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The United States is investigating vulnerabilities in the iOS version of TrustWallet
The National Institute of Technology and Standards, a non-regulatory agency in the United States responsible for setting cybersecurity standards in the country, has discovered a potential vulnerability in the iOS version of Binance Wallet Trust. This vulnerability was recently added to the CVE database and indicates serious problems that could cause harm to users. According to this information, attackers have already used this vulnerability. In the course of several exploits in 2023, more than 4 million dollars were stolen from Trust Wallet users' assets. A Binance spokesperson said that this wallet is now a separate legal entity and operates independently of Binance.
The United States is investigating vulnerabilities in the iOS version of TrustWallet
The National Institute of Technology and Standards, a non-regulatory agency in the United States responsible for setting cybersecurity standards in the country, has discovered a potential vulnerability in the iOS version of Binance Wallet Trust. This vulnerability was recently added to the CVE database and indicates serious problems that could cause harm to users. According to this information, attackers have already used this vulnerability. In the course of several exploits in 2023, more than 4 million dollars were stolen from Trust Wallet users' assets. A Binance spokesperson said that this wallet is now a separate legal entity and operates independently of Binance.
#sanor016CommUNITY @Bitcoin.org @sanor016 @Blockchain.News @BitcoinKE
Cryptocurrency: 75% of new Bitcoin investments are related to ETFs
According to a recent CryptoQuant report, spot ETFs, with the exception of the Grayscale fund, accounted for about 75% of Bitcoin investments in the past two weeks. Julio Moreno, head of research at CryptoQuant, believes that demand for spot ETFs has been the main driver behind the recent rise in bitcoin prices. Spot bitcoin ETFs have accumulated a total of 4,115 bitcoins worth approximately $253 million, according to Farside data.
Cryptocurrency: 75% of new Bitcoin investments are related to ETFs
According to a recent CryptoQuant report, spot ETFs, with the exception of the Grayscale fund, accounted for about 75% of Bitcoin investments in the past two weeks. Julio Moreno, head of research at CryptoQuant, believes that demand for spot ETFs has been the main driver behind the recent rise in bitcoin prices. Spot bitcoin ETFs have accumulated a total of 4,115 bitcoins worth approximately $253 million, according to Farside data.
#sanor016CommUNITY @Blockchain.News @Blockchain.News @Bitcoin.org @Binance
Over the past four days, 43,300 bitcoins have flown into the Spot Bitcoin ETF, and another 12,000 bitcoins were reported to have flown in on February 14. But there are also negative factors that can put pressure on the Bitcoin market. One of them is that Genesis Global, one of the largest investors in the Grayscale Bitcoin Fund (GBTC), has been authorized to sell 35 million shares of GBTC. This action can cause a decrease in the price of GBTC and thus the price of Bitcoin. Another downside is that the US government has announced plans to sell 2,875 bitcoins seized from Silk Road, a clandestine online marketplace for drugs and weapons. This action can also increase the supply of Bitcoin in the market and decrease its price.
Over the past four days, 43,300 bitcoins have flown into the Spot Bitcoin ETF, and another 12,000 bitcoins were reported to have flown in on February 14. But there are also negative factors that can put pressure on the Bitcoin market. One of them is that Genesis Global, one of the largest investors in the Grayscale Bitcoin Fund (GBTC), has been authorized to sell 35 million shares of GBTC. This action can cause a decrease in the price of GBTC and thus the price of Bitcoin. Another downside is that the US government has announced plans to sell 2,875 bitcoins seized from Silk Road, a clandestine online marketplace for drugs and weapons. This action can also increase the supply of Bitcoin in the market and decrease its price.
#sanor016CommUNITY @sanor016 @Bitcoin.org @Blockchain.News
Integrating Clayton and Finskia blockchains to create Asia's largest Web 3 ecosystem
Layer 1 blockchains Clayton and Finskia released a statement announcing that the proposal to merge these two networks has been officially approved by the governing members of both foundations. A part of this statement reads: "Our effort to create the largest Web 3 ecosystem in Asia will culminate with the formation of an inclusive governance with the participation of more than 45 companies, 420 decentralized applications and a user pool with more than 250 million wallets in this region. Receipt". The two entities said they will create a new foundation in Abu Dhabi to lead the merger process. The new blockchain mainnet will be compatible with the Ethereum virtual machine and the CosmWasm platform.
