On May 14, Ethereum solutions provider ConsenSys announced the deployment of Smart Transactions, a new technology rolling out to all MetaMask users globally as an optional feature. Smart Transactions aims to offer better transaction success rates, reduce gas costs, and protect users from harmful MEV (Maximal Extractable Value) attacks like frontrunning and sandwiching. MetaMask users...Read More
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated...Read More
Bitcoin has continued to gain mainstream adoption, with major corporations and top industry dogs incorporating the digital asset into their long-term financial strategies. Metaplanet, a Japanese investment and consulting company listed on the Tokyo Stock Exchange, is the most recent firm to make such a remarkable move. Metaplanet Makes Bitcoin Reserve Asset According to an...Read More
Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s price action is in for a lengthy sleeper period until the market “narrative” can rear its head. That narrative can come in one of two forms: either the central bank cuts interest rates, or regulators clear the air on crypto. Bitcoin Needs A New Narrative During a company...Read More
According to reports from Cyvers Alerts, the hacker who stole 150,000 ETH from the Parity Multisig Wallet version 1.5 in 2017 has resurfaced, moving stolen Ethereum worth $9 million to cryptocurrency exchange eXch. The hacker still has control over 83,017 ETH, amounting to $246.6 million stolen during the 2017 incident. $9M Worth of Ethereum Laundered...Read More
Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors...Read More
United States President Joe Biden has shut down a Chinese-based cryptocurrency mining firm and banned it from acquiring land close to a Wyoming nuclear missile base. According to Biden, the firm was built just a mile from an Air Force base with nuclear-armed intercontinental ballistic missiles, posing a “national security risk.” MineOne Ordered to Shut...Read More
Bracebridge Capital, a hedge fund that manages the finances of institutions like Yale University and Princeton University, has emerged as the largest holder of various spot Bitcoin exchange-traded funds (ETFs), according to a recent 13F filing with the Securities and Exchange Commission. The Boston-based firm disclosed its ownership of shares in Ark Invest, BlackRock, and...Read More
The movement of stolen cryptocurrency from the Poloniex hack in November 2023 is far from over. Although Poloniex claimed to have identified the attacker weeks later and offered a $10 million reward, the stolen funds were never returned. In the latest development, PeckShield, a blockchain investigation company, found that more than half of the stolen...Read More
Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion in illicit funds using the sanctioned crypto mixer. Pertsev, a 31-year-old Russian living in the Netherlands, was sentenced to 64 months in prison by a Dutch court. His lawyers can appeal the decision within 14 days. Tornado Cash Developer’s Conviction The developer...Read More
While the crypto market is far from its March peak, analysts say the fundamentals of the Bitcoin network remain strong. According to the latest Bitfinex Alpha report, Bitcoin’s foundational strength is underscored by key factors like the steadfastness of long-term holders and the plunge in mining difficulty. These factors indicate that the network is positioned...Read More
A Bitcoin selloff may be looming as miners are facing increasing pressure due to a sharp decline in revenue following the April 20 halving which slashed block rewards from 6.25 BTC to 3.125 BTC. On May 13, crypto research firm Kaiko revealed that the recent halving cut the daily production from 900 to 450 BTC,...Read More
Meme coins are rallying, with PEPE leading the charge to a new all-time high of $0.00001096. This rally follows GameStop stock trader Keith Gill, famously known as “Roaring Kitty,” returning to his social media platform, X, after a three-year hiatus. PEPE Hits All-Time High PEPE has skyrocketed, with its price surpassing the $0.000010 mark for...Read More
On Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs saw a total outflow of $39.3 million, according to preliminary data from Farside Investors. It is the highest total outflow for the institutional investment products since they were launched on the Hong Kong Stock Exchange on May 2. Spot Bitcoin funds from issuers Bosera,...Read More
Deutsche Bank analysts believe most stablecoins are doomed to fail following an internal analysis of 334 currency pegs over the past 200 years. “Some may survive, although most will likely fail,” wrote the German banking powerhouse in a study published on Tuesday. The analysts argued that the few FX pegs that have held staying power...Read More
