Tag Archives: #ethereum

Finance

Galaxy Buys All of CryptoManufaktur’s Asset Expanding Ethereum Staking Portfolio

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The acquisition publicly traded Galaxy Digital led by Michael Novogratz will expand the firm role in Ethereum staking as part of effor to push deeper into the business of blockchain infrastructure.

Galaxy Digital the publicly traded crypto  firm led by Michael Novogratz has acquired all the assets of blockchain node operator CryptoManufaktur LLC in deal that will progress the company Ethereum staking capabilities.

According to spokesperson Galaxy is acquiring the operators and engineering teams and assets that come with those increasing the company service assets under stake by almost 43%.

Galaxy has been expanding into blockchain infrastructure adding to primary business lines of crypto trading and investment management.

Novogratz is followed figure in crypto and on business TV networks due to its background on Wall Street.

CMF Founder Thorsten Behrens as part of three person engineering team will join Galaxy blockchain infrastructure group which provides blockchain validator services to qualified investor, protocols according to media release.

Galaxy is rapidly growing its blockchain infrastructure and staking capabilities to provide technical expertise and help to strategic corners of digital asset ecosystem.

CMF begin in 2020 was launched to build infrastructure for blockchain oracle project chain link and expand into running automated proof of stake node deployment infrastructure on Ethereum.
The deal comes with $1 billion of Ethereum assets under stake raising Galaxy total of $3.3 billion.
Galaxy Digital play for CMFs staked Ethereum token comes as US regulators appear balance to green light the first batch of spot Ethereum ETF for trading next week.
Rumours that ETH’s price will climb in recent future has led to major increase the token being locked up on Ethereum network.
Over 33 million Ethereum tokens 27% of total ETH supply is being staked.
This development could bring token mega returns. Bitwise Chief investment officer Matt Houghan predicted that funds approvals could push ETH price to $5,000
Finance

Bitcoin dips 2% as Mt. Gox wallets move more than $7B to unknown wallet:mt.gox: mt gox news:what is mt gox?

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Billions in Bitcoin belonging to collapsed crypto exchange Mt. Gox has moved to unfamous wallet.

Bitcoin BTC $67, 842 dipped 2% on May 28 after wallets labeled as belonging to collapsed crypto exchange Mt.Gox moved 107,547 BTC almost $7.3 billion to unknown wallet with over transactions coming in by hour.

Blockchain tracking X account Whale Alert posted the moves in May 28 X posts, noting six on chain transaction of between 3,999 BTC and 32,499 BTC within hours.

The move is ahead of defunct crypto exchange plan to return BTC holding to creditor before October.

More than $9.4 billion Bitcoin is owed to some of Mt.Gox’s 127,000 creditors who have waited to get it back for more than 10 years after exchange collapsed in 2014 after various unnoticed hacks

Mt Gox final repayment deadline is Oct 31.Its trustee started contacting creditors in January to confirm their identity and exchange accounts for repayment.

Blockchain explorer Arkham Intelligence shows the transaction hashes from 1:41 am to 4:45 am UTC include transfer from Mt. Gox cold wallets with moving 2000 BTC at a time.

All transactions pointed to single unlabeled address that holds 107, 547 BTC nearly $7.29 billion.

Mt.Gox trustee firm Nagashima Ohno and Tsunematu did not reply to inquiry on where and why the Bitcoin was moved.

Bitcoin dropped almost 2% in wake of moving Mt.Gox BTC trading at $67,875 compared to $69,374 at time of transfer.

 

Finance

Kaamel Technology to head investigation into XLinks $10M breach: why did crypto go up today?

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XLink is accompanying with Kaamel Technology to investigate the cause of breach while speeding past communicated security upgrades.

Bitcoin bridge XLink declared on May 20 it is joining with Kaamel Technology as part of first mega step to investigate a latest security breach.

XLink;s partnering with cybersecurity firm Kaamel Technology mission is to investigate “the cause of May 15 breach which include almost $10 million in user funds.

According to post on X, XLinks has speed up collaboration with Cobo and Ancilia to secure the Bitcoin bridge platform against future breaches in parallel to this partnership.

XLink explained that partnerships with Kaamel, Ancilia and Cobo Technology: its approach includes plans to declare partnerships in future in efforts to fortify platform security.

The attacker withdrew almost $4.3 million after acquiring private keys through phishing scheme. foiled by white hat hacker who recovered stolen assets.

Bitcoin layer 2 developer Alex Labs the creator of XLink bridge was exploited on May 15 with almost $13.7 million in Stacks.

The $10 million hack that prompted XLink’s spree of security partnership development involved compromise of the Ethereum and BNB Smart Chain endpoints.

why is crypto going up today?

why is eth going up? As crypto markets moved higher on Monday on optimism that Ethereum ETFs might get approval renewed danger appetite saw traders looking for top crypto gainers today move to on-chain markets.

ethereum news eth etf approval deadline eth usd

Spot Ethereum ETFs get US approval that would be mega stamp of approval from regulators for asset.

It would open door to many institutional investment as look after spot Bitcoin ETF approvals.

eth price eth stock ethereum price usd

Ether ETH climbed a surprising 19% on Monday and was previously trading in $3600s. Ethereum ETF optimism could be catalyst needed to keep the rally going.

solana price usd

Various cryptos like Solana, Ether and Bitcoin are key short term resistance levels and could retest yearly highs.

Altcoin markets were sea of green. The Optimism (OP), Arbitrum (ARB), Pepe (PEPE) and Uniswap (UNI) all gained almost 20% alongside ETH.

Macro headwinds have eased this month, with Fed rate cut bets climbing following less hot than expected CPI inflation data and US jobs.

New meme coins and shitcoins are launched every new day on blockchains like Ethereum and Solana. Various are scams and none carry long term value. In short term some do mega impressive gains.

why is crypto up today

Altcoins are great way to rapid gains in crypto. For mega gains, traders will need to get in super early on newer coins.

Web3 startups sell their token at early discount in presales to fund development.

Risk tolerant investors looking to add exposure to portfolios presale investing is a brilliant tactics.

Dogwifmaga WIFMAGA

WIFMAGA las had market cap of $1.7 million as per DFXscreener with over $100,000 in locked liquidity.

Recently launched MAGA themed version of dogwifhat, dogwifmaga WIFMAGA is pumping hard in Tuesday trade.

The token has 1,389 followers on X and more than 1,000 followers on Telegram.

The Trump-supporting spin on dogwifhat meme coin applied to be listed on CoinMarketCap.

Ape.lol (APE)

Ape.lol APE the toke of allegedly soon launched token launching platform is doing good on Monday.

The toke is nearly 40,000% since its launch its market cap last gain $2.2 million according to DEXScreener.