Cryptocurrency Hedge Fund Galois Capital Shut Down Its Largest Fund After Losing Nearly Half of Its Money in The FTX Collapse
The hedge fund acknowledged the reports in a thread on Twitter on Monday, writing, “It is true that our flagship fund is closing down.” The company also stated that the FTX collapse caused it to lose over half of its assets and that it eventually “sold the claim for pennies on the dollar.” The Financial […]
ABO Digital Commits $25 Million to Spheroid Universe’s Extended Reality Metaverse Business
ABO Digital commits to investing $25 million in Spheroid as a strategic finance partner. The SPH utility token powers all of the operations in the Spheroid ecosystem, which is an AR/XR platform. This funding commitment from ABO Digital represents an important step forward for Spheroid, which plans to use the money to keep developing tools […]
CRPTM Has Just Made Filing Bitcoin Taxes Easy with Introductory Costs Starting at Only $1
CRPTM Has Just Made Filing Taxes as Simple and Simple as They Could Be. Moreover, CRPTM has developed the best cryptocurrency tax calculator to aid traders and investors in getting a real-time view of their holdings. The platform’s users never again need to worry about submitting cryptocurrency taxes because the program has them covered. CRPTM […]
BTC Remains At $25,000 Despite A Decline in Addresses with Non-Zero Balances
With the world’s largest cryptocurrency by market capitalization up roughly 2.0% on the day after significantly recovering from a small slide down under $24,000 earlier in the session, Bitcoin maintained close to yearly highs just below $25,000 on Monday. Several observers were shocked by Bitcoin’s recovery from the $21,000 range last week and continued tenacity. […]
South Korean CEO Imprisoned for Misappropriating Ethereum Funds from A Partner Firm
A South Korean CEO who “misappropriated” Ethereum (ETH) worth $2.4 million from a partner firm was given a five-year jail term. The 43-year-old guy, who is only known by his last name (Chae), is the boss of a “marketing business” that works with cryptocurrency funds, according to the news source Delight. The business collaborated with […]
This Bitcoin Holder Conviction Indicator Recently Reached A Record High
Reserve Risk, a Glassnode on-chain measure of Bitcoin HODLer conviction, has dropped to a record-low level, signaling that HODLer conviction is at record highs. The Bitcoin Reserve Risk indicator hit a new record low of 0.000729 when FTX, one of the biggest centralized bitcoin exchanges in the world, collapsed. Since then, it has increased to […]
Vitalik Buterin of Ethereum Proposes a “Stealth Address” System to Improve Blockchain Privacy
Vitalik Buterin, the architect of Ethereum, has suggested a brand-new “stealth address” method for the cryptocurrency that would radically enhance and streamline the process for establishing anonymity for common users. An incomplete guide to stealth addresses, a blog post by Buterin over the weekend, claims that the proposed approach will provide the same privacy […]
The Creator of Moonbirds NFT Loses $1 Million After A Wallet Hack
Kevin Rose, the co-founder of the Moonbirds non-fungible tokens and CEO of Proof Collective, was the target of a phishing attempt and lost tokens valued at roughly $1.1 million. Damien Hirst’s well-known piece The Currency, one Autoglyph, 25 Art Blocks, one Cool Cat, and nine OnChainMonkey tokens are just a few of the stolen NFTs. […]
On-Chain Data Shows A $321 Million Wormhole Hacker Moving Funds
Several on-chain researchers claim that a hacker who stole 120,000 ETH tokens from the Wormhole cross-chain bridge, valued at over $321 million, has begun transferring money. The hacker transferred $155 million worth of Ether tokens to 1Inch, a decentralized exchange, on January 23. (DEX). Since then, the unidentified exploiter has been exchanging their ETH tokens […]
Grayscale Crypto Firm Is in Trouble Once More After Osprey Filed A New GBTC Lawsuit
Grayscale, a division of Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), is in hot water after Osprey Funds, a competitor in the market, filed a lawsuit against it for how it promoted the Grayscale Bitcoin Trust (GBTC) fund. Osprey claimed in the complaint that Grayscale had engaged in “unfair and deceptive activities” and “unfair […]
