Bitcoin miner Core Scientific has recently completed a successful reorganization, resulting in an improved financial position for the company. As a result, Core Scientific is planning to initiate the listing of its common stock and warrants on the Nasdaq Global Select Market, starting from January 24, 2024. Core Scientific’s reorganization plan has led to a
Crypto
In a recent disclosure, the Securities and Exchange Commission (SEC) revealed that multi-factor authentication (MFA) on its X account was disabled, leading to a false post about the approval of spot Bitcoin exchange-traded funds. The incident took place on Tuesday, January 9, 2024, when the SEC’s @SECGov X account was compromised. Unauthorized posts regarding the
Since the approval of spot Bitcoin exchange-traded funds (ETFs), these investment vehicles have seen impressive growth in their first six days of trading. The newly launched Bitcoin ETFs have accumulated a staggering number of bitcoins, with assets under management (AUM) surpassing $3.96 billion. This article delves into the data surrounding these ETFs and the significant
The perception and use of digital assets are undergoing a potential paradigm shift, according to Andrew Peel, Morgan Stanley’s Head of Digital Assets. Peel warns that this shift may have significant implications for the global dominance of the U.S. dollar. Traditionally, the U.S. dollar has held a dominant position in global finance, constituting nearly 60%
The digital asset economy has faced numerous challenges in the past year, including increasing interest rates, regulatory actions, financial insolvencies, and instances of fraud. These forces have had a significant impact on the overall market, causing a decline in the value and circulation of digital assets. Even the world’s second-largest stablecoin, USDC, has not been
Metamask, a popular Ethereum wallet, announced the launch of its Validator Staking support on January 18th. This new feature allows users to stake their tokens directly from their wallets, providing an easy and convenient way to participate in the Ethereum network. With Consensys, a reputable company known for its strong uptime, handling the staking process,
The recent decline in Bitcoin’s price has caused speculation among investors about whether this is a short-term adjustment or a sign of a long-term trend reversal. Jurrien Timmer, Fidelity’s Director of Global Macro, weighs in on this debate and suggests that the current price movements are more likely a temporary setback rather than a long-term
The introduction of spot Bitcoin ETFs has not lived up to expectations. Despite significant capital flowing into these ETFs, the price of Bitcoin experienced a decline of over 5% following their approvals. In contrast, Ethereum saw an almost 8% rise over the same period, indicating its growing strength in the market. According to on-chain analytic
In a surprising turn of events, a Bitcoin miner recently found themselves on the receiving end of a significant windfall. This stroke of luck was attributed to an abnormally high fee paid by one of the network’s users. The transaction in question involved a staggering 4 BTC, equivalent to approximately $172,000. However, upon closer examination
Bankrupt lending firm Celsius has recently made a significant move in its efforts to repay creditors. Over the course of the past week, the company has transferred more than $125 million worth of Ether to various crypto exchanges. This initiative follows in the footsteps of FTX and Alameda Research, who also resumed fund transfers earlier
After a period of uncertainty and a significant downturn, Chainlink’s native token, LINK, has experienced a noteworthy recovery. Briefly dipping below the crucial $13 support level earlier this month, the decrease in price was largely attributed to speculation surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC).
