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
Crypto
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
The world of cryptocurrencies has experienced a boom in recent years, with Bitcoin taking the lead as the most popular digital asset. However, while Bitcoin’s value soared to new heights in 2023, an unexpected trend emerged in the realm of Bitcoin ATMs. Coin ATM Radar, a leading tracker of crypto ATMs, reported a significant decline
In 2023, the cryptocurrency industry witnessed a significant decline in security incidents, according to CertiK’s latest report. The total losses amounted to $1.84 billion, a 51% decrease from the previous year. This article will delve into the key findings of CertiK’s report and shed light on the vulnerabilities and challenges faced by the crypto industry.
Bitcoin ETF applicant VanEck has made a significant commitment to the development of the Bitcoin Core network. VanEck plans to donate 5% of its fund’s profits to Bitcoin Core developers, provided it receives approval from the U.S. Securities and Exchange Commission (SEC). This pledge has the potential to be a lifeline for developers who often
In January of 2023, the world watched as YouTuber CoffeeZilla exposed the dark truth behind Logan Paul’s CryptoZoo project. What seemed like an exciting and innovative venture turned out to be nothing more than smoke and mirrors. Participants were enticed to purchase egg NFTs, with the promise of a thrilling gaming experience where they could
In a recent report by WSJ, it was revealed that Binance co-founder Yi He holds a significant stake in Binance’s holding company located in the Cayman Islands. With a minimum of 10% ownership, Yi He wields substantial influence over the marketing and investment aspects of the company. In fact, in the absence of CEO Changpeng
Blockchain-based decentralized finance (DeFi) protocols continue to face security threats, as evidenced by the recent exploit on Gamma Strategies. This article critically examines the incident, the protocol’s response, and the broader implications for the DeFi industry. Gamma Strategies, an Ethereum-based DeFi protocol, suffered a significant exploit that resulted in a loss of approximately $3.4 million.
Tether, the popular dollar-pegged stablecoin, has experienced a tremendous rise in the past six years, bringing its total assets close to the $100 billion mark. According to the latest transparency report, Tether’s total assets currently stand at $95.2 billion. The majority of these assets, accounting for $92 billion, are held in the form of the
Cross-chain lending protocol Radiant Capital recently fell victim to a hack, resulting in the loss of 1,900 ETH, equivalent to around $4.5 million. The incident was discovered by blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol, utilizing cross-chain functionality built with LayerZero technology. Currently, the protocol
Bitcoin has been making waves in the financial world, with its price soaring to new heights in recent years. The cryptocurrency has gained the attention of investors, institutions, and even governments. While price predictions for Bitcoin vary, one analyst, Lyn Alden, is optimistic about its future. In a recent interview, she stated that she hopes
In recent weeks, Solana has taken the cryptocurrency market by storm, becoming one of the most highly sought-after digital assets. This remarkable surge has seen Solana soar by an astounding 775% in the last year, attracting investors eager to take advantage of its impressive rally. The bullish momentum of Solana has also led to the
As Ripple’s native token, XRP, continues to make headlines in the cryptocurrency industry, industry participants are eagerly speculating on whether it is on the verge of a price rally. With its parent company’s success in a lawsuit against the US Securities and Exchange Commission (SEC), many are optimistic about XRP’s future. In this article, we
Bitcoin has experienced a significant surge, gaining 7.2% in the past 24 hours. During the Tuesday morning Asian trading session, the leading cryptocurrency reached an intraday high of $45,498. This impressive rally comes after a relatively flat performance over the holiday weekend, signaling a bullish start to the new year. These price movements have propelled