A TRM Labs research has revealed that the cryptocurrency industry witnessed a downturn in hack volumes in 2023, with a more than 50% reduction compared to the previous year. Despite a consistent number of attacks, around 160, the total value stolen dropped dramatically to $1.7 billion, less than the nearly $4 billion lost in 2022....Read More
Polygon Labs has discontinued contributions to its Edge platform which is designed to build custom Ethereum-compatible blockchain networks. This decision reflects the company’s plans to prioritize the expansion of the Polygon Chain Development Kit (CDK), the open-source development toolkit for building ZK-powered Layer 2 chains on Ethereum for both Web3 projects and Web2 enterprises. Polygon...Read More
This season appears to be one for cryptocurrency exchange-traded funds (ETFs) as multiple traditional finance companies seek regulatory approval to introduce more to the market. First Trust is the latest asset management firm that wants to create another Bitcoin ETF. However, the company is not looking to launch a spot product like others but a...Read More
In recent days, DOGE price has experienced a slight surge, tracking alongside Bitcoin’s move towards the $43K mark. With an uptick in buying interest around current dip, the sentiment is set for a possible breakout for the meme coin. This momentum is supported by various on-chain indicators, particularly the notable increase in profitable Dogecoin addresses,...Read More
Tether, the company behind the largest stablecoin, has released the two letters it had sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. The letters are specifically addressed to pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill. The main goal of Tether’s letters is to address issues...Read More
The price of bitcoin (BTC) has entered a correction phase following the asset’s rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction...Read More
The United States Securities and Exchange Commission (SEC) has responded to Coinbase’s petition, seeking a tailored regulatory framework for the crypto market, stating that the rulemaking petition is “unwarranted.” However, two out of the five Commissioners disagreed with the decision, believing the agency should engage in robust public conversations that could result in rulemaking or...Read More
[PRESS RELEASE – Victoria, Seychelles, December 15th, 2023] Bitget Research, the research arm of Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released a research analysis delving into macro and micro trends within the Bitcoin ecosystem. This report offers insights for investors and outlines potential future technological and financial trends for Bitcoin and...Read More
[PRESS RELEASE – Stockholm, Sweden, December 15th, 2023] Common Wealth, a trailblazer in early-stage Web3 investment, and PAID Network, known for its innovative Ignition Launchpad, announced a groundbreaking partnership aimed at transforming the crowdfunding and investment paradigm in the digital era. This collaboration marks a significant milestone in the Web3 finance sector, promising to make...Read More
With Bitcoin ending the week on a moody slip, the altcoins market stays divided on the topic, and some altcoins are taking it better than others. For instance, Avalanche (AVAX) price shoots up to give a bullish break of $40. In the weekly chart, the recovery rally in the AVAX price trend shows a remarkable...Read More
