Crypto News
2010 Bitcoin Stash Awakens Moving $30M — First ‘Satoshi-Era’ Spend Hits July
On Thursday, the final day of July, five ancient bitcoin block rewards from 2010 finally budged after sitting still for well over a decade. Worth close to $30 million, the stash was split between two freshly minted — yet still unidentified — Pay-to-Witness-Public-Key-Hash (P2WPKH) wallets. 15-Year-Old Bitcoin Rewards Spring to Life Old-school holders continue toSource link
ETH Going to $16K in This Cycle? Analyst Explains Why This Could happen
Ether (ETH) hovered near $3,800 on Thursday as increasingly bullish price targets circulated on crypto social media, including one analyst who outlined a case for $16,000 based on long-term technical setups and sustained institutional inflows."Edward", a popular chart analyst on X, argued in a Thursday post that a five-digit ether price is now within reach, pointing to a “clean ascending triangle” formation on the monthly ETH chart. This structure, commonly seen as a pre-breakout pattern, mirrors technical conditions observed in 2020 — just before ether embarked on a 2,000% rally.In Edward’s view, a decisive breakout above $4,000 could trigger a similar move, with the triangle’s projected vertical range implying potential upside toward the $15,000–$16,000 zone. “The structure is there. Demand...
The Ether Machine Becomes Third Largest Ethereum Holder With $56.9M ETH Buy
The newly formed company's ETH holdings have overtaken those of the Ethereum Foundation, which maintains the blockchain.Source link
Hong Kong to Vet Stablecoin Holders, Operations Over $8,000 to Be Scrutinized
The Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived from the usage of these assets. The authority explained that three types of institutions will be allowed to exert these verifications. HKMA: Hong Kong to Verify Stablecoin Users Hong Kong is now gearingSource link
Tether-Focused Blockchain Stable Raises $28M to Power Stablecoin Payments
Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC.Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.The Stable blockchain, described as a “stablechain,” aims to turn USDT into the foundation for digital payments around the world by offering fast settlement, low fees and a stable unit of account in one package.The raise follows the GENIUS Act, which sets up a regulatory framework for stablecoins like USDT, being signed into law.“Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable and secure digital...