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Biggest Movers: XLM 7% Higher, TON Nears $2.00 Threshold – Market Updates Bitcoin News

September 5, 2023

Stellar surged by as much as 7% on Monday, despite sentiment in crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. Toncoin also rose, hitting a fresh multi-month high. Stellar (XLM) XLM was one of Monday’s biggest movers, as the cryptocurrency rose by as much as 7% in today’s session. After…

The Elite Ten: How a Handful of Ethereum Wallets Command Over a Third of ETH's Total Supply – Featured Bitcoin News

September 4, 2023

Ethereum (ETH), boasting its position as the second most dominant cryptocurrency by market capitalization, is held by a staggering 242,686,839 unique addresses. Fast forward to September 3, 2023, and a mere ten ether addresses command a whopping 34.18% of its entire supply.

BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span – Bitcoin News

September 4, 2023

The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark, while in a surprising twist, the…

Musk Funded Dogecoin, Mulled Blockchain Social Media, Biography Details – Featured Bitcoin News

September 4, 2023

A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul Sam Bankman-Fried to help Musk’s acquisition of Twitter. Elon Musk Considered Creating Blockchain-Based Social…

US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not 'Rife With Noncompliance' – Regulation Bitcoin News

September 4, 2023

A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency…

Tornado Cash Founders Accused, Court Rules in Favor of Grayscale Against SEC, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News

September 4, 2023

The U.S. government has charged the founders of crypto mixing and privacy tool Tornado Cash with money laundering, calling them “criminals.” In other news, the U.S. Court of Appeals for the District of Columbia has ruled in favor of crypto asset manager Grayscale against…

The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years – Exchanges Bitcoin News

September 4, 2023

Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just the last three months. Billions in Bitcoin Withdrawn from Centralized Exchanges Amid Rising Self-Custody…

Former SEC Chair: Institutional Investors Clearly Want Access to BTC, Approval of Spot Bitcoin ETFs Inevitable – Regulation Bitcoin News

September 3, 2023

U.S. Securities and Exchange Commission’s former chairman Jay Clayton has explained why he believes the approval of a spot bitcoin exchange-traded fund (ETF) is inevitable. “It is clear that bitcoin is something that retail investors want access to, institutional…

Bitcoin's Largest Accounts: Peering Into the Top 10 Wallets on the 'BTC Rich List' – Featured Bitcoin News

September 3, 2023

In recent weeks, buzz within the crypto sphere has centered on prominent bitcoin and ethereum holders. Some addresses are awash with speculation, while others have earned distinct labels. Interestingly, a handful have purportedly been unmasked, leading to many of the top ten…

Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels – Defi Bitcoin News

September 3, 2023

The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021. Crypto Winter’s Grip on Defi: TVL Stumbles to $37 Billion The total value locked in defi is on a…