Bitcoin’s price surge towards $60,000 was abruptly halted as the digital asset retraced back to just over $58,000. This sudden drop came after Stacks emerged as the top performer among larger-cap altcoins, skyrocketing by 14%. In a similar fashion, LDO followed suit with a 7% increase in just one day. Less than a week ago,
admin
Recently, the Canadian musician and actor, Drake, found himself on the losing end of a substantial Bitcoin bet after Canada’s defeat by Argentina in the Copa America semi-final. His decision to wager $300,000 worth of Bitcoin on his home country proved to be a costly one, as Argentina emerged victorious with a 2-0 win. This
The statement made by CFTC Chair Rostin Behnam during the Senate Agriculture Committee hearing regarding the possibility of the CFTC serving as the primary regulator for digital assets raises significant questions about the current regulatory landscape. Behnam’s assertion that the CFTC has the capacity, expertise, and experience to take on this role is a bold
Recent actions taken by Binance, the world’s largest cryptocurrency exchange, have had a significant impact on the prices of certain altcoins. The delisting of several altcoins, including BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS), caused these coins to experience substantial price drops. This pattern is not new, as we have seen similar effects
In a recent announcement, Kraken revealed its co-founding of the Blockchain Security Standards Council (BSSC) alongside several prominent industry players. The formation of this nonprofit organization aims to establish uniform security standards within the crypto sector, addressing critical security threats such as fraud, nation-state cyberattacks, and protocol exploitation. The council’s mission involves developing consensus-driven security
ShardLab, the blockchain arm of global Web3 venture capital firm Hashed, has recently unveiled a groundbreaking web application designed to streamline the process of decentralized identity (DiD) and NFT voucher distribution. By leveraging cutting-edge technologies such as account abstraction (AA) and zero-knowledge proofs (ZK), the platform aims to revolutionize the security and usability of everyday
Wallets associated with the CoinStats exploit were recently found to have transferred a significant amount of Ether, totaling nearly $1 million, into the controversial crypto mixing protocol Tornado Cash. The security breach occurred in June, with two wallets moving 311 ETH to the crypto mixer. This development comes following investigations by CertiK and raises questions
A crypto analyst, known as ‘DonAlt,’ has recently made a bold prediction regarding the future of Bitcoin. He believes that Bitcoin could potentially soar to $100,000 in the coming years. This bullish perspective on Bitcoin is supported by various factors such as the growing interest in Spot Bitcoin ETFs and optimistic forecasts from market experts.
Ethereum 2.0 staking has been gaining traction, with the deposit contract for staking Ethereum on the Beacon Chain reaching an all-time high of 47.36 million ETH. This milestone represents a significant increase from two years ago when the contract held only 10.9% of the Ethereum supply. The fact that it now accounts for 33.9% of
An Ethereum whale’s recent transaction has stirred panic within the community, hinting at a possible sell-off of their holdings. The transfer of 11,215 ETH ($34.3 million) to Coinbase suggests a significant amount of tokens being moved, which could potentially impact ETH’s price. Many traders interpret such moves as a signal to sell, leading to speculations