In the fourth quarter of last year, 1inch, the popular decentralized exchange (DEX) aggregator, witnessed an extraordinary surge in volumes and market dominance. According to a report by Messari, the executed volume on 1inch exceeded $30 billion, solidifying its commanding position with a 64% share of the Ethereum DEX aggregator market. This exponential increase in
In a recent interview with CNBC, Anthony Scaramucci, the founder and CEO of SkyBridge Capital, shared his prediction that Bitcoin (BTC) would reach its all-time high before the end of 2024. Scaramucci’s optimism stems from the United States Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs), which he believes will fuel
The latest research report by Coinbase Research and Glassnode highlights the similarities between the current state of the crypto market and the period from 2018 to 2022. The report indicates that Bitcoin (BTC) and Ethereum (ETH) are following a pattern similar to previous years, during which their prices surged significantly. According to the research, both
The dApp industry has witnessed remarkable growth in 2023, as highlighted by DappRadar’s recently released 2023 Industry Report. This comprehensive report presents an overview of the dynamic landscape, shedding light on key trends in NFTs, DeFi, and blockchain gaming. The findings reveal a 124% year-over-year increase in Unique Active Wallets (UAW), showcasing the industry’s expanding
Blockchain technology has seen significant growth and adoption across various industries, including gaming. The concept of blockchain games, which leverage decentralized networks to offer players enhanced ownership and unique gaming experiences, has been met with enthusiasm. However, a recent analysis from the Big Blockchain Game List has revealed that more than 30% of blockchain games
The recent report by the Commodity Futures Trading Commission (CFTC) sheds light on the fundamental issues within decentralized finance (DeFi) systems. It highlights the absence of clear lines of responsibility and accountability intentionally overlooked by certain industry structures. The report emphasizes the substantial risks that DeFi systems pose to consumers, investors, financial stability, market integrity,
The US stock markets witnessed a whirlwind of activity on the first trading day of 11 new spot Bitcoin ETFs. The resulting price movements were nothing short of spectacular, as the multi-year high quickly turned into a massive dump. But it wasn’t just Bitcoin that experienced turbulence; most altcoins also saw a dip in their
Recently, major crypto data aggregator Coingecko fell victim to a hacker attack. The hackers managed to infiltrate the official X accounts of Coingecko and used them to promote a fake token launch and airdrop. This incident came just hours after the U.S. Securities and Exchange Commission’s Twitter account was also compromised. Coingecko promptly addressed the
NEAR Foundation, the organization behind the NEAR Protocol, has recently made the decision to reduce its team by approximately 40%, resulting in the layoff of 35 employees. This move is part of the foundation’s realignment initiative, aimed at increasing efficiency and focusing on activities with a higher impact. The decision to downsize was made after
On January 10, 2024, a date that will be remembered in the cryptocurrency industry, the US Securities and Exchange Commission (SEC) gave the green light for spot exchange-traded funds (ETFs) that track the performance of Bitcoin, the largest digital asset. This milestone decision brought a wave of excitement and anticipation to the market. The launch
In a surprising turn of events, Celsius, the once-prominent crypto staking, lending, and exchange platform that recently shifted its focus to Bitcoin mining, has taken a controversial stance against its former clients. The company, whose bankruptcy plan was finally approved last year, has lashed out at those clients who withdrew their funds before the platform
In a surprising turn of events, the Securities and Exchange Commission (SEC) announced on January 9th that their official Twitter account had been compromised. The hackers took advantage of the vulnerable account and made a false announcement regarding the approval of spot Bitcoin ETFs. The following day, the SEC confirmed the hack and provided more
The fate of the highly anticipated spot Bitcoin Exchange-Traded Fund (ETF) approval could be influenced by a significant procedural aspect of the U.S. Securities and Exchange Commission (SEC). Fox Reporter Eleanor Terrett recently shed light on this aspect, which has caught the attention of the crypto community. According to Terrett, although there is no scheduled
The liquidity of privacy tokens has recently experienced a drastic decline, reaching an all-time low of just $5 million, according to a report by Kaiko. This concerning drop in liquidity can be attributed to the delisting of several trading pairs by OKX, a cryptocurrency exchange, due to their failure to meet certain criteria. Regulatory pressures
Bitcoin’s recent rapid decline in USD value from $45,400 to $40,400 triggered significant long liquidations, marking the third-highest volume since the bear market’s lowest point in November 2022. However, analysis from IntoTheBlock reveals an intriguing trend in the market. It appears that large holders of Bitcoin, who possess over 1% of the total supply, have
In Binance’s latest Proof-of-Reserves report, it has been revealed that the exchange holds an ample amount of XRP to cover customer balances. With a ratio of 104.26%, Binance demonstrates its commitment to financial transparency and integrity. This ratio indicates that the exchange has more than enough reserves to fully back all customer funds. The Proof-of-Reserves