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- Bitcoin hits ATH, MicroStrategy wants more, UK's secret Bitcoin stash revealed, Fantom vs. Multichain showdown
Bitcoin hits ATH, MicroStrategy wants more, UK's secret Bitcoin stash revealed, Fantom vs. Multichain showdown
In today’s update, Bitcoin hits ATH, Fantom and Multichain are throwing down after a $122 million exploit, and someone spilled the beans on the UK government's secret Bitcoin stash. Just to add to the drama of a dramatic day, Coinbase decided to take a nap while Bitcoin was soaring.
Lastly, explore alpha offerings for opportunities to claim free coins. Read on for more…
Meme of the Day
ETHDenver in a nutshell!
Market Movements - 05 Mar 2024
BTC hit reached an ATH but retreated due to spontaneous profit-taking. Our Canary expects Bitcoin price to breach $150,000 by the end of 2025, driven by the upcoming halving and the demand introduced by Bitcoin ETFs.
The rest of the crypto market also performed well, with some major coins such as Dogecoin (+12%) seeing double-digit percentage increases. Stocks indices closed lower as investors awaited economic data releases and Powell's congressional testimony for insights.
Trivia Question: Who described the concept of blockchain, the underlying technology behind most cryptocurrencies?
Answer at the bottom of the page
What moved in the Crypto World Today
Bitcoin Gets hits $69K All-Time High, Causing $550 Million Liquidation Splash!
This digital darling of our Canary has been on quite the journey lately, steadily scaling up over the past few moons. But oh boy, last month saw the real fireworks! February lit up like a disco ball for BTC, boasting its lengthiest green candle marathon in its 15-year-long saga.
But wait, there's more! This crypto carnival has seen some wild liquidation parties. According to CoinGlass, the past 24 hours alone have seen a whopping $550 million worth of assets washed away, with short positions taking a 60% slice of the pie. Our Canary has grabbed its popcorn, for this show's just getting started!
Read more here
MicroStrategy plans to beef up its bitcoin treasure chest with cash from a convertible note sale
MicroStrategy is gearing up to beef up its bitcoin stash! When Canary asked how? Well, they're throwing a wild $600 million private party in the form of convertible senior notes. With bitcoin prices skyrocketing towards the moon and MicroStrategy's stock reaching heights not seen since the age of dinosaurs, it's all happening!
Read more here
Gotham's Finest Stumbles Upon UK Government's Secret Stash of $4.1 Billion in Bitcoin
The super sleuths over at Arkham Intelligence just cracked the case of the century! They stumbled upon an address tied to none other than the UK government itself. And get this - it's loaded with a whopping 61,245 Bitcoins. And our Canary is still screaming!!
But here's the kicker: those Bitcoins weren't just sitting there collecting digital dust. They were actually confiscated by the UK police back in 2018 from a couple of sneaky Chinese citizens. One of them, Zhiming Qian, had been playing hide and seek with the authorities after allegedly pulling off some investment fraud shenanigans.
Now, here's where things get really interesting: it wasn't until July 2021 that the government finally got their hands on those sweet, sweet Bitcoins. Talk about a delayed payday!
Read more here
Fantom Says "Hasta La Vista, Stolen Funds!" Aims to Liquidate Multichain in $122M Exploit Recovery Mission
In a wild turn of events back in July 2023, the cryptocurrency world got hit with a big ol' exploit involving the multichain bridge. The Multichain protocol had to slam on the brakes and suspend operations, showing just how serious the situation was.
Our Canary sympathized with poor Fantom, which got smacked hard by this exploit and users that had swapped assets on Multichain lost a whopping $130 million worth of assets. But hey, there's a light at the end of the tunnel! The High Court of Singapore swooped in like a superhero and ruled in Fantom's favor on January 30, 2024.
Fantom's ready to throw down with Multichain by hitting 'em with a Statutory Demand, the first step in their legal battle. And if things get really messy, they might even call for the big guns and wind up Multichain Foundation, bringing in a liquidator to track down those lost assets. It's gonna be a wild ride, but Fantom's not backing down until they've got their crypto back in their users’ pockets!
Read more here
Bitcoin soaring, Coinbase snoring! Another outage plagues the exchange as BTC blasts past $67k
Just as Bitcoin reached its highest point in over two years, crypto exchange Coinbase encountered yet another outage. This comes one week after their previous technical difficulties during a market surge. While our Canary sitting on the top of "fear and greed index", which is currently at 82; looks like even the exchange got a little too excited!
