Cross-chain lending protocol Radiant Capital has suffered a hack resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million, according to blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol featuring cross-chain functionality built using LayerZero technology. As of the latest data from DefiLlama, the...Read More
Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years. The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT. Tether Keeps Growing On Jan. 3, Tether and VanEck...Read More
Global macro investor Lyn Alden hopes to see Bitcoin (BTC) reach $200,000 per coin in the next two years, believing $100,000 would be a “disappointing” outcome. In a Monday episode of What Bitcoin Did, Alden assessed Bitcoin’s role within the current macroeconomic environment, and why its potential price destination may be hard to forecast between...Read More
On this day, 15 years ago, Satoshi Nakamoto mined the genesis block of the Bitcoin network, laying the foundation for the cryptocurrency industry. Since 2009, the community has celebrated Bitcoin’s birthday every January 3, reminiscing about one of the most significant moments in crypto history. Bitcoin’s 15th Anniversary The genesis block contains the first 50...Read More
Following an impressive resurgence, Solana has emerged as one of the hottest cryptocurrencies in recent weeks. The digital asset has witnessed a remarkable surge, soaring by over 775% in the last year, attracting investors eager to leverage its impressive rally, which in turn has pumped several tokens based on the Solana blockchain. BORK Mania on...Read More
Matrixport, a crypto-financial service platform, has been notably optimistic about the approval of a spot Bitcoin ETF this month. However, the firm’s recent report suggests a shift in sentiment, speculating that the US Securities and Exchange Commission (SEC) may reject any proposals in January. January Blues for Crypto? The growing anticipation within the crypto community...Read More
Michael Saylor, the founder and former CEO of enterprise software firm MicroStrategy, is selling $216 million worth of MSTR stock from his personal holdings. In contrast, the Bitcoin supporter has not informed that he will be disposing of any of his BTC stash. Stock Value Nearly Quadrupled YoY Microstrategy has famously bought Bitcoin whenever possible,...Read More
Although Ripple’s price didn’t post the 150% profit that Bitcoin delivered investors in 2023, XRP still had a phenomenal year. Moreover, the protocol scored key legal victories against the SEC. Tokens for the multi-currency cross-border settlements protocol by Ripple Labs delivered 80% returns over the previous year, rallying from $0.348556 on Jan. 2, 2023, to $0.630082...Read More
Mickey Mouse, the iconic mascot of the Walt Disney Company, has broken free from the shackles of copyright and made a splash in the world of NFTs. The earlier version of Mickey – featured in the 1928 short film “Steamboat Willie” – recently entered the public domain, marking a historic moment in the realm of...Read More
Bitcoin (BTC) miners have suddenly begun offloading their BTC holdings to crypto exchanges, signaling a potential reversal of months of upward price momentum. Per a Sunday post from SignalQuant – an author for Bitcoin analytics firm CryptoQuant – paying attention to short-term miner behavior may be necessary for “wise investment.” The Meaning Of Miner Deposits...Read More
Chinese official media has highlighted the growing concern over corrupt officials utilizing advanced methods to conceal and transfer illicit gains. This trend, marked by the use of cryptocurrencies and other digital mediums, was a central topic at the 2023 annual meeting of the China Integrity and Legal Research Association. China Faces New Wave of Crypto-Related...Read More
Fox Business reporter Eleanor Terrett believes the sentiment surrounding a spot Bitcoin (BTC) ETF approval in early January is low. It’s worth noting, however, that despite Terrett’s perspective, a considerable number of analysts expect the approval of such products during the same period. SEC is Reviewing Changes to S-1 Filings In a post on X,...Read More
Vitalik Buterin, the co-founder of Ethereum, has released a roadmap detailing the network’s upgrades and activities for 2024. In a series of tweets, Buterin stated that the 2024 roadmap contained few changes from the 2023 plan and that the network is set to focus on the Merge, the Surge, the Scourge, the Verge, the Purge,...Read More
A wave of anticipated Bitcoin (BTC) spot ETF approvals appear days away from launch – yet one of the race’s largest players may be behind on its regulatory procedures. Bloomberg ETF analyst Eric Balchunas noted on Tuesday that the firm’s latest S-3 filing for its Bitcoin ETF is still absent critical information that rival fund...Read More
Bill Lou, the CEO and co-founder of Nest Wallet, has shared on X that he had fallen victim to a crypto phishing attack, resulting in the loss of 52 stETH, equivalent to $125,000. The security-focused crypto wallet app co-founder asked for help with the attack from ZackXBT, a crypto sleuth, and others who could help....Read More
