Who is the richest Bitcoin owner? - cyptoranking.com

2024-05-02

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Andreessen Horowitz's Crypto Arm to Establish London Office – Next Crypto Hub? As the crypto world eagerly awaits the April 2024 trial, the Ripple vs. SEC saga continues to be closely watched, with potential implications for the broader regulatory landscape of cryptocurrencies in the United States. Who is the richest Bitcoin owner?An exchange should consistently have sufficient value to back up all deposits, Anderson explains, “especially if you have a highly profitable business.” What Metrics to Consider?

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Wang’s testimony revealed to the court that Bankman-Fried, Nashad Singh, Caroline Ellison, and Wang himself were involved in committing wire fraud. Wang said, “We gave special privileges to Alameda Research on FTX, which allowed it to withdraw unlimited amounts of funds from the platform, and we lied about this to the public.” Singh and Ellison are to testify against SBF in the trial. Source: AdobeStock / AscannioGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________NFT newsThe Avant Arte marketplace announced that it is collaborating with Yuga Labs to bring all 10,000 CryptoPunks into the physical realm for the first time with two time-limited print editions, made by Avant Arte’s printmakers Make-Ready. The first, Punk On-Chain, will be available to all Punk holders and will enable them to commission a unique 1-1 physical print of their Punk(s) for €500 ($530). The second, 10,000 On-Chain, will be available for €600 ($630) to Punk holders and fans alike, offering everyone the opportunity to own their own Punk artwork, it said. Both works will be available only for 48 hours on October 26. DeFi newsVitaDAO, the Pfizer-backed decentralized autonomous organization focused on advancing longevity research, launched its biotech firm, Matrix Bio. 99.9% of the community participating in the vote in late March had approved a collaboration with the University of Rochester’s Aging Research Center co-chair, Dr. Vera Gorbunova. Per the project description, the experiments will be conducted on long-lived animals. The Budget includes financing of up to $300,000 provided by VitaDAO, with up to $200,000 allocated to high throughput screen (HTS) and exploratory medicinal chemistry with a 3rd party CRO or academic ‘fee for service’ facility, and up to $100,000 allocated to the Gorbunova lab for hit compound experiments.Payment newsHong Kong’s trials of e-HKD digital currency showed potential uses in payment, deposit, and investment scenarios, but relevant players need more experience before a launch date can be considered, Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority, the city’s de facto central bank, said in an interview with the South China Morning Post. "There are some interesting use cases of e-HKD in the areas like programmable payments, and in new areas like tokenised deposits and tokenised assets," the CEO said, but adding that "it is still the beginning of the trial process. We have to find a use case that is better than the current retail payments. Because if you are not either safer, faster, or more convenient, then it will not be doable."Crypto payments infrastructure provider MoonPay announced the launch of Swaps in the MoonPay App. Key features of this new functionality include low gas fees, cross-chain swaps, more than 1,500 trading pairs (number may vary by jurisdiction), all wallets in one place, and competitive exchange rates, the announcement claims. Swaps is available globally, in most regions where MoonPay is generally available, it said. The MoonPay App initially launched in May 2023. Exchange newsBinance's market share declined for the seventh consecutive month in September, according to CCData's monthly Exchange Review. Spot trading volumes on the exchange fell 36.8% to $115 billion in September, recording the lowest monthly spot volumes since October 2020. This reduction also marked the third consecutive decline in volumes since June 2023, leading Binance's market share among spot trading exchanges to stand at 34.3%, its lowest since June 2022, said the report. It added that the combined spot and derivatives trading volume on centralized exchanges fell for the third consecutive month, dropping 20.3% to $1.67tn. Also, "the lack of volatility, combined with the seasonality effects that have historically been seen in Q3, has led to centralised exchanges recording the lowest combined quarterly volumes since Q4 2020."Mining newsBitcoin (BTC) and crypto-mining monolith Bitmain reportedly paid September wages to its employees after payments were delayed and deducted because of cash flow issues, according to a report by the local media outlet Odaily. "On the afternoon of October 7, Bitmain has repaid September wages, and stated that it only did not pay the performance salary of some people. It has also been repaid, and the basic salary has been released normally on September 30," crypto reporter Colin Wu tweeted. NFT-Funded Film, Backed by A-list Director Soderbergh, Seals Historic Global Sales Agreement – Crypto Adoption on the Rise? Liquid.com:Buy,Sell & Trade CryptocurrenciesOne of the CrypToadz non-fungible tokens (NFTs), whose average price doesn’t exceed $1000, was bought for an astonishing 1,055 Wrapped Ethereum (WETH), an equivalent to $1.6 million. The Ethereum (ETH) network experienced a surge of abnormally high gas fees on Thursday, with over 140,000 transactions directed to a wallet address labeled by Etherscan as “Binance 14.”While the Ethereum network's average gas fee hovered around 10 gwei, Binance’s transactions consistently paid fees exceeding 300 gwei, or around 30 times higher than what was needed.300 gwei equals around $10.Recommended Ethereum transaction fees on September 22. Source: EtherscanThe extraordinary expenditure resulted in a temporary spike in gas fees on the Ethereum network, with users incurring substantial costs for sending transactions.Binance confirms ‘routine consolidation of ETH’Binance has confirmed in a media statement that the transactions were initiated by them, calling it a “routine consolidation of ETH.”“Any impact to gas prices was unintentional but quickly resolved,” a spokesperson for the exchange said.In total, the transactions drained more than 530 ETH, equivalent to approximately $840,000 in gas fees, briefly making it the largest gas user on the Ethereum network.Over the course of its lifetime, the wallet address is responsible for $95 million in transaction fees, including both inbound and outbound transactions.Community reactsThe incident was widely shared among community members on X, with one user saying it was a consolidation “from long-inactive deposit addresses.”Others also offered their take on the unusual transactions, with for instance Martin Köppelmann, co-founder of DeFi protocol Gnosis, suggesting that Binance is either using “a really inefficient script” or that “something fishy is going on.”Lastly, some community members blamed Binance’s wallet team for the glitch, calling the team’s engineers “incapable.”“They will release a case report soon. And likely someone got fired,” the user added.Ethereum Devs Put Forth ERC-7512 Standard to Represent Audit Reports On-Chain

When Bitcoin erupted into the scene in 2009, much of the world was astonished by the technology behind the novel concept. The question that rose in most minds at the time was: how was it possible to have a secure and effective decentralized currency? What tech was behind this seemingly-impossible endeavor? The answer was Distributed Ledger Technology. PnL Trading Calculators. Trust wallet trade BNB for ETH|Can I convert BNB to ETH?Jolt to Security Crypto money laundering predominantly involves the act of swapping cryptos between different tokens and blockchains, often referred to as cross-chain criminal activity.

Furthermore, using the multiple confirmations technique, where transactions are checked by many nodes or validators, offers an additional layer of security, ensuring a wider consensus and lowering the possibility of mistakes or malicious attacks. “You could trade against Alameda,” he continues, “and Alameda was so bad at trading that they had to steal customer deposits to backfill the shortages.” Top Cryptocurrencies and Crypto ExchangesGulf Stream is a mempool-less transaction forwarding protocol. A “mempool” is a contraction of memory and pool, and it is a cryptocurrency node mechanism for storing data on unconfirmed transactions. The incident reportedly took place in January this year.

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