Stacks, a Bitcoin Layer 2 solution, had major growth over the last year with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack’s native cryptocurrency, STX, experienced a significant surge of 203% quarterly and an impressive 598% year-over-year, reaching a milestone of $2 billion. Stacks Q4 Report...Read More
A federal police officer is currently undergoing legal proceedings in the Melbourne Magistrates’ Court, facing allegations of pocketing confiscated cryptocurrency from an online drug trafficking syndicate. The committal hearing, presided over by Magistrate Malcolm Thomas, is ongoing, with the defendant’s lawyer saying the case was “circumstantial” and they would dispute the accusations. Drug Trafficking Raid...Read More
In spite of the fact that Coinbase has always been one of the most well-known trading platforms, business within the past few years hasn’t been much easier for them than lesser-known exchanges. Between crypto winter, an ongoing lawsuit, the need for personnel reductions, and the other expenses of running a business, Coinbase has suffered business...Read More
Kraken, one of the leading cryptocurrency exchanges, revealed it had received a substantial increase in data requests in 2023. Among the key findings, the company disclosed that 28.2% of these requests originated from U.S. law enforcement agencies, marking a substantial portion of the total inquiries. Kraken Received Nearly 5,000 Inquiries Kraken, serving a vast clientele...Read More
Scammers have taken their tactics to the next level and are now using real funds in address poisoning attacks. A recent incident where a victim lost nearly $50k was brought to light through a post on X by Cyvers Alerts, a platform dedicated to raising awareness about online threats. Crypto Users Targeted with Real ETH...Read More
A 51% attack occurs when a single network miner or group of miners controls more than half of a blockchain network’s hash rate. Theoretically, this would enable the attacker to block transactions from taking place in the blockchain, alter the sequence of new transactions, and potentially revert past transactions (referred to as “double spending”) by...Read More
South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance. The latest development surfaces amid intensifying crypto trading activity in South Korea, particularly with the surge in Bitcoin trading. Bithumb’s Market Share Peaks at 72% Crypto...Read More
Representatives from crypto giants Coinbase and Circle have urged the U.S. government to crack down on non-compliant international digital asset firms – some of which include their biggest competitors. Grant Rabenn, Legal Director of Financial Crimes at Coinbase, told Congress on Thursday that criminals are seeking out “offshore platforms” to avoid anti-money laundering rules enforced...Read More
The interest in spot Bitcoin ETFs among financial institutions such as banks and brokerages is surging as they push for the Securities and Exchange Commission (SEC) to change the definition of crypto assets. Under the new definition, they would have a bigger role in crypto, such as being Bitcoin ETF custodians. Banks Petition SEC for...Read More
As Bitcoin’s highly anticipated halving event approaches, new research from Galaxy Digital suggests that up to 20% of the cryptocurrency’s current hash rate could go offline. This reduction is expected to impact eight specific ASIC mining machine models, leading to a drop in the network’s overall hash rate. Galaxy Digital’s Projections Galaxy’s mining analysts revealed...Read More
Mimblewimble-based privacy coin Beam (BEAM) experienced a 7% price slump earlier today due to large offloading by a single wallet address. A tweet by blockchain analytics platform Lookonchain revealed that the offloaded assets were stolen in a phishing attack that occurred on February 15. BEAM Holder Falls for Phishing Attack According to Lookonchain, the phishing...Read More
Bitcoin continues to captivate investors’ attention as it surged by over 20% in the past month, thereby surpassing the much-anticipated level of $50,000 this week. While questions arise about the rally’s endurance, a notable faction of investors assert the sustainability of the current upward momentum in the leading crypto asset’s trajectory. $5 Billion Bitcoin Buying...Read More
In a post on X on Feb. 15, the Uniswap Foundation provided the release window “now that the launch of Dencun [Ethereum upgrade] on Mainnet has been scheduled for March 2024.” The Q3 rollout of Uniswap v4 will occur after Ethereum’s Dencun upgrade, which will enable EIP-1153 for transient storage. EIP-1153 will allow Uniswap v4...Read More
Tron Founder Justin Sun revealed the protocol’s ambitious Bitcoin Layer 2 roadmap that will facilitate the injection of funds into the BTC network while boosting scalability, speed, and security. TRON is also looking to integrate tokens on the network with the Bitcoin blockchain, which will ensure seamless interactions and interoperability between TRON and Bitcoin. A...Read More
