In recent days, Bitcoin has captured the attention of investors and analysts alike, breaking through the significant barrier of $68,000. This surge, constituting a remarkable 12% increase over the past week, has led many to speculate on the cryptocurrency’s next moves. While some market participants may feel the upward momentum is reaching its limits, a
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In recent years, stablecoins have emerged as pivotal players in the cryptocurrency ecosystem, offering a semblance of stability amid the often volatile climate of digital assets. This category of cryptocurrency, pegged to traditional currencies like the US dollar, provides liquidity and fosters confidence for users who are apprehensive about price fluctuations. The growth trajectory of
In a strategic move to capitalize on the burgeoning wrapped Bitcoin market, Kraken has unveiled its new product, kBTC, as announced on October 17. This development reflects a significant shift in how Bitcoin can be utilized across different blockchain ecosystems. kBTC is designed as an ERC-20 token that fully represents Bitcoin at a one-to-one ratio,
In the ever-evolving world of cryptocurrency, few assets capture the public’s fascination like Dogecoin (DOGE). Recently, this meme-inspired digital currency has experienced a major resurgence, particularly as it surpassed the $0.13 mark for the first time since July. On October 18, market excitement surged, driven largely by a comment from tech tycoon Elon Musk during
This week has seen an unprecedented wave of interest in spot Bitcoin ETFs across the United States, as their collective inflows have surpassed an impressive $20 billion. This surge in inflows, reported by Farside Investors, reached $20.73 billion as of Thursday, marking a significant milestone in the ETF world. The substantial capital entering these digital
The recent exploit suffered by Radiant Capital, which resulted in the loss of over $50 million in user funds, serves as a stark reminder of the vulnerabilities inherent in decentralized finance (DeFi) systems. This incident, outlined in detail by Radiant Capital in a post-mortem analysis, underscores the sophistication of cyber threats facing blockchain projects today.
In light of the escalating number of cyber threats targeting the cryptocurrency sector, the European Securities and Markets Authority (ESMA) has made a compelling case for the European Union (EU) to tighten its regulatory approach. Recent reports indicate a staggering $1.5 billion loss due to cyberattacks on crypto platforms in the first half of 2024
Semilore Faleti’s journey into the realm of cryptocurrency journalism is a compelling narrative that illustrates how passion and expertise can converge to create a significant voice in a rapidly evolving industry. Initially dabbling in various subjects, he soon discovered his affinity for breaking down the dense complexities of blockchain technology and digital currencies. This exploration
The collapse of FTX, once a notable player in the cryptocurrency landscape, has cast long shadows over its executives, who now face severe legal repercussions for their involvement in the firm’s downfall. Among these figures is Nishad Singh, the company’s former head of engineering, whose fate is now in the hands of a New York
In the ever-volatile world of cryptocurrency, Bitcoin’s resurgence to above the $67,000 mark has become a focal point for both enthusiasts and skeptics alike. Recently, the price has surged by an impressive 10% over the past week, a move which has reignited interest and investment within the digital currency sector. As the market enthusiasm intensifies,