Category: Ethereum
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BitMine Names Chi Tsang as CEO, Adds Three New Members to Board
[ad_1] TLDR BitMine has appointed Chi Tsang as its new CEO and board member, succeeding Jonathan Bates. Tsang was previously the founder of venture fund m1720 and spent a decade at HSBC. The company also added Robert Sechan, Olivia Howe, and Jason Edgeworth to its board. Tsang emphasized BitMine’s position to lead the financial sector…
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Kiyosaki Says Cash Crunch Driving Crash, Stays Bullish on BTC, Gold
[ad_1] Robert Kiyosaki, author of Rich Dad Poor Dad, has told his 2.8 million followers on X that he is not selling his Bitcoin or gold despite the sharp decline. “The everything bubbles are bursting,” he said in a Saturday post, adding that the real reason markets are falling is a global cash shortage. “The…
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BitMine Names New CEO as ETH Strategy Accelerates With Major Board Refresh
[ad_1] TLDR: BitMine names Chi Tsang as CEO while adding three independent directors across finance and legal sectors. The company reports controlling more than 2.9 percent of all ETH as part of its long-term strategy. Major investors including ARK and Founders Fund back BitMine’s target to reach five percent ETH ownership. New board members align…
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AI-driven phishing scams and hidden crypto exploits shake Web3 security
[ad_1] SBI Crypto was breached, losing $21 million in assets via a suspected laundering operation. A phishing scam targeting GMGN tricked 107 users into approving fake transactions. Honeypot token scams rose 600% month-on-month, with over 2,100 tokens detected. Web3 has entered a new phase of cyber threats, with attackers now leveraging artificial intelligence, automation tools,…
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Morgan Stanley Flags Bitcoin’s ‘Fall Season,’ Suggests Winter Preparation
[ad_1] Morgan Stanley strategists say the crypto market has entered the “fall season” in Bitcoin’s four-year cycle, advising investors to harvest their gains before the potential onset of winter. In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up,…
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Ethereum’s Growth Boosted by BitMine’s $13.2B Ethereum Treasury
[ad_1] TLDR BitMine now holds over 3.5 million ETH, valued at $13.2 billion. The company increased its Ethereum holdings by 34% in the past week. BitMine aims to acquire 5% of the total Ethereum supply in the future. BitMine’s Ethereum holdings represent 2.9% of the total ETH supply. Propanc Biopharma has secured a $100 million…
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Ethereum Gas Fees Drop Well-Below 1 Gwei in November
[ad_1] Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash. The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital asset to another…
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Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral
[ad_1] The feature applies to more than 150 perpetual futures markets available to European users. The exchange operates under MiCA and MiFID II regulations, with oversight from Ireland and Cyprus. Kraken’s third-quarter revenue rose by 50% to $648 million following its acquisition of NinjaTrader. Kraken has expanded its regulated derivatives offering in the European Union,…
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Ethereum Flashes Buy as Some Analysts Tip ‘Bear Trap’
[ad_1] Ether may have entered a prime accumulation zone, with analysts suggesting the recent pullback could soon reverse. MN Trading Capital founder Michaël van de Poppe said in an X post on Thursday that the recent price decline in Ether (ETH) was a “little deeper than expected.” “Still a great area to accumulate positions on…
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Justin Sun Moves $150M in Ethereum to Lido as Whale Activity Surges
[ad_1] TLDR: Justin Sun shifted 45,000 ETH worth $154.5M from Aave to Lido for staking. His public wallets now hold $534M in ETH, more than his TRX holdings. BitMine and wallet 0xca6 collectively added nearly $115M in Ethereum. ETH trades near $3,389 with analysts eyeing $2,600 as possible support. Justin Sun, founder of Tron, made…