Crypto asset management giant Grayscale says there’s a “renaissance” in Bitcoin development, with several new Layer 2s (L2s) worthy of keeping an eye on. In a new investor report, Grayscale analyst Michael Zhao argued how these technologies may both bring new use cases to Bitcoin and foster more market demand for BTC. Rollups On Bitcoin...Read More
The crypto whale who lost $71 million worth of wrapped bitcoins (WBTC) via a dusting attack has recovered the stolen funds after negotiations with the hacker. According to a tweet by blockchain security firm PeckShield, the scammer began returning the funds on May 9 and completed the process on May 11. Stealing $71M WBTC The...Read More
Since its much-hyped debut during the latest Bitcoin halving, activity on the Runes protocol has experienced a significant downturn. The protocol, which allows users to create fungible tokens on the Bitcoin blockchain, saw a surge in transactions initially but has since declined in activity, particularly on May 10. Runes Protocol Decline According to data from...Read More
Crypto is now a partisan issue in the United States, and there’s a clear reason as to why, according to a former Coinbase executive. Author and entrepreneur Balaji Srinivasan argued this weekend that digital assets appeal to “American conservatives” and “Chinese Liberals” – demographics that generally aren’t represented by the Democratic party. Crypto Versus Rich...Read More
By Adam Efrima The crypto space is full of buzzwords and abbreviations, and today, I’ll be discussing one that’s not quite so widespread yet: Decentralized Validator Technology, or DVT. It promises to fix a major worry about how traditional validator setups operate on Ethereum by significantly decentralizing and securing the process. Validators are the entities...Read More
Tether CEO Paolo Ardoino has slammed Ripple chief executive Brad Garlinghouse for spreading fear, uncertainty, and doubt (FUD) about USDT, its largest stablecoin offering. In a Monday tweet, Ardoino outlined Tether’s efforts to sustain a global financial ecosystem while maintaining regulatory compliance by working with law enforcement agencies to combat criminals. Spreading FUD About USDT...Read More
Bitcoin worth over $60 million has been transferred from dormant wallets that have remained inactive for over a decade. The transfer, which occurred yesterday, involved the movement of 1,000 BTC, valued at $62.8 million according to current prices. Dormant Addresses Move BTC Worth $62.8 Million According to on-chain data, two Bitcoin wallet addresses, dormant since...Read More
Robert Kiyosaki has become one of the most vocal supporters of ‘real money,’ as he calls it, that includes gold, silver, and bitcoin. Simultaneously, he continues to bash ‘fake money’ like the US dollars. During his latest warning, Kiyosaki asserted that a potential gold-backed stablecoin launched by the countries in BRICS could lead to hyperinflation...Read More
Crypto markets remained flat over the weekend following a fall last week, dropping total capitalization to $2.38 trillion. This week’s economic calendar could induce more volatility as key inflation data is reported alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic Calendar Tuesday will see the...Read More
The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s...Read More
Disgraced FTX founder Sam Bankman-Fried revealed that he hasn’t experienced abuse and doesn’t “feel unsafe.” The only time he feels bothered is during the night when they ask about the rice bags they plan to use for trade. This was his first comprehensive interview since being imprisoned. SBF’s Prison Survival: Beans, Rice, and a Currency...Read More
The Hong Kong police force is in search of four men who abducted a crypto investor on Tuesday at Tai Lau Leng Village off Po Shek Wu Road in Sheung Shui district. According to a report by the South China Morning Post, the suspects stopped the 55-year-old woman while she rode in a car with...Read More
The high-tech industry continues to make active inroads into the blockchain industry, proposing and building out new solutions that make Web3’s products better and more usable by mainstream folks as well as sophisticated industry participants. 1. Block CEO Jack Dorsey – Bitcoin Bull Back in 2021 at “The B-Word” conference by Crypto Council for Innovation,...Read More
Crypto is emerging as a hot topic in the U.S. presidential election this year, with many voters looking forward to hearing their candidates takes on the asset class. Per a Digital Currency Group (DCG) survey of 1201 registered voters conducted last month, about one in five voters view crypto as a major issue in the...Read More
Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed...Read More
