Cryptocurrency Analysis and News Portal
The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes
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A Bitcoin user assumed ownership of hacked funds involved in a record-breaking transaction where miner AntPool received over 83 BTC in fees. An unknown X user claimed to be the victim of a hack connected to the largest Bitcoin (BTC) fee paid for a single transaction to date. On Nov. 24,
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On Nov. 23 an unknown Bitcoin owner sent 139.4 BTC to AntPool, triggering over $3 million in fees. According to journalist Colin Wu, the transaction fee was 83.65 BTC. According to mempool, today bc1qn3d…wekrnl paid a fee of 83.65 BTC (approximately $3.136 million) when transferring 139.42 BTC to bc1qyf…km36t4, and finally
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Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.The Federal Reserve said the bug was caused by a "processing issue" in the Automated Clearing House — a payment processing network widely
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Elon Musk’s social media platform, X (formerly Twitter), is worth less than half of what the tech billionaire bought it for in October last year, an internal memo has reportedly revealed.According to an Oct. 30 report from Bloomberg, the internal memo and sources familiar with the matter said that restricted
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The Ethereum Foundation, created by the blockchain’s famous founder, Vitalik Buterin, and set up to support development of the network, boasts a workforce of roughly 150 people, according to the slide presentation. Most of the focus is on constant programming upgrades, growth initiatives, sponsoring developer conferences and providing grants. Original Source
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Caroline Ellison, on day six of United States v Bankman-Fried, testified that FTX’s founder continued to lie to the public while liquidity and assets dried up behind the scenes. The second week of Bankman-Fried’s fraud for fraud allegations set headlines ablaze as former Alameda Research boss Caroline Ellison accounts of “Sam
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About 88% of employees working in the broader blockchain industry work remotely. However, only 3% receive their compensation in digital assets. According to Pantera Capital research, one in five of the 1,600 respondents had ever accepted payment in crypto. The majority preferred stablecoins like tether (USDT) or USD Coin (USDC), only 13%
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A Bitcoin miner who mistakenly received the 19.8 BTC in fees returned the funds to the New York-based regulated blockchain, Paxos. On Sept. 10, a BTC transaction that moved only nearly $2,000 had a payment fee of $500,000. Later, on Sept. 13, it was revealed that Paxos made the transaction. The company
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Blockchain infrastructure platform Paxos is said to be behind what appears to be the largest fee paid for one Bitcoin transaction. Paxos, a New York-based regulated blockchain firm behind stablecoins PYUSD, BUSD and USDP, appears to be the entity that overpaid $500,000+ to move just 0.074 BTC (~$1,911 at that time) to
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