Brian Nelson was grilled during a House Financial Services Committee hearing providing oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence, according to a press release from Representative Tom Emmer on Feb. 14. Treasury Undersecretary Brian Nelson had to answer for reports that Hamas received $41 million and...Read More
Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin...Read More
JPMorgan has boosted its outlook on Coinbase stock (COIN) from “underweight” to “neutral” after following a better-than-expected crypto market rally to kick off the year. In a research report shared with CryptoPotato, the bank’s analysts argued that Bitcoin has experienced “meaningful price appreciation” after the launch of Bitcoin spot ETFs last month. JPMorgan’s Revised Coinbase...Read More
In contrast to Bitcoin-tracking exchange-traded funds (ETFs), gold-tracking ETFs have witnessed significant outflows this year. On February 14, Eric Balchunas, an analyst at Bloomberg Intelligence, disclosed that gold ETFs in the top 14 rankings have experienced a combined outflow of $2.4 billion since January. Gold ETFs Experience $2.4 Billion Outflows BlackRock’s iShares Gold Trust Micro...Read More
Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin...Read More
The cryptocurrency industry has experienced a considerable uptick since the beginning of 2024 as the broader market capitalization exceeds $2 trillion for the first time in a long while. Many analysts and industry experts are calling for even better times ahead, pinpointing that the upcoming Bitcoin halving in April has historically been a precursor to...Read More
Bitcoin ETF inflows have surged over the last four days to reach over $2.2 billion, more than the entire first four weeks of trading. Notably, the bullishness around the inflows has been viewed by market participants as a major factor driving Bitcoin’s rally, which saw its price pass the $52,000 mark. Bitcoin ETFs See Record-Breaking...Read More
Starknet Foundation has announced its plans to begin distributing its native network token – STRK – on February 20th With nearly 1.3 million wallets eligible for a reward – including early users of ecosystem dapps, network contributors, and others, this token distribution method sets Starknet apart from the rest, according to Eli Ben-Sasson, the board...Read More
Kraken has reportedly implemented a requirement for its users in the United Kingdom to verify their self-custodial wallets. According to a few recent posts, Kraken has commenced the implementation of this verification process, citing “regulations in the UK.” Verification Measures A snippet of the email shared by Van Straten outlined the necessity of maintaining current...Read More
Hayden Adams, the founder of Uniswap, took to social media to alert the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Adams’ warning sheds light on how scammers are leveraging fake clones of Ethereum Name Service (ENS) domains to deceive users and potentially siphon funds....Read More
Multinational financial services giant Citibank announced on Wednesday that it is experimenting with tokenized securities on the blockchain to bolster the adoption of distributed ledger technology on Wall Street. Based on the results of the “simulation,” the bank will determine whether it plans to offer related blockchain-based services in the coming weeks. Citibank Onboards The...Read More
Pandora, an unofficial ERC-404 standard, has become the latest sensation since its launch on February 2nd. In just a week, this new Ethereum token’s fully diluted valuation surged above $320 million while its total trading volume climbed 73,024 ETH, which is worth around $190 million. Currently, Pandora’s price stands at above $21,000, marking a 32%...Read More
Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – faced heated pushback from one of CNBC’s popular anchors on Wednesday over the former’s “pet rockish” view of Bitcoin (BTC). During an eight-minute interview, Joe Kernen interrupted the chairman several times to call out his perceived prejudices against Bitcoin, and his primary...Read More
PlayDapp, a South Korean blockchain-based game development platform and non-fungible token (NFT) marketplace, has lost over $290 million in crypto from an exploit lasting four days. According to a tweet from the platform’s team, the smart contract of PlayDapp’s native token, PLA, has been paused, and preparations are ongoing to conduct a snapshot for migration....Read More
Bitcoin’s meteoric rise continues as its total market value surpasses $1 trillion, fueled by a surge in price to over $51,000 on February 14th. This increase follows rising interest from not just individual but also institutional investors, propelling Bitcoin to sustainable price appreciation despite significant challenges. Despite the latest milestone, data suggests an ongoing battle...Read More
Eight Bitcoin ETFs’ daily inflows hit 12,073 BTC worth $590 million on February 13, with BlackRock’s iShares leading in those numbers. Meanwhile, Grayscale outflows slowed to only 1,147 BTC, worth $56 million after weeks of high outflows. Spot Bitcoin ETFs Inflows at $590M On February 13, as reported by Lookonchain, the leading spot Bitcoin ETFs...Read More