Integrating Clayton and Finskia blockchains to create Asia's largest Web 3 ecosystem
Layer 1 blockchains Clayton and Finskia released a statement announcing that the proposal to merge these two networks has been officially approved by the governing members of both foundations. A part of this statement reads: "Our effort to create the largest Web 3 ecosystem in Asia will culminate with the formation of an inclusive governance with the participation of more than 45 companies, 420 decentralized applications and a user pool with more than 250 million wallets in this region. Receipt". The two entities said they will create a new foundation in Abu Dhabi to lead the merger process. The new blockchain mainnet will be compatible with the Ethereum virtual machine and the CosmWasm platform.
#sanor016CommUNITY @Bitcoin.org @sanor016 @Blockchain.News
$2.4 billion withdrawal from gold ETFs in 2024; Unlike Bitcoin ETFs
According to Eric Balchunas, senior analyst at Bloomberg Intelligence, a total of 14 top gold ETFs have seen $2.4 billion in outflows since the beginning of 2024. While, according to Farside data, the value of capital inflows to 10 spot bitcoin ETFs since their launch on January 11 (Dec 21) has reached a total of $3.89 billion. Of course, Balchunas believes this doesn't necessarily mean investors are moving from gold ETFs to spot bitcoin ETFs, but could simply be the result of fomo in the US stock market.
$2.4 billion withdrawal from gold ETFs in 2024; Unlike Bitcoin ETFs
According to Eric Balchunas, senior analyst at Bloomberg Intelligence, a total of 14 top gold ETFs have seen $2.4 billion in outflows since the beginning of 2024. While, according to Farside data, the value of capital inflows to 10 spot bitcoin ETFs since their launch on January 11 (Dec 21) has reached a total of $3.89 billion. Of course, Balchunas believes this doesn't necessarily mean investors are moving from gold ETFs to spot bitcoin ETFs, but could simply be the result of fomo in the US stock market.
#sanor016CommUNITY @sanor016 @Blockchain.News @Bitcoin.org
The volume of open contracts in Bitcoin futures trading reached a two-year high
Glassnode data shows that the volume of open contracts for Bitcoin permanent futures trading has experienced a significant increase this month and reached $9.716 billion on February 1 (February 12) to $12.742 billion on February 12 (February 23). This figure is the highest recorded since December 2021 (Azer 1400). Given that traders usually use perpetual futures contracts as short-term trading strategies, an increase in this indicator means the growth of speculative activities in the Bitcoin trading market.
The volume of open contracts in Bitcoin futures trading reached a two-year high
Glassnode data shows that the volume of open contracts for Bitcoin permanent futures trading has experienced a significant increase this month and reached $9.716 billion on February 1 (February 12) to $12.742 billion on February 12 (February 23). This figure is the highest recorded since December 2021 (Azer 1400). Given that traders usually use perpetual futures contracts as short-term trading strategies, an increase in this indicator means the growth of speculative activities in the Bitcoin trading market.
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org
Citibank is testing the issuance of tokenized securities on the blockchain
Citibank, the financial services and banking arm of Citigroup, announced on Wednesday that it is working with Ava Labs to test issuing tokenized securities on the Avalanche blockchain to expand adoption of distributed ledger technology on Wall Street. The results of this test will determine whether or not Citibank plans to offer its blockchain-based services in the near future. Also, the bank is working with Wisdomtree and Wellington to develop its "proof of concept" protocol. According to Citibank, the rules for the distribution of funds are embedded in the Wellington Fund smart contract, and Wisdomtree determines how tokens are distributed among customers
Citibank is testing the issuance of tokenized securities on the blockchain
Citibank, the financial services and banking arm of Citigroup, announced on Wednesday that it is working with Ava Labs to test issuing tokenized securities on the Avalanche blockchain to expand adoption of distributed ledger technology on Wall Street. The results of this test will determine whether or not Citibank plans to offer its blockchain-based services in the near future. Also, the bank is working with Wisdomtree and Wellington to develop its "proof of concept" protocol. According to Citibank, the rules for the distribution of funds are embedded in the Wellington Fund smart contract, and Wisdomtree determines how tokens are distributed among customers
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org
Genesis received court approval to sell $1.6 billion of Grayscale shares
A judge on Wednesday granted Genesis' request, allowing the bankrupt lender to sell its shares of Gary Scale's bitcoin ETF.
The proposal allows the debtors to begin selling shares at their discretion and does not set a timetable. US Bankruptcy Judge Sean Lin also rejected the cryptocurrency group's request for advice on the stock.
