Transform Ventures was founded by Michael Terpin, a crypto investor who previously sued a New York teenager for $71.4 million in damages for allegedly snatching cryptocurrency from his phone.
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Brace for BTC price volatility? Bitcoin 'coin days destroyed' metric jumps to 2-month highs
A large transfer of Bitcoin associated with the U.S. law enforcement likely cased a spike in the on-chain metric.
Brace for BTC price volatility? Bitcoin ‘coin days destroyed’ metric jumps to 2-month highs
On March 8, addresses linked to the United States government moved 49,000 Bitcoin seized from the Silk Road, worth $1 billion. The transfer was accompanied by Bitcoin’s (BTC) price slipping below $22,000 and a noticeable spike in a key holder metric.
But does this mean that traders should brace for potential BTC price volatility ahead?
Bitcoin’s CDD metric suddenly spikes
The BTC transfer likely caused a significant spike in Glassnode’s coin days destroyed (CDD) metric. It measures the weighted movement of Bitcoin based on the time it was last moved from an address.
The CDD is calculated by multiplying the amount of Bitcoin transferred by the number of days since BTC was last added to an address.
A spike in the CDD indicator usually precedes price volatility, with the bears typically having a slight advantage. Some long-term investors, however, may also move Bitcoin to leverage it for more upside gains on the futures market.
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Cathie Wood's ARK ignores Silvergate, buys Coinbase stock for 6th straight month
ARK appears unfazed by Silvergate as it increases COIN exposure by over 700,000 shares so far in 2023.
Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month
Bitcoin (BTC) exchange Coinbase has remained a firm “buy” for ARK Invest throughout its recent price drop.
The latest data shows ARK continuing to buy Coinbase shares despite bankruptcy concerns over Silvergate Bank — a major Coinbase partner.
ARK ETF keeps topping up on Coinbase stock
In the latest demonstration of its fearless approach to the crypto space, ARK purchased another 47,568 shares of Coinbase on March 7.
This adds to the roughly 6 million shares already held in ARK’s ARKK exchange-traded fund (ETF) at the start of the month, and is already its third purchase of the week.
Coinbase has been under pressure since the start of February, dropping from local highs of $87.50 to current levels of $61.69 — a decrease of almost 30% in just over a month, according to data from TradingView.
Russian crypto advocates urge Putin to stop regulatory hostility
Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued.
Russian crypto advocates urge Putin to stop regulatory hostility
Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued.
India subjects crypto transactions to anti-money laundering law
The operators face an obligation to store the transactions’ data for ten years and pass it to regulators on demand.
Silk Road Bitcoin for sale? US government-linked addresses transfer $1B in BTC
US law enforcement agencies have confiscated thousands of BTC from Silk Road over the years and a significant chunk of it has been auctioned from time to time.
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EU Commission to ensure 'healthy competition' in the Metaverse
Margrethe Vestager, the executive vice president of the European Commission, stressed the need to anticipate and plan for changes in technological advancements.
Debate over 2FA using SMS after sim-swapping victim sues Coinbase
While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA.
Lawyers picnic: FTX counsel and advisors rake in $34M in January
Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case.
Jack Dorsey’s Block asks for input on proposed ‘mining development kit’
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining.
Vitalik dumps $700K worth of shitcoins that he never asked for
As Vitalik Buterin’s holdings represented a large portion of the circulating supply for some of the tokens, the sales resulted in huge price drops.
Vitalik dumps $700K worth of shitcoins that he never asked for
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Ethereum co-founder Vitalik Buterin has gone on a shitcoin selling spree, exchanging nearly $700,000 worth of tokens previously airdropped to him for Ether (ETH).
Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
The bounty, which was offered via an on-chain message was approximately $97,000 or approximately 6% of the exploit amount.
Judges hear oral arguments in Grayscale suit against SEC over BTC spot ETF rejection
A panel of three judges heard the sides’ arguments and posed significantly more questions about the SEC’s stance, leading to speculation about their leaning.