A Bitcoin Core developer, Luke Dashjr, asserted that a bug fix on the largest blockchain network could potentially prevent new BTC ordinals and BRC-20 tokens from causing congestion by addressing an alleged vulnerability. The statement comes as Bitcoin approaches the $45,000 mark and a surge in unconfirmed transactions on the blockchain, reigniting the discussion around...Read More
[PRESS RELEASE – Miami, Florida, December 5th, 2023] In a groundbreaking move within the Web3 space, GROW Protocol proudly unveils itself as the “world’s first genuine blockchain protocol offering potential passive income.” Marking a paradigm shift in revenue generation strategies, GROW seamlessly integrates traditional income streams with blockchain technology, crafting a protocol designed for sustained...Read More
[PRESS RELEASE – Vilnius, Lithuania, December 6th, 2023] ProBit Global is excited to announce that CGPT, the utility token of ChainGPT, has been listed on the exchange. ChainGPT is a leading AI infrastructure project focused on developing AI-powered solutions for Web3. The CGPT token is the backbone of the ChainGPT ecosystem, powering AI tools, DAO...Read More
Thirdweb, a smart contract development firm within the Web3 ecosystem, has discovered a security vulnerability that potentially affects a range of smart contracts across the Web3 landscape. The company offers multichain smart contract deployment tools for various applications such as gaming, minting, marketplaces, and wallets, with a user base of over 70,000 developers. Thirdweb Discloses...Read More
Bitcoin has recently witnessed a significant upswing, breaking past the $44,000 mark for the first time since the early months of 2022. This impressive rise is driven by a mixture of factors, including a decrease in interest rates and the growing excitement over the potential launch of a Bitcoin ETF (Exchange-Traded Fund) in the United...Read More
Though most crypto investors have good reason to be optimistic this week, Celsius creditors may be in for a bad deal if digital asset prices continue to climb. The bankrupt crypto lending firm may soon be able to pay its cash-based debts simply by liquidating its newly profitable Bitcoin (BTC) and Ethereum (ETH) holdings alone....Read More
Riot Platforms is one of the leading cryptocurrency mining companies with a steady stream of income. A Well-Grounded Company The company’s strength lies in the sheer scale of operations, which allows it to drive down the cost of mining Bitcoin by virtue of its immense processing power. Although it faced a significant downturn during crypto...Read More
Cryptocurrency trading volumes on Robinhood experienced a significant increase in November by approximately 75% above the levels recorded in October, based on early results disclosed by the company. However, equity trading volumes and options contracts traded in November remained relatively consistent, aligning with the levels observed in October, according to a Form 8-K filing submitted...Read More
In a week that saw Bitcoin surging to an impressive $42,000, Tether, the company behind the world’s largest stablecoin, witnessed a substantial increase in the value of its BTC holdings, resulting in a staggering unrealized profit of over $1 billion. Since May 2023, Tether has amassed 4,083 BTC. Tether’s Bitcoin Holdings Soar According to data...Read More
BlackRock – the world’s largest asset manager – announced securing $100,000 in seed funding from an undisclosed investor for its latest spot Bitcoin ETF proposal. This revelation comes from the giant’s recent filing with the United States Securities and Exchange Commission (SEC). The development comes on the heels of the company filing an amended S-1...Read More
Ki Young Ju, the co-founder and CEO of CryptoQuant, has provided insights into the behavior of whales in the cryptocurrency market, specifically focusing on their preparations for market growth towards the end of 2023. The latest highlights came after his October post, where he noted that Bitcoin whales were adopting a “risk-on mode,” indicating a...Read More
The pre-bull market has already started, and in January 2024, following the approval of Bitcoin ($BTC) spot ETFs, the starting pistol will fire for the 2024/ 2025 bull run. Institutional capital inflows will send the markets to new heights, and altcoins will experience a true mania stage. The name of the game is finding undervalued...Read More
For its more speculative enthusiasts, Bitcoin is delivering an early Christmas by racing beyond the $40,000 threshold and showing strong upward momentum. The rally has helped the market to distance itself from the challenges of the crypto winter in 2022. Yet, it’s essential to note that Bitcoin began the year with a precarious start, initially...Read More
[PRESS RELEASE – Cayman Islands, Cayman Islands, December 5th, 2023] Curvance introduces a new, efficient approach for users to yield farm and maximize yield on their DeFi investments Curvance, a full-service omnichain money market for yield-bearing, LSDfi, tokenized treasuries, and primitive assets, announces the close of a $3.6M seed round supported by Offchain Labs, Wormhole,...Read More
Bitcoin (BTC) has reached a new year-to-date high, soaring past $42,000 on December 4. The asset has broken through the upper limit of the trading range it was confined to for weeks, recording its strongest monthly close since March 2022. However, analysts from the cryptocurrency exchange Bitfinex have warned that investors and traders be wary...Read More
