Cryptocurrency News Today TheBitTimes.com

For the first time in two years, Elon Musk’s Tesla has transferred all of its $760 million worth of Bitcoin assets from its public wallet. According to Arkham Intelligence data revealed Wednesday, the firm carried out multiple transactions to move its holdings out of its existing wallet. The move caused the BTC market to stir, with the asset reaching $67,0000 shortly after. Tesla transferred $75.18 million, $76.08 million, and $77.16 million in the first three significant transactions. This reportedly happened in quick succession. While the firm sent $76.08 million and $77.16 million to the same anonymous wallet, Tesla transferred $75.18 million to another unidentified wallet. So far, none of the Tesla Bitcoin have made it to exchange wallets or were swapped for stablecoins. This raises the question of why the Musk-founded company decided to make this move after two years of hoddling. The electric carmaker as of the time of the move was the fourth-largest corporate holder of bitcoin, ...

Bitcoin price dipped nearly 2% on Tuesday morning to trade at lows seen last Friday before rebounding slightly as of writing. This BTC price decline came after the latest crypto news around defunct cryptocurrency exchange Mt. Gox.  On May 28, Mt. Gox moved more than 141,000 BTC worth over $9.6 billion to a new unknown wallet. Data shows the transfers happened in several transactions, with chunks of between 3,999 BTC and 32,499 BTC. The latest on-chain data shows all of the coins are now transferred to the new address. As the market reacted to the news, Bitcoin price fell from highs of $70,000 to lows of $67,550. The flagship Crypto currency’s price had however rebounded to above $68,000. BTC remains 4% down this past week. BTC price and the Mt. Gox creditor repayment plan Mt. Gox was once the Crypto industry’s largest Bitcoin exchange before a 2014 hack saw it lose over 850,000 BTC . After years of waiting amid recovery efforts, creditors...

The DeRec Alliance, formed by key players in Hedera and Algorand eco system s, aims to create a decentralized digital asset recovery system . Hedera and Algorand eco system s, represented by HBAR Foundation and Algorand Foundation, recently announced the DeRec Alliance at the Crypto Finance Conference in St. Moritz. The alliance aims to develop a decentralized recovery system for digital assets, streamlining the process and aligning with conventional web2 practices. Co-founders Leemon Baird of Hedera and John Woods of Algorand introduced the initiative during a joint panel. 1/ Introducing the Decentralized Recovery (DeRec) Alliance: a collaboration between @SwirldsLabs, @AlgoFoundation, @HBAR_Foundation, @The_Hashgraph, & @DLT_Science to develop a standard which will greatly simplify the recovery & adoption of #DigitalAssets.https://t.co/6rP9gExc05 pic.twitter.com/5ifdAqqDr9 — Swirlds Labs (@swirldslabs) January 11, 2024 The DeRec Alliance seeks collaboration a...

Tether has blocked six new wallets on the Ethereum network, likely due to being linked to the Russia Finiko ponzi scheme .  According to blockchain intelligence firm ChainArgos, the wallets might have made suspicious transfers to Finiko-linked addresses. However, no other noticeable suspicious transactions were observed from these addresses. 1/4 @Tether_to just blacklisted 6 new wallets: On Ethereum: – 0x691169914a13465bd9528292f8fbdd0301354941 – 0x6d82a3743261e0ac77116f4cf153338bec3c69c6 – 0x016a2046689fc94eec7d23545693bc7b81dbabd1 – 0x873e288d432d1e8dd93defa63406fd9a80580491 -… — ChainArgos (@ChainArgos) December 20, 2023 You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ Finiko was a pyramid scheme launched in Russia in 2018, which saw victims lose up to $95 million. Last year, Interpol arrested the scam leader, Edvard Sabirov, in the UAE. However, several other members of the scam are still a...

Magic Eden has announced the launch of a multi-chain compatible crypto wallet browser extension, aiming to simplify user interaction across different blockchains. Magic Eden, a leading player in the NFT marketplace, is taking a significant step towards a more integrated and user-friendly crypto experience with its upcoming crypto wallet browser extension. This development, as announced by CEO and co-founder Jack Lu, is designed to support a multi-chain world for NFTs, addressing the current fragmentation and complexity in managing digital assets across different blockchains. Introducing Magic Eden Wallet, a wallet made for Magic Eden users and cross-chain collectors. Beta version is now live and only available to a small group of early testers! Want to give it a try? You can get on the waiting list by downloading the extension and entering your… pic.twitter.com/5DsS5qhdlQ — Magic Eden 🪄 (@MagicEden) November 27, 2023 Currently, users engaging with multiple blockchains fac...

