In an exciting development for cryptocurrency enthusiasts, Coinbase, the largest U.S.-based cryptocurrency trading platform, has officially launched its Wrapped Bitcoin product, known as cbBTC. This initiative marks an important step in expanding Bitcoin’s utility in the decentralized finance (DeFi) sector. The cbBTC tokens are live on two significant blockchains: Base and Ethereum. This launch follows
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The recent acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) marks a significant milestone for the company. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, indicating its strong commitment to regulatory compliance and
The cryptocurrency market has been witnessing Bitcoin stuck in a downtrend, struggling to break above key resistance levels. However, a recent fundamental analysis conducted by crypto analyst Kaleo sheds light on Bitcoin’s healthy position. This analysis contrasts the current market dynamics with the previous halving cycle, indicating a positive outlook for Bitcoin’s future. Kaleo’s analysis
Fintech giant Nubank recently made headlines by announcing the suspension of trading for their cryptocurrency, Nucoin. This move has sparked discussions and raised concerns about the bank’s financial stability in the market. Effective immediately, Nucoin can no longer be bought or sold within the bank’s app, according to a blog post released on September 10.
Bitcoin (BTC) has recently seen a resurgence in its price, with indicators pointing towards the beginning of a long-awaited bull market. Market intelligence platform Santiment reported a positive change in Bitcoin’s price movements, with the cryptocurrency reaching $57,600 this week. This marks a significant increase as Bitcoin had been struggling with price declines in the
The cryptocurrency market has been experiencing some promising signs of recovery lately. Ethereum, one of the leading digital assets, has made modest gains in the past 24 hours after a sharp decline last Friday. The price of Ethereum, which plummeted to $2,154, is now nearing the $2,400 mark, sparking optimism among investors. Market expert Jesse
In 2019, Cardano experienced a significant drop of 57% when the Federal Reserve decided to cut rates. Now, with another rate cut on the horizon, the cryptocurrency faces a similar setup that could potentially lead to major downside. It is important to note that in 2019 the rates were at 2.39% and the public debt
The Commodity Futures Trading Commission (CFTC) recently announced a collaborative effort with federal and private organizations to combat the alarming increase in crypto scams known as “pig butchering.” These scams have resulted in significant financial losses due to a lack of awareness and understanding among consumers. The regulator’s campaign is focused on educating the public
The Law Commission of the United Kingdom (UK) Parliament recently proposed the Property (Digital Assets, etc.) Bill on Sept. 11, which aims to legally recognize digital holdings. This groundbreaking legislation seeks to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. It represents a significant milestone in British legal history
Samuel Edyme, commonly known as HIM-buktu, is not your average web3 content writer and journalist. His journey into the crypto universe did not begin with a successful investment, but rather with a scam. Despite falling victim to a Ponzi scheme that used crypto as payment, Edyme did not retreat. Instead, he emerged stronger and more
The much-anticipated airdrop for the Rocky Rabbit Telegram game is set to take place on September 23, 2024, on The Open Network (TON). This event marks a significant milestone in the game’s development as it rewards loyal players and paves the way for more advanced gaming features. Players who have actively engaged with the game’s
Jameson Lopp, a co-founder of CasaHODL, recently uncovered a devious phishing scam targeting users of the popular cryptocurrency exchange Gemini. The scam involves fraudulent emails claiming that there has been a security breach at Gemini, prompting users to transfer their funds to a malicious address. The scammers even go as far as providing a fake
Industry experts are bullish on the future potential of Ethereum, with ITC Crypto founder Benjamin Cowen and MN Consultancy founder Michaël van de Poppe both identifying positive indicators for the cryptocurrency. Cowen pointed out a wedge chart pattern similar to previous cycles, indicating a potential breakout, while van de Poppe highlighted a bullish divergence and
The Nigerian court has elected to postpone its decision regarding the bail application for Tigran Gambaryan, an executive from Binance, until October 9. This decision comes after both sides presented their arguments in court. Gambaryan’s lawyer, Mark Mordi, advocated for his client’s release on the basis of medical concerns, emphasizing his deteriorating health conditions. Gambaryan,
Zurich Cantonal Bank, one of Switzerland’s leading financial institutions, has made a bold move by entering the crypto waters in Europe. On September 4, 2024, the bank announced the launch of Bitcoin and Ethereum trading services for its customers. With total assets under management worth $235 billion, Zurich Cantonal Bank is now offering 24/7 cryptocurrency
The article discusses the Bitcoin price prediction for the year 2030, based on the outcome of the US presidential elections. According to crypto analyst Thomas, Bitcoin is expected to reach $1 million by 2030 regardless of whether Donald Trump or Kamala Harris wins the elections. This prediction is significant as it highlights the potential growth
Investors and gamers alike are increasingly turning to pre-market trading as a means to gain early access to sought-after game tokens within the Telegram ecosystem. With games such as Hamster Kombat, Catizen, WatBird, and X Empire offering the opportunity for traders to acquire tokens before they are publicly available, it’s important to delve into what
The Digital Chamber (TDC) recently made a call to Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods and not subject them to federal securities laws. The argument put forth by TDC is that NFTs created for personal use, such as digital art, collectibles, and video game assets, should not
Bitcoin’s recent surge from a daily low of $53,600 to just over $58,000 has left the community speculating about the reasons behind this impressive performance. One key factor that has been identified is the impact of the US spot Bitcoin ETFs. Since their inception in mid-January this year, these ETFs have been influencing the price
In the volatile world of cryptocurrency, predictions for the future price of Bitcoin can vary greatly. Following a recent crash, many have been speculating whether Bitcoin can reach a new all-time high. While some remain bearish, there are analysts who hold a more bullish outlook for the pioneer cryptocurrency. Analysts at Bernstein have predicted that
The US Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce has recently voiced her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). This comes in response to a speech given by SEC Chief Accountant Paul Munter on Sept. 9, where he reiterated the Commission’s unwavering stance on SAB 121. Munter emphasized
Samuel Edyme, affectionately known as HIM-buktu in the digital space, is not your typical web3 content writer and aspiring trader. His journey into the crypto universe did not begin with a triumphant investment, but rather with a scam that roped him in. This Ponzi scheme, which used crypto as payment, served as his initiation into
In recent months, the Cardano (ADA) ecosystem witnessed significant growth across various key metrics. Despite the bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported an uptick in investor activity and blockchain usage. Smart contract transactions surged by 31%, while metadata transactions (excluding smart contracts) grew by 20%. However, simple transactions faced a
WatBird, a new game developed by Gamee, is making waves in the mobile gaming industry by venturing into the world of blockchain gaming. The game, particularly Wat Racer, has been designed to bridge the gap between casual gaming and blockchain technology, serving as an entry point for gamers into the Web3 universe. With three million
The US Securities and Exchange Commission (SEC) has been increasing its regulatory efforts in the crypto sector, imposing significant fines on companies and individuals for violations of securities regulations. In 2024 alone, the SEC levied a total of $4.68 billion in fines against crypto companies, marking a sharp increase from previous years. Rise in Regulatory
In a recent report by research firm Kaiko, it was revealed that Coinbase, the leading cryptocurrency exchange in the US, has experienced a significant decline in market share. What was once a dominating force in the industry, with over half of the market share earlier this year, has now dwindled to just 41% in early
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to a hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface. This is reassuring news for Liminal and its clients, as the platform offers self-custody wallet services where private keys