Tag: nearly
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Bitcoin Policy Institute Intervenes in Landmark New York Lawsuit Seeking to Claim Ownership of Nearly Four Million Dormant Bitcoins
The Bitcoin Policy Institute (BPI) has formally moved to intervene in a high-stakes New York legal battle that could redefine the nature of digital property rights. The case, which involves an anonymous plaintiff attempting to gain legal title over 39,069 Bitcoin wallets characterized as "abandoned," has drawn intense scrutiny from the cryptocurrency industry and legal…
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Michael Saylor’s MicroStrategy Acquires Nearly 18,000 Bitcoin, Boosting Holdings to Over 738,000 BTC Amidst Market Fluctuations
Michael Saylor’s flagship company, MicroStrategy, has significantly expanded its Bitcoin holdings with a substantial purchase of 17,994 BTC, valued at approximately $1.28 billion. This strategic acquisition, executed at an average price of $70,946 per Bitcoin, further solidifies MicroStrategy’s position as one of the largest corporate holders of the digital asset. The company’s total Bitcoin reserves…
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Sui Mainnet Returns Online After Critical Gas Fee Bug Causes Nearly Six-Hour Network Stoppage
The Sui mainnet has successfully been brought back online following a significant disruption that rendered the network inoperable for nearly six hours. The outage, which commenced on May 28th and concluded on May 29th, was attributed to a critical bug identified within the gas charging logic of the blockchain’s latest software release, version 1.72. This…
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Binance and Founder CZ Face Nearly $200 Million UK Lawsuit Over Alleged Unregulated Derivatives Offerings Amidst Broader European Regulatory Scrutiny
Global cryptocurrency exchange Binance and its founder, Changpeng "CZ" Zhao, are currently embroiled in a significant legal challenge in the United Kingdom, facing a lawsuit seeking approximately $200 million (£150 million) in damages. This development, first reported by Reuters, underscores the escalating regulatory pressures confronting the world’s largest crypto trading platform, which simultaneously grapples with…
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Sui Mainnet Recovers After Nearly Six-Hour Outage Caused by Gas Fee Logic Bug
The Sui blockchain network has successfully resumed normal operations following a significant outage that lasted approximately 5 hours and 55 minutes. The disruption, which began on May 28, was attributed to a critical bug within the gas charging logic of the network’s latest software release, version 1.72. This flaw effectively halted the calculation of transaction…
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Michael Saylor’s MicroStrategy Acquires Nearly 18,000 Bitcoin as Treasury Strategy Bolsters Holdings Amidst Market Fluctuations
In a significant move underscoring a sustained conviction in Bitcoin as a digital asset and store of value, Michael Saylor’s treasury firm, MicroStrategy, has announced the acquisition of an additional 17,994 Bitcoin (BTC). This latest purchase, executed for approximately $1.28 billion at an average price of roughly $70,946 per Bitcoin, further solidifies the company’s position…
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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k
The Ethereum Foundation, a pivotal entity dedicated to fostering the development and growth of the Ethereum blockchain, has recently concluded a significant over-the-counter (OTC) transaction, selling 10,000 Ether (ETH) for approximately $24 million. The sale was executed at an average price of $2,387 per ETH and involved Bitmine Immersion Technologies, a prominent treasury firm within…
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Sui Mainnet Resumes Operations After Nearly Six-Hour Disruption Caused by Gas Logic Bug
The Sui blockchain successfully brought its mainnet back online on May 29, following an extensive outage that lasted approximately 5 hours and 55 minutes. The network grind to a halt due to a critical bug discovered in the gas charging logic within its latest software release, version 1.72. This flaw in the mechanism responsible for…
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Nearly $500 Billion in Bitcoin Faces Quantum Threat as Binance’s CZ Foresees Quiet Asian BTC Accumulation Shift
Glassnode’s latest on-chain research has reignited critical discussions surrounding the long-term security of Bitcoin in a hypothetical post-quantum computing era. The findings reveal that approximately 6.04 million Bitcoin, valued at an estimated $469 billion, representing 30.2% of the total circulating supply, have publicly exposed on-chain keys. This exposure, while not an immediate threat, could theoretically…
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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k
The Ethereum Foundation has finalized the sale of 10,000 Ether (ETH) in an over-the-counter (OTC) transaction with Bitmine Immersion Technologies, a prominent treasury firm in the cryptocurrency space. This significant transaction, valued at approximately $24 million based on the agreed average price of $2,387 per ETH, occurred as the price of Ether was hovering just…
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