After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $ 1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $ 1.7 Billion Pulled From Kucoin Since the Department of Justice (DOJ) accused Kucoin and its founders of breaching the Bank Secrecy Act and …
Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […]
Sending bitcoin onchain remains a poor payment experience despite the hype surrounding the leading crypto asset, according to Taproot Wizards founder Udi Wertheimer. In a recent post-mortem of a high-volume sale using bitcoin, Wertheimer detailed several pain points with onchain payments including long confirmation times, lack of payment amount enforcement, high fees, and insufficient Lightning […]
Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $ 3.68 mark, while costs for median-sized transactions have not dipped below the $ 1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue highlight a significant backlog of 221,799 transactions awaiting …
On Jan. 23, Arkham, a firm specializing in onchain intelligence, announced the identification of four lists of connected addresses linked to four new spot bitcoin exchange-traded funds (ETFs). These groups of addresses are reportedly associated with fund managers including Blackrock, Fidelity, Bitwise, and Franklin Templeton. 4 ETFs Identified Onchain According to an X post by […]