The Ethereum Foundation, a non-profit organization dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a large amount of ETH at the peak of November. The findings were revealed by a widely followed cryptocurrency investor and technical analyst who has been studying the foundation's historical account data.
World's Largest Asset Manager Files For the BlackRock Blockchain Technology ETF
BlackRock, a New York-based multinational investment management company, has filed an application with the Securities and Exchange Commission for a blockchain technology exchange-traded fund (ETF). The Ishares blockchain technology ETF aims to track the Intercontinental Exchange (ICE) index, called the Factset Global Blockchain Technologies Index.
El Salvador Buys 410 Bitcoin As BTC Plunges to Lowest Level in Recent Months
El Salvador bought BTC when the price of Bitcoin fell to a record low. President Nayib Bukele announced on Friday that his country had purchased 410 more Bitcoins. The Salvadoran government has purchased a total of 1,801 Bitcoins since the cryptocurrency was made legal tender in the country.
Cash App Offers Bitcoin's Lightning Network Support For Customers in the United States
Block (formerly Square), of which Jack Dorsey is the CEO, announced the integration of the Lightning Network into the popular Cash Application. According to a report by TechCrunch, Block's Cash App has integrated the Lightning Network to allow US-based users to send Bitcoin to anyone in the world for free. The report claims that the Cash App quietly rolled out the feature for certain customers before the official announcement. The company said the new feature is expected to be completed "in the coming weeks," and will allow all U.S. Cash App customers to access the Lightning Network.
Union Bank of the Philippines Plans to Offer Crypto Trading and Custodial Services
The Union Bank of the Philippines plans to provide trading and custody services for cryptocurrencies to take advantage of the rapid adoption of digital tokens in the Asian country. The average Filipino investor will hold between 3% and 5% of their personal assets in digital assets such as Bitcoin within five years, assuming the markets are "stable," said Cathy Casas, the Bank's President.
Over $1,142,000,000 In Crypto Liquidated In Just 24 Hours
Crypto futures trading information platform Coinglass says that over a billion dollars worth of crypto has been liquidated over the past 24 hours as Bitcoin (BTC) now trades below $40,000. According to Coinglass liquidation data, more than 213,000 investors with a total value of more than $1.14 billion have been liquidated in the last day.
Twitter Hires Senior Product Manager For Crypto
Social media giant Twitter wants to hire a senior project manager for crypto. The firm has opened an ad to recruit a person with the appropriate qualifications to join Twitter Crypto, a new team that will explore integrating the blockchain. Twitter is also exploring new lines of business for ongoing cryptocurrency integration.
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