Cryptocurrency News Today TheBitTimes.com

Unfortunately, it’s not looking good for FTX customers looking to raise the tragically low bitcoin price that the bankruptcy estate will use to calculate their repayments. Yesterday, a US bankruptcy judge denied a victim’s request to use a higher price than $16,871. Specifically, the judge denied Australian Bitcoin miner NuGenesis Ou’s request to vacate a January 31 ruling that set the USD calculation date for crypto asset pricing to November 11, 2022. On a separate and unrelated issue, NuGenesis also complained about FTX calculating the price of its proprietary token, NuCoin, at $0 as of November 11, 2022. More relevant to most customers who simply owned bitcoin or major altcoins, however, is that the bankruptcy judge denied NuGenesis’ request to move the USD calculation date away from November 11, 2022 for any crypto asset. NuGenesis’ attorney argued that the company didn’t receive its legally required notice of the November 11, 2022 date. However, FTX attorneys argued...

Basketball legend Michael Jordan’s net worth stands at $3.5 billion and is currently higher than the entire NFT market, which was valued at over $15 billion just two years ago. Basketball icon Michael Jordan, often heralded as the greatest-of-all-time (GOAT), has added another notch to his already illustrious belt. A recent stake sale in the Charlotte Hornets has catapulted Jordan’s net worth to an estimated $3.5 billion, per data from the Bloomberg Billionaires Index.  This significant financial achievement becomes even more note worth y when compared to the declining non-fungible token (NFT) market . Once a thriving sector in crypto, NFTs have recently experienced substantial drops in trading activity and value. After selling his stake in the Charlotte Hornets, Michael Jordan's net wealth is now $3.5bn, more than pretty much the entire NFT market combined. pic.twitter.com/Yz6KOod2HA — NFTstats.eth (@punk9059) August 30, 2023 NFTs have gone from boom to ...

1inch Investment Fund has purchased 6,088 ETH for $10 million, taking advantage of the Ethereum price dip. 1inch stacks up more ETH In a move that’s caught the crypto community’s attention, the 1inch Investment Fund recently acquired 6,088 Ethereum (ETH) for a whopping $10 million, according to blockchain analytics platform Lookonchain.   The purchase was made at a price of $1,655 per Ether, bolstering the fund’s holdings and revealing their confidence in the token’s future price move despite the ongoing crypto winter. The researchers also revealed that the investment fund purchased 17,000 ETH in three separate transactions between January and March. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago. The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14. Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom — Lookonchain...

The US government moved over $297 million worth of bitcoin (BTC) seized from the Silk Road hacker in March. The total amount captured from the hacker was worth over $1 billion — 49,000 bitcoins — in March. At the current price point, the total assets would be worth roughly $1.5 billion as BTC holds above the $30,000 mark. The U.S. government transferred out 9,825 $BTC ($297.6M) again 13 hrs ago. Among them, 1,625 $BTC($49M) was transferred to 2 new wallets. Another 8,200 $BTC($248M) was transferred in 101 transactions to 8 whale wallets that had been dormant for 2 years.https://t.co/o5DWXuwpL4 pic.twitter.com/EMHlhVuVSU — Lookonchain (@lookonchain) July 13, 2023 Moreover, the US government transferred 9,825 bitcoins — worth $298.7 million at the time of writing — to different addresses. Of this tally, the authorities moved 1,625 coins to two new addresses while the remaining 8,200 tokens were put into eight whale wallets in 101 transactions — with most of the transact...

A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade. A single trader just spent a staggering 64 Ether — equivalent to $118,000 — in gas fees purchasing $155,000 worth of a memecoin called Four (FOUR). According to an update from the popular blockchain tracking service ‘Whale Alert’, the lone trader paid an astonishing $119,157 in Ether (ETH) to complete a Unsiwap trade that swapped 84 Wrapped Ether (WETH) for 13.8 billion FOUR tokens. A fee of 64 #ETH (119,121 USD) has just been paid for a single transaction!https://t.co/3w4UD0AZbw — Whale Alert (@whale_alert) May 8, 2023 It appears as though the trader voluntarily increased their gas fee to speed up the transaction time to purchase the memecoin . According to pseudonymous Twitter user @FlurETH, the trader in question is sitting on 133 ETH ($245,667) in unrealized profit on their investment in the memecoin . High gas fee transaction details. Source: Etherscan. Gas fees on the Ether...