As part of his approval, Judge Lane added that the debtors could convert the shares into bitcoins or cash. Genesis' lawyer estimated the value of Greyscale's Genesis stock at $1.6 billion.
Genesis received court approval to sell $1.6 billion of Grayscale shares
A judge on Wednesday granted Genesis' request, allowing the bankrupt lender to sell its shares of Gary Scale's bitcoin ETF.
The proposal allows the debtors to begin selling shares at their discretion and does not set a timetable. US Bankruptcy Judge Sean Lin also rejected the cryptocurrency group's request for advice on the stock.
As part of his approval, Judge Lane added that the debtors could convert the shares into bitcoins or cash. Genesis' lawyer estimated the value of Greyscale's Genesis stock at $1.6 billion.
#sanor016CommUNITY @sanor016 @Blockchain.News @BitcoinKE @Bitcoin.org
BlackRock's total Bitcoin assets reached $5.45 billion
Financial titan BlackRock has just invested an additional $518 million in Bitcoin (BTC).
BlackRock added 1,0003 bitcoins to its exchange-traded fund (ETF) on Wednesday, according to Lookonchain.
In this way, BlackRock's total assets reached 105,280 bitcoins ($5.45 billion).
BlackRock's total Bitcoin assets reached $5.45 billion
Financial titan BlackRock has just invested an additional $518 million in Bitcoin (BTC).
BlackRock added 1,0003 bitcoins to its exchange-traded fund (ETF) on Wednesday, according to Lookonchain.
In this way, BlackRock's total assets reached 105,280 bitcoins ($5.45 billion).
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org @Ethereum
Robinhood reported that cryptocurrency revenue rose 10% to $43 million in the fourth quarter of 2023, beating revenue and sales estimates.
Coindesk reported that the increase in revenue, driven by increased cryptocurrency trading volume, could bode well for Coindesk's counterpart in the cryptocurrency trading platform space, Coinbase, as it prepares for an earnings release.
Robinhood reported that cryptocurrency revenue rose 10% to $43 million in the fourth quarter of 2023, beating revenue and sales estimates.
Coindesk reported that the increase in revenue, driven by increased cryptocurrency trading volume, could bode well for Coindesk's counterpart in the cryptocurrency trading platform space, Coinbase, as it prepares for an earnings release.
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org
Long-term investors have sold 300,000 bitcoins since November 2023
Glassnode data shows that long-term investors have sold about 299,500 bitcoins worth $14.996 million since bitcoin's price peaked last November. Of course, about 151,500 bitcoins from the total figure were related to the assets that were withdrawn from the Grayscale Bitcoin Trust fund. According to this data, although the price of Bitcoin is still about 28% below its peak, only 13% of investors' assets are in losses.
Long-term investors have sold 300,000 bitcoins since November 2023
Glassnode data shows that long-term investors have sold about 299,500 bitcoins worth $14.996 million since bitcoin's price peaked last November. Of course, about 151,500 bitcoins from the total figure were related to the assets that were withdrawn from the Grayscale Bitcoin Trust fund. According to this data, although the price of Bitcoin is still about 28% below its peak, only 13% of investors' assets are in losses.
#sanor016CommUNITY @BitcoinKE @Blockchain.News @sanor016 @Bitcoin.org
The market value of Bitcoin once again reached one trillion dollars
After the price of Bitcoin jumped above $51,000, the total market value of this digital currency exceeded one trillion dollars. Currently, 19,627,443 bitcoins are in circulation, which is 93.46% of the total supply of 21 million units. Bitcoin's market cap last reached the $1 trillion mark in November 2021 (Aban 1400), during a bullish run that ultimately pushed the asset's price to its highest level.
The market value of Bitcoin once again reached one trillion dollars
After the price of Bitcoin jumped above $51,000, the total market value of this digital currency exceeded one trillion dollars. Currently, 19,627,443 bitcoins are in circulation, which is 93.46% of the total supply of 21 million units. Bitcoin's market cap last reached the $1 trillion mark in November 2021 (Aban 1400), during a bullish run that ultimately pushed the asset's price to its highest level.
#sanor016CommUNITY @sanor016 @Blockchain.News @BitcoinKE @Bitcoin.org
StarNet token airdrop will be done next week among 1.3 million wallets
According to the Starknet Foundation, the airdrop of this layer 2 ethereum scalable network will officially take place on February 20 (1 Snafend), and approximately 1.3 million wallets are eligible to receive it. According to the foundation, the 728 million StarNet airdrop includes a wide range of people, from users and developers of the blockchain to Ethereum investors who have not yet used the network. StarNet noted that eligible users have until June 20 (31) to claim their tokens.
