In response to the increasing number of cryptocurrency-related crimes in Hong Kong, Bitrace has taken proactive steps to address the issue. The data analysis company recently held training sessions for members of the Hong Kong Police Force on on-chain fund tracking. This initiative is part of Bitrace’s Corporate Social Responsibility efforts, designed to enhance law
Crypto
Recent market data shows a significant correction in the cryptocurrency sector on April 14, resulting in a global market capitalization of around $2.4 trillion. This downturn led to multi-million liquidations, particularly affecting long traders. Ripple’s XRP was one of the notable losers, plummeting by 20% to approximately $0.48, according to CoinGecko’s data. Despite the bearish
In a surprising turn of events, the funding for Bitcoin startups saw a massive increase in 2023, despite an overall decline in venture capital activity. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals skyrocketed by 360% last year, with the overall count of Bitcoin companies receiving funding rising
Bitcoin Layer 2 solutions have been a hot topic this year, garnering both praise and criticism. One notable critic is Mempool founder Mononaut, who has pointed out several technical drawbacks of these protocols. Mononaut argues that if a Bitcoin Layer 2 solution lacks support for unilateral exits, it essentially functions as a multi-signature system rather
Over the weekend, Bitcoin experienced a significant drop in price, falling by five thousand dollars to reach a multi-week low of approximately $61,000. This decline was part of a larger trend that also affected alternative coins, with many experiencing double-digit decreases in value. The primary reason for this market crash was the escalating tensions between
Recently, the EigenLayer team made an exciting announcement regarding the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This service has already garnered significant attention, with over 4.1 million ETH being restaked on EigenLayer. In addition, a staggering 70% of all new Ethereum validators have chosen to restake on this platform.
Over the past few weekends, the cryptocurrency market remained relatively stable. However, the recent events have shaken the industry significantly. Factors such as announcements from US Federal Reserve officials and reports of potential conflicts between Israel and Iran have led to a sharp decline in Bitcoin’s price along with a significant drop in altcoin values.
Bitcoin’s market capitalization has recently surpassed $1.43 trillion, reaching an all-time high. Industry insiders have high hopes for its future value post-halving, with some projections going as high as $3 trillion. However, opinions on BTC’s performance vary, with figures like Ripple’s CEO predicting a global market capitalization of over $5 trillion, exceeding BTC’s current share.
The cryptocurrency market saw a significant correction on April 12, impacting the prices of various digital assets, including Shiba Inu (SHIB). Over the past week, SHIB’s value has dropped by 6%, and over the past month, it has decreased by 20%. While these numbers may seem concerning, there are indications that a potential rebound is
Robert Kiyosaki recently expressed his agreement with Cathie Wood’s prediction that Bitcoin could reach $2.3 million. Kiyosaki mentioned that he trusts Wood’s opinion and believes she is smart. This trust in Wood’s analysis is a key factor in Kiyosaki’s alignment with the $2.3 million Bitcoin prediction. Ark Invest released a research report earlier this year
In a move that showcases the U.S. Securities and Exchange Commission’s (SEC) continued crackdown on the crypto industry, the regulatory body has set its sights on Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX). This recent development adds to increasing regulatory pressure on the decentralized finance (DeFi) sector, signaling potential challenges ahead
Binance, the leading cryptocurrency exchange, has recently made significant updates to its platform in response to current market trends. One of the most recent changes includes the addition of 18 new loanable assets to Binance Loan, allowing users to borrow funds using their crypto holdings as collateral. Among the newly added cryptocurrencies are meme coins
Ethereum has been experiencing a phase of sideways consolidation after a recent dip towards the critical support level of $3K. The cryptocurrency seems to be stuck within a range of $3K to $3.7K, and it appears that volatility will remain low unless it breaks out in one direction or the other. A detailed analysis of
Shiba Inu (SHIB) recently experienced a price drop, with the current trading price at around $0.00002734. This marks a 3% decline on a daily scale and a 20% drop on a monthly basis. Despite this negative trend, analysts are predicting a potential bullish trend in the near future. Analysts’ Predictions Prominent analysts such as Rekt
The recent approval of spot Bitcoin ETFs has significantly impacted the cryptocurrency market, according to Fred Thiel, the CEO of Marathon, America’s largest crypto mining firm. Thiel noted in an interview with Bloomberg that the ETF approval has attracted capital into the market, hastening what would typically have been the post-halving rally. This acceleration has
Since the launch of U.S. Bitcoin spot ETFs, they have seen an impressive $12.3 billion in net inflows over the span of just three months. But the real question remains – how much of an impact have these ETFs had on the broader Bitcoin market as a whole? Glassnode analyst James Check delved into this
A cryptocurrency investor known as “Sell When Over” recently revealed a substantial loss of $800,000 resulting from two suspicious Google Chrome browser extensions. The investor initially detected a loss of $500,000 from various wallet applications and suspected that they were targeted via an extension attack. Compromise Investigation Upon further investigation, the victim discovered that their
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, have emerged as the top choices for new users in the blockchain space. According to a recent report by Flipside, these two platforms have seen a significant influx of users, surpassing other EVM chains in terms of cumulative new users since
The Bitcoin halving is an event that occurs approximately every four years and is designed to slow down the production of new BTC. This mechanism ensures that the last Bitcoin will be mined over a century from now, despite there already being over 19.6 million in circulation. Historical Context In the past, Bitcoin halvings have
Ethena Labs, the creators of USDe, have recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This strategic move aims to boost USDe’s supply from its current $2 billion mark. Highlighted in an April 4 announcement, Ethena Labs emphasizes the importance of incorporating BTC as a backing asset due to
The cryptocurrency market has recently experienced a period of correction, with Bitcoin (BTC) being one of the digital assets significantly affected. On a seven-day scale, BTC’s price has dropped by around 6%, currently trading at approximately $65,400. One possible reason for this heightened volatility and declining value could be attributed to profit-taking by long-term holders.
The recent analysis by industry analytics provider Glassnode indicates a significant shift in the behavior of long-term holders of Bitcoin. They have started distributing BTC and selling to new investors at higher prices. This activity has led to an injection of new capital into the asset class, ultimately increasing the realized cap to new heights.
March proved to be an incredibly lucrative month for the Bitcoin mining industry, with miners collectively earning over $2 billion for securing the leading cryptocurrency network. Data from Blockchain.com reveals that miners raked in an average of $65.23 million per day throughout the month of March, setting a new record for their daily earnings. The
In March 2024, blockchain security firm PeckShield released a report highlighting a troubling trend in the world of cryptocurrencies. The report revealed that there were over 30 incidents of hacks, resulting in approximately $187.29 million in losses. This surge in crypto hacks is particularly concerning as it can have a significant impact on investor confidence
Argentina has recently taken significant steps towards regulating the cryptocurrency industry within its borders. The government has introduced legislation requiring all local crypto firms to register with a new regulatory body dedicated to the sector, or face the consequence of ceasing operations entirely. This move aligns with recommendations from the Financial Action Task Force and
Bitwise Asset Management, a key player in the cryptocurrency index fund market, has urged the U.S. Securities and Exchange Commission (SEC) to postpone the approval of a spot Ethereum Exchange-Traded Fund (ETF) until December. Chief Investment Officer Matt Hougan shared with Forbes his concerns that the industry’s current emphasis on Bitcoin-related products may be taking
Shiba Inu (SHIB) saw a remarkable surge in token burns during March, with billions of tokens taken out of circulation. The burning mechanism was a key focus, with over 15.5 billion assets destroyed in just one month. This spike in burning activity, especially on March 8 when almost 14 billion tokens were burned, represented a