two months before the first unlock,” DWF said, according to the FT’s report. “We raised this with BitGo in April and May, and with no undertaking forthcoming,… Read More

Samsung taps Solana and Sui to launch zero-fee USDC global remittances on 82 million phones

Samsung taps Solana and Sui to launch zero-fee USDC global remittances on 82 million phones

4 weeks ago by Crypto InsightsCrypto

Through this integration, users will be able to send Circle’s stablecoin, USDC, the world’s second-largest dollar-pegged token preferred by institutions for its strong regulatory backing. Use of stablecoins in cross-border transactions has expanded robustly this year due to low transaction costs, according to the IMF’s… Read More

Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil

Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil

4 weeks ago by Crypto InsightsCrypto

“Businesses need to know the commitments behind payments and credit will be honored,” Joey Krug, a partner at Founders Fund, said in the announcement. “Anvil lets them secure those commitments with verifiable digital asset collateral, and the new SDK makes it easier to integrate into… Read More

Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal

Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal

1 month ago by Crypto InsightsCrypto

Coinbase spent enough to make the top-ten in the overall category of securities and investment lobbying, according to OpenSecrets.org, above even Goldman Sachs Group Inc. and Andreessen Horowitz. In U.S. law, lobbying must be legally disclosed through federal filings (though plenty of soft lobbying happens… Read More

Bitget hackers move $4 million into Zcash’s private pool, making funds harder to trace

Bitget hackers move $4 million into Zcash’s private pool, making funds harder to trace

1 month ago by Crypto InsightsCrypto

Wallets linked to Bitget’s $387.5 million hack moved about $3.9 million in zcash (ZEC) into the cryptocurrency’s private payment system on Wednesday, making the stolen funds harder to follow as the exchange tries to recover them. CoinDesk’s review of transaction records found that 2,746 ZEC… Read More

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