The XRP Ledger (XRPL), operating for more than ten years, expanded its activity in several directions in the fourth quarter of 2023. As a result, the collective market value of tokens on the XRPL surged by 47% quarter-over-quarter to $169 million, as per Messari’s recent report. Currently, the XRPL hosts over 3,300 different assets. However,...Read More
The seventh day of the COPA v. Wright trial kicked off on Tuesday, exposing a glaring weakness in the latter’s argument to convince the court that he is the creator of Bitcoin. When pressed by prosecutors, Craig Wright failed to name a single person outside of the public domain to whom he had sent Bitcoin...Read More
Founders Fund, the venture capital enterprise founded by billionaire Peter Thiel, is reportedly reinvesting in Bitcoin and Ether, as per reports. This move by the San Francisco-based venture capital firm, which has roughly $12 billion in total assets under management as of 2023, marks a resurgence of Silicon Valley’s interest in the crypto market. Silicon...Read More
Michael Saylor, MicroStrategy’s co-founder and executive chairman, said in a recent interview that the demand for Bitcoin coming from the recently listed spot Bitcoin exchange-traded funds (ETFs) is tenfold the supply available from natural sellers, who are miners. Saylor believes the ETFs are supporting the surge in the Bitcoin price since there is an imbalance...Read More
Cathie Wood, founder of ARK Investment Management, has expressed skepticism regarding the Securities and Exchange Commission’s (SEC) stance on approving spot exchange-traded funds (ETFs) following cryptocurrencies beyond Bitcoin and Ethereum. Wood’s sentiment was echoed in her recent remarks on WSJ’s Take On the Week podcast: “We’d be surprised to see anything but Bitcoin and Ether...Read More
The Crypto Fear and Greed Index, a tracking tool for market sentiment in crypto, has surged as high as 79 out of 100, hitting a level not seen since Bitcoin peaked at $69,000 in November 2021. The increase, observed on February 13, comes as Bitcoin surpassed the $50,000 mark a day earlier. Crypto Fear and...Read More
Ripple – the company behind the popular cryptocurrency XRP – has announced that it acquired an enterprise-grade regulated platform for digital assets called Standard Custody & Trust Company. According to the official announcement, the move is aimed at underscoring Ripple’s commitment to regulatory compliance. Speaking on the matter was Monica Long, Ripple President, who said:...Read More
Nym Technologies has secured a grant from the ZCash Community Grants, extending the metadata privacy safeguards of the Nym mixnet to the Zcash ecosystem. The Nym mixnet serves as a layer-0 privacy infrastructure. It is compatible with any blockchain and can seamlessly integrate to conceal traffic, safeguard privacy, and enhance the security of both users...Read More
Bitcoin surged above $50,000 for the first time since December 2021, which is more than two years ago. The crypto asset broke multiple resistance levels along the way. However, sustaining this psychologically significant threshold proved challenging, as Bitcoin retraced to the $49,800 mark on Tuesday. There’s a crucial resistance level at play that could induce...Read More
Shiba Inu – one of the most popular meme coins on the market – has seen some notable increases in important on-chain metrics of Shibarium. The latter is an L2 built on Ethereum designed to service the needs of the Shiba Inu ecosystem. According to on-chain data from Shibariumscan, the number of daily transactions has...Read More
The lawsuit between the United States Securities and Exchange Commission and Ripple Labs is approaching a decisive phase. Scheduled for April 23rd, 2024, the trial will resolve one of the longest-standing legal conflicts in the industry and also one that will most likely have a considerable impact on the entire field. Most Recent Ripple v....Read More
The ad was launched less than a week after US President Joe Biden was accused of killing the US dollar by Russia’s President Vladimir Putin in a recent interview. In its latest ad released on Feb.12, Coinbase used an animated Abraham Lincoln on a penny (or 1-cent coin), saying that it used to mean something....Read More
The verdict in Changpeng Zhao’s court battle with the United States government will be delayed, according to a notice filed in a Seattle court. CZ, who pleaded guilty to violations of AML procedures, was allowed to remain out of custody until his sentencing in exchange for a bail bond of $175 million. A further $15...Read More
Investments in digital assets surged by $1.1 billion, bringing the year-to-date total to $2.7 billion. With the recent market recovery and subsequent price hikes, the total assets under management (AuM) have reached their highest point since early 2022, hitting $59 billion. According to Coinshares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated...Read More
After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that plan is now scrapped, and the company will simply dissolve once all debts are paid off. Andrew Dietrich, one of the lawyers representing FTX in the court case, stated that although...Read More
Two top executives of Swiss-based cryptocurrency custody provider Metaco have reportedly departed the firm less than a year after landing an acquisition deal with blockchain solutions company Ripple. According to a CoinDesk report citing a Ripple spokesperson, Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to...Read More
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years, according to Grayscale. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs, according to...Read More
Farcaster, an Ethereum Layer 2 Optimism-based decentralized social protocol, has seen its total revenue surge to $600,000. The platform’s rise has been likened to FriendTech, another decentralized social network, which attracted a lot of users initially until it grappled with high fees that led to its failure. Farcaster’s Growth Surges with Frames Integration Farcaster initially...Read More
A trader has recently managed to make a substantial profit of $59,000 in just 11 hours from an initial investment of 1 Ethereum (ETH), valued at $2,500. The trader managed to do this by leveraging the MINER token based on the ERC-404 token standard and using strategic high-gas transactions. The Trader’s Strategy Lookonchain Analytics shared...Read More
Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome...Read More
Nine newly launched spot Bitcoin ETFs have collectively accumulated 216,309 Bitcoins (worth $10.3 billion) in just 21 days after launching. According to HODL15Capital, the Bitcoin collection now surpasses the holdings of MicroStrategy, which owns 190,000 BTC, having begun accumulating portions of the asset in August 2020. Bitcoin ETFs Accumulate Substantial Holdings The ETFs, BlackRock (IBIT),...Read More
On Feb. 12, Mechanism Capital partner Andrew Kang predicted that long-term Bitcoin demand flows this year would be between $40 billion and $130 billion. There is a huge amount of global wealth and income that could potentially flow into crypto, he said, stating that the global aggregate income is around $52 trillion. Current crypto ownership...Read More
In January, the crypto venture capital landscape saw a significant uptick in investment projects. According to Wu Blockchain’s report leveraging RootData’s statistics, there were 113 publicly disclosed investment projects, marking a notable increase of 10.8% compared to December 2023 and a steady year-on-year rise of 1.8% from January 2023. $650 Million Raised Among the diverse...Read More
The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of certain provisions. According to a press release, crypto criminals face jail terms of more than a year or a fine equal to three to five...Read More
CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic...Read More
On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated. The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark...Read More
On Tuesday, the Solana network experienced five hours of unusability. Validators, crucial components of Solana’s infrastructure responsible for processing and validating blockchain transactions, restarted the network before 10 am Eastern Time. Solana Labs attributed the recent five-hour blockchain downtime on February 6 to a bug that made transactions enter an infinite loop. The Post-Mortem According...Read More
Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs...Read More
According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites. Notably, most of these thefts occurred on the Ethereum mainnet, with Arbitrum, BNB, Optimism, and Polygon closely behind. Crypto Phishing Attacks Surged in January In a recent Feb. 9 thread on X, Scam...Read More