The crypto market sentiment has turned to greed, signaling a bullish stance among investors. According to crypto data source Alternative.me, the Fear and Greed Index is currently at 71/100, representing a period of greed among Bitcoin (BTC) investors. This comes as the leading digital asset surges past the $45,000 resistance level as anticipation around potential...Read More
Bitcoin made its entry in 2024 with the highest surge since April 2022, which is now trading above $45,000. As it became the talk of the town, many analysts, economists, and Bitcoin holders shared the major factors that have dipped Bitcoin value to the sky. Predicted Factors One of the primary factors driving the recent...Read More
Bitcoin reached its highest point in almost 21 months, surpassing $45,800, as the ongoing crypto rally extends into 2024. A new report suggests that the flagship asset is set for more gains in the coming weeks, with several catalysts in play. Matrixport’s latest analysis suggests the potential approval of a spot Bitcoin ETF, which could...Read More
Barely 24 hours into the new year, the decentralized cross-chain protocol Orbit Bridge has been hacked for millions of dollars in cryptocurrencies. According to an official tweet, attackers gained unauthorized access to the Orbit Bridge at 08:52 pm UTC on December 31. The protocol is engaging with international law enforcement agencies and conducting an analysis...Read More
Bitcoin has gained 7.2% over the past 24 hours to reach an intraday high of $45,498 during the Tuesday morning Asian trading session. Prices remained flat over the holiday weekend but have started to move as the first working week of the new year begins. The big move has pushed the world’s largest digital asset...Read More
Hashed – South Korea’s leading crypto venture – has defied the challenges of the crypto winter, investing a massive $28.44 million (36.8 billion won) in blockchain projects this year. The long crypto winter has failed to deter Hashed which has not only weathered the storm but has expanded its footprint in blockchain infrastructure and gaming...Read More
Cryptocurrency hedge funds have generated an average return of 44% this year through December 20, marking a rebound from a 52% loss in 2022, ranking as the best among 29 strategies monitored. They have weathered a challenging 2022 and are experiencing a recovery, and many are anticipating a prosperous 2024. Crypto Hedge Funds Recover Pantera...Read More
Despite India’s controversial crypto policy and lack of clarity in several aspects, the country emerges as the top market. According to a new report by crypto exchange CoinDCX, 28 Indian entities became ‘FIU-Registered Reporting Entity.’ India emerged as a global crypto adoption leader, reflecting sustained interest and robust demand for digital assets. India Defies Crypto...Read More
According to an analysis from CoinGecko, the period from 2020 to 2023 has witnessed a surge in crypto airdrops. Led by giants like Uniswap, Apecoin, and dYdX, the top 50 airdrops have distributed $26.6 billion in tokens in that period. Uniswap’s Historic $6.43 Billion Airdrop Uniswap (UNI) led the pack, which made headlines with its...Read More
What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came...Read More
An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors. Are Ripple Use Cases Limited? If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and...Read More
The infrastructure for Web3 game development is experiencing rapid expansion, according to Delphi Digital’s recently published report titled “The Year Ahead for Gaming 2024.” The collective market capitalization of 183 gaming projects has demonstrated relative stability, fluctuating between $4 billion and $7 billion throughout the year. This range is notably 86% lower than the peak...Read More
The widely anticipated approval of over a dozen spot Bitcoin exchange-traded funds (ETFs) in the United States could be a sell-the-news event that would cause the price of BTC to move in the opposite direction. According to the latest weekly report from market analytics platform CryptoQuant, the prediction is substantiated by market participants sitting on...Read More
In 2023, there was a notable transformation in cryptocurrency investments as crypto venture capital (VC) funding experienced a significant decline of 68%, dropping from the $33.3 billion invested in 2022 to $10.7 billion. Despite this decrease, 2023 remains the third-highest year in total crypto investments, surpassing the figures during the previous bear markets of 2019...Read More
As altcoins surge in various directions, it’s noteworthy that the market has not undergone a 25% drawdown in the past 12 months for 234 consecutive days, marking the lengthiest streak since 2011. Even as altcoins continued to fly across the board, Bitcoin has emerged as a winner and one of the top-performing crypto assets so...Read More
