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Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance

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Arkham, a major player in the cryptocurrency market, has executed a significant transfer of $304 million worth of ARKM tokens to Coinbase Prime custody. This move marks a strategic decision aimed at enhancing security and institutional-grade storage for Arkham’s digital assets.

The transfer to Coinbase Prime custody underscores Arkham’s commitment to safeguarding its sizable holdings of ARKM tokens amidst the evolving landscape of digital asset security. By leveraging Coinbase’s trusted custodial services, Arkham aims to mitigate risks associated with self-custody and ensure robust protection against potential threats.

According to Arkham’s management, the decision to move ARKM tokens to Coinbase Prime aligns with the company’s broader strategy to enhance liquidity and accessibility for institutional investors. The move is expected to bolster confidence among stakeholders and facilitate greater participation in Arkham’s ecosystem.

Coinbase Prime, known for its rigorous security protocols and regulatory compliance, offers Arkham a secure and compliant environment for storing and managing digital assets. This partnership signifies Arkham’s proactive approach to institutional-grade custody solutions amid increasing institutional interest in cryptocurrencies.

The transfer of $304 million in ARKM tokens to Coinbase Prime custody marks a significant milestone for Arkham as it continues to expand its footprint in the digital asset market. The move is poised to strengthen Arkham’s position as a trusted custodian of digital assets and underscores its commitment to advancing secure and reliable infrastructure for cryptocurrency investors.

As Arkham navigates the complexities of the digital asset landscape, stakeholders will be monitoring how this strategic move impacts market dynamics and institutional adoption of ARKM tokens. The collaboration with Coinbase Prime reflects Arkham’s strategic foresight in enhancing security and scalability to meet the evolving demands of institutional investors in the cryptocurrency space.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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