Crypto

Cryptocurrency hedge funds have experienced a significant turnaround in 2023, generating an average return of 44% through December 20. This marks a rebound from a 52% loss in 2022 and positions cryptocurrency hedge funds as the best performers among 29 strategies monitored. Despite not matching Bitcoin’s impressive rally of over 150% this year, the positive

India’s stance on cryptocurrency has been a subject of controversy and uncertainty. However, despite these challenges, India has emerged as one of the top markets for digital assets. The latest report by crypto exchange CoinDCX reveals several interesting trends and highlights the country’s position as a global crypto adoption leader. Contrary to expectations, Tier-2 cities

In 2023, the landscape of cryptocurrency investments underwent a notable transformation characterized by a significant decline in crypto venture capital (VC) funding. The funding experienced a staggering decrease of 68%, dropping from the previous year’s $33.3 billion to $10.7 billion. This decline, although substantial, positions 2023 as the third-highest year in total crypto investments, surpassing

In the world of cryptocurrency, trust and security are of utmost importance. However, the infamous crypto-hacking group known as Pink Drainer has once again made headlines, this time for their involvement in a highly sophisticated phishing scam. This cyber heist targeted a single victim, resulting in a staggering loss of $4.4 million worth of Chainlink

Catalyx, a crypto trading platform based in Canada, recently experienced a security breach resulting in the loss of customer funds. This incident has raised concerns about the platform’s security measures and has led to temporary suspension of trading activities and asset withdrawals. While there is limited information available about the exact extent of the loss,

After temporarily scaling back in India, Worldcoin has recently launched its services in Singapore, marking a new chapter for the project. The latest announcement reveals that individuals in Singapore can now verify their “unique humanness” at an Orb. This move comes after the release of World ID 2.0 and the open-sourcing of the Worldcoin iris

In a surprising turn of events, a wallet connected to former U.S. President Donald Trump has been making headlines in the crypto world. According to Arkham Intelligence, an on-chain firm, this wallet has transferred over $2.4 million worth of ether (ETH) to the popular crypto exchange Coinbase. This revelation comes after Arkham Intelligence previously identified

In a surprising move, ARK Invest, the institutional asset management firm led by Cathie Wood, has liquidated all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), amounting to a total of $200 million. This decision comes at a critical time as the Securities and Exchange Commission (SEC) is expected to make a decision

The co-founder of Ethereum, Vitalik Buterin, has recently put forward a proposal to reduce the strain on the Ethereum blockchain and streamline its proof-of-stake (PoS) consensus. This article will critically analyze Buterin’s proposal and its potential impact on the Ethereum network and its users. One of the main motivations behind Buterin’s proposal is Ethereum’s pursuit

China’s Supreme Procuratorate has taken a significant step in combatting illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. This move highlights China’s commitment to crack down on illicit activities within the cryptocurrency industry, particularly in the realm of unauthorized foreign exchange

Tether, the company behind the popular stablecoin USDT, has recently achieved a significant milestone with its market value reaching $91 billion. This achievement highlights Tether’s growing influence and success in the volatile digital currency market. The company’s commitment to stability and resilience has been evident as it has added approximately $4 billion in excess reserves

Bitcoin experienced a significant drop in value over the past 24 hours, falling below the $43,000 threshold. Despite trading above $43,000 during the Christmas holidays, the cryptocurrency couldn’t maintain its momentum. The bears exerted pressure on the market, causing Bitcoin to slip further down to $42,600. Although it quickly recovered and approached $44,000 once again,

In a recent announcement on X, the zkSync Era team revealed that their blockchain network was facing network issues. This prompted them to suspend block production temporarily while they worked tirelessly to resolve the problems. However, in a later update, the team assured users that the issues had been successfully resolved, and the network was

In the year 2023, the digital asset market witnessed an exceptional surge, particularly in Bitcoin prices. With an increase of over 172%, Bitcoin proved its resilience with a minor correction of less than 20%. Not only Bitcoin, but Ether and stablecoins also experienced positive capital inflows. This surge in the market surpassed technical and on-chain

