Settlement with Genesis Gemini has reached an agreement with Genesis and other creditors to repay all Earn Program customers. This means that customers will receive 100% of their digital assets back, regardless of their value when they were deposited. Value of Assets The total value of the assets to be returned is over $1.8 billion,…
Mishandled Funds Resolved Binance, the largest cryptocurrency exchange, has recovered $4.4 billion in digital assets for users who faced issues with deposits in the past two years. These issues could arise from incorrect wallet addresses, incompatible tokens, or blockchain updates. Binance successfully resolved over 380,000 cases in 2022 and 2023, ensuring that users’ funds were…
Realized Cap Bitcoin’s Realized Cap, which measures the total investment in the cryptocurrency, has reached a new record high. This indicates that more money than ever before is being invested in Bitcoin. Accumulation Trend Data shows that Bitcoin investors are actively accumulating the cryptocurrency. The Accumulation Trend Score, which tracks the buying and selling behavior…
Crypto analyst Inmortal believes the small-cap altcoin Constellation (DAG) is poised for a surge. Accumulation and Breakout DAG has been accumulating for over 400 days, with a breakout and retest now complete. Inmortal predicts it will reach around $0.12 by June. Scalable Distributed Network Constellation’s layer-0 protocol allows developers to build blockchains, mint crypto assets,…
Skyrocketing Potential Dan Tapiero, CEO of investment firm 10T Holdings, believes Bitcoin (BTC) could surge to $150,000-$200,000 this year. This would represent a 153%-237% increase from its current price. Tapiero suggests that once Bitcoin breaks above $70,000, it will quickly climb to $90,000. He notes that despite Bitcoin’s recent 100% rally, it does not appear…
A crypto analyst known as Altcoin Sherpa predicts that Dogecoin (DOGE) and Shiba Inu (SHIB) are poised for significant gains. DOGE and SHIB: Long-Term Potential Altcoin Sherpa believes both memecoins have undergone a lengthy accumulation phase and are now ready for a surge. However, he cautions that they are unlikely to reach their previous all-time…
Anthony Scaramucci, CEO of SkyBridge Capital, believes Bitcoin could reach $200,000 by 2024. Halving Event Catalyst Scaramucci predicts a surge in Bitcoin’s value after its halving event in April, where miners’ rewards will be cut in half. Historically, Bitcoin has experienced a significant price increase after halving events. Supply and Demand Dynamics Scaramucci attributes Bitcoin’s…
Recent Transactions The US government has recently transferred a whopping 15,085 Bitcoin (BTC), worth around $923 million. This transfer was detected by Arkham Intelligence, a blockchain analytics firm. The funds came from two government-owned wallets that contained BTC seized from the Bitfinex hack in 2016. The transfers were made in four separate transactions over a…
The Shiba Inu team has teamed up with Zama, a security company, to launch a new encryption standard. This upgrade aims to make SHIB more secure and support the growth of its ecosystem. Fully Homomorphic Encryption (FHE) The new encryption tool, called FHE, allows users to process encrypted data without decrypting it first. This makes…
Post-FTX Ventures Former employees of FTX and Alameda Research have launched Backpack, a cryptocurrency exchange, with $17 million in funding. This venture is part of a wave of startups emerging in the wake of FTX’s collapse. Backpack’s Offerings Backpack has raised $120 million in Series A funding and offers a range of products, including: Cryptocurrency…
