An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.
Arijit Sarkar
Arijit Sarkar is an editor at Cointelegraph who likes analyzing on-chain data across the crypto ecosystem. Bitcoin, Ethereum and NFTs are his primary interests when it comes to reporting news. He also enjoys interviewing industry leaders to discuss and gain insights on niche crypto development.
BitMEX whale tanks Bitcoin price to $8.9K during BTC sell-off Coti launches $10M rewards program to support v2 token rollout In addition to the existing Coti tokenholders, the eligibility for airdrop rewards has been automatically extended to all treasury participants.
IMF wants Pakistan to tax crypto gains to pay for $3B bailout The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
All aboard as Indian Railways rolls out NFT train tickets The Indian Railway Catering and Tourism Corporation will provide train tickets in the form of NFTs to the passengers of two newly launched semi-high-speed trains.
SEC busts CryptoFX for running $300M Ponzi scheme According to the SEC, CryptoFX allegedly targeted crypto investors from the Latino community across 10 U.S. states and two foreign countries.
IMF guides Andorra to record and monitor Bitcoin transactions The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.
Elon Musk: Dogecoin will be used to buy Teslas ’at some point’ Musk started advocating for Dogecoin after receiving requests from Tesla factory employees and SpaceX visitors to include the memecoin as an official mode of payment.
India plans faster stock settlements to slow down crypto migration The Indian stock market has been operating on a T+1 settlement cycle since 2021, which implies that all stock trades are settled the following day.
New record: Bitcoin ETFs hit $1B in daily inflow As a direct result of the massive inflows into the BTC ETFs and a supporting bull run, the daily inflows of capital being stored by the Bitcoin network just hit $2 billion per day, marking yet another milestone for the ecosystem.
India earmarks $1.25B to boost growth of AI Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development.
AI tokens are more hype than value right now, says Coinbase analyst While some crypto-AI tokens continue to deliver profitable trades, the long-term sustainability of the ecosystem will require more than just decentralizing AI components.
Generative AI teacher lands job in Indian high school The new-age high school humanoid teacher is equipped with an Intel processor and a dedicated coprocessor to provide personalized learning experiences to students.
Hut 8 stock crash attracts multiple lawsuits While some lawsuits cater to individuals who suffer losses, others claim that all shareholders who purchased stocks during the timeframe are entitled to compensation.
India hosts 8M gov’t docs across 5 blockchains India primarily makes use of three blockchain platforms for the development of the products — Hyperledger Fabric, Hyperledger Sawtooth and Ethereum.
BlackRock’s iShares ETF records $788M net inflows as Bitcoin bull run gathers pace Of the 10 approved ETFs, the Grayscale Bitcoin Trust and Invesco Galaxy Bitcoin ETF were the only two to record net outflows of $332.5 million and $14.2 million, respectively, on March 5.
Lotte subsidiary partners with Aptos to build Web3 hub The partnership is aimed at creating a Web3 hub for Lotte, a South Korean multinational conglomerate corporation that oversees roughly 90 business units.
Virginia passes crypto-friendly bill to foster blockchain expansion U.S. Virginia Senate Bill No. 339, which aims to create a work group dedicated to studying cryptocurrencies, blockchain and crypto mining, received majority support from the Senate.
Nokia targets ‘broader potential of metaverse’ in 2030 strategy Nokia’s Technology Strategy 2030 report revealed the company’s plans to invest heavily in its network equipment and services portfolio over the coming years.
Hong Kong ends license application drive for crypto exchanges All crypto exchanges and trading platforms that have failed to file for license applications with the regulator by Feb. 29 must wind up their business in Hong Kong by May 31.
Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace The iShares Bitcoin Trust recorded the highest daily inflows on Feb. 28 at $612.1 million, supported by the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF.
Amazon denies using AI voice in Road House remake Road House scriptwriter Lance Hill sued Amazon Studios for alleged misuse of AI and copyright infringement during the movie’s upcoming remake.
IRS hires 2 private-sector crypto experts to prep for tax season The IRS will use the funding from the Inflation Reduction Act (IRA), a federal law aimed at curbing inflation, to build compliance in emerging areas, which includes digital assets as a top priority.
US senators oppose Joe Biden’s CBDC plans The Federal Reserve’s plan for digital dollar issuance in the United States was met with a roadblock after five senators filed legislation demanding a ban on CBDCs.
Saudi Arabia launches ‘cultural’ metaverse to celebrate founding day The Saudi government’s Cultural Universe metaverse initiative takes a user through the long history of Saudi Arabia dating back to 1727.
Blockchain game Shrapnel to permaban users found playing the system Shrapnel warned users against using “teaming” and “account sharing” strategies to rank higher on the Shrapnel STX leaderboard.
Axie Infinity co-founder loses $9.7M in 3,248-ETH wallet hack Two personal crypto wallets of Jeff “Jihoz” Zirlin got compromised, allowing the hacker to walk away with $9.7 million worth of Ether.
South Africa eyes stablecoins and blockchain for digital payments South Africa’s 2024 budget review highlighted the need for structural reforms and a focus on improving public financial management.
Nvidia overtakes Tesla as most-traded stock, while AI boosts revenue 265% Nvidia also overtook Elon Musk’s Tesla as Wall Street’s most-traded stock in the United States over the last 30 trading sessions.
Hong Kong sees surge in crypto license applications On Feb. 20, Huobi HK became the 18th crypto exchange to apply for a virtual asset trading platform license with the Hong Kong Securities and Futures Commission.
Japan’s GameFi community raises liquidity concerns with lawmaker The Liberal Democratic Party of Japan was told that strict regulations are drying up the liquidity of the Japanese crypto markets.