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16 Oct

Elon Musk’s Unusual Move with Bitcoin

hightechz.net0 CommentsBlockchain, Trendingblockchain, elon musk, technology, tesla

Tesla transfers its entire $770 million Bitcoin holdings into unidentified wallets, sparking speculation that Elon Musk has decided to sell off all of this cryptocurrency. According to Arkham Intelligence, a company that tracks cryptocurrency data, an account linked to Tesla has transferred more than 11,500 Bitcoins into several wallets with unknown owners. Currently, Elon Musk's company's wallet holds only 6.65 Bitcoins – an amount deemed to be 'basically nothing.' Donald Trump and Elon Musk in Butler, Pennsylvania on May 5. Photo: AP Before transferring the Bitcoin, Tesla was the fourth-largest publicly traded company in the U.S. holding Bitcoin, according to…

06 Oct

‘Satoshi-era’ Bitcoin whale wallet awakens

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Satoshi Nakamoto, technology

In a surprising turn of events, more than $3.5 million worth of Bitcoin from a whale wallet linked to the early "Satoshi era" has been transferred to a cryptocurrency exchange. The transfer is part of a larger $72 million Bitcoin block, causing widespread speculation among the cryptocurrency community. This wallet, inactive for several years, likely contains some of the earliest mined Bitcoins from the inception of the cryptocurrency. Photo: Cointelegraph. The term "Satoshi era" refers to the period when Bitcoin's mysterious creator, Satoshi Nakamoto, was still active in the development and promotion of the cryptocurrency. Wallets from this time have…

28 Sep

Changpeng Zhao (CZ) Released from Prison

hightechz.net0 CommentsBlockchain, TechnologyBinance, blockchain, Changpeng Zhao, technology

In a surprising turn of events, Changpeng Zhao, commonly known as CZ, the founder and CEO of Binance, has been released from prison. Zhao, a pivotal figure in the cryptocurrency industry, was detained following regulatory investigations related to Binance’s operations. His release marks a critical juncture for both his career and the future of Binance, one of the world's largest cryptocurrency exchanges. CZ's legal troubles began when various global financial regulators scrutinized Binance for alleged violations, including operating without proper licenses and insufficient adherence to anti-money laundering (AML) rules. The detention of CZ sent shockwaves through the crypto community, raising…

24 Jul

Meme coin KAMA named after Ms. Kamala Harris increased 1000%

hightechz.net0 CommentsBlockchain, Trendingblockchain, coin, KAMA coin, Kamala Harris, technology

In an extraordinary development within the cryptocurrency market, the meme coin KAMA, named after U.S. Vice President Kamala Harris, skyrocketed by 1000%. This dramatic surge has captivated the attention of both investors and political enthusiasts, highlighting the unpredictable and often whimsical nature of the digital currency landscape. The rapid rise of KAMA underscores the power of social media and cultural trends in influencing financial markets, particularly within the burgeoning sector of meme coins. KAMA coin. Photo: Coingecko. KAMA's meteoric ascent began following a series of viral posts on social media platforms, where influencers and meme creators began to circulate humorous…

18 Jul

Mt. Gox Shakes Up Crypto Market with Massive Bitcoin Transfer

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Crypto, Mt. Gox, technology

In a move that sent shockwaves through the cryptocurrency world, Mt. Gox, the infamous defunct exchange, executed a series of transactions on July 16th that saw a staggering $9 billion worth of Bitcoin transferred in just three hours. This large-scale movement, following a period of inactivity, has sparked concern among investors and analysts alike, with the potential to impact Bitcoin's price stability. Illustration of how Mt.Gox's return could have a strong impact on Bitcoin price. Photo: Cointelegraph. According to data from Arkham Intelligence, Mt. Gox offloaded nearly 190,000 Bitcoin, totaling around $12 billion. The most significant portion, almost 96,000 Bitcoin…

16 Jul

Bitcoin price has increased more than 9% since Donald Trump’s attempted assassination

hightechz.net0 CommentsBlockchain, TechnologyBitcoin, blockchain, technology, Trump

The world of cryptocurrency is often volatile, responding swiftly to global events and news. Recently, the price of Bitcoin surged by over 9% following an extraordinary and unsettling event: the attempted assassination of former U.S. President Donald Trump. This incident sent ripples through financial markets, but none felt the impact quite like the cryptocurrency sector, particularly Bitcoin. Trump always calls himself a cryptocurrency champion. Photo: Fox News. The attempted assassination of a high-profile figure such as Donald Trump not only shocked the political sphere but also introduced a wave of uncertainty across various markets. Historically, Bitcoin has often been viewed…

03 Jul

Pi Users in Uproar: Calls for App Deletion Mount Amidst Growing Concerns

hightechz.net0 CommentsBlockchain, Technologyblockchain, Pi Network, technology

The world of virtual currencies is no stranger to volatility, and Pi Network, a project aiming to build a widely accessible cryptocurrency, is facing a wave of discontent. Pi users are expressing their dissatisfaction through online forums and social media, with some even advocating for the deletion of the Pi Network app. The source of this frustration appears to be a confluence of factors. Some users point to the lack of concrete information regarding Pi's actual value and utility. While the project promises a future where Pi can be used for transactions, the specifics and timeline remain unclear. This lack…

29 Jun

Bitcoin Activity Slumps: Active Wallets Reach Lowest Level in Over a Decade

hightechz.net0 CommentsBlockchain, TechnologyBitcoin, blockchain, technology

The world's most popular cryptocurrency, Bitcoin, is experiencing a lull in user activity. According to on-chain data analysis from IntoTheBlock, the percentage of active Bitcoin wallets has plunged to its lowest point since late 2010. This decline signifies a significant drop in buying and selling activity among Bitcoin holders, suggesting a phase of market consolidation. Bitcoin. Photo: istock The data reveals that the weekly active wallet ratio for Bitcoin dipped to a low of 1.22% in June, with a peak of only 1.32% for the entire month. This stands in stark contrast to previous bull cycles, where the ratio reached…

29 May

Mt. Gox Stirs the Market: Massive Bitcoin Transfer to Unknown Wallet

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Mt. Gox, technology

The long-dormant Mt. Gox, once the world's leading Bitcoin exchange, has rekindled concerns after a series of large Bitcoin transfers to an unidentified wallet. This unexpected activity, totaling over 140,000 BTC (worth roughly $9 billion at the time), has sent shockwaves through the cryptocurrency market. Bitcoin price plummeted after Mt. Gox is acting strange. Photo: CoinGape. A Troubled Past, a Puzzling Present Mt. Gox's history is marred by a devastating hack in 2014, resulting in the loss of hundreds of thousands of Bitcoins belonging to its users. The exchange subsequently shut down and filed for bankruptcy, leaving a trail of…

25 May

The Face of Dogecoin, Kabosu Passes Away

hightechz.net0 CommentsBlockchain, Trendingblockchain, Doge, Dogecoin, Kabosu, technology

The internet is mourning the loss of a legend. Kabosu, the Shiba Inu dog whose image became synonymous with the wildly popular "Doge" meme and the Dogecoin cryptocurrency, passed away peacefully at 17 years old on Wednesday. Elon Musk and the symbol of Dogecoin. Photo: Fox Business From Shelter Dog to Viral Stardom Kabosu's journey began in 2008 when she was adopted from a shelter in Japan. A seemingly ordinary picture of Kabosu, tilting her head with a quizzical expression, was posted on her owner Atsuko Sato's blog in 2010. Little did they know, this photo would spark a global…