Tag: Cryptoslate
Blockchain
Huge short Bitcoin positions above $71k suggest potential for rapid market movements
Quick Take Bitcoin has, for now, cemented itself above $70,000, boasting a market cap of roughly $14 trillion The close on June 4 above $70,000 marks only day 13 that Bitcoin has achieved this level,
Blockchain
OpenAI, DeepMind insiders demand AI whistleblower protections
Individuals with past and present roles at OpenAI and Google DeepMind called for the protection of critics and whistleblowers on June 4 Authors of an open letter urged AI companies not to enter
Blockchain
Bitcoin ETFs record best day with no outflows netting $887 million
Quick Take Farside data shows that on June 4, Bitcoin exchange-traded funds (ETFs) saw significant inflows, with a total of $8866 million This makes it the second-largest day of inflows since launch,
Blockchain
Lawmakers plea for President Biden’s swift action as US Binance exec fights for life in Nigerian prison
US lawmakers have urged President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance executive detained in Nigeria In a June 4 letter to President Biden, Secretary of State Anthony
Blockchain
Google publishes new policy paper emphasizing privacy in AI development
Google released a new policy working paper on June 4 titled “Generative AI and Privacy,” emphasizing the critical need for privacy protections in the development and deployment of
Blockchain
Bitwise CIO says market undervaluing Washington’s shifting attitude toward crypto
Bitwise CIO Matt Hougan believes the market is underestimating the significance of Washington’s evolving attitude toward cryptocurrencies Hougan said in a June 4 memo that the US political
Blockchain
Bitcoin short-term holders increased holdings by over 1 million BTC in six months
Onchain Highlights DEFINITION: The total supply held by short-term holders [BTC] is the total amount of circulating supply held by short-term holders Long-term and Short-Term Holder supply is defined
Blockchain
Spain extends Worldcoin ban until 2024-end
Spain has extended its ban on Worldcoin’s operations, a project led by Tools for Humanity Corporation, until the end of the year or until the Bavarian Data Protection Authority (BayLDA) reaches
Blockchain
Bitcoin halving slashes miners’ production in May by over 40%
Several Bitcoin miners experienced a decline in BTC production in May due to the effects of the April Bitcoin halving event The Bitcoin halving occurs approximately every four years and automatically
Blockchain
Bitcoin’s realized price surpasses $30,000
Onchain Highlights DEFINITION: Realized Price is the Realized Cap divided by the current supply Bitcoin’s realized price has reached new heights, breaking $30,000, driven by significant market
Blockchain
Bitpanda turns to Deutsch Bank to handle customer deposits and withdrawals
Crypto broker Bitpanda will use Deutsche Bank to handle customer deposits and withdrawals Bitpanda announced the partnership in a June 4 blog post, adding that Deutsche Bank will provide real-time
Blockchain
FTX settles $24 billion IRS claim for fraction to prioritize customer repayments
Defunct crypto exchange FTX has agreed to settle the Internal Revenue Service (IRS) substantial $24 billion tax claim for a significantly lower amount to help the company prioritize its customer