StarNet token airdrop will be done next week among 1.3 million wallets
According to the Starknet Foundation, the airdrop of this layer 2 ethereum scalable network will officially take place on February 20 (1 Snafend), and approximately 1.3 million wallets are eligible to receive it. According to the foundation, the 728 million StarNet airdrop includes a wide range of people, from users and developers of the blockchain to Ethereum investors who have not yet used the network. StarNet noted that eligible users have until June 20 (31) to claim their tokens.
#sanor016CommUNITY @BitcoinKE @sanor016 @Blockchain.News @Bitcoin.org
The value of assets managed by the BlackRock Spot ETF exceeded 100,000 bitcoins
According to BlackRock's official data, the value of assets under management of the company's spot bitcoin ETF reached 105,280 bitcoins last day. This means a growth of more than 3,700% of the assets under management of this fund from 2,621 bitcoins at the time of its launch on January 11 (December 21). Excluding the Greyscale Bitcoin ETF, iShares Bitcoin Trust is the first fund among new U.S. spot bitcoin ETFs to exceed 100,000 bitcoins in its 22nd trading day. Assets under the management of Grayscale ETF also decreased by 25% to 463,475 bitcoins during this period.
The value of assets managed by the BlackRock Spot ETF exceeded 100,000 bitcoins
According to BlackRock's official data, the value of assets under management of the company's spot bitcoin ETF reached 105,280 bitcoins last day. This means a growth of more than 3,700% of the assets under management of this fund from 2,621 bitcoins at the time of its launch on January 11 (December 21). Excluding the Greyscale Bitcoin ETF, iShares Bitcoin Trust is the first fund among new U.S. spot bitcoin ETFs to exceed 100,000 bitcoins in its 22nd trading day. Assets under the management of Grayscale ETF also decreased by 25% to 463,475 bitcoins during this period.
#sanor016CommUNITY @BitcoinKE @sanor016 @Blockchain.News @Bitcoin.org
About 230 million dollars of trading positions were liquidated by the jump in the price of Bitcoin
According to Glassnode data, as market volatility increased and Bitcoin price jumped to $51,000, nearly $300 million worth of digital currency trading positions were liquidated in the past 24 hours. The share of liquidated long and short Bitcoin transactions was 24.6 million and 72.5 million dollars, respectively. Ethereum long and short transactions accounted for 24.3 million and 29.1 million of the total liquidated transactions, respectively. The largest liquidated position worth $10.2 million was in the Bitcoin/Teter pair on the OKX exchange.
About 230 million dollars of trading positions were liquidated by the jump in the price of Bitcoin
According to Glassnode data, as market volatility increased and Bitcoin price jumped to $51,000, nearly $300 million worth of digital currency trading positions were liquidated in the past 24 hours. The share of liquidated long and short Bitcoin transactions was 24.6 million and 72.5 million dollars, respectively. Ethereum long and short transactions accounted for 24.3 million and 29.1 million of the total liquidated transactions, respectively. The largest liquidated position worth $10.2 million was in the Bitcoin/Teter pair on the OKX exchange.
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org
MemeCoin Pepe was listed on the Bitstamp exchange
Pepe, the Ethereum-based meme cryptocurrency inspired by the iconic character Pepe the Frog, has been listed on major exchange Bitstamp. Founded in 2011, this exchange is one of the oldest centralized cryptocurrency exchanges (CEX) with more than four million customers.
However, the price of Pepe unexpectedly faced a decrease in value; One of the reasons for this decrease is the liquidation of the profits of many investors who could not liquidate their assets before with the low market depth.
MemeCoin Pepe was listed on the Bitstamp exchange
Pepe, the Ethereum-based meme cryptocurrency inspired by the iconic character Pepe the Frog, has been listed on major exchange Bitstamp. Founded in 2011, this exchange is one of the oldest centralized cryptocurrency exchanges (CEX) with more than four million customers.
However, the price of Pepe unexpectedly faced a decrease in value; One of the reasons for this decrease is the liquidation of the profits of many investors who could not liquidate their assets before with the low market depth.
#sano016 #sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org
Gary Gensler: Bitcoin has the largest share in the ransomware market
US Securities and Exchange Commission (SEC) Chairman Gary Gensler told CNBC today that Bitcoin is a major contributor to the ransomware market. Gensler went on to voice his opposition to the asset and the industry as a whole, stressing that Bitcoin is the biggest tool in the hands of criminals and bad actors for blackmail because it is untraceable.