Read more here
Is it secret projects or just sending sats? Ethereum Foundation's $13.3 million transfer leaves everyone guessing!
This $13.3 million transfer by the foundation has left investors scratching their heads and wondering what it means for the price of the world's silver medal in crypto (that's Ethereum, for our Canary). Normally, the foundation's moves are like tea leaves for crypto fortune tellers, and this one has some worried about a price drop. But hey, the charts are looking pretty sunny today, so maybe it's all sunshine and rainbows?
Read more here
Ether.Fi Says "Hold My Beer" and Throws $600 Million at Omni Network!
This epic partnership is all about beefing up Omni Network's security and performance, like giving a superhero suit. Omni Network helps different blockchain platforms chat with each other, and Ether.Fi's investment is making sure those conversations run smoothly and safely. They're both big fans of a security system called "pooled security design," and this giant stack of Ether (that's the $600 million) is like putting a force field around the entire network. So, basically, it's good news for everyone who uses Omni Network and wants their stuff to be safe and sound!
Read more here
Funding Announcements
Alpha Offerings
Alpha Offerings is where we share with you the early opportunities our Canary has unearthed in its flights around the cryptoverse
SYNTHR Public Test-Net Now Live (https://mvp.synthr.io/). Testnet is incentivized And Mainnet launching this month.
Tabi Testnet Launch: To commemorate this monumental occasion, Tabi is giving away exclusive Tabi Testnet OAT (https://galxe.com/TabiNFT/campaign/GC7iBt4ZUh)
Uniswap users can get early access to the Uniswap Extension. When the juser claims the uni.eth username in the mobile app, he automatically joins the waitlist for early access to the Uniswap Extension (https://support.uniswap.org/hc/en-us/articles/24458735271181-Get-started-with-the-Uniswap-Extension)
First phase of MOON Airdrop is LIVE. Check your eligibility here http://app.aark.digital/moon_festival
Aevo is extending the Farm Boost Program with Pandora 404. You can hit 10 - 100x boosted volume on your trades. Details here: https://www.coinlive.com/news-flash/453566
Play to Airdrop registrations for BloodLoop. Register here: https://bloodloop.com/onboard?
Get an Early Supporter role in Privasea. This Discord role is reserved for holders of our QuestN Early Supporter NFT.
Claim here: https://galxe.com/privasea/campaign/GCkwyt4E6t
Karak Network Kicks off Zealy Campaign to reward users with XPs. More details here: https://zealy.io/cw/karaknetwork/invite/esD5bbs2o6npj3nNdWhEW
Claim EtherScore NFT Badge here: https://alpha.etherscore.network/badges
Hava Coin Airdrop: Eligible For: TIA, JUNO, INJ, ATOM, OSMO, HUAHUA Staker
HAVA Airdrop Eligibility Check: https://havacoin.xyz/eligibility-check
- Snapshot date is 23rd of January 2024.
- Minimum stake - 100$ worth of asset at the snapshot date.
Hall of Fame, Hall of Shame
Axie co-founder's crypto gets rekt! $9.5M vanishes into the crypto abyss
Axie Infinity co-founder Jeff Zirlin suffered a major setback as hackers stole $9.5 million in ETH from his Ronin network wallets. The incident, which has caused significant concern within the cryptocurrency community, involved the laundering of stolen funds through Tornado Cash, a service designed to anonymize transactions.
Read more here
Tech Explainer
How will web3, AI, and crypto take the internet to the next level?
@cdixon of @a16zcrypto joins @pmarca and @bhorowitz to discuss, as well as answer your questions in this video:
Event calendar (limited to next couple of days)
AI Papers & Wine by GoatStack.ai
March 05, 2024
1900 hrs, San Francisco local time
Develop a Successful Blockchain Tech Startup Business Today! Entrepreneur
March 05, 2024
1300 hrs, San Francisco local time
Develop a Successful FinTech | De-Fi Startup Business Today!
March 06, 2024
1300 hrs, San Francisco local time
Trivia Question: Who described the concept of blockchain, the underlying technology behind most cryptocurrencies?
The concept of blockchain, the underlying technology behind most cryptocurrencies, was first described by Stuart Haber and W. Scott Stornetta in 1991, long before Bitcoin was created.
How did today's dive into the crypto world resonate with you? |