UniSat Wallet introduces comprehensive developer services for creating trading bots, Ordinals, brc-20 explorers, and apps with integrated blockchain features. UniSat Wallet, a Bitcoin inscription wallet , has recently unveiled its new developer -focused service s, branded as UniSat Developer Service. This innovative platform is set to revolutionize the development landscape in the cryptocurrency domain by offering a comprehensive suite of tools and Features throughout 2023. UniSat Developer Service is designed to cater to various developmental needs. It provides an ideal environment for creating advanced automated trading bots, Ordinals, and brc-20 block explorers. Additionally, it offers robust support for integrating Ordinals and brc-20 into various applications and games, enhancing functionality and user experience. You might also like: Fake DJ Marshmello presents sham coin at Web Summit as activists’ campaign Why use it? – Battle-tested: it uses the same infras...

The security firm urges those using wallets generated from 2011 to 2015 to transfer their assets to crypto wallets that were generated more recently. While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cyber security threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts.  On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that they called “Randstorm,” which they claim to affect millions of crypto wallets that were generated from 2011 to 2015. Today we release our work on Randstorm: a vulnerability affecting a significant number of browser generated crypto currency wallets https://t.co/CebdytNaC6 Reporting @washingtonpost https://t.co/OzYDq2tH4W Technical write-up: https://t.co/HPqjtaX1CA #Bitcoin #blockchain pic.twitter.com/aN7CZh9sv4 — Unciphered LLC (@uncipheredLLC) November 14, 2023 According to the firm, while wor...

Blockchain sleuths flagged a $14.9 million transfer of USDC coming from a wallet associated with Vitalik Buterin. Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co- found er Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini. According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on Oct. 16. The transaction was independently verified by Cointelegraph on Etherscan. #PeckShieldAlert #vitalik.eth haas transferred ~15M $USDC (Multisig Contract 0xf207...D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z — PeckShieldAlert (@PeckShieldAlert) October 17, 2023 Vitalik received the original sum of 14.93 million USDC from Kanro, a charity affiliated with Vitalik on Oct. 14. Separate Analysis from crypto data provider Lookonchain found that Buterin had also recently transferred nearly $500,000 ...

Southeast Asia’s premier tech startup, Grab is teaming up with USDC stablecoin issuer Circle to pilot a web3 wallet within its super-app . The announcement came on Sept. 14, with Circle revealing that these new services would be accessible to Grab users in Singapore via the newly introduced “Grab Web3 Wallet”. 1/ We are excited to unveil our partnership with @GrabSG to pilot #Web3 consumer experiences in Singapore through the integration of our new Web3 Services platform via the Grab Web3 Wallet.https://t.co/UcqjQX7Y2r — Circle (@circle) September 14, 2023 This integration with Circle’s fresh web3 services platform within the Grab app aims to facilitate traditional companies embracing stablecoins, digital assets, and smart contracts. Eligible users of the Grab app now have the opportunity to establish a blockchain-enabled wallet where they can earn rewards and collectibles alongside utilizing non-fungible token (NFT) vouchers. You might also ...

The game aggregator will allow users to link their Web3 wallets to various games through crypto wallet provider MetaMask. HyperPlay, a Web3-native game launch er with a built -in crypto wallet , has announced its early access launch , according to a Mar. 1 announcement from the developer. The online game launcher was built in collaboration with crypto wallet provider MetaMask, aimed at integrating players' crypto wallets with game libraries such as Epic Games Store, GOG (formerly Good Old Games), and its own HyperPlay Store.  The new platform, founded by former Metamask operations lead, JacobC.eth, doesn’t charge developers any commissions and instead plans to rely on crypto services such as swaps and bridges to monetize the platform. Today, we’re excited to celebrate the early access alpha launch of https://t.co/tXbk7iBEWb, a game launcher that brings Web3 wallets into native games. We aggregate the @EpicGames store, @GOGcom, and our own store to overlay @MetaMask into game exper...

The former FTX CEO denied moving the funds saying; "I'm not and couldn't be moving any of those funds; I don't have access to them anymore.” Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond. On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallet s.  In response to the allegations that he may have been responsible for moving funds out of Alameda wallet s, he shared: “None of these are me. I'm not and couldn't be moving any of those funds ; I don't have access to them anymore.” None of these are me. I'm not and couldn't be moving any of those funds; I don't have access to them anymore.https://t.co/5Gkin30Ny5 — SBF (@SBF_FTX) December 30, 2022 SBF’s tweet was in response to a news story published by Cointelegraph, which reported that a wallet address that...

Auto-payments for bills are commonplace in the traditional banking world and Visa has proposed a way to mimic the service using blockchain tech. Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa. In a Dec. 20 blog post, Visa’s crypto thought leadership team proposed a solution that would allow providers to automaticall “pull” funds from users’ Ethereum-powered crypto wallets, without requiring the user to manually sign off on every transaction. Auto-payments for recurring bills are commonplace in the traditional banking world, giving users the ability to permit certain service providers to draw from their chosen bank accounts to pay off bills — such as a Netflix subscription or a monthly telephone bill. Such a mechanism isn’t possible for owners of self-custodial wallets, said Visa, noting that automated programmable payments that pull payments from a user's acco...