In a statement earlier, Gensler called Bitcoin a speculative and volatile asset that is used for illegal activities such as ransomware, money laundering, sanctions evasion and terrorist financing.
Gary Gensler: Bitcoin has the largest share in the ransomware market
US Securities and Exchange Commission (SEC) Chairman Gary Gensler told CNBC today that Bitcoin is a major contributor to the ransomware market. Gensler went on to voice his opposition to the asset and the industry as a whole, stressing that Bitcoin is the biggest tool in the hands of criminals and bad actors for blackmail because it is untraceable.
In a statement earlier, Gensler called Bitcoin a speculative and volatile asset that is used for illegal activities such as ransomware, money laundering, sanctions evasion and terrorist financing.
#sanor016CommUNITY @sanor016 @Blockchain.News @BitcoinKE @Bitcoin.org @Ethereum
According to a recent report, the head of the US central bank is looking for a legal framework for stablecoins
According to Politico, Federal Reserve Chairman Jerome Powell told House Democrats that the United States needs a legal framework for stablecoins.
In a closed-door meeting Tuesday with Democrats on the House Financial Services Committee, Jerome Powell said he was pleased that negotiations on the stablecoin legislation were "closer," according to a person who was there.
He also said that congressional approval is required for any central bank digital currency before the Fed can act on it.
"If we're going to have a central bank digital currency (CBDC), Congress has to authorize it," he said, according to the report.
According to a recent report, the head of the US central bank is looking for a legal framework for stablecoins
According to Politico, Federal Reserve Chairman Jerome Powell told House Democrats that the United States needs a legal framework for stablecoins.
In a closed-door meeting Tuesday with Democrats on the House Financial Services Committee, Jerome Powell said he was pleased that negotiations on the stablecoin legislation were "closer," according to a person who was there.
He also said that congressional approval is required for any central bank digital currency before the Fed can act on it.
"If we're going to have a central bank digital currency (CBDC), Congress has to authorize it," he said, according to the report.
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org @Ethereum @Ethereum Classic @Ethereum World News
Cathy Wood: The US Securities and Exchange Commission will only approve Bitcoin and Ethereum ETFs
In an interview with the Wall Street Journal, ArchEvent CEO Kathy Wood said she doesn't expect regulators to allow many cryptocurrency ETFs to be launched. "We would be surprised to see anything other than Bitcoin and Ethereum approved by the US Securities and Exchange Commission," he stated. The Wall Street Journal notes that Gary Gensler has described Bitcoin as a commodity in the past, but his stance on Ethereum is unclear. Also, Gensler's past statements confirm that the launch of spot Bitcoin ETFs does not imply the launch of ETFs for other cryptocurrencies.
Cathy Wood: The US Securities and Exchange Commission will only approve Bitcoin and Ethereum ETFs
In an interview with the Wall Street Journal, ArchEvent CEO Kathy Wood said she doesn't expect regulators to allow many cryptocurrency ETFs to be launched. "We would be surprised to see anything other than Bitcoin and Ethereum approved by the US Securities and Exchange Commission," he stated. The Wall Street Journal notes that Gary Gensler has described Bitcoin as a commodity in the past, but his stance on Ethereum is unclear. Also, Gensler's past statements confirm that the launch of spot Bitcoin ETFs does not imply the launch of ETFs for other cryptocurrencies.
#sanor016CommUNITY @sanor016 @BitcoinKE @Blockchain.News @Bitcoin.org
Paying $113,000 in fees to buy a token whose value reached zero
A user has paid over $113,000 in gas fees trying to buy $26,000 of a newly released ERC-404 token called "NewHandle". According to Etrascan data, the user exchanged 30 NuHandle tokens for 10 Ethereum and paid a total of 42.8 Ethereum in fees for the transactions. The price of this token increased from $6.8 at the time of launch to a peak of $70,000, but it went to zero in 35 minutes of the launch.
Paying $113,000 in fees to buy a token whose value reached zero
A user has paid over $113,000 in gas fees trying to buy $26,000 of a newly released ERC-404 token called "NewHandle". According to Etrascan data, the user exchanged 30 NuHandle tokens for 10 Ethereum and paid a total of 42.8 Ethereum in fees for the transactions. The price of this token increased from $6.8 at the time of launch to a peak of $70,000, but it went to zero in 35 minutes of the launch.