U.S. To Auction $118M in Seized Bitcoin
Google To Allow Crypto Ads Staring Jan 29, Celsius Moves $984M To Exchanges, Redditors Bought The BTC Dip Early
Welcome to Coinfeeds Daily Digest! Today we cover the Golem Network having been used in origins of life research that produced a scientific breakthrough, Polygon's user growth having skyrocketed in 2023 that nearly matched Ethereum's, Arbitrum One integrating Chainlink functions into its mainnet, and Celsius moving $984 million in Ethereum to exchanges, which hints at potential creditor repayments. We also cover Google, which is to lift restrictions on crypto ads on January 29th, Ethereum developers have set the timeline for the final Dencun upgrades on testnet, and a pool of Redditors being the first to start buying the Bitcoin dip.
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U.S. To Auction $118M in Seized Bitcoin
The U.S. government has recently announced plans to auction off a substantial amount of Bitcoin, valued at approximately $118 million, which was confiscated from the Silk Road marketplace. It pales in comparison to GBTC, which has transitioned into a BTC ETF and has sold $4.2 billion worth of Bitcoin. | Read More
Google To Permit Crypto Ads Starting Jan 29
Google has announced a significant update to its advertising policy, which will take effect on January 29, 2024. In a move that marks a substantial shift in the digital advertising landscape, Google will begin allowing the promotion of Cryptocurrency Coin Trusts. | Read More
Redditors Were Ahead Of Crowd In Buying Bitcoin Dip
A recent analysis by the analytics firm Santiment has highlighted a striking divergence in attitudes among various social media platforms during a dip in Bitcoin's value. Notably, users on Reddit appeared to buck the trend of pessimism, showing a proactive approach to purchasing Bitcoin as its price fell. | Read More
Celsius Moves $984M in ETH to CEXs
Celsius has been observed moving a staggering 443,961 ETH, which is valued at approximately $984 million, to various centralized exchanges. This is part of a larger series of transactions where the company has shifted a total of 757,626 ETH to different platforms since November 13, 2023. | Read More
Polygon Rivals Ethereum in User Growth
According to recent data, Polygon has seen a surge in user numbers, with 15.24 million 'acquired' users in 2023. This figure is impressively close to Ethereum's user base, which stands at 15.4 million. | Read More
Golem Network Helps Simulate Life's Origin
Golem Network and Allchemy's collaboration has led to a scientific breakthrough in understanding prebiotic chemistry. The project, recognized by the prestigious scientific journal Chem, represents a milestone in understanding the complex chemical reactions that may have led to the emergence of life. Around 20,000 CPU cores using the Golem Network were utilized. | Read More