Coinbase has had a great run recently, topped off with a great Q4 2023 roundup in which the platform announced that it had beaten analyst predictions and was well on track to recovery from crypto winter. However, a technical glitch – which was reportedly caused by high traffic – recently struck the exchange, causing the...Read More
Binance has successfully retrieved $4.4 billion worth of digital assets for its users who made errors in their deposits over the past two years. Various reasons, such as inputting incorrect wallet addresses, depositing tokens that are not compatible, and issues arising from blockchain updates, can lead to mishandling of funds. Mishandled Deposits Recovered In 2022...Read More
Bitcoin (BTC) is beginning a parabolic bull run of epic proportions that will last throughout the rest of the year, according to popular price analyst PlanB. In a post to X on Friday, the pseudonymous Bitcoin bull published a graph plotting Bitcoin’s “market cycle,” noting that the price has now emerged from this cycle’s “accumulation...Read More
BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has reached $10 billion in assets under management (AUM) within seven weeks of its launch on January 11. The fund now holds over 162,000 Bitcoin, making it one of the few ETFs to surpass the $10 billion mark. Spot Bitcoin ETF Performance Nate Geraci, president of the ETF...Read More
In a major milestone, Bitcoin rallied past $63,000 this week before retreating to the press time price of around $62,000. Over the past month, the asset has recorded an impressive 46% gain as it edged closer to surpassing its previous all-time high. Despite the massive bullish momentum, the chances of correction depict a cautionary tale....Read More
AI-related coins have demonstrated a noteworthy performance in 2024, as the combined returns of such cryptocurrencies have surged by 76% since the year’s commencement. The Artificial Intelligence (AI) coins market has experienced a 7% increase today, elevating the market cap to $19.8 billion in the past 24 hours. AI Coins Are Top Performers in 2024...Read More
A crypto whale has scored a significant profit of over $2.9 million by strategically investing in the meme-inspired cryptocurrency BONK, according to Lookonchain, a popular on-chain data tracker. The ентитъ acquired 98 billion BONK tokens, valued at more than $1.5 million, from Binance just before the token’s price surged by over 50% in a single...Read More
Michael Saylor, the co-founder of MicroStrategy, has seen a significant increase in his personal wealth, with an approximate gain of $700 million following a three-day surge in the company’s stock and Bitcoin prices. This comes as MicroStrategy recently increased its Bitcoin holding by 3,000 BTC, taking the total of its holdings to 193,000 BTC. Saylor’s...Read More
Leading U.S. investment platforms Meryll Lynch and Wells Fargo are now offering clients access to Bitcoin spot ETFs despite initially hesitating on the move. As reported by Bloomberg, the firms are offering the ETFs to certain wealth management clients who specifically request the product, which allows clients to directly invest in BTC through an ETF...Read More
The Seneca Protocol hacker has given back $5.3 million worth of Ether tokens after draining $6.4 million on Ethereum and Arbitrum networks. Initial investigations suggested that an approval mechanism bug in the protocol’s smart contract was exploited. The stablecoin protocol had recently confirmed roping in with law enforcement but offered leniency, stating the team wouldn’t...Read More
Crypto exchange Gemini has agreed to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini, led by Tyler and Cameron Winklevoss, is also facing legal issues from the US Securities and Exchange Commission (SEC) and the New York Attorney...Read More
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ proposal to retain Dentons U.S. LLC as its special counsel. The SEC has raised concerns about the amount paid to Dentons, describing it as “suspicious.” SEC Raises Concerns Over TFL’s $166M Transfer The SEC...Read More
Online stock and crypto brokerage firm Robinhood has teamed up with the management team of the Ethereum-based layer-2 network Arbitrum to give its wallet users access to swaps on the protocol. According to a release seen by CryptoPotato, the duo announced the alliance on February 29 at the ETHDenver 2024 event in Colorado, saying the...Read More
The Shido blockchain, a layer-1 proof-of-stake project, has been hit by an exploit that saw billions of its native token, Shido, siphoned away. This incident led to the Shido token plummeting by 94% in value within just 30 minutes. Over 4.3 Billion Tokens Lost in Exploit According to reports from blockchain security firm PeckShield, the...Read More
Altcoins are moving slowly, but Bitcoin is powering ahead as the largest digital asset came just below $64,000 on Feb. 28. It has retreated slightly today, but the 25-month high has taken BTC to within 11% of its peak price of $69,000 in November 2021. The same cannot be said for the majority of the...Read More