In addition to its price hitting a 19-month high, Bitcoin dominance also hit local highs, topping 54%. However, a minor retreat in the metric and a potential BTC correction could be good news for altcoins. On Dec. 4, crypto trader Jacob Canfield commented on the dominance decline and potential for altcoin moves. “I’m liking this...Read More
El Salvador President Nayib Bukele said the country’s Bitcoin (BTC) investment is in profit as the price of the asset crossed the $40,000 mark for the first time in almost two years. The Central American country started buying BTC in September 2021, with its stash currently worth over $130 million. El Salvador BTC Portfolio Sees...Read More
The Bitcoin critic Peter Schiff made yet another bold prediction about the fate of Bitcoin in light of gold’s recent dip following a peak. In a fresh assault on Bitcoin’s potential, Schiff predicted a collapse “more spectacular” than the crypto asset’s recent rally. Schiff may have convinced himself that Bitcoin is spiraling into oblivion, but...Read More
In a recent market analysis, acclaimed analyst Michaël van de Poppe sheds light on Bitcoin’s current state, emphasizing the importance of maintaining stability. With the critical support level at $36k- $38k holding firm, he envisions Bitcoin’s price soaring to $47k-$50k in December. Bitcoin to Hit $47k-$50k In a recent tweet, renowned cryptocurrency analyst Michaël van...Read More
In the past week, investments in digital asset products surged by $176 million, marking the 10th consecutive week of continuous inflows. The total inflow over this period reached $1.76 billion, constituting 4% of the assets under management (AuM). This streak of inflows is the largest since October 2021, when the US witnessed the launch of...Read More
A phishing scam targeting the Stargate Snapshot platform resulted in significant financial losses. A Discord Moderator of LayerZero, the underlying network of Stargate, revealed that a scammer effectively carried out a deceptive proposal vote, utilizing a phishing link to manipulate users into staking STG tokens. Scammer Misleads Token Holders in Fake Proposal Vote The scam...Read More
The individuals accused of orchestrating the $8.5 million hack of Platypus Finance, an Automated Market Maker (AMM) protocol on Avalanche in February 2023, have been cleared of criminal charges by a French court, according to Le Monde. The defendants, identified as Mohammed and his brother Benamar M., were arrested approximately one week after attacking the...Read More
In a year marked by a massive recovery run in the broader crypto market, the non-fungible tokens (NFTs) sector has displayed a contrasting performance. While industry leaders like OpenSea have historically dominated the NFT space, relatively newer players, such as the Blur NFT marketplace, have emerged as formidable contenders. As of December 3, the Ethereum...Read More
In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking this chance to sell their holdings and exit the market with gains. Despite this, strengthening support levels suggest that Ethereum’s price is poised for a...Read More
While the price of Bitcoin (BTC) ballooned to a 19-month high this weekend, Ethereum (ETH) has kept apace, surging beyond $2200 for the first time since May 2022. On-chain analysts at CryptoQuant have identified three drivers behind the crypto’s stellar performance over the past month. Ultrasound Money Takes Effect As shared by analyst MAC_D, ETH...Read More
Itau Unibanco, Brazil’s largest bank, has officially entered the cryptocurrency exchange market, launching a trading service for its investment platform clients. The service debuted on Monday and enables users to trade Bitcoin and Ether, the two most popular cryptocurrencies. Itau Expands Crypto Trading with Diverse Portfolio According to a Reuters report, Guto Antunes, the head...Read More
[PRESS RELEASE – Singapore, Singapore, December 4th, 2023] HashKey Capital, a leading investment firm, has recently become aware of potential instances of impersonation attempts involving scammers falsely posing as representatives of the company. HashKey Capital wants to assure its clients and the public that it has no association with any of these impersonation schemes. Upon...Read More
[PRESS RELEASE – Dubai, UAE, December 4th, 2023] After two years in development LandX, the agricultural finance protocol, successfully closed its private investment round surpassing expectations. The round raised over $915,000 USD from private investors which brings the total raised to over $5 million USD. The milestone marks a significant vote of confidence in the...Read More
In a not-so-safe turn of events, the supposedly secure Safe Wallet is feeling the heat. Users of Safe Wallet are facing a major threat as a crypto hacker skilled in “address poisoning attacks” successfully pilfered over $2 million from 10 users between November 26 and December 3. Safe Wallet Users Targetted in Address Poisoning Scam...Read More
Blockstream CEO Adam Back has projected that Bitcoin’s price will reach a staggering $100,000 before the next halving event. This prediction, defying historical Bitcoin pricing trends, has sparked a mix of excitement and skepticism, highlighting the fluctuating nature of the cryptocurrency market. Bitoin Price Prediction Bitcoin analyst Vijay Boyapati recently questioned whether Bitcoin might hit...Read More