Bitcoin miners have experienced a significant surge in transaction fee revenue in 2023, according to recent data from Coinmetrics. This article delves into the details of this increase, as well as the challenges miners face, and the potential impact of Bitcoin’s upcoming halving event. In 2023, Bitcoin miners collected an average of $2 million in

Bitcoin has experienced a remarkable surge in value this year, soaring from around $16,500 to nearly $44,000. Many experts predict that this upward trend will continue, with a strong year-end performance. However, there are several key factors that could significantly impact the price of Bitcoin in the near future. One important factor to consider is

In a significant development, the EthereumPoW (ETHW) organization has made the decision to dissolve itself. After thorough discussions and a consensus among the majority, the entity is fulfilling its initial commitments to transition towards complete decentralization. This decision reflects a careful assessment of ETHW’s ability to operate independently, without relying on Core’s support. The unanimous

Paxos, the New York-based stablecoin issuer, has made waves in the cryptocurrency industry with its announcement of the strategic expansion of its stablecoin issuance to the Solana blockchain platform. This move marks a significant milestone for Paxos as it aims to compete with rivals such as Circle and Tether in the highly competitive stablecoin landscape.

On the 30th of July, Curve Finance suffered a significant blow when four of its pools were exploited by hackers, resulting in a staggering loss of $73.5 million. This breach was made possible by a re-entrancy bug within the Vyper programming language. While the community and white hats swiftly responded, recovering a portion of the

The U.S. circuit court in Washington D.C. has recently ordered the Securities and Exchange Commission (SEC) to reconsider its rejection of a Bitcoin exchange-traded fund (ETF) application by Grayscale, a leading crypto hedge fund. This development has sparked speculation among industry investors and insiders about the potential impact on the price of Bitcoin and other

In March 2022, Mikhail Klyukin, a Russian banker who had been sanctioned by the White House, made headlines when he sold over £15 million in shares of UK-based cryptocurrency firm Copper Technologies. Klyukin, who held a 2% stake in the company, had been sanctioned due to his association with Sovcombank, a Russian lender closely linked

In recent times, the crypto market has faced declining prices and rising global interest rates. These circumstances have led many investors to shift their attention towards artificial intelligence (AI). While Bitcoin remains a primary focus, experts predict that AI will soon take center stage in shaping the future possibilities of the market. According to Nansen’s

Bitcoin has been the subject of much debate and speculation in recent years, with opinions on its future prospects varying greatly. One prominent voice in the financial industry, Fox Business anchor Charles Payne, has expressed his belief in the cryptocurrency’s immense potential. In a recent interview, Payne shared his thoughts on the advantages and disadvantages

As we approach the year 2024, the prospects for Bitcoin (BTC) and the wider crypto market seem promising. Various on-chain metrics suggest a positive trajectory for Bitcoin, including the upcoming halving, growing stablecoin liquidity, the anticipated approval of spot Bitcoin exchange-traded funds (ETFs), and macroeconomic conditions. In this article, we will delve into these factors

There has been much speculation lately about whether asset managers like BlackRock can use insider knowledge to “front run” their Bitcoin spot ETF approvals. However, Bloomberg ETF analyst James Seyffart is here to clear the air and dispel these rumors. According to Seyffart, ETF applicants will only begin buying BTC within days of their funds’

Solana’s native token, SOL, has been making significant strides in the crypto market, surpassing major cryptocurrencies such as XRP and BNB in terms of market capitalization. However, recent data raises concerns about SOL’s future due to the sizable holdings of FTX and Alameda. This article delves into the potential implications of their holdings and examines

In the cryptocurrency space, one altcoin has been gaining significant attention and has surpassed major cryptocurrencies in terms of market capitalization. Solana’s SOL token started the year with a price range of $10-12. However, it experienced remarkable growth, reaching over $70 last Friday. The bullish trend didn’t end there. The SOL token climbed even higher