Analysis Crypto by Thebittimes.Com

After selling nearly 700,000 GBTC shares over the past month, ARK’s Next Generation Internet ETF still holds 4.3 million GBTC shares worth $131.8 million. Cathie Wood’s investment firm ARK Invest has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month , even as Bitcoin (BTC) hit 17- month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF). The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total of 697,768 GBTC since Oct. 23, according to ARK’s daily trading data seen by Cointelegraph. ARKW offloaded roughly $1 million in GBTC as Grayscale’s trust traded around $30 on Nov. 22, closing at $30.50, per Google Finance data. United States markets closed on Nov. 23 for Thanksgiving. GBTC daily price on Nov. 22. Source: Google Finance ARK started selling Grayscale Bitcoin Trust shares on Oct. 23, 2023, as Bitcoin was reaching $34,000. Before that, ARK’s previous reported GBTC transaction was in ...

In a jaw-dropping Bitcoin transaction blunder, a user inadvertently set a new record by paying a staggering $3.1 million fee for a $2.1 million transfer. This colossal fee has stunned the cryptocurrency community, breaking all previous records for a single Bitcoin transaction in U.S. dollar terms. JUST IN: A massive $3,146,245 (83.65 BTC) transaction fee was just paid in order to send a 139.32 #Bitcoin transaction. This means the sender only received 55.76 $BTC. The future of finance! pic.twitter.com/7FHyVk2k1P — WhaleWire (@WhaleWire) November 23, 2023 A Costly Mistake On November 23, at 9:59 a.m. UTC, a Bitcoin user initiated a transfer of 139.42 BTC, equivalent to approximately $5.2 million, to another wallet. However, in a costly oversight, they accidentally attached a transaction fee of 83.6 BTC, which amounted to a staggering $3.1 million. Consequently, the recipient received only 55.77 BTC, valued at around $2.1 million. This incident unfolded on ...

Claiming that the crypto game is now ‘more fair,’ Kraken founder Jesse Powell adds that there are new threats to the industry’s reputation that continue to emerge. As Binance reached a $4.3 billion settlement agreement with the U.S. Department of Justice and the exchange’s founder Changpeng Zhao agreed to step down as the firm’s CEO, the crypto game feels a “bit more fair today ,” said Kraken Founder Jesse Powell. The game feels a bit more fair today . The last 12 months have answered 2 nagging questions from shareholders: 1. How are they going so fast? 2. How are they getting away with it? "Trust me, any day now…" is only believable for so many years. It's hard to keep faith while… — Jesse Powell (@jespow) November 23, 2023 Powell, who also stepped down as CEO of Kraken in September 2021, says the industry now has to “self-police,” adding that the market “cannot count on timely protection....

Shiba Inu evolves from meme to mainstream with Shibarium’s rising transactions and ShibaSwap’s challenge to Uniswap’s dominance. Pepe’s surge to a $2 billion market cap and recent 100% gains highlight the enduring influence of meme culture in crypto markets. Bitcoin ETF potential amplifies bull rally in meme coins like Shiba Inu and Pepe. As the crypto market gears up for a potential Bitcoin ETF boom in early 2024, two standout altcoins, Shiba Inu (SHIB) and Pepe (PEPE), are drawing significant attention. Both ride the meme wave but with different trajectories and potential outcomes. Shiba Inu: Beyond Meme to Mainstream Shiba Inu, initially a product of the 2021 altcoin mania, has evolved significantly. Unlike many meme-driven cryptocurrencies, Shiba Inu is building an ecosystem with substantial real-world utility. At the heart of this evolution is the Shibarium layer-2 blockchain, designed to enhance scalability and support decentr...

Bitget launches on ZetaChain, the layer 1 blockchain and developer platform that connects any L1 and L2, from Ethereum to Bitcoin and beyond. Bitget Wallet has launched Task2Get, a novel platform on ZetaChain. This marks our second incentivized Zeta App partner campaign after the ongoing OKX Cryptopedia. ZetaChain’s New Partnership with Bitget Wallet Brings Rewards to Millions ZetaChain aims to be the first public EVM-compatible L1 blockchain that connects everything. Bitget Wallet’s integration is now available, and ZetaChain is the debut launch partner for Bitget Wallet’s new Task2Get platform. The partnership offers a chance for the 12 million users of Bitget Wallet to interact with new ZetaChain dApps, with the added benefit of winning rewards. ZetaChain’s Ongoing Efforts to Support Ecosystem Partners Ahead of Mainnet Launch With over 150 dApps on testnet, ZetaChain is committed to preparing its ecosystem partners for the mainnet launch. To this end, they...

Austin Campbell emphasized the differences between the “historical and current state of Binance.” John Deaton asserted that Zhao’s plea deal, despite being a difficult choice, was the only choice.  Campbell expressed expectations of increased DOJ oversight if Binance continues to operate. Austin Campbell, founder and managing partner of Zero Knowledge Consulting, highlighted the difference between the “current Binance and the historical Binance.” Campbell claimed that Binance before 2021 had ineffective controls and Know Your Customer (KYC) and Anti-Money Laundering (AML) issues.  According to Campbell, Binance after 2021 was responsive to law enforcement and imposed “much tighter” KYC/AML regulations. Moreover, more executives who were well-experienced in the crypto space were involved.  “The Binance of 2023 is not the Binance of 2018,” said Campbell. However, he stated that Binance is viewed today “through the past ...

WLD retested $2.55 after Sam Altman announced his return as OpenAI’s CEO. The price fell to $2.45 but traders are targeting a new high for the token. WLD’s tight trading range needs buying pressure for a bullish breakout. One hour after OpenAI posted that former CEO Sam Altman had returned to the company, the price of Worldcoin (WLD) quickly ran to $2.55. Last week, Coin Edition reported how the cryptocurrency project co-founded by Altman nosedived after he was ousted by the same firm. The CEO Returns, WLD Pumps Altman, in a post on X (formerly Twitter), also confirmed his rein state ment. In the post, the reinstalled CEO claimed that the decision was the best one for him and the team. i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together. when i decided to join msft on sun evening, it was clear that was the best path for me and the team. with the new board and w satya’s suppo...