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State of Wisconsin Investment Board (SWIB) has disclosed it bought almost $100 million of BlackRock’s Bitcoin ETF $IBIT. The state pension disclosed the holdings in a 13F on Tuesday. Senior ETF analyst Eric Balchunas says these filings suggest more firms are set to buy spot Bitcoin ETFs. A state pension has acquired a position in the spot Bitcoin ETF space, marking what a leading ETF expert says could be the beginning of a massive adoption curve. State of Wisconsin Investment Board buys $IBIT On Tuesday, the State of Wisconsin Investment Board disclosed it holds n early $100 million in BlackRock’s iShares Bitcoin Trust ($IBIT). Particularly, the state’s filing showed it bought 2.4 million shares of $IBIT worth $99 million in the first quarter. The details were part of the investment board’s 13F filing, which is a quarterly report that investment managers file with the US Securities and Exchange Commission (SEC). 13Fs disclose an i...

The Starknet Foundation has unveiled a new initiative designed to support community members who helped the network’s growth. The Starknet Foundation, a non-profit organization focused on the Starknet ecosystem, is set to distribute 50 million STRK tokens to those who supported the project in its early days. In a forum post on Oct. 30, the foundation announced the Early Community Member Program (ECMP), an initiative to support Starknet early contributors. “We are aware that we are bound to miss some pivotal individuals at this process, and will save some of the program tokens for people that would appeal around their exclusion.” The Starknet Foundation Although the STRK token is yet to be listed on crypto exchanges, the foundation has allocated 50 million STRK tokens to incentivize developers and early adopters . You might also like: Starknet unveils major performance enhancement goals for 2023 Those interested in participation should submit their a...

The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year. A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 Bitcoin worth around $299 million in a series of transactions on July 12.  It’s unclear at this time whether the transactions, which appear to have ultimately propagated to at least 101 new wallets, were sent to exchange addresses for sale or remain in the custody of the Justice Department. DOJ Bitcoin transactions. Source: Screenshot via Blockchain.com Initially, approximately 9,825 of the Bitcoin (BTC) associated with the Silk Road seizure moved in a pair of transactions sent to three addresses at around 1:00 pm UTC. The bulk of the coins — 8,200 BTC worth n early $250 million as of the time of this article’s publication — were sent to a single address, which subsequently split the total amount across 101...

The Solana Foundation lost close to $200m in the epic collapse of crypto exchange FTX, and says it remains an open question if any of it can be recovered in the aftermath of the bankruptcy. According to a newly updated report, the Solana Foundation held approximately $1m in cash, 3.43m FTT tokens and 134.54m SRM tokens on FTX as of November 6, the date when the exchange ceased to process customer withdrawals. Using pricing from just before the collapse when FTT traded at $22 and SRM at around $0.8, these digital assets were worth a combined $183m. Additionally, the Foundation also said it held approximately 3.24m shares in FTX Trading LTD, the main corporate entity behind FTX.com. However, the loss from these shares is more difficult to evaluate given that FTX was not a publicly traded company. A funding round in early 2022 valued FTX at around $32bn. The Foundation stressed in its report that it did not have any SOL tokens custodied on FTX.com at the time of the c...

Author: Feng Xiao, founder of Wanxiang Blockchain Editor: WuBlockchain Original link: https://mp.weixin.qq.com/s/-LbbuUN9i69ydcN2snchcQ On September 15, 2022, Ethereum will usher in another historical moment after the publication of the first white paper at the end of 2013 and the mainnet launch in July 2015 — “The Merge”. Ethereum’s consensus mechanism will switch from Proof of Work (POW) to Proof of Stake (POS). “The Merge” will reduce the energy consumption of Ethereum by 99%, the issuance of ETH by 90%, and the cost of “Gas” will be close to zero after merging through sharding and L2 (layer 2 protocol). While network security and health are completely unaffected,”The Merge” will help Ethereum with extremely flexible scalability and high performance of 100,000 per second in the next 3 years and 10 million per second in the next 10 years. This will further establish Ethereum as the universal infrastructure of the metaverse. “The Merge” is not only an important moment in the history ...