Bitcoin surged past the $61,000 mark on Wednesday and even briefly tapped $64,000, marking a significant milestone not witnessed in over two years. Over the past month alone, the leading crypto asset has recorded gains exceeding 45%, propelling the total market value above $2 trillion for the first time across the same period. Driving this...Read More
Major cryptocurrency exchange Coinbase said that the platform was beginning to function normally after experiencing a technical glitch, causing users to see zero balances on their accounts. The issue has been attributed to an increase in traffic after the price of Bitcoin briefly touched around $64,000 before retracing. Zero Balances on Coinbase Earlier on Feb....Read More
The Chamber of Digital Commerce (CDC) has filed an amicus curiae to defend Kraken in a lawsuit the U.S. Securities and Exchange Commission (SEC) initiated in 2023. Notably, the CDC supported the crypto exchange’s motion to dismiss the lawsuit in its latest filing. Chamber of Digital Commerce Argues for Kraken In a February 27 filing,...Read More
Ripple partnered with the Axelar Foundation to boost interoperability within the XRP Ledger (XRPL) blockchain, with a specific emphasis on advancing the tokenization of real-world assets (RWAs). The integration of the Axelar network with the XRPL aims to strengthen the layer 1’s DeFi ecosystem by providing necessary liquidity for stablecoins and high-value assets. Meanwhile, the...Read More
The development team behind Dogecoin spinoff Shiba Inu has introduced a new tool for enhancing user privacy in the SHIB and Web 3 ecosystems. The innovation, known as “Fully Homomorphic Encryption (FHE) brings “complete on-chain data protection.” to members of the SHIB community, according to a press release shared with CryptoPotato. SHIB has launched the...Read More
BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021. The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion. Furthermore, thanks to Bitcoin’s rising price during that period, the value...Read More
COTI Foundation has just announced the target use cases and focus areas for its $100 million development fund, all of which will be allocated in COTI tokens. According to a press release shared with CryptoPotato, there will be a selection process for projects who want to apply for funding, and it will be open to all developers,...Read More
The Crypto Fear and Greed Index has shown that investors are currently as greedy as they were more than two years ago when Bitcoin (BTC) hit its all-time high of $69,000. According to data on Alternative.me, crypto market sentiment is now as high as 82, representing a period of extreme greed among investors amid BTC’s...Read More
By Trevor Traina, Founder and CEO of Kresus You are reading these words because our planet is orbiting the sun at just the right distance to neither fry nor freeze us. Our planet is perfectly balanced for life to thrive. And within that world, numerous other forces exist in a state of optimal balance: light...Read More
This market cycle’s altcoin season could be as staggeringly profitable as in previous bull market years. The oncoming inflow of capital to altcoin markets represents an unprecedented level of institutional desire and regulatory approval for Bitcoin and blockchain cryptocurrencies. For those wondering why bitcoin is going vertical today, the answer is very simple: Wall Street...Read More
Bitcoin’s supply-in-profit ratio is very high at the moment, as reported by on-chain analytics firm CryptoQuant on Feb. 28. It noted that the current ratio is the same as the ratio recorded at the peak of the “echo bubble in 2019” and the beginning of the bull market in 2020.” Furthermore, it is approaching levels...Read More
The Blast network’s layer 2 project, RiskOnBlast, has been scrutinized due to suspicions of a potential rug pull scam surfacing. The incident has left investors reeling from significant losses estimated at around 420 Ether (ETH), equivalent to approximately $1.25 million at current market rates. Rug Pull Suspicions The incident began when community members noticed the...Read More
Bitcoin’s fast-rising price is attracting traders and speculators back into the market, on-chain data suggests. In a Tuesday newsletter, blockchain intelligence firm Glassnode highlighted how risk appetite is increasing across various cohorts of the Bitcoin market, including institutional buyers and short-term holders alike. Bitcoin Holders Back In Profit Since the start of the year, Bitcoin...Read More
Deposits made to Tornado Cash using IPFS gateways through IPFS gateways like – ipfs.io, cf-ipfs.com, and eth.link – may have been compromised, potentially exposing users’ deposited funds to risk, according to pseudonymous Tornado Cash developer ‘Gas404.’ Affected users were advised to take immediate action to safeguard their deposits. User Deposits Vulnerable According to a blog...Read More
The Virtual Asset Trading Platform (VATP) is a license provided by the government of Hong Kong that allows crypto exchanges to operate within the bounds of the region. Although the license has been available for several years now, only two exchanges – HashKey and OSL – are currently in possession of one. A number